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Alex_Xolod [135]
3 years ago
7

Acme Manufacturing Company’s controller was classifying costs for the most recent financial statement period. Which of the follo

wing should be excluded from the calculation of gross margin? Group of answer choices Factory worker wages. Materials used in assembling a product. Conveyer belt maintenance for production of all products. Marketing brochure for the company’s new product. None of them
Business
1 answer:
NeTakaya3 years ago
7 0

Answer:

Marketing brochure for the company’s new product

Explanation:

As we know that

Gross profit is a difference between sales and the cost of goods sold

In mathematically,

Gross profit = Sales revenue - cost of goods sold

The cost of goods sold includes the cost related to the material, direct labor, manufacturing overhead, etc

Moreover, it consist of wages of factory workers, maintenance cost

Therefore the marketing brochure is not included in the gross profit as it used to display the company products to the customers

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Answer:

False

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An example of _____ is causing panic selling by telling people that value in a neighborhood will decline due to the purchase of
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<h3>What is blockbusting?</h3>

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2 years ago
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8 0
3 years ago
Marvin Corporation has the following information reported on the balance sheet as of December 31, 2017 Common Stock, $10 par val
SCORPION-xisa [38]

Answer:

  • How many shares of common stock are outstanding?

C. 3,000

Explanation:

Treasury stock, are those that the company repurchase from the market and keep it in the company, in this case the company keep the shares in the accounting and the shares could be reissued in the future.

The company issued 9,000 shares, it is reflected in the Common Stock account,  $90.000 / $10 = 9,000.

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3 0
3 years ago
Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.15, but management expects to reduce the p
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Answer:

the stock price is $58.23

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The computation of the price pay per share today is shown below:

Stock price is

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We simply applied the above formula so that the correct value could come

And, the same is to be considered

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