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Phantasy [73]
3 years ago
10

Net sales is found by

Business
1 answer:
dmitriy555 [2]3 years ago
4 0
Is there a list of answers to choose from like A B C D? I would assume it would be something like the total amount gained after all expenses are taken into account. Example: After cost of the item that the store purchased it at, labor, electricity, etc. At least that's how we figured it out when I used to work fast food. Hope this helps. 
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Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.
qwelly [4]

Answer:

<u>Cost of goods manufactured schedule for Case1</u>

Opening Work In Process                  $1,000

Add Total Manufacturing Costs       $16,000

Less Ending Work In Process          ($3,000)

Cost of goods manufactured           $14,000

<u>Income statement for Case 1</u>

Sales                                                                                              $24,500

Less Sales discounts                                                                     ($2,500)

Net Sales Revenue                                                                       $22,000

Less Cost of Goods Sold

Beginning Finished Goods Inventory                 $3,300

Add Cost of goods manufactured                     $14,000

Less Ending Finished Goods Inventory            ($3,400)          ($13,900)

Gross Profit                                                                                     $8,100

Less Operating expenses                                                           ($2,500)

Net Income                                                                                    $2,500

<u>Current assets section :</u>

Inventory :

    Raw Materials                                      $600

    Work In Process                               $3,000

    Finished Goods                                $3,400

Receivables (net)                                 $15,000

Prepaid Expenses                                    $400

Cash                                                      $4,000

Total Current Assets                          $26,400

Explanation:

Part b

Cost of Goods Manufactured = Opening Work In Process + Total Manufacturing Costs - Ending Work In Process

Part c

Income statement shows the Profit earned during the reporting period

Profit = Gross Profit - Operating expenses

Part d

The current assets section will include assets of a short term nature (not exceeding a period of 12 months). For a manufacturing company, it is important to show each inventory balance in the inventory categories of Raw Materials, Work In Process and Finished Goods among other items.

Note : Current Assets are shown in their order of liquidity in the Balance Sheet as above.

3 0
3 years ago
GAME DESIGN HELP!!! WILL MARK BRAINLIEST
OLga [1]
Question 1- First Person- First person<span> in a video game is when you see through the eyes of the protagonist. </span>
Question 2- Narrative Immersion- Narrative immersion occurs when a player becomes invested in the game and it's characters.
Question 3- Avatar-  Avatars are the graphic representation of the user or their character. 
4 0
3 years ago
Maureen, the owner of a boutique, studies the spending pattern and consumer behavior of the people in the area in which her stor
babymother [125]

Answer:Environmental Scanning

Explanation: Environmental Scanning is the process of acquiring information about trends, patterns, occasions and relationships related to a business' internal and external surroundings. The function of doing this is to confirm forecasts of internal and external elements that will affect a business' success. It also helps managers, such as Maureen, to identify threats and opportunities that are present in the environment. And in doing so Maureen is then able to decide the future path of her business.

8 0
3 years ago
A product is currently made in a process-focused shop where fixed costs are $10,000 per year, and variable cost is $50 per unit.
Goryan [66]

Answer:

Break even point will be 50 units

So option (D) will be correct answer

Explanation:

We have given fixed cost = $10000 per year

Variable cost is $50 per unit

Selling price = $250 per unit

We have to find the break even point for the operation

We know that break even point is equal to

Break even point =\frac{fixed\ cost}{selling\ price-variable \ cost}=\frac{10000}{250-50}=\frac{10000}{200}=50unit

So break even point will be equal to 50 units

So option (D) will be correct answer

7 0
3 years ago
For its three investment centers, Gerrard Company accumulates the following data: I II III Sales $2,060,000 $4,019,000 $4,085,00
Andrej [43]

Answer:

Investment centre           ROI

1                                    24.9%

II                                   32.0%

III                                 34.0%

Explanation:

<em>Return on Investment is the proportion of operating assets that an investment center earned as as net operating income. </em>

It is calculated as follows

ROI = operating income/operating assets

Investment centre

I                                            1,267,000/5,068,000=24.9%

II                                              2,579,840/8,062,000=32.0%

III                                          4,137,800/12,170,000=34.0%

7 0
3 years ago
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