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
Pavel [41]
2 years ago
8

A company manufactured 50,000 units of a product at a cost of $450,000. It sold 45,000 units at $15 each. The gross profit is a.

$270,000 b.$240,000 c.$750,000 d.$600,000
Business
1 answer:
natali 33 [55]2 years ago
3 0

Answer:

The answer is A. $270,000

Explanation:

Gross profit is a measure of profitability. It can be derived by deducting cost of sales(cost of goods sold) from the net sales or revenue i.e Net sales(revenue) minus cost of sales:

Sales or Revenue: 45,000 units at $15

45,000 x 15

=$675,000

Cost of sales:

45,000units = ($450,000 / 50,000 units) × 45,000 = $405,000

Therefore, gross profit is:

$675,000 - $405,000

=$270,000

You might be interested in
Given the following data on bond yields:
Alexandra [31]

Answer:

Explanation:

a) Confidence index=Yield on top-rated corporate bonds/ Yield on intermediate-grade corporate bonds

This year=9.3%/11.8%=0.788

Last Year=9.8%/11.3%=0.8673

b) From the calculations we can see that confidence index is decreasing from 0.8673 to 0.788.

4 0
3 years ago
What is an example of a general safety hazard?
Ket [755]

Answer:

poorly maintained equipment

5 0
2 years ago
Read 2 more answers
At September 1, 2012, Baxter Inc. reported Retained Earnings of $272,000. During the month, Baxter generated revenues of $40,000
LiRa [457]

Answer:

$284,000

Explanation:

Movements in the retained earnings account are as a result of the payment of dividend and the addition of the income or loss for the year.

Given that

Baxter generated revenues = $40,000

incurred expenses = $24,000

purchased equipment = $10,000 and

paid dividends = $4,000

Net income/(loss) = $40,000 - $24,000

= $16,000

Retained Earnings at September 30, 2012

= $272,000 + $16,000 - $4,000

= $284,000

6 0
3 years ago
In business, which of the following tones should be part of every written communications? a. Funny b.Vague c.Sarcastic d.polite​
dlinn [17]

Answer:

Polite

Explanation:

8 0
2 years ago
True or False. A scope management plan is used to develop, confirm, and control a common understanding of the project between cu
NARA [144]

Answer:

True

Explanation:

the process of identifying and defining what actions are required to deliver a project's requirements

6 0
2 years ago
Other questions:
  • Which of the following would be an argument for using the gross cost of plant and equipment as part of operating assets in retur
    5·1 answer
  • Espoused values are _____. for example, hewlett-packard stresses the "hp way," a collegial, egalitarian culture that gave as muc
    15·2 answers
  • To help travelers know what to expect researchers collect the prices of commodities
    9·1 answer
  • At december 31, gill co. reported accounts receivable of $244,000 and an allowance for uncollectible accounts of $1,350 (credit)
    7·1 answer
  • "Kim wants to run for the U.S. Senate. Kim experimented with drugs in the 1960s, but has not used any drugs in more than 45 year
    5·1 answer
  • Which of the following payments types require you to pay upfront
    11·1 answer
  • _____ is work done to keep equipment in good working order. Defragmentation Preventive maintenance Virus protection A maintenanc
    11·1 answer
  • 20. A company is in its first month of operations. On January 1, the company borrows $10,000 from the bank. The bank charges ann
    12·1 answer
  • Select the appropriate characteristics of the executive information system in the four-level pyramid model.
    10·1 answer
  • The company's wacc is 10.5%. what is the irr of the better project? (hint: the better project may or may not be the one with the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!