Answer:
Option (D) is correct.
Explanation:
Sale from beginning inventory = (Beginning inventory - sales units) × selling price per unit
= (24 - 17) × $15
= 7 × $15
= $105
Sale from September 17th purchase:
= (Beginning inventory - sales units of Sept 5 and Sept 30) × $20
= (24 - 17 - 8) × $20
= 1 × $20
= $20
Therefore,
Cost of good sold on Sept 30 = Sale from beginning inventory + Sale from September 17th purchase
= $105 + $20
= $125
Ending inventory:
= ( Beginning inventory - Sept 5 Sale + Sept 17 Purchase - Sept 30 Sale) × per unit purchasing price
= (24 - 17 + 10 -8) × $20
= 9 units × $20
= $180
The downside of rapid economic growth is manifested in increased environmental pollution, Rural-Urban migration which may negate the development of some parts of the country. Noise pollution due to overwork of machines.Overpopulation especially in urban areas straining facilities and creating conflict. Welfare may not necessarily improve due to arising unequal distribution of wealth.
Gross Margin is equal to Total Revenue x 100 is the equation to use when calculating gross margin as a percentage. The gross profit margin displays the revenue that remains after a business has paid all direct costs associated with producing a good or rendering a service.
<h3>What is the percentage of the gross margin telling you?</h3>
Net sales less the cost of products sold are known as gross margin. The gross margin is the profit produced before subtracting selling, general, and administrative (SG&A) costs.
<h3>What does a 50% gross margin entail?</h3>
When an item is produced for $100 and sold for $200, the price includes a 100% markup, or a 50% gross margin. Simply put, gross margin is the portion of the selling price.
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Answer:
Profit= $4,400
Explanation:
Giving the following information:
Sales= 300 units
Selling price= $48
Unitary variable cost= $20
Fixed cost= $4,000
F<u>irst, we need to calculate the contribution margin:</u>
Contribution margin= 48 - 20= $28 per unit
<u>Now, the projected profit:</u>
Profit= 300*28 - 4,000
Profit= $4,400
Answer:
Tony is not required to file a tax return because his gross income is below the filing requirement.
Explanation:
As per 2019 tax rules, the tax filing is not mandatory toa single filer if the gross income is below $12,200, it is standardized.
