ANSWER: To calculate the gross profit for the month of August, Gibson will have to find out the sales in his company. Gibson had a opening stock of 200 units of products valuing $8 per unit. The total value of the stock available at the opening of the month is $8 x 200 units = $1,600. If he uses the average cost method to calculate the inventory cost, he will need the opening stock and the production done in the month of August. This will give him the figure which will show his entire stock which were available for sale in the month.
Let's assume the entire stock produced in the month of August to be 'x', so the total stock available for sale was '$1,600+x'. This amount needs to be subtracted by the closing stock of the month to get the actual value of sales that has happened during the month of August. So, dividing the actual value of sales by the production cost of the sold number of units will give Gibson the gross profit for the month of August.
The answer is cooperative. It is described as jointly-owned and democratically-controlled enterprise. It includes <span>non-profit community organizations. There are many types of cooperatives such as worker cooperatives, consumer cooperatives, and producer cooperatives.</span>
Answer: A checklist on how to determine if it's time to get a new pair of eyeglasses
A set of predefined checks can let the customer know if there could be changes in his lens and if its time for another visit to the eye specialist. This would make the customer more happy and lean towards towards your businesses for future needs and make him a loyal customer
Answer:
The balance in the Prepaid Rent account as of April 30, 2018 = $7,200
Explanation:
Monthly rent = $3,600
Rent paid on 1 January = $3,600
6 = $21,600
Out of which Prepaid Rent = $3,600
5 = $18,000
for 5 months
Prepaid rent account as on April 30 balance will be of rent for May and June,
That is $3,600
2 = $7,200
Only this amount will be outstanding in prepaid rent as for the month till April each month rent would have been adjusted from February to April.
Final Answer
The balance in the Prepaid Rent account as of April 30, 2018 = $7,200
This type of relationship is "one-to-one relationship".
One-to-one relationship is a term that shows a relationships of two items in which only one item can belong to the other item as taylor show the <span>relationship between the tblbilling and tblcontractor, </span>and you can easily represent this type of relationship in databases and you can easily understand this relationship.