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Neporo4naja [7]
2 years ago
8

Pederson Company reported the​ following: Manufacturing costs $ 2,800 Units manufactured 56,000 Units sold 44,000 units sold for

$ 75 per unit Beginning inventory 0 units What is the amount of gross profit​ margin?
Business
1 answer:
melamori03 [73]2 years ago
6 0

Answer:

Gross Profit Margin = 3297800

Explanation:

given data

Manufacturing costs = $2,800

Units manufactured = 56,000

Units sold = 44,000

Sale Price  = $75 per unit

Beginning inventory =  0 units

solution

we get here first Manufacturing Cost per unit that is

Manufacturing Cost per unit = Manufacturing Cost ÷ Units Manufactured  ....1

Manufacturing Cost per unit = \frac{2800}{56000}

Manufacturing Cost per unit = $0.05

and Closing Stock will be

Closing Stock = Units Manufactured - unit sold   ........2

Closing Stock = 56,000  - 44,000

Closing Stock =  12000 units

and

Closing Stock Value will be as

Closing Stock Value = Closing Stock  × Manufacturing Cost per unit .........3

Closing Stock Value = 12000 × $0.05

Closing Stock Value = $600

and Sale Value will be

sale value = Units Sold × Sale Price per unit   ............4

sale value = 44,000 × $75

sale value = $3300000

so Gross Profit Margin  will be as

Gross Profit Margin = Sale Value + closing Stock value - Manufacturing cost - opening stock value  ...................5

Gross Profit Margin = $3300000 + $600 - $2,800 - 0

Gross Profit Margin = 3297800

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aliya0001 [1]

Answer:

3.75%

Explanation:

Purchase price of the stock = $32

Total return on the stock:

= Purchase price of the stock × Total return

= 32 × 14.62%

= $4.6784

Dividend gain on the stock:

= Purchase price of the stock + Total return on the stock - capital gain - Purchase price

= $32 + $4.6784  - $3.48  - $32

= $1.1984

Dividend yield:

= Dividend gain on the stock ÷ Purchase price of the stock

= $1.1984 ÷ 32

= 3.75%

7 0
2 years ago
The Allowance for Bad Debts has a credit balance of $ 9 comma 500 before the adjusting entry for bad debts expense. After analyz
Natali5045456 [20]

Answer:

$5,500

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Adjustments to allowance required

= $15,000 - $9,500

= $5,500

The entries to be posted are

Debit Bad debt $5,500

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6 0
3 years ago
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Schach [20]

Answer:

The correct answer is <em>must often target those who are apathetic about or strongly opposed to receiving their services. </em>

Explanation:

A nonprofit organization is formed for the public good. Nonprofit organizations are usually formed for religious, charitable or educational purposes.

Instead, for-profit organizations can be formed to carry out a variety of legal businesses. The main reason for forming a profit organization is to make profits for the owners of the company.

8 0
3 years ago
The amount of oil that is economically feasible to extract from a deposit using current technology is known as ______ oil reserv
strojnjashka [21]

Answer: Proven oil reserves

Explanation:

Proven oil reserves are those that humans can extract oil from given our current technological and economic situations.

Under Proven oil reserves there are those that are Proven developed and those that are Proven Underdeveloped. Proven Developed ones can be extracted from as they come from already existing wells. Proven Underdeveloped however would need further investment to get them ready.

6 0
2 years ago
Michael Pollan discusses ""industrial organic"" agricultural systems in The Omnivore’s Dilemma. What is / are characteristic(s)
Kipish [7]

Answer:

The characteristics of industrial organic agriculture are:

  • economies of scale and mechanization
  • substitution of conventional inputs such as conventional fertilizer with organic fertilizers
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Explanation:

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6 0
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