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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.

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Tracking the ____________ over time is important because it is closely tied with other economic variables and provides a general
never [62]

Answer:

The correct answer is: real GDP.

Explanation:

Nominal GDP is the value, at market prices, of the production of final goods and services produced in a country during a certain period of time, which is usually one year, while real GDP is the value of said production at prices constant. This means that the first, the nominal, reflects the increases or decreases in these prices, if there is inflation or deflation, respectively, while real GDP is based on the prices of a year and allows a comparison of the production of a given country. in different periods of time, by isolating the changes in prices, perfectly reflecting the net purchasing power, regardless of price changes over time.

4 0
4 years ago
According to Goldratt: Two activities scheduled to be carried out sequentially and using the same scarce resource benefit from h
zimovet [89]

Answer:

Two activities scheduled to be carried out in parallel and using the same scarce resource are independent.

Explanation:

An Israeli physicist named, Eliyahu M. Goldratt developed the Critical Chain Project Management (CCPM) and introduced it in his book "Critical Chain" in 1997.

The CCPM is a project management methodology used by managers to better manage a project. The CCPM ensures that the project plan is feasible and immune from any uncertainty or statistical fluctuations.

In the CCPM activity network, there are no milestones and all non-critical activities are performed as late as possible.

CCPM adopts the use of drum buffers, so as to ensure extra safety is applied to a project immediately before using constrained resource.

According to Goldratt, two activities scheduled to be carried out in parallel and using the same scarce resource are independent.

6 0
3 years ago
You founded your own firm three years ago. You initially contributed $200,000 of your own money and in return you received 2 mil
Aneli [31]

Answer:

$5 million

Explanation:

Calculation for the post-money valuation of your shares

First step is to calculate the total shares outstanding after the venture capitalist's investment:

Total shares = 2 million shares + 1 million shares + 4 million shares

Total shares = 7 million shares

Second step is to calculate the Amount paid by venture capitalist

Using this formula

Amount paid by venture capitalist = Total value / Number of shares purchased

Let plug in the formula

Amount paid by venture capitalist = $5 million / 4 million shares

Amount paid by venture capitalist = $1.25 per share

Last step is to calculate the post-money valuation

Using this formula

Post-money valuation = Amount paid by venture capitalist * Shares subscribed

Let plug in the formula

Post-money valuation = $1.25 * 4 million shares

Post-money valuation = $5 million

Therefore After the venture capitalist's investment, the post-money valuation of your shares is closest to$5 million

5 0
3 years ago
George offers to sell his car to Suzy for $10,000 on the coming Sunday, to which Suzy agrees. They write down the details on a p
max2010maxim [7]

Answer:

Promissory estoppel

Explanation:

Promissory estoppel means that in legal tenet that a promise or pledge can be enforced by law, actually if formulated without legal consideration, if the George now the (promisor) has made a pledge to a Susy the (promises) who then depends on that promise for a subsequent detriment. So what Promissory estoppel is expected to do is to stop the (George) promisor from insisting that an underlying promise should not be legally authorized or implemented. So Susy can sue George on the basis of promissory estoppel and get a reward for George's disappointment

8 0
3 years ago
_________ is a management blueprint for developing a product or service to customers that will generate revenue.
kolbaska11 [484]

The commercial enterprise model is a control blueprint for growing services or products for clients so one can generate revenue.

An IT blueprint is a planning device or document that a records generation corporation creates with a view to guiding its priorities, tasks, budgets, staffing, and other IT approach-related initiatives.

By using definition, a blueprint is a drawing up of a plan or model. The blueprint attitude allows you to look at all of the portions needed to collect your commercial enterprise before you begin. one of the maximum hard parts of being an entrepreneur is feeling confident in making choices about strategy and direction.

A blueprint is a -dimensional set of drawings that offers a detailed visual representation of the way an architect wants construction to appear. Blueprints normally specify a construction's dimensions, production materials, and the exact placement of all its additives.

Learn more about blueprint here: brainly.com/question/11555839

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5 0
1 year ago
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