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3 years ago

8

During the month, merchandise is sold for $80,500 cash and for $119,000 on account. The cost of goods sold is $101,500. What is

the amount of gross profit?
a. $199,500
b. $119,000
c. $98,000
d. $80,500

1 answer:

REY [17]3 years ago

5 0

First add two numbers and get the sum and then subtract with the third number and get the different ..so the answer will be C: 98000

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kipiarov [429]

Answer:

Operating income will be $6,000

Explanation:

The computation of the operating income is shown below:

= Total cost - outsourcing cost

where,

Total cost = Variable cost + fixed cost

Variable cost = Number of microwaves × variable cost per unit

= 500 × $26

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And, the fixed cost is $7,000

Now put these values to the above formula

So, the value would equal to

= $13,000 + $7,000

= $20,000

And, the outsourcing cost equal to

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= $14,000

So, the net income would be

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3 years ago

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3 years ago

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Elodia [21]

Answer:

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3 years ago

Last year the Baldwin company increased their equity. In 2020 their equity was $49,131. Last year (2021) it increased to $54,834

Oduvanchick [21]

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The missing options includes <em>"A bond issue of$1,377. Issue and retirement of stock . Profits of $12,805 . A change of plant and equipment of$9,580. Plant Improvements of $9,580 A change in short term debt of-$4,478. Depreciation of -$41,287 Dividend payment of$6,489. A change in cash of $481. An accounts payable change of$1,546. Change in inventory of-$3,472."</em>

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Read more about stockholders' equity

<em>brainly.com/question/14032844</em>

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If merchandise sold on account is returned to the seller, the seller may inform the customer of the details by issuing a

SIZIF [17.4K]

The seller may inform the customer of the details by issuing a credit memo .

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Learn more about Credit memos here: brainly.com/question/14279491

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2 years ago