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stepladder [879]
2 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]2 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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Sheila and Vickie are sisters who enter into a contract to buy a vacation property. The sisters get into a dispute, and Vickie n
Pie

Answer:

The correct answer is Novation.

Explanation:

Innovation represents all those transformations that introduce originality and novelty, usually develop more frequently in the economic context, especially when companies implement new products or services that become successful within the market, prevailing in it through advertising.

Innovation is a technique that can solve problems or shortcomings, which can be done through improvement and not just the creation of something new.

3 0
3 years ago
This year Army purchased $3,700 of equipment for use in her business. However, the machine was damaged in a traffic accident whi
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Answer: Check explanation

Explanation:

a. Since Amy bought the equipment for $3700 and sold the equipment for $690, the amount that Amy can deduct for the loss of the equipment will be:

= $3700 - $690

= $3010

b. Here, the amount that Army can deduct for the loss of equipment will be the lesser of the amount Amy bought the equipment which is $3700 or the cost of the repair which is $1370.

Therefore, $1370 will be deducted.

c. After the accident, Army could not replace the equipment so she had the equipment repaired for $4,300. What amount can Army deduct for the loss of the equipment?

Here, the amount that Army can deduct for the loss of equipment will be the lesser of the amount Amy bought the equipment which is $3700 or the cost of the repair which is $4300.

Therefore, $4300 will be deducted.

4 0
3 years ago
Does GDP tell the right story ? Essay
Alexandra [31]

Answer:

e quasi

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6 0
3 years ago
Which of the following are laws which protect workers?
viva [34]

Answer:

The Equal Employment Opportunity Commission (EEOC) enforces federal laws prohibiting employment discrimination. These laws protect employees and job applicants against: Discrimination, harassment, and unfair treatment in the workplace by anyone because of: Race.

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6 0
3 years ago
Daniela Fletcher owns undeveloped land (adjusted basis of $80,000 and fair market value of $92,000) on the East Coast. On Januar
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Explanation:

a.

<u>for tanya</u>:

<u>realized gain</u>

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= 92000 - 80000

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<u>recognized gain:</u>

this is what she received = $3000

<u>adjusted basis: </u>

= realized gain - recognized gain

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b. for martins;

<u>realized gain</u>

= 92000 - his adjusted basis

= 92000 - (72000 + 3000)

= 92000 - 75000

= $17000

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= $75,000

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7 0
2 years ago
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