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lbvjy [14]
3 years ago
14

Fruit Tech has $530,000.00 in total sales and $460,000.00 in operating expenses. What is the company’s profit?

Business
2 answers:
Hunter-Best [27]3 years ago
6 0
$70,000.00, all you have to do is subtract $460,000.00 from $530,000.00
Yuri [45]3 years ago
3 0

Answer:$70,000.00

Explanation:

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Mr. Etemadi has prepared the following list of statements about service companies and merchandisers.
lions [1.4K]

Answer:

1.True

2.False

3.True

4.True

5.False

6.False

7.True

8.False

Explanation:

1. Measuring net income for a merchandiser is conceptually the same as for a service company.

Net Income = Sales - Expenses

2. For a merchandiser, sales less operating expenses is called gross profit.

Gross Profit = Sales less Cost of Sales

3. For a merchandiser, the primary source of revenues is the sale of inventory.

Merchandiser purchases inventory for resale.

4. Sales salaries and wages is an example of an operating expense.

Operating Expenses are expenses incurred to derive income in primary activities of a company

5. The operating cycle of a merchandiser is the same as that of a service company.

The service company can have client work outstanding at end of year but this differs from that of a merchandiser

6. In a perpetual inventory system, no detailed inventory records of goods on hand are maintained.

Detailed records are kept after every sale

7. In a periodic inventory system, the cost of goods sold is determined only at the end of the accounting period.

After a given period cost of sales and inventory balances are determined -opposite of perpetual

8. A periodic inventory system provides better control over inventories than a perpetual system.

Perpetual is even better as it keeps track of both inventory and cost of goods sold after every sale

6 0
3 years ago
Kari is on a trip to italy. she has made a list of cities she would like to tour while she is there, as well as how much she exp
stealth61 [152]

Based on the amount budgeted and the cost of sight seeing, kari has almost exactly enough left in her budget to see genoa.

<h3>Which city should Kari see?</h3>

Exchange rate is the rate at which one currency is exchanged for another currency. In ths question, 1 dollar is exchange for 0.6859 euros.

  • The first step is to convert the amount budgeted to Euros: 585 x 0.6859 =  401.25
  • Cost in Euro of seeing Naples : 0.6859 x 71.06 = £48.74
  • Cost in Euro of seeing Venice : 0.6859 x 113.38 = £77.77
  • Total cost of the sightseeing =  £48.74 + £77.77 + £68.77+ £95.41 + £49.69  + £60.85 = £401.25

To learn more about exchange rate, please check: brainly.com/question/13717814

#SPJ4

4 0
2 years ago
Which are factors that both budget constraint diagrams and production possibilities frontier diagrams highlight
Jobisdone [24]

Answer:

scarcity, tradeoffs, efficiency, and opportunity costs.

7 0
2 years ago
"what are the three business functions an mis infrastructure supports?"
kvv77 [185]

The three functions of business which MIS infrastructure supports includes;

1. Support information change.

2. Business continuity planning.

3. Change.

MIS means that Management Information System. There are MIS infrastructure components which are sustainable.

For example, Virtualization, Grid computing, and cloud computing.

7 0
3 years ago
Read 2 more answers
Bob has a $50,000 stock portfolio with a beta of 1.2, an expected return of 10.8%, and a standard deviation of 25%. Becky also h
4vir4ik [10]

Answer:

Combined Beta =  1

Combined return = 10%

Explanation:

given data

stock portfolio = $50,000

beta = 1.2

expected return = 10.8%

beta = 0.8

expected return = 9.2%

standard deviation = 25%

to find out

combination

solution

we get here first Combined Beta that is express as

Combined Beta = 1.2 × 50% + 0.8 × 50%

Combined Beta =  1

and

Combined return will be here

Combined return = 10.8 × 50% + 9.2 × 50%

Combined return = 10%

5 0
3 years ago
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