1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nataliya [291]
3 years ago
5

Cushman Company had $800,000 in sales, sales discounts of $12,000, sales returns and allowances of $18,000, cost of goods sold o

f $380,000, and $275,000 in operating expenses. Gross profit equals?
Business
1 answer:
patriot [66]3 years ago
5 0

Answer:

Gross profit equals $420,000

Explanation:

To get gross profit , we only discount the cost of goods sold from the Total sales

Gross profit Formula= net sales – cost of goods sold

Gross profit =$800,000- $380,000

Gross profit =$420,000

We use sales returns and allowances, sales discounts and operating expenses to get net income.

You might be interested in
What can the publishing industry learn from the music industry?
damaskus [11]

Answer:

Simply and shortly, the only thing that the Publishing Industry can learn from the Music Industry is that you either Adapt or you Perish.

Explanation:

The music labels and record labels were reluctant to turn towards online platform based music stores and eventually when apple and the android released their iTunes and play store platforms just for the music, the whole industry business model changed and went online and the traditional music stores went to decline.

the online business model was not embraced by the traditional music stores and they paid the price for it.

Today, we see an increasing growth of E books and online publishing of books, journals, news papers, tabloids and magazines. The publishing industry will have adapt for this.

8 0
3 years ago
Economists consider governments to be "wasteful:" - whenever they over- or underallocate resources to a project. - only when the
ahrayia [7]

Answer:

The correct answer is: whenever they over- or under-allocate resources to a project.

Explanation:

A government is considered to be wasteful by the economists if it over-allocates or under-allocates resources on a project. Whenever resources are not efficiently or optimally allocated it is considered wasteful.

In case resources are over-allocated, the reason is given that the excess resources could have been used somewhere else.

In case resources are under-allocated, the reason is given that the given resources will not be able to provide the desired output.

3 0
2 years ago
List the pros and cons of partnerships.​
sergey [27]
Pro-you’re never lonely , you have someone to talk with , you and your partner are more open , it creates a healthy mentality’s, you’re able to communicate with each-other , learn and grow with each-other, learn together ,learn about one’s difficulties . Cons- end up hurt , lose trust , see everyone differently, learn from past experiences, become a better version of your self
6 0
2 years ago
Kaiser Industries has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and selling
9966 [12]

Answer:

The Coupon rate is 11.66%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.

Face value = F = $1,000

Selling price = P = $1,382.01

Number of payment = n = 14 years

Bond Yield = 7.5%

The coupon rate can be calculated using following formula

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

7.5% = [ C + ( $1,000 - 1,382.01 ) / 14 ] / [ ( $1,000 + $1,382.01 ) / 2 ]

7.5% = [ C - $27.29 ] / $1,191

7.5% x $1,191 = C - $27.29

$89.33 = C - $27.29

C = $89.33 + $27.29 = $116.62

Coupon rate = $116.62 / $1,000 = 0.11662 = 11.66%

4 0
3 years ago
The ""Know They Customer"" program: a. is a federal program directed at commercial bribery prevention. b. is a federal program r
Serga [27]

Answer: B. A federal program aimed at detecting money laundering

Explanation: with rising corruption issues, financing of terrorism and money laundering becoming so prevalent the Know Your Customer program was initiated to help combat these issues. It is a process by which banks obtain personal information about the identity and address of its customers. In this, banks are prevented from being used to service money laundering activities while also enabling them better understand their customers, monitor their financial dealings thus, assisting them in serving their customers better and manage its risks wisely.

4 0
3 years ago
Other questions:
  • HELP!
    7·2 answers
  • A machine costing $251,800 was purchased May 1. The machine should be obsolete after three years and, therefore, no longer usefu
    13·1 answer
  • The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1,050),
    11·1 answer
  • On June 15, Kersee Company sold merchandise on account to Eng Co. for $1,000, terms 2/10, n/30. On June 20, Eng Co. returns merc
    5·1 answer
  • Michael Co. is a corporation that sells breakfast bars. Based on the accounts listed below, what are Michael's total trade recei
    8·1 answer
  • Capital budgeting decisions are risky because the outcome is uncertain, large amounts are usually involved, the investment invol
    15·1 answer
  • Frank slips and falls on Guy's Harbor Tour Boat and is injured. Frank files a suit against Guy's for $500,000. If Frank is 20 pe
    13·1 answer
  • Many people have strong negative reactions to pop-up, pop-behind, interstitial, and rich media ads. Assume you are the director
    9·1 answer
  • Scott Company had sales of $12,350,000 and related cost of goods sold of $7,500,000. Scott provides customers a refund for any r
    15·1 answer
  • Opportunity costs are classified as ____ costs in project analysis. multiple choice question. irrelevant sunk relevant intangibl
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!