Answer:
Cost of goods sold =$61,5300
Gross Profit = $144,700
Explanation:
Given the information:
- Purchase : $630,000
- Purchase Returns and Allowances $25,700
- Prchases Discounts $10,900
- Freight-In $18,300
- beginning inventory of $45,000
- ending inventory of $64,600
- net sales of $760,000
As we the, the fomular for total Goods Available for Sale
=
Beginning Inventory + Purchases + Freight-In - Purchase Returns and Allowances - Purchases Discounts
= $45,000 + $630,000 + $18,300 - $25,700 - $10,900
= $67,9900
=> Cost of goods sold = Total Goods Available for Sale - ending inventory
= $67,9900 - $64,600
= $61,5300
=> Gross Profit = Net sales - Cost of goods sold
= $760,000 - $61,5300
= $144,700
Hope it will find you well.
Answer:
c) 10% more peanut butter on the shelves
Explanation:
Since peanut butter has a negative income elasticity of demand (-0.5) with a decrease in income, there should be an increase in the demand. This is usually true for cheaper goods or goods with low added value. The change in demand (D) is represented as follows:
As a result, you should stock 10% more peanut butter on the shelves.
The answer is c).
(d.) ECONOMIES OF SCALE
Economies of scale is achieved when the average goods and services decrease whereas the volume of the goods and services increases.
Diseconomies of scale is achieved when the average unit cost of goods and services increases with the increase in the volume of goods and services.
Answer: $400,000
Explanation:
Only stock that are ISSUED are to be paid dividends on NOT those Authorized.
Even after that, we would still have to remove the Treasury stock because Treasury Stock is stock that was PREVIOUSLY outstanding but was repurchased by the company and so Dividends will not be paid on them.
So now we calculate the Shares Outstanding that are liable for Dividend payment.
That would be,
= 360,000 - 160,000(Treasury Stock)
= 200,000 shares will have dividends paid to them.
Since the dividends are $2.00 per share we then have,
= 200,000 * 2
= $400,000
$400,000 is the total amount of the dividend that will be paid.
Answer:
Unitary cost= $176.7
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (488,400/74,000) + 2.7
Predetermined manufacturing overhead rate= $9.3
<u>Now, we can determine the total cost for Job A496:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Total cost= 930 + 1,860 + (9.3*80)
Total cost= $3,534
<u>Finally, the unitary cost:</u>
Unitary cost= 3,534/20
Unitary cost= $176.7
