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3 years ago

A new business has total net sales of $5,000 and the cost of goods sold is $3000. What is the total gross margin from sales?

Business

1 answer:

irakobra [83]3 years ago

8 0

Gross margin from sales equals net sales minus cost of goods sold.

In this case 5000 - 3000 = 2000

Gross margin is how much money from sales will be added to overall profitability to pay other expenses, basically how much above the cost of selling the goods do we make at the sales price we are charging.

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Splish Corporation has retained earnings of $721,100 at January 1, 2020. Net income during 2020 was $1,562,700, and cash dividen

Vitek1552 [10]

Answer and Explanation:

The preparation of the retained earnings statement is presented below:

Opening retained earning balance $721,100

Add: prior period adjustment $86,370

Add: net income $1,562,700

Less: dividend paid $79,000

Ending retained earnings $2,291,170

The above items would be added and deducted that increase and decrease the retained earnings balance

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2 years ago

The Z−90 project being considered by Steppingstone Incorporated (SI) has an up-front cost of $250,000. The project's subsequent

LekaFEV [45]

Answer:

The right solution is Option a (-$6,678).

Explanation:

Given that:

Up-front cost,

= $250,000

Expected cash flows,

= $110,000

Assuming cost of capital,

= 12%

Now,

The expected net present value will be:

= $250000+0.5\times (110000+25000)\times \frac{1}{12 \ percent}\times (1-\frac{1}{1.12^5} )$

= $250000+0.5\times (135000)\times \frac{1}{12 \ percent}\times (1-\frac{1}{1.12^5} )$

= $-6,678$ ($)

5 0

3 years ago

Where are americans from

sergejj [24]

Answer:

America

Explanation:

7 0

2 years ago

Read 2 more answers

Saltdust Grill is known as the premier restaurant in town. With its elegant dining area, extensive wine list, and gourmet chef,

Oliga [24]

Answer:

D) delivery

Explanation:

A delivery gap in service quality refers to the difference between the actual delivery of a good or service versus the service delivery policies. In other words, it is the difference between reality and theory.

Theoretically Saltdust should be a premier restaurant and serve delicious dishes, but in reality its service is not that good.

8 0

3 years ago

Julio produces two types of calculator, standard and deluxe. The company is currently using a traditional costing system with ma

Julli [10]

Answer:

Results are below.

Explanation:

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 313,020 / 58,000

Predetermined manufacturing overhead rate= $5.4 per machine hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Standard= 5.4*26,500= $143,100

Deluxe= 5.4*31,500= $170,100

First, we need to calculate the allocation rates:

Material handling= 183,750 / 1,550= $118.55 per material moves

Setup= 179,180 / 660= $271.48 per setup

Now, we can allocate overhead:

Standard= 118.55*625 + 271.48*85= $97,169.55

Deluxe= 118.55*925 + 271.48*575= $265,759.75

8 0

2 years ago