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3 years ago

7

Gross profit is equal to a. sales plus cost of goods sold b. sales less selling expenses c. sales less cost of goods sold d. sal

es plus selling expenses

1 answer:

alexdok [17]3 years ago

8 0

Answer:

sales less cost of goods sold

Explanation:

Gross profit is the profit earned after after deducting the costs of goods sold from revenue

I hope my answer helps you

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at different times in american history the federal government has relied on certain taxes more than others. which taxes were mor

meriva

Answer: 20th/21st: social insurance tax and individual income tax

19th: tariffs and excise taxes

Explanation:

3 0

3 years ago

Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation fo

Kazeer [188]

Answer:

2016 = -$67,000

2017 = $393,000

Explanation:

The income statements for company for each of its first two years under variable costing is shown below:-

<u>Dowell Company</u>

<u> Income statement</u>

<u>Variable costing</u>

<u>Particulars 2016 2017</u>

Sales $966,000 $1,886,000

Less: Variable cost

Direct material $84,000 $164,000

(21,000 × $4) (41,000 × $4)

Direct labor $168,000 $328,000

(21,000 × $8) (41,000 × $8)

Variable overhead $189,000 $369,000

(21,000 × $9) (41,000 × $9)

Variable selling and

administrative expenses $42,000 $82,000

(21,000 × $2) (41,000 × $2)

Total variable cost $483,000 $943,000

Contribution margin $483,000 $943,000

(Sales - Contribution margin)

Less:

Fixed expenses

Fixed overhead $310,000 $310,000

Fixed selling and

administrative expenses $240,000 $240,000

Total of fixed expenses $550,000 $550,000

Net income (loss) -$67,000 $393,000

To determine the net income (loss) we simply deduct the contribution margin from total of fixed assets.

8 0

3 years ago

Which pair is an example of products in complementary (joint) demand?

Travka [436]

Answer: B) cars and petrol

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3 years ago

1) Benjamin has saved $40.00 for concert tickets, but decides to buy a new pair of jeans instead. In this scenario, what do the

lozanna [386]

The concert tickets are represented as an opportunity cost.

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4 years ago

Read 2 more answers

Beatrice is a Keynesian economic theorist. Accordingly, which of the following actions would Beatrice consider to be most expans

zhuklara [117]

Answer:

D. a $10 billion increase in government spending and a $5 billion decrease in taxes

Explanation:

Keynesian economy is a macroeconomic theory based on the views of the 20th century British economist John Maynard Keynes. The Keynes economy advocates a mixed economy in which the private sector is dominant but the state and public sector play a big role. According to the Keynesian economy, decisions made by the private sector sometimes cause inefficient macroeconomic results. For this reason, the state should play an active role and stabilize the business cycle. For example, monetary policies through the central bank and fiscal policies through the government should be implemented.

According to Keynesian theory, the sum of some micro-economic behaviors exhibited by all individuals and businesses results in inefficiency and the economy operates at a level below its potential output and growth. When the total demand for products is insufficient, the economy goes into a crisis and unnecessary unemployment occurs due to the defensive behavior of the manufacturers. In such cases, the government may follow some policies to increase aggregate demand and consequently speed up economic activities and reduce unemployment. Most Keynesian people propose policies to stabilize the business cycle. For example, when the unemployment level rises too high, the state may follow a growth-oriented monetary policy.

Keynes considered the revival of the economy with low interest rates or taxes and increase in state investments or government spending as a solution to the Great Depression. It increases investment income and consequently consumption by the state, as a result of which more production and investment are provided, and as a result, consumption increases again. The first economic stimulus investment triggers a sequence of events and provides a much more stringent economic efficiency than the subsequent investment. Some Keynesian economists have particularly emphasized the importance Keynes gives to international coordination, the necessity of international economic institutions, and how economic forces can lead to war or peace.

6 0

3 years ago