Answer:
Callie's Gross Profit is $562000
Explanation:
Gross profit is the profit earned by a business after deducting the costs associated with producing or selling its goods (for manufacturing and trading businesses) or the costs associated with providing the services (for service businesses) from the net revenue.
It is the profit from the trading section of the business before deducting the operating and financing expenses of the business and before adding any other income.
The gross profit is simply calculated as follows,
Gross Profit = Net Revenue - Cost of Goods Sold
Callie's gross profit = 940000 - 378000
Callie's Gross Profit = 562000
Targeted levels of customer service
Answer:
2. marginal revenue.
Explanation:
Marginal cost is the extra expense incurred as a result of or producing or selling an additional unit. For a profit-maximizing firm, marginal cost is important as it indicates the point at which production should stop.
Marginal revenue is the income generated by the sale of an extra unit. If the marginal revenue is greater than the marginal cost, a firm will make profits if it produces and sells an extra unit.
A profit-maximizing firm should continue production until the marginal cost equal to marginal revenue. The cost associated with producing the last item should match the income from that item. Further production will result in a loss.
Hmm...I think Brainly is a place for asking/answering questions, not creating ads...hmm, oh well lol
Answer: $68,200
Explanation:
Estimated inventory = Difference between Goods available for Sale at Retail Price and Actual Sales made * Cost Retail Ratio
Retail value of Goods Available for Sale
= Retail Price of Beginning Inventory + Retail price of Purchases
= 120,000 + 480,000
= $600,000
Difference between Goods available for Sale at Retail Price and Actual Sales made
= 600,000 - 490,000
= $110,000
Cost to retail price ratio
= (Cost of Beginning Inventory + Cost of Purchases) / (Retail Price of Beginning Inventory + Retail Price of Purchases)
= (60,000 + 312,000) / (120,000 + 480,000)
= 62%
Ending inventory
= 110,000 × 62%
= $68,200
