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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

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Answer:

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Complete the right half of the following equation to reflect the unemployment rate reported by the BLS.
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c. 66.67%

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5 0
3 years ago
Suppose that the Bank of Oranges has excess reserves of $80,000,000 and checkable deposits of $500,000,000. If the bank has a re
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Answer:

Option (A) $130,000,000

Explanation:

Data provided in the question:

Excess reserves = $80,000,000

Checkable deposits = $500,000,000

Reserve requirement by the bank = 10%

Now,

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