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mina [271]
3 years ago
6

Johnson, Inc. has just ended the calendar year making a sale in the amount of $10,000 of merchandise purchased during the year a

t a total cost of $7,000. Although the firm paid in full for the merchandise during the year, it has yet to collect at year end from the customer. The net profit and cash flow from this sale for the year are
Business
1 answer:
Alexxx [7]3 years ago
7 0

Answer:

The net profit = $ 3,000

Cash flow from the sale for the year = - $ 7,000

Explanation:

Given:

Total sales = $ 10,000

Total cost of the merchandise purchased = $ 7,000

Therefore, the net profit = Total sales - Purchase cost of the merchandise

or

The net profit = $ 10,000 - $ 7,000

ot

The net profit = $ 3,000

Since,the cash is not collected yet,

Therefore, the cash flow = account receivable = - $ 7,000

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Which of the following is the last step in creating budget
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The following information is available for MVF Company(dollar amounts are in millions)
Klio2033 [76]

Answer:

                                           2016            2015          2014           2013

gross profit%                     26.29%        22.58%      22.45%     22.41%

Inventory turnover          6.58               7.64            7.6             7.94

cost of material %          59.89%       51.76%         89.82%       51.10

b. gross%  has increased this may be due to a high demand, and intense marketing.

inventory turnover has decreased this may be due to new competition, or introduced product(new product)

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Explanation:

gross profit % =gross profit/ sales

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4 0
3 years ago
What are some of the troubles that could occur in the economy if inflation rate got as high as 8% or 10% per year?
andrezito [222]

Answer:

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1) Foreign investors will avoid the country.

2) Money losses value very fast causing an increase in the prices of goods and services.

3) The economy becomes unstable making the the government leaders to loose credibility.

Explanation:

The type of inflation that gets as high as 8% or 10% is called Galloping inflation.

Some of the troubles that could occur in the economy if inflation rate get as high as 8% or 10% per year are:

1) Foreign investors will avoid the country.

2) Money losses value very fast causing an increase in the prices of goods and services.

3) The economy becomes unstable making the the government leaders to loose credibility.

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3 years ago
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kipiarov [429]

Answer:

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