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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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3 years ago

You are scheduled to receive $35,000 in two years. When you receive it, you will invest it for 6 more years at 7 percent per yea

bazaltina [42]

Answer:

$52,526

Explanation:

In two years i have $35,000.

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3 years ago

_____ can be a difficult problem for many international managers, who often come from advanced economies and believe that their

hichkok12 [17]

Answer:

Ethnocentrism

Explanation:

Ethnocentrism occurs when someone judges the culture of others by their own perspective and values, judging in a derogatory way the cultural identity of other peoples. When an international manager takes an ethnocentric stance, he is reaffirming stereotypes about some culture that are often loaded with prejudice to mark people or places based on some trait. In this matter, the manager adopted a negative and problematic posture, because in addition to advanced technology, each culture has a particular way of expressing, consuming, acting and understanding. Therefore, disregarding the characteristics and perspectives of a different culture, the insertion and development of some business strategy will not be effectively directed.

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4 years ago

Asset A has an expected return of 20% and a standard deviation of 25%. The risk-free rate is 10%. What is the reward-to-variabil

kvv77 [185]

Answer:

0.4 or 40%

Explanation:

the formula used to calculate the reward variability ratio is:

reward variability ratio = (expected return - risk free rate) / standard deviation = (20% - 10%) / 25% = 10% / 25% = 0.4 = 40%

The reward variability ratio measures the return of a project, stock or investment, adjusted for its variability (standard deviation) compared to the risk free rate.

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3 years ago

Ultimo Co. operates three production departments as profit centers. The following information is available for its most recent y

rewona [7]

Answer:

None of the available options are correct.

Department 2's contribution to overhead in dollars is $210,000

Explanation:

Contribution to overhead = Sales - Cost of goods sold - Direct expenses

Contribution to overhead = $400,000 - $150,000 - $40,000

Contribution to overhead = $210,000

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4 years ago