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irina [24]
2 years ago
9

a carpet company paid $2496 for an imported rug. Their operating expenses are 35% of cost. if they sell the rug at a clearance p

rice of $3663.60, find the amount of profit or loss
Business
1 answer:
yuradex [85]2 years ago
3 0
I’m not sure but a calculator will help you. Actually you should look up websites that does your homework for u. It’s the best cheat sheet!
You might be interested in
"A property has been assessed at $40,000. The city tax rate is 10 mills, the county tax rate is 9 mills, and the school board le
melamori03 [73]

Answer:

Amount saved by the owner is $225.

Explanation:

given,

the property has been assessed = $40,000

the city tax rate = 10 mills = 0.001

country tax rate = 9 mills = 0.009

school board levy = 9 mills = 0.008

owner gets homestead tax exemption of = ?

Homestead tax exemption is used to same money from paying tax on their property every year.

homestead tax exemption given is  $25,000

Money saved by owner = $25,000 homestead exemption × county tax rate

                                       = $25000 × 0.009

                                       = $ 225

Amount saved by the owner is $225.

3 0
3 years ago
On May 1, 2021, Cedar Corp. paid $432,000 for rent on warehouse space one year in advance. On November 1, 2021, Cedar Corp. ente
lorasvet [3.4K]

Answer: $324,000

Explanation:

Cedar Corp. paid $432,000 for a year in advance. According to the Accrual principle in Accounting, expenses are to be recorded only when incurred.

The rent will therefore have to be apportioned to the months that it has paid for in the current period.

Rent for year = $432,000

Rent for month = 432,000/12 = $36,000

April - December = 9 months

Rent for the year = 9 * 36,000

= $324,000

Note; <em>Question is about Rent expense which is how much Cedar Corp has paid not about how much they have received. </em>

4 0
3 years ago
A company wants to set up a new office in a country where the corporate tax rate is as follows:
evablogger [386]

Answer: taxable income = $162,000

Tax = $46,430

Explanation:

3 0
3 years ago
Which costs will change with a decrease in activity within the relevant range? Select one:
Harman [31]

Answer:

The correct answer is option b.  

Explanation:

The fixed costs refer to that part of the cost of production which is not affected by the volume of activity. The total fixed cost remains constant in the entire production process.

The fixed cost per unit is the ratio of total fixed costs and the level of output. It increases with a decrease in level of activity.

The variable cost is the cost incurred on the variable inputs employed in the process of production. As the level of activity declines the number of variable factors employed will also decline. This will cause the total variable cost to decrease.

6 0
2 years ago
A proposed new investment has projected sales of $832,000. Variable costs are 57 percent of sales, and fixed costs are $187,260;
miskamm [114]

Answer:

The projected net income of the proposed investment is $53,200.

Explanation:

3 0
2 years ago
Read 2 more answers
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