Answer:
22.22%
Explanation:
The calculation of percentage in sales is shown below:-
Increase in profit required = $25,000 - $15,000
= $10,000
To achieve a profit $10,000, the required sales increases
= $10000 ÷ 18%
= $55,555.55
Percentage increase in sale = Required sales ÷ Sales of current situation
= $55,555.55 ÷ $250,000
= 22.22%
So, for computing the percentage increase in sales we simply applied the above formula.
Answer:
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Answer:
Cost of goods sold = $330,520
Gross profit = $358,050
Net Income = $192,790
Explanation:
Cost of goods sold = Beginning inventory of FG + Cost of goods manufactured - Ending inventory of FG
Cost of goods sold = $77,810+$323,630-$70,920
Cost of goods sold = $330,520
Gross profit = Sales - Cost of goods sold
Gross profit = $688,570 - $330,520
Gross profit = $358,050
Net Income = Gross profit - Selling expenses - Administrative expenses
Net Income = $358,050 - $108,110 - $57,150
Net Income = $192,790
Answer:
In business, the finance function involves the acquiring and utilization of funds necessary for efficient operations. Finance is the lifeblood of business without it things wouldn't run smoothly. It is the source to run any organization, it provides the money, it acquires the money. (got the answer from google hehe)
Explanation:
