Answer:
$160,000
Explanation:
Calculation of the car dealership's profit
Using this formula
Profit= Total revenue- Amount Spend
Where,
Total revenue=$300,000
Amount Spend=$140,000
Let plug in the formula
Profit =300,000-140,000
Profit =160,000
Therefore the car dealership's profit will be $160,000
Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices. All stores are located in the United States, predominantly in small towns in 24 midwestern and south eastern states. In the current year, the company reported average inventories of $ 1,668 million and an inventory turnover ratio of 8.0.
Fixed assets turnover ratio = 9.04 Net sales / Avera.
This ratio divides net sales by net fixed assets, calculated over an annual period. The net fixed assets include the amount of property,
Using Fixed Assets turnover ratio, we can find the net sale
Fixed Assets turnover = Net sale/Average fixed assets
$ 2,098 Net sale/1218674000
Net sale is=$ 2,098 × 1218674000
Net Sales is=$ 9.140.055000
Learn more about turnover ratio here
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Answer:
c. $480,000
Explanation:
Cost of goods manufactured $
Direct materials used 120,000
Direct labor 200,000
Manufacturing overhead 150,000
Beginning work in process 20,000
Ending work in process <u> 10,000 </u>
Cost of goods manufactured <u> 480,000 </u>
So, Correct option is c. $480,000
