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
A company purchased a computer system at a cost of $24,000. The estimated useful life is 6 years, and the estimated residual val
max2010maxim [7]

Answer:

Year 2= $3,333.33

Explanation:

Giving the following information:

A company purchased a computer system for $24,000. The estimated useful life is 6 years, and the estimated residual value is $9,000.

To calculate the depreciation expense for the second year, we need to use the following formula for year 1 and 2:

Annual depreciation= 2*[(book value)/estimated life (years)]

Year 1= 2*[(24,000 - 9,000)/6]= 5,000

Year 2= 2*[(15,000 - 5,000)/6]= 3,333.33

7 0
3 years ago
Which of the following types of documents is used to ensure that the project has clear boundaries for what is and is not include
elena55 [62]

4. A scope statement

For example, if you are remodeling your kitchen and dining room the scope statement would say what would be done in those rooms and that NO work would be done in the rest of the house. It is an important document to make sure all parties are on the same page.

8 0
3 years ago
Read 2 more answers
A deli is offering a special for its sandwiches. a customer will receive three free sandwiches for every five sandwiches purchas
ArbitrLikvidat [17]
We see that for every 8 sandwiches that the customer needs, he will pay for 5. Lets see how many groups of 8 sandwiches the order of 675 sandwiches contains. If we do Euclidean Division we see that there are 84 groups of 8 and that three sandwiches are the remainder. 675/8=84.375; Hence we have 84 groups and 0.375*8=3 sandwiches that remain. Thus, the customer would play for 84*5= 420 sandwiches if he had ordered 84 groups of 8 (namely 672 sandwiches). Since he needs another 3 sandwiches and there is no promotional offer for those, he will have to pay in total for 423 sandwiches. It is important to not divide the total number by 8 and then multiply it by 5; the customer gets the free sandwiches only if he completes an offer of 5 sandwiches, thus we have to group the sandwiches in octads and deal with the remainder separately.
4 0
3 years ago
Domain names that end in .edu are:
marysya [2.9K]
Edu means education so normally it is a college or other school website
6 0
3 years ago
Which part of the economy is represented by box C on the circular flow
arlik [135]

Answer: I DONT KNOW

Explanation: PICK ONE

6 0
2 years ago
Other questions:
  • Multiple Choice Question 64 Concord Company had the following department information about physical units and percentage of comp
    11·1 answer
  • The March 2011 announcement that AT&T was acquiring T-Mobile USA from Deutsche Telekom is a _________ acquisition and is int
    7·1 answer
  • Explain three ways you can get home safely if the friend you rode with has drugs or alcohol in his or her system and you prevent
    8·1 answer
  • Ankh-Sto Associates Co. is expected to generate a free cash flow (FCF) of $14,835.00 million this year ( FCF1 = $14,835.00 milli
    5·1 answer
  • What assumptions are necessary for a market to be perfectly​ competitive? In light of what you have learned in this​ chapter, wh
    7·2 answers
  • Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning in
    8·1 answer
  • Claire writes letter to her grandmother, In which she describes an amusement park she visited last week. She adds pictures of th
    5·1 answer
  • I be seeing people do stuff like dis but my any chance does anyyonee stay in NC. Not NYC. North Carolina bro it's maddd boring o
    7·2 answers
  • ______ is a nonprofit organization that recruits and selects college graduates from universities to serve as teachers in low-inc
    11·1 answer
  • One guideline for improving the effectiveness of initial (screening) interviews is to ____.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!