1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Two securities have a covariance of 0.022. If their correlation coefficient is 0.52 and one has a standard deviation of 15%, wha
ira [324]

Answer: 28.2%

Explanation:

Correlation Coefficient = Covariance / (Standard deviation of Security A * Standard deviation of Security B)

0.52 = 0.022 /( 15% * σ)

(15% * σ) * 0.52 = 0.022

15% * σ = 0.022 / 0.52

σ = 0.0423/15%

= 28.2%

3 0
2 years ago
Two roadway design are under consideration. Design 1A will cost $3 million to build and $100,000 per year to maintain. Design 1B
melomori [17]

Answer:

hhhh

Explanation:

6 0
3 years ago
Johnny is a sophomore in college and has a 1.5 cumulative grade point average (GPA). Johnny's cumulative GPA will fall even furt
Debora [2.8K]

Answer: B

Explanation:

With the options given, Johnny can only perform worse if he performs worse than his cumulative GPA and also if he performed less than he ever performed before. The last option about Johnny's performing worse than last semester might not necessarily have an effect on his GPA. A cumulative GPA is the total GPA Johnny has gotten since he started school. The last semester might be one of his best semesters and probably had a good result so getting a result slightly lower than his last semester might not necessarily mean there will be a reduction in his cumulative GPA. So option B is correct.

6 0
3 years ago
The following proceeds received by Grove City in year 1 are legally restricted to expenditure for specified purposes: Donation b
tatiyna

Answer:

The $1,200,000 should be accounted for in Grove’s special revenue funds

Explanation:

Special revenue fund: The special revenue fund is a fund that is introduced by the government to collect the money from the public. It is made to fulfill the need for specific purposes/ projects.  

The computation of special revenue funds is shown below:

= Income received for providing the meals to the needy people + financing of sales tax with respect to tourist facilities maintenance in the shopping district

= $300,000 + $900,000

= $1,200,000

4 0
3 years ago
Why are the incoming mails registered in the office? Give reasons,​
shepuryov [24]

Answer:

because they send the mail to you as it enter the mail or mailbox is a delivery

6 0
3 years ago
Other questions:
  • Michael keeps looking for his keys on the kitchen table, where he usually leaves them. eventually, he checks in his pocket and f
    10·1 answer
  • Which of the following groups is characterized by a strong belief in the literal truth of the Bible, a very strong commitment to
    5·1 answer
  • Which of the following transactions would be least likely to have an effect on the net income for 2020? A : Stock purchased in 2
    12·1 answer
  • 3. Why does the infant mortality rate relate to a country's level of development?
    6·2 answers
  • A company revealed the following figures: Sales revenue $2,240,000 Contribution margin $560,000 Net operating income $410,000 Ho
    15·1 answer
  • Define a quality cycle​
    15·1 answer
  • 4) The management of Stanforth Corporation is investigating automating a process. Old equipment, with a current salvage value of
    9·1 answer
  • A copy machine is available 24 hours a day. On a typical day, the machine produces 80 jobs. Each job takes about 2 minutes on th
    12·1 answer
  • An electronics company makes communications devices for military contracts. The company just completed two contracts. The navy c
    7·1 answer
  • Select the appropriate response
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!