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3 years ago

Using the information below, calculate gross profit for the period.

Business

1 answer:

Yanka [14]3 years ago

7 0

Answer:

The correct answer is B: $724,000

Explanation:

Giving the following information:

Sales revenues for the period $1,214,000

Operating expenses for the period $230,000

Finished Goods Inventory, January 1 35,100

Finished Goods Inventory, December 31 40,100

Cost of goods manufactured for the period $495,000

We need to calculate the gross profit.

Gross profit= Sales revenue - cost of goods sold

Cost of good sold= Beginning goods inventory + Cost of goods manufactured for the period - finished goods inventory

COGS= 35100+ 495000 - 40100= 490000

Gross profit= 1214000 - 490000= $724000

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You head a marketing team preparing to launch a revised global marketing campaign for a high-end jewelry and accessory company.

Mice21 [21]

Answer:

You started with selling delicate, antique-looking jewelry across all international markets, with the same theme of "Looking Your Feminine Best.

Explanation:

This alternative does not represent a form of marketing adaptation, as seen in the following strategies adopted for some countries. This can be explained because the main concept of the marketing strategy developed to sell delicate and old-fashioned jewelry in all international markets, contains a central message, which is "Looking for the best for women". The other messages are adapted to attract women from other countries with different values and culture, so there was an adaptation in the developed slogan, but this still encompasses the central message proposed by the company, all messages reflect the search for the best for women.

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3 years ago

What is one advantage of starting to invest as early as possible?

Romashka-Z-Leto [24]

Answer:

D: Your money has more time to grow.

Explanation:

If you use process of elimination your age doesn't matter on discounts or rates. If you invest when you're younger you have more time to learn about what you're investing in and more time for your money to grow.

8 0

4 years ago

Two firms, A and B, both produce widgets. The price of widgets is $1 each. Firm A has total fixed costs of $500,000 and variable

Dmitry_Shevchenko [17]

Answer:

A) 11

Explanation:

The degree of operating leverage measures change in earning before interest and tax (EBIT) to change in sales.

Solution:

Formula

DOL = Percentage change in EBIT / Percentage change in sales

Percentage Change in EBIT = EBIT(1) / EBIT(2) - 1

Percentage Change in Sales = Sales(1) / Sales(2) - 1

Strong economic Condition

Sales = $1 Price x 1,200,000 units = $1,200,000

Variable Cost (VC) = $0.5 variable cost x 1,200,000 units = $600,000

Fixed cost (FC) = $500,000

EBIT = Sales - VC - FC

EBIT = $1,200,000 - $600,000 - $500,000

EBIT = $100,000

Weak economic Condition

Sales = $1 Price x 1,100,000 units = $1,100,000

Variable Cost (VC) = $0.5 variable cost x 1,100,000 units = $550,000

Fixed cost (FC) = $500,000

EBIT = Sales - VC - FC

EBIT = $1,100,000 - $550,000 - $500,000

EBIT = $50,000

Solving for DOL:

Percentage Change in EBIT = $100,000/50,000 - 1

Percentage Change in EBIT = 100%

Percentage Change in Sales = $1,200,000/1,100,000 - 1

Percentage Change in Sales = 9.09%

Now, using the above mentioned formula we can calculate DOL:

DOL = 100% / 9.09% - 1 = 11x

4 0

3 years ago

Why might a town decide to issue bonds?

Sophie [7]

A town might decide to issue bonds to B) to build new roads or bridges. A town will achieve a specified amount of money by issuing the bond and there must be an obvious source for returning the bond value until its maturity date. Therefore, building projects or other projects related to the town's infrastructure would be the most appropriate reason for a town to issue bonds.

8 0

4 years ago

On December 31, Sulfur Corporation has the following data available: Net Income $ 170 comma 000 Interest expense 30 comma 000

Gnom [1K]

Answer:

40%

Explanation:

The computation of the return on equity is shown below:

= (Net income - interest expense) ÷ (weightage average of common stockholders' equity)

where,

Weightage average of common stockholders' equity equals to

= (Total common stockholders' equity at the beginning of the year + Total common stockholders' equity at the end of the year) ÷ 2

= ($410,000 + $290,000) ÷ 2

= $350,000

And, the other items values would remain the same

Now put these values to the above formula

So, the value would be equal to

= ($170,000 - $30,000) ÷ ($350,000)

= 40%

5 0

3 years ago