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stepladder [879]
3 years ago
6

Question 11 Financial information is presented below: Operating expenses $ 33000 Sales returns and allowances 5000 Sales discoun

ts 3000 Sales revenue 156000 Cost of goods sold 110000 Gross profit would be $43000. $41000. $38000. $46000.
Business
1 answer:
Sergeeva-Olga [200]3 years ago
7 0

Answer:

$38,000

Explanation:

in order to determine gross profit we must prepare the following:

total revenue                    $156,000

-cost of goods sold         ($110,000)

-sales discounts                ($3,000)

<u>-sales returns & allow.      ($5,000)</u>

gross profit                       $38,000

operating expenses ($33,000) are not included in the calculation of gross profit

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When a firm uses retained profits to invest in more energy efficient equipment, an economist would calculate the _______________
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opportunity cost

Explanation:

When a firm uses retained profits to invest in more energy efficient equipment, an economist would calculate the opportunity cost of investing in physical capital.

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2 years ago
The last department in a production process shows the following information at the end of the period: Units Beginning Work in Pr
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Answer:

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Explanation:

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8 0
3 years ago
sing the preceding information, answer the following questions: (Note: Round your answers to the nearest millionth dollar.) • Wh
DedPeter [7]

Answer:

$20 million is expected to have cash balance at the end of the year.

$39 million is the maximum possible investment funds that company is expected to invest.

Yes it is true net cash flow is likely to decrease in the next quarter if the company allows customer to pay in 90 days instead of 60 days.

4 0
3 years ago
The following book and fair values were available for Westmont Company as of March 1.
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Answer:

DR Inventory                                        $609,000  

     Land                                                 $1,086,750  

     Buildings                                         $2,138,250  

     Customer Relationships                $842,250  

     Goodwill                                           $965,750  

CR Accounts Payable                                           $102,000  

       Common Stock                                                       $56,400

       Additional Paid-In Capital                                     $1,353,600

        Cash                                                                       $4,130,000

Working

Common Stock = 28,200 shares * $2 = $56,400

Additional Paid in Cap = 28,200 shares * ( 50 - 2) = $1,353,600

DR Additional Paid-In Capital                            $32,400

CR Cash                                                                                $32,400

DR Professional Services Expense                   $49,800

CR Cash                                                                                $49,800

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podryga [215]

Answer:

C.

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Steps:

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-Differentiation. A market coverage strategy in which a firm decides to to target several market segments and desing separate offers for each. Focus on how the company can create differentiated value for targeted segments.

-Positioning. The way the product is defined by consumers on important attributes. The place the product occupies in consumers’ mind relative to competing products.

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