Answer:
The cost of goods sold for February is $1,525
Explanation:
For computing the cost of goods sold, the following equation should be used which is shown below:
Cost of goods sold = Opening stock of candy bar + Purchase of candy bar - closing stock of candy bar
= 200 + 3,000 - 150
= 3,050 candy bars
Now, the total cost of good sold is equal to
= Cost of good sold × cost per candy bar
= 3,050 × $0.50
= $1,525
The sale price for per candy bar should not be taken because we have to compute the value at cost not at sale price. Thus, it would not be taken in the computation part.
Hence, the cost of goods sold for February is $1,525
Answer:
Hicks
Income Statement for the year ended December 31, 2017
$
Sales revenue 3,100,000
Cost of goods sold <u> (1,700,000)</u>
Gross profit 1,400,000
Administrative salaries (136,000)
Rent on corporate headquarters (65,000)
Advertisement and marketing (625,000)
Depreciation <u> (90,000)</u>
Net income <u> 484,000</u>
Explanation:
Gross profit is calculated by deducting cost of goods sold from sales revenue. All the expenses will be deducted from the gross profit in order to obtain the net income for the year ended December 31, 2017.
Answer:
project C
Explanation:
20% MARR
A B C
First cost $560 $340 $120
Uniform annual benefit $140 $100 $40
Salvage value $40 0 0
yearly cash flows 1 - 9 $140 1 - 10 $100 1 - 10 $40
10 $180
Using an excel spreadsheet I calculated the present value of the project's cash flows: $593.41 $419.25 $167.70
all the NPVs are positive: $33.41 $79.25 $47.70
since we are going to apply a benefit-cost analysis, we must determine the return on investment (ROI) = net profit (or NPV in this case) / investment
- ROI A = $33.41 / $560 = 5.97%
- ROI B = $79.25 / $340 = 23.31%
- ROI C = $47.70 / $120 = 39.75%
Since the return on investment is higher for project C, then that project should be selected.
Yes, hovering over customers can make them feel uncomfortable in, for example, having a conversation because of another set of ears listening and constantly being interrupted
