Blog Inc., has net sales of $50,000, cost of goods sold of $30,000, and selling expenses of $5,000. Its gross profit is $20,000.
<h3>What is gross profit?</h3>
Gross profit is the profit of a company or an entity after subtracting all the costs that are related to manufacturing and selling its products or services.
Explanation:- Gross Profit = (Net Sales – Cost of Goods Sold)
= ($50,000- $30,000)
= $20,000
Hence, the gross profit of the Blog Inc., would be $20,000.
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the answer is: d. The expense of selling the home when she leaves the city.
The expense of selling the home would reduce the amount of money that she eventually made after home is sold. If, the expense took too much percentage from the selling price, sasha would be better of renting her current house instead.
Answer:
1) Debit Prepaid insurance, Credit Bank
2) Debit wages, credit Bank
3) Debit Supplies Account , Credit Accounts payable
4) Debit Utility account credit Accounts payable
Explanation:
The Question requires that for each of the transaction identify account to be debited and account to be credit.
clear transactions end at the 4th transaction. After the 4th its just terms and accounts
Answer:
$5,050.25
Explanation:
The daily interest multiplier has already been stated to reflect interest earned over a 180-day investment timing horizon, hence , in order to determine the compound of $5,000 saved for 180 days, we simply multiply the daily interest multiplier for 180 days by the actual amount saved as shown below:
FV=PV*interest multiplier
FV=future value=amount in the savings account after 180 days=the unknow
PV=the amount placed in savings account= $5,000
interest multiplier= 1.010050
FV=$5,000* 1.010050
FV=$5,050.25
Answer:
marginal cost = $2
Explanation:
given data:
cost on wool when 10 sweater made in one month = $15
cost on wool when 11 sweater made in one month = $17
fixed cost = $100
In case of no other cost present, marginal cost is given by
Marginal cost = cost of eleven sweaters - cost of ten sweaters
= $17 -$15
= $2
