Answer:
34.285%
Explanation:
<u> Income Statement : </u>
<u>Particular Amount</u>
Sales $175,000
<u>Less: Cost of goods sold $115,000
</u>
<u>Gross profit $ 60,000
</u>
Gross profit Margin = [(Net Sales - cost of goods sold) / Net Sales]100
Gross profit Margin = [($175,000 - $115,000) / $175,000] 100
Gross profit Margin = [$60,000 / $175,000]100
Gross profit Margin = [0.34285]100
Gross profit Margin = 34.285%
Answer:
The company should recognize $2,000 in revenue.
Explanation:
The accrual principle in accounting states that revenues should match expenses. While the company received $5,000 in cash from the customer, in the current month, it will only have delivered $3,000 in products. In other words, it will only have incurred in the expenses necessary to deliver those $3,000.
For that reason, for the current month, the company will only recognize $3,000 in revenue, while the following month, it will recognize the remaining $2,000.
Answer:
Answer is option C, i.e. Nonoccupational Basis.
Explanation:
When an injury is caused due to accidents while in the occupational role, then many organizations provide for the contract that is also considered as a form of insurance to cover the loss of the injury, that has resulted as a result of an occupational accident. These insurance are commonly known as Disability Income contracts or disability insurance. These are sanctioned to a person who has lost his/her occupation due to the injury caused in the accident while at work. Hence, the answer is option C.
The kind of business that would use the specific identification method of inventory costing includes:
- Car dealerships
- Jewelry stores
- Art galleries
- Furniture stores
<h3>
What is specific identification method to inventory?</h3>
Specific identification method to inventory are often use by companies and be defined as the process in which each inventory is specify or identify for easy tracking.
Companies tend to use this method when they want to track each items they have in their inventory.
Therefore the kind of business that would use the specific identification method of inventory costing includes: car dealerships.
Learn more about Specific identification method here:brainly.com/question/25056275
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Answer: C) guilty of hostile work environment sexual harassment.
Explanation: A hostile work environment is a work environment where one or more persons act in such a way to offend or provoke anger in other persons. The activities of Joy towards Elias is hostile as it is against the will of Elias.
Sexual harassment is a term used to describe any action taken to solicit for sex,sexual behaviour or touch the private parts of others in embarrassing manner. THE ACTIVITIES OF JOY MAKING HER TO SOLICIT SEXUAL BEHAVIOUR FROM ELIAS IS A SEXUAL HARASSMENT AND WHEN PROVEN IN THE COURTS SHE SHALL BE FOUND GUILTY.