1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ozzi
4 years ago
10

Heller Company offers an unconditional return policy to its customers. During the current period, the company records total sale

s of $850,000, with a cost of merchandise to Heller of $340,000. Based on past experience, Heller Company expects 4% of sales to be returned. How much gross profit will Heller Company recognize for the current period?
Business
1 answer:
OLga [1]4 years ago
5 0

Answer:

$489,600

Explanation:

Given that,

Total sales = $850,000,

Cost of merchandise to Heller = $340,000

Heller Company expects 4% of sales to be returned

Sales:

= Total sales - Sales returned

= $850,000 - (4% of $850,000)

= $816,000

Cost of goods sold:

= cost of merchandise - (4% of cost of merchandise)

= $340,000 - (4% of $340,000)

= $326,400

Gross Profit:

= Sales - Cost of Good Sold

= $816,000 - $326,400

= $489,600

Therefore, the Heller company will recognize $489,600 of gross profit in the current period.

You might be interested in
If the Marifield Steel Fabrication Company earned $ 500 comma 000 in net income and paid a cash dividend of $ 300 comma 000 to i
NNADVOKAT [17]

Answer:

$5

Explanation:

Earnings per share is the total profit earned by a firm divided by the number of outstanding shares

Earnings per share = earnings / total outstanding shares

$500,000 / 100,000 = $5

6 0
3 years ago
Marketing is defined as an organizational function and a set of processes for creating, communicating, and delivering _____ to c
Mama L [17]

Answer:

The correct answer is <u>value</u>.

Explanation:

Marketing can be defined as a process of selling a product in the market. It involves the collection, analyzing and interpretation of data related to the market, regarding a good or service, or about customers, both past as well as potential.  

It involves understanding the market and the client, then creating and communicating the product that delivers value to the customers.

4 0
4 years ago
A project that cost $80000 with a useful life of 5 years is being considered. Straight-line depreciation is being used and salva
mina [271]

Answer:

8.13%

Explanation:

Annual return = [ (Total FV/Initial investment)^(1/n) ] -1

n = useful life of the project

Total Future Value = (22650*5) +5000

Total FV = $118,250

Initial investment = $80,000

Annual return = [ (118,250/80,000)^(1/5) ] -1

r = [ (1.478125^(1/5)] -1

r = 1.0813 - 1

r = 0.0813 or 8.13%

6 0
3 years ago
A government receives a gift of cash and investments with a fair value of $200,000. The donor specified that the earnings from t
masha68 [24]
<h3>Hello there!</h3>

Your question asks what type of fund should the gift be accounted for.

<h3>Answer: D). Permanent fund</h3>

The reason why answer choice " ). Permanent fund" is the correct answer because the gift "restricts" the government in it's usage, due to the fact that the $200,000 gift and investment must be used to "beautify the city-owned parks."

The $200,000 gift and investments has a specific intention when being used.

The government would therefore keep some of the money from the gift and investments as a "principal" to make more money from it, while using the rest of the money for it's obligated "use" or "benefit".

This would also be known as a Permanent fund because the fund is being used for something that is owned by the government. In this context, the thing that is owned by the government would be the park, due to the fact that the park is "city-owned." The gift is obligated to be used for the "city-owned" park.

<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>
3 0
4 years ago
In a SWOT Analysis, the primary objective of managers participating in this exercise is to:a. identify strategies that exploit e
Anettt [7]

Answer:

a. identify strategies that exploit external opportunities, counter threats, build on strengths, and eradicate weaknesses.

Explanation:

SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats.

It is used to assess an organization's competitive strength and to devise strategies accordingly.

Strengths relate to an organization's specialization which provides a competitive edge to it.

Weaknesses refer to shortcomings or limitations of an organization. Weaknesses could be inherent.

Opportunities refer to favorable situations available at the disposal of the organization which it must seize immediately.

Threats relate to dangers arising out of changes in the business environment.

The aim of SWOT analysis activity is to come up with those strategies which make the most out of available opportunities, overcome threats, further build up strengths and eliminate weaknesses.  

6 0
3 years ago
Other questions:
  • you are working to finish an assigned task in order to meet your ship goal when the co-workers and ask you for your help with so
    14·2 answers
  • (1) Quality of products available in superstore.
    10·1 answer
  • Ethan is planning for his retirement. He has narrowed it down to two investment options. The first is an IRA where monthly payme
    15·1 answer
  • Since​ 2002, health care costs in the united states have risen by an average of​ _____ percent per year.
    10·1 answer
  • To contain health care costs, an employer may increase the employee's deductible amount or co-payments.
    9·1 answer
  • Which position in a business manages cash and cash equivalents?
    10·1 answer
  • You purchased shares of a mutual fund at a price of $20 per share at the beginning of the year and paid a front-end load of 5.75
    10·1 answer
  • At Titus Industries, a middle manager who had just completed her basic probationary period was called by her supervisor for her
    5·1 answer
  • Hows life people and are u failing
    11·1 answer
  • In the RYAN'S RUNNERS MINI CASE, Ryan decides to focus his attention on that segment of the market that is interested in running
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!