Answer:
d. $413,000
Explanation:
Sales = $1,160,000
Less: Cost of Goods Sold (1,160,000*70%) = <u>($812,000)</u>
Gross Profit = 348,000
Note: Since gross profit margin is 30% of the sales, the cost of goods sold must be 70% of sales.
Beginning inventory on Jan.1, 2016 = $340,000
Purchase inventory from Jan.1, 2016 to May 1,2016 = <u>$885,000</u>
Total Inventory = $1,225,000
Less: Cost of Goods sold = <u>($812,000)</u>
Estimated Inventory on May.1 2016 = $413,000
Answer:
$70,100
Explanation:
The computation of the equipment recorded on a balance sheet is shown below:
= Purchase of new equipment + transportation cost + sales tax paid + installation cost
= $58,500 + $2,700 + $4,700 + $4,200
= $70,100
We simply added the above four items so that the recorded value of an equipment could come
The elements that would have to be in place for a contract to be unconscionable would be that
- They were under pressure
- They were misled
- They did not have the right information
<h3>What is meant by a contract?</h3>
This is the term that is used to refer to the fact that two people or more have agreed to do business with themselves.
In order to be a contract, one person would have to create a bargain and the other would be the one that would agree to the terms.
It is unconscionable at the time when the contract is done and the person or one of the parties is found not to have been able to make the contract agreement at their right frame of mind. In this case, the law has the power to protect this party.
Hence they would have to rule in his favor. Therefore to be unconscionable, a contract would have to have been misled, have been made under duress and without the adequate information.
Read more on contracts here:
brainly.com/question/5746834
#SPJ1
It could, as long as it fulfills these two conditions
- The products could generate enough profit without the boost that givenn by other channel flows.
- The independent operation would not cause a decrease in profit for other channels flow because eventually, business owners only want to do the combination that bring the most profit.
Answer: $12477.27
Explanation:
The formula to find the compound amount after t years (compounded semiannually) :-
Given : Principal amount : P = $ 8,000
Rate of interest : 
Time : 9 years
Now, 
The final amount in the account will be $12477.27
