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allsm [11]
3 years ago
10

A textbook publisher produces a textbook for $25 per book and sells a lot of 160 to the Campus Bookstore for $50 per unit. The b

ookstore sells the textbook new for $75 and used for $60. This edition of the book is used for 2 years (4 semesters). The bookstore sells all textbooks that it has at the beginning each semester, and it repurchases 50% of those at the end of each semester for $30. What is the net profit for the publisher (sales - costs) over the life of this 160-unit lot of textbooks
Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
8 0

Answer:

$4,000

Explanation:

The net profit of the publisher over the useful life of the 160-unit lot of textbooks is the difference between his selling price to the bookstore and the cost incurred multiplied by the number of unit.

Hence the net profit of the publisher

= 160( $50 - $25)

= 160 * $25

= $4,000

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The question of when revenue should be recognized on the income statement according to GAAP is addressed by the:
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Answer:

a. Revenue recognition principle

Explanation:

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It is not recorded when the cash is actually received.

When the sale is made, the same is to be shown in the books of accounts

Therefore as per the GAAP, the revenue should be addressed by revenue recognition

hence, the correct option is a.

4 0
3 years ago
A stock is expected to pay the following dividends per share over the next four​ years, respectively: ​ $0.00, $2.30,​ 2.60, and
Snowcat [4.5K]

Answer:

present value of stoke combine equation is $82.43

Explanation:

Given data

no of period = 4

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to find out

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solution

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now we calculate

present value 2nd year dividend is = 2.30 / (1+0.06)^2

present value 2nd year dividend is = $2.05   ............2

present value 3rd year dividend is = 2.60 / (1+0.06)^3

present value 3rd year dividend is = $2.18    ..............3

present value 4th year dividend is = 95.83 / (1+0.06)^4

present value 4th year dividend is = $75.91    ..............4

present value of stoke  combine equation 1 + 2 + 3 + 4

present value of stoke  combine equation = 2.05 + 2.18 + 2.30 + 75.91

present value of stoke combine equation is $82.43

3 0
3 years ago
Which of the following would be the most desirable wording to use on a résumé? Created a first-place science fair project. I won
eimsori [14]

Answer:

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Explanation:

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Which of the following does NOT hinder development for less-developed countries
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Create a bulleted list of four possible interests a person could have.
LUCKY_DIMON [66]

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