All categories

3 years ago

HELP 10 POINTS!!!!!!!!!!!! ONE QUESTION!!!!!!!

Business

1 answer:

8090 [49]3 years ago

3 0

Answer:

Gross profit is a required income statement entry that reflects total revenue minus cost of goods sold (COGS). Gross profit is a company's profit before operating expenses, interest payments and taxes. Gross profit is also known as gross margin

You might be interested in

A treasury___is issued by the US government, and is considered very safe. The options are:

Bumek [7]

The answer is A. bond

8 0

3 years ago

Potential GDP refers to the level of ___________ Select one: a. Nominal GDP in the long run. b. Nominal GDP in the short run. c.

Aloiza [94]

Answer:

c. Real GDP in long run

Explanation:

Potential GDP refers to the level of real GDP in long run.

8 0

3 years ago

Read 2 more answers

Bundle A is strictly preferred to bundle B, and bundle B is strictly preferred to bundle C. If the utility associated with B is

Nadya [2.5K]

Answer: (63, 50, 44)

Explanation:

Utility is the satisfaction that we derive as consumers when we consume or use a certain product.

Since Bundle A is strictly preferred to bundle B, and bundle B is strictly preferred to bundle C, it means that the value of Bundle A must be more than B and C while that of Bundle B must be more than bundle C.

Therefore, the correct option is B which is (63, 50, 44)

3 0

3 years ago

Bob owns a trout farm with monopoly power in north carolina. bob's optimal output occurs where marginal revenue ________. becaus

VladimirAG [237]

The right answer is C. marginal revenue equals marginal cost; is upward-sloping. Marginal revenue is the amount that revenue increases if someone sells one more unit of their product. When there's competition, every unit has the same price, but when there's a monopoly, you have to make cheaper every other unit to sell one more

4 0

3 years ago

Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this y

kakasveta [241]

Answer:

Results are below.

Explanation:

Absorption vs Variable costing method

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

1) First, we need to calculate the total unitary variable cost:

Unitary production variable cost= 35 + 55 + 40= $130

Selling and administrative costs for the year Variable $ 725,000

Unitary total variable cost= 130 + (725,000 / 80,000)= $139.06

Now, the variable income statement:

Sales= 80,000*350= 28,000,000

Total variable cost= (80,000*139.06)=(11,124,800)

Total contribution margin= 16,875,200

Fixed overhead= (6,600,000)

Fixed Selling and administrative costs = (4,250,000)

Net operating income= 6,025,200

2) First, we need to calculate the unitary production cost:

Unitary production cost= 130 + (6,600,000/110,000)= $190

Now, the absorption costing income statement:

Sales= 28,000,000

COGS= 80,000*190= (15,200,000)

Gross profit= 12,800,000

Total Selling and administrative costs= (725,000 + 4,250,000)= (4,975,000)

Net operating income= 7,825,000

5 0

3 years ago