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Anon25 [30]
3 years ago
13

Elenor Company sells 400 units of inventory for $40 each. The inventory originally cost Elenor $26 each. What is Elenor’s gross

profit on this transaction?
Business
1 answer:
Andrei [34K]3 years ago
7 0

Answer:

$5,600

Explanation:

Data provided in the question:

Number of units of inventory sold = 400 units

Selling cost of the inventory = $40 each

Original cost of the inventory = $26 each

Now,

Total inventory cost of the units sold = 400 × $26

= $10,400

Total selling cost of the inventory sold = 400 × $40

= $16,000

Therefore,

Elenor’s gross profit on this transaction

= Total selling cost of the inventory sold - Total inventory cost of the units sold

= $16,000 - $10,400

= $5,600

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2 years ago
PROBLEMThe PQ partnership has the following plan for the distribution of partnership net income (loss):P QSalaries $60,000 $100,
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Since the problem assumes annual compounding, then the relationship of forward rate and spot rates is given in the equation:

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