ANSWER: (A)
EXPLANATION: Gross margin is the difference between revenue and cost of goods sold divided by revenue. Gross margin is expressed as a percentage. Generally, it is calculated as the selling price of an item, less the cost of goods sold. Gross Margin is often used interchangeably with Gross Profit, but the terms are different.
Answer:
Panda Cafe's cash provided by operating activities is 82.000
Explanation:
The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.
It depends on the account if it is added or subtracted to net income. In this case , all of them are added to the net income.
Net income 69.000
Adjustment to reconcile the net income to cash
+ Depreciation expense 3.000
+ Increase in current liabilities 8.000
+ Current assets decreased 2.000
Net cash 82.000
The amount that McClelland Company should record the machine upon purchase is<u> $56,505.</u>
<h3>Recording the transaction</h3>
The proper way to record the transaction based on U.S. GAAP polices is to debit the Machine account with the price of $56,505 as this represents the market value of the machine.
The company should also credit the Notes payable account with $70,000 being the value of the note acquired. A debit will go to the Discount on Note account for $13,495 which is the difference between the note and value of machine.
Find out more on recording Notes Payable at brainly.com/question/17073934.
Answer:
Unilateral contract
Explanation:
An unilateral contract is a contract that can only be enforced when the performing party performs the action that he agreed upon. It is only when this actions is completed, that the offering party is obliged to make a payment.
In this case, your boss has offered $75 if you clean the pool. This is an unilateral contract because your boss is only obliged to pay that money once you finished cleaning the pool. If you never clean the pool, you simply will not receive the $75.
Albertson's grocery planned a big sale on apples and received 910 crates from the wholesale market. The bags of apples prepared is mathematically given as
x= 8 bags
This is further explained below.
<h3>How many bags of apples can be prepared?</h3>
Generally, A economy is a place where customers can meet to allow the flow of money transfer of goods and services. Markets can be physiological like a retail establishment, or virtual like an e-retailer.
In conclusion, If Albertsons has no loss to perishables, the bags of apples he can prepare are given mathematically as
x=910/110
x= 8.2 bags
x ≈ 8bags
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