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Delicious77 [7]
3 years ago
14

Jamesway Corporation has two separate divisions that operate as profit centers. The following information is available for the m

ost recent year: White divisionGrey division Sales (net)$270,000 $540,000 Salary expense37,800 64,800 Cost of goods sold135,000 202,500 The White Division occupies 25,000 square feet in the plant. The Grey Division occupies 25,000 square feet. Rent is an indirect expense and is allocated based on square footage. Rent expense for the year was $50,000. Gross profit for the White and Grey Divisions is: WhiteGrey A.$97,200 $272,700 B.$232,200 $475,200 C.$135,000 $337,500 D.$72,200 $247,700 E.$97,200 $247,700
Business
1 answer:
Nookie1986 [14]3 years ago
7 0

Answer:

White Division Gross Profit  = $72,200

Grey Division Gross Profit =  $247,700

Explanation:

                                                     White Division    Grey division

Sales (net)                                      $270,000            $540,000

Less: Cost of goods sold              <u> $135,000  </u>          <u>$202,500</u>

Gross Margin                                 $135,000             $337,500

Less: Salary Expenses                   $37,800              $64,800

Rent                                                 <u>$25,000</u>              <u>$25,000</u>

Gross Profit                                   <u> $72,200 </u>             <u>$247,700</u>

The White Division occupies 25,000 square feet in the plant. The Grey Division occupies 25,000 square feet. Hence, the rent expenses will be shared equally. Rent = $50,000 hence, both division will pay $25,000 each              for rent

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Answer:

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Explanation:

The Current spot rate of Australian dollar against US Dollar

= \frac{1}{0.81} AUD /USD

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Percentage change in Australian currency

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7 0
3 years ago
Match each of the following contract principles to the statement that best fits it: A. bargained-for exchange of value to the pa
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Answer:D.both parties to the contract agree on the contract terms

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C.parties' negotiated understanding of terms and intent that lead to the contract

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3 years ago
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Options:

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7 0
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Answer:

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Claim entertain during the year that has reduce the above recognize liabilty is

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6 0
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Answer:

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