From item p636tge number received is77

completion. Item8 Part 5 of 5 10 points Return to questionItem 8Item 8 Part 5 of 5 10 points Required information [The following

zloy xaker [14]

Answer and Explanation:

The computation of amount of revenue and gross profit (loss) to be recognized in each of the three years is shown below:-

Sales revenue for the present period for 2021 = $31,00,000.00

Sales revenue for the present period for 2022 = $46,00,000.00

Sales revenue for the present period for 2023 = $23,00,000.00

Gross Profit for year 2021 = $5,58,000.00

Gross profit for year 2022 = $8,28,000.00

Gross profit for year 2023 = $2,25,400.00

To reach the sales revenue we simply deduct the Sales revenue recognized in previous period from Sales revenue recognized till date for 3 years on the other hand to compute the gross profit we simply deduct the Cost incurred during the year from Sales revenue for the present period for 3 years.

For clarification we attached the spreadsheet to reach the sales revenue and gross profit for 3 years.

3 0

3 years ago

Does the U.S. have a trade deficit or surplus?

ZanzabumX [31]

Answer:

surplus

Explanation:Don't quote me on this because I might be wrong, but I think the united states has a trade surplus because of the dependence on U.S trade globally. China has a trade surplus because they have some the biggest and busiest factories and shipping outposts. Since the U.S has such a high trade level with the trade Surplus of china the U.S is also a trade surplus.

3 0

3 years ago

The perceived value of benefits rises when employers introduce choice through a flexible benefits package. True/False

Verizon [17]

The perceived value of benefits rises when employers introduce choice through a flexible benefits package.

<h3>What is flexible benefits package ?</h3>

Employers who offer choice through a flexible benefits package increase the perceived value of benefits.

While employees are more concerned with cost when evaluating the competitiveness of benefits, senior management frequently places a greater emphasis on value.

A benefits package that gives employees the option of a range of benefits, such as cash, life and health insurance, paid time off, retirement plans, and child care.

A flexible benefits plan, also known as a full flex plan, is a kind of cafeteria plan benefit under Section 125 of the Internal Revenue Code that gives employees the option of receiving their pay as cash or as nontaxable benefits like life and health insurance, retirement plans, and child care.

To learn more about flexible benefits package refer

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7 0

2 years ago

Compute the Cost of Goods Manufactured and Cost of Goods Sold for Blue Sea Company for the most recent year using the amounts de

ehidna [41]

Answer:

Calculate the cost of goods manufactured.

$243,800

Explanation:

manufacturing overhead = indirect labor ($46,000) + insurance of plant ($8,000) + depreciation of machines and equipment ($12,700) + repairs and maintenance ($4,100) = $70,800

Beginning raw materials = $27,000

+ Purchases of raw materials = $79,000

- Ending raw materials inventory = -$31,000

= Direct materials used in production = $75,000

+ Direct labor = $83,000

+ Manufacturing overhead = $70,800

= Total manufacturing costs = $228,800

+ Beginning work in process = $43,000

- Ending work in process = -$28,000

= Cost of goods manufactured = $243,800

5 0

4 years ago

Review how organizations interact with their external environment (as open systems and complex adaptive systems). How effective

Aliun [14]

Answer: Organizations with open systems exchange information and resources with their external environment. However, they manage to control these interactions by generating permeable boundaries which permit necessary exchange while being shielded from external disturbances. The interaction of the FBPS and the external environment as an open system during the closure of the Hampton and Culpeper campuses was poor and ineffective. The closure was considered abrupt to the families and the surrounding communities. The school denied intending to close following the leaked email, just to protect its administration from parents’ outrage. The school lacked healthy exchange of information with its external environment.

Complex adaptive systems refer to dynamic systems which are capable of evolving with and adapt in a changing environment . The FBPS system was surrounded by a number of changes shortly before its closure. The external environment was experiencing financial crisis, intense competition from public schools that are independently operated and chartered. The school was unable to keep up or to adapt to changes that were taking place. They gave in to competition, losing most of their students to their chartered public schools competitors.

Explanation:

8 0

4 years ago