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lana66690 [7]
3 years ago
8

Gross billings for merchandise sold by Pharoah Company to its customers last year amounted to $12720000; sales returns and allow

ances were $363000, sales discounts were $175600, and freight-out was $140600. Net sales last year for Pharoah Company were: A. $12720000 B.$12040800. C.$12357000. D.$12181400.
Business
1 answer:
Anika [276]3 years ago
6 0

Answer:

D.$12,181,400 .

Explanation:

The net sales for the year is the value obtained after the deduction of the returns, discount and allowances from the total sales.

The cost incurred on freight of goods sold is known as selling and distribution cost which is a part of the operating expenses.

As such, freight is not a part of the elements to be considered in the computation of net sales.

Net sales = $12,720,000 - $363,000 - $175,600

= $12,181,400

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Total Output Price Marginal Revenue Average Total Cost Marginal Cost 1 $ 100 $ 100 $ 100.00 $ 30 2 90 80 63.00 26 3 80 60 52.67
mario62 [17]

At the  profit-maximizing output, this firm's total profit will be $280.

<h3>Who is a monopolist?</h3>

A monopolist is a single firm that operates in an industry. There is only one firm in the industry because there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.

Profit is maximised when marginal revenue is equal to marginal cost. Looking at the given table, marginal revenue is equal to marginal cost when output is 4 and price is $70

Total profit = 70 x 4 = $280

To learn more about monopolies, please check: brainly.com/question/10441375

8 0
2 years ago
Miel Company produces ready-to-cook oatmeal. Each carton of oatmeal requires 16 ounces of rolled oats per carton (the unit quant
Simora [160]

Answer:

Part A

1) Total amount of oats allowed = 960000*16 = 15360000 ounce

2) Total amount of labor hours allowed

= 960000*.04 = 38400 Hours

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3 0
3 years ago
Question 8 of 10
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C, credit limit

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2 years ago
Stylist Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been
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Answer:

Date General Journal            Debit ($)    Credit ($)

July 31 Fees Earned                    520,400    

               Wages Expense                          488,000  

               Rent Expense                                    65,000  

               Supplies Expense                              11,200  

               Miscellaneous Expense             13,900  

               Marlena Fenton, Capital            (57,700)

(To close Revenue and Expense accounts)    

July 31 Marlena Fenton, Capital 11,000  

               Marlena Fenton, Drawing             11,000

Explanation:

Marlena Fenton, Capital = $880,000

Marlena Fenton, Drawing = $11,000

Fees Earned = $520,400

Wages Expense = $488,000

Rent Expense = $65,000

Supplies Expense = $11,200

Miscellaneous Expense = $13,900

Marlena Fenton, Capital =  $520,400  -($488,000 + $65,000 + $11,200 + $13,900) = ($ 57,700)

7 0
3 years ago
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