Blog Inc., has net sales of $50,000, cost of goods sold of $30,000, and selling expenses of $5,000. Its gross profit is $20,000.
<h3>What is gross profit?</h3>
Gross profit is the profit of a company or an entity after subtracting all the costs that are related to manufacturing and selling its products or services.
Explanation:- Gross Profit = (Net Sales – Cost of Goods Sold)
= ($50,000- $30,000)
= $20,000
Hence, the gross profit of the Blog Inc., would be $20,000.
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The london missionary sent david livingstone to south africa in 1840.
The term economists use to describe a situation in which the economy's overall price level is rising is inflation.
<h3>What is inflation?</h3>
Inflation is the consistent and persistence rise in the prices of goods and services as a result of too much money in circulation.
It is a situation whereby money looses its value over time, hence products generally become more expensive.
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Answer:
Total revenue: $46 million
First year costs: $12 million
Estimated first year costs(EFYC): $28 million
Cost to date for the projec (CTD): $12 million
Given this information, the first thing to do is to calculate the percentage % of completion. The formula is stated below.
Percentage of completion ( CTD / EFYC )
CTD / TEC = (12000000/28000000)
CTD / TEC = (42,85%)
Then multiply the Percentage of completion * Total Revenue
42.85%*46.000.000 to obtain the revenue for period 2.
The loss that the company must present in their statements for year 1 is: Loss for period 1 =$12.000.000
Answer:
Talikastan's exports in 2015 is $ 300.
Explanation:
This question requires us to calculate export of Talikastan. We can easily determine export by putting value in the equation use for calculating gross domestic production of a country.
GDP = consumption + investment + spending + (exports – imports)
8800 = 5300 + 2000 + 1800 + export - 600
Export = $ 300