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Dafna1 [17]
4 years ago
9

Jermaine Dye Corporation acquired two inventory items at a lump-sum cost of $50,000. The acquisition included 3,000 units of pro

duct LF, and 7,000 units of product 1B. LF normally sells for $15 per unit, and 1B for $5 per unit. If Dye sells 1,000 units of LF, what amount of gross profit should it recognize?
Business
1 answer:
vesna_86 [32]4 years ago
5 0

Answer:

Gross profit=15,000-9,375=$5,625

Explanation:

Gross profit can be calculated by the any corporation as follows:

Gross profit: Sales- Cost of sales

In given scenario, sales and cost of sales can be determined as follows:

Sales=Number of LF units sold by Jermaine Dye Corporation*sale price per unit of LF

       =1,000*15=$15,000

The corporation is selling LF for 15$ which is 3 times the price at which it is selling 1B and assuming that the entity is earning same gross profit margin on both products, then cost of sales can be determined as follows:

Lets say that cost of one unit of "1B" is "z" then the cost of one unit of "LF" will be "3z" and following equation can be formed for cost of sales:

3,000(3z)+7,000(z)=50,000

9000z+7000z=50,000

16,000z=50,000

z=$3.125(50,000/16,000)=cost of one unit of 1B

Cost for one unit of LF=3*3.125=$9.375

Cost of sales for 1,000 units=9.375*1000=$9,375

Gross profit=15,000-9,375=$5,625

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Assume the world market for oil is competitive and that the marginal cost of producing​ (extracting and bringing to​ market) ano
jenyasd209 [6]

Answer: c). decreases by $1.80

Explanation: Economic surplus is the sum of consumer surplus and producer surplus. When the marginal benefit is less than marginal cost, producing one more unit will lower the economic surplus by and amount equal to the difference between marginal benefit and marginal cost.

Economic surplus = Marginal benefit - Marginal cost  = $80.00 - $81.80  = - $1.80

Therefore, economic surplus decreases by $1.80, which is option c.

4 0
3 years ago
In ______, the organization is either trying to get people inside the company to apply for different job openings or to get outs
Finger [1]

Answer:

The answer is recruiting

Explanation:

Recruitment is a process of finding and attracting the potential resources for filling up the vacant positions in an organization, these resources can be from within the organization or from outside the organization.

6 0
3 years ago
Scrapper Elevator Company has 20 sales representatives who sell its product throughout the United States and Canada. The number
dezoksy [38]

The mean ls the average of a distribution obtained by taking the ratio of the sum and the frequency. The mean and standard deviation values of the distribution are 3.30 and 1.26 respectively.

We know,

  • Mean, μ = ΣX/ n
  • Standard deviation = √variance

To calculate mean and variance :-

X = 2,3,2,3,3,4,2,4,3,2,2,7,3,4,5,3,3,3,3,5

  • ΣX = sum of X = 66
  • n = sample size = 20

As, Mean = sum of x / sample size

66 / 20 = 3.3

Mean = 3.3

The variance = [Σ(X - μ)²] ÷ (n - 1)

Variance = [Σ(X - μ)²] ÷ (n - 1)

= (30.2) / 19 = 1.589

The standard deviation = √variance

= √1.589

= 1.26

Standard deviation =  1.26

Therefore,

The mean and standard deviation values are 3.3 and 1.26.

To know more about mean and standard deviation, click the links.

brainly.com/question/475676

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Correct Question - Scrapper Elevator Company has 20 sales representatives who sell its product throughout the United States and Canada. The number of units sold last month by each representative is listed below. Assume these sales figures to be the population values. 2,3,2,3,3,4,2,4,3,2,2,7,3,4,5,3,3,3,3,51. Compute the mean of the population.2. Compute the standard deviation.3. what would be the mean of the sample means?4. what would be the standard deviation of the sample means?

3 0
2 years ago
Economist A says all of the following: The economy needs expansionary fiscal policy to remove it from a recessionary gap. Govern
lana [24]

Answer:

The correct answer is:

Government should either raise its <u>expenditures</u> or cut<u> taxes</u>. I believe the government spending multiplier is <u>greater</u> than the tax multiplier, so I favor <u>this policy</u>.

Explanation:

To begin with, an <em>"expansionary fiscal policy" </em>represents the tool that a government has in order to give response to a recessionary context in where the economy is falling down by decreasing its production. That is why, that in this type of policy the actions that are to be taken comprehends the reduction of taxes that the public sector collects from the private sector and also to increase the public expenditures that the government has with the purpose to estimulate the demand and offer of goods.  

4 0
3 years ago
HELP!!!
Maksim231197 [3]
The answer is:

B Because idk
4 0
3 years ago
Read 2 more answers
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