Based on the sales revenue that the ice cream manufacturer got and the cost of goods sold, the total gross profit on ice cream sales is $300,000.
<h3>How is the total gross profit calculated?</h3>
This can be found as:
= Sales revenue - Cost of goods sold
Sales revenue:
= 200,000 x 4.70
= $940,000
Cost of goods sold:
= Total production cost / Total units produced x Units sold
= 665,600 / 208,000 x 200,000
= $640,000
Gross profit:
= 940,000 - 640,000
= $300,000
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Answer:
just ask your teacher, thats what they are there for
Explanation:
Answer: a. Simplification of reality
Explanation: Simplification of reality is an accurate way to describe what a model is all about. It is a simplified representation used to explain the workings of a real world system or event. In business, as company's plan for making a profit, it identifies the products or services the business will put up for sale, it's target audience, including all expenses it anticipates. For new businesses, models help attract investments, to recruit talent, and in motivating management and staff. In all, businesses revisit and update their business plans so they can anticipate trends and changes and propose methods of meeting them in reality.
Answer:
B. II or III
(Either her passport or Social Security Card)
Explanation:
Yes, as Miranda has left her drivers's license at home, she still can open a checking account. For this particular purpose, an identity vitrification is required which she can provide with the her passport or Social Security Card. Either one them can serve the required purpose of opening a checking account. Therefore, she is not required to produce only the driver's license, consequently, the right option here is B.
Answer:
$35,000
Explanation:
Given that
Insurance = $700,000
Sustained cost = $40,000
Replacement cost = $1,000,000
Policy = 80%
The computation of amount eligible for payment is as shown below:-
Insurance required = Cost of building × Co insurance
=$1,000,000 × 0.80
= $800,000
The amount eligible for payment = (Insurance Carried ÷ Insurance Required) × Loss
= $700,000 ÷ ($1,000,000 × 80%) × ($40,000)
= $700,000 ÷ $800,000 × $40,000
= 0.875 × $35,000
= $35,000