1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
11Alexandr11 [23.1K]
3 years ago
14

Question Number 9 At the end of the day, a local bakery sold 83 cakes and had to throw out 7 cakes due to baking errors. Each ca

ke cost the bakery $6.25 to make. The bakery, in turn, sold each cake for $12.75. What was the total profit earned by the bakery today?
Business
1 answer:
IgorC [24]3 years ago
7 0

Answer:

The profit earned by the bakery is $ 495.75

Explanation:

Data provided:

The number of cakes sold by the bakery = 83

The number of cakes thrown out = 7

Cost of each cake = $ 6.25

Selling cost of each cake = $ 12.75

Now,

the total sales value for the bakery = cakes sold × selling Cost of each cake

or

the total sales value for the bakery = 83 × $ 12.75 = $ 1,058.25

Now,

the total cost of making the cakes

= (cakes sold + cakes thrown) × Cost of each cake

or

= ( 83 + 7 ) × $ 6.25

or

= $ 562.5

Therefore,

the total profit earned by the bakery at the end of the day

= total sales value - total cost of making

or

= $ 1,058.25 - $ 562.5

= $ 495.75

Hence, the profit earned by the bakery is $ 495.75

You might be interested in
O.B. shipping point means
FinnZ [79.3K]
<span>i believe the answer is
D. Both A and C </span>
6 0
3 years ago
WHEN A TRAFFIC SIGNAL LIGHT IS NOT WORKING, YOU SHOULD:
forsale [732]
Without reading to far into it the answer will be C
8 0
3 years ago
Read 2 more answers
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credit
Umnica [9.8K]

Answer:

<u>Blueboy Cheese Corporation </u>

<u>Income Statement</u>

<u>December 31, 2021</u>

<u>Account Title                                  Debits                      Credits </u>

Sales revenue                                                                     680,000

Less Cost of goods sold               408,000

Gross Profit                                                                          272,000

less

Salaries expense                       108,800

Rent expense                           18,000

Depreciation expense             53,000

Interest expense                        3,900

Advertising expense                  3,600

<u>Un adjusted Profit                                                              84,700</u>

<u> </u><u>Adjusted Profit                                                                  82,900     </u>                            

<u>Blueboy Cheese Corporation </u>

<u>Balance  Sheet</u>

<u>December 31, 2021</u>

<u>Account Title                                  Debits                      Credits </u>

Cash                                               51,900

Accounts receivable                    290,000                                

Inventory                                      43,000

Office equipment                         308,000

                                       

Accounts payable                                                             56,000

Notes payable (due in six months)                                    39,000

Common stock                                                                    400,000

Retained earnings                115,000 + 82,900=              197,900

<u>                                                                                                               </u>

<u>Total                                            $ 692,900                         692,900</u>

<u />

Closing Entries

Dec 31            Sales Revenue             $680,000 Dr

                             Income Summary                    $680,000 Cr

The first closing entry transfers credit balances in revenue ( and gain ) accounts to the income summary accounts.

Dec 31          Income Summary          $ 187,300 Dr

                               Salaries expense                       108,800 Cr

                                Rent expense                           18,000 Cr

                                 Depreciation expense             53,000 Cr

                                     Interest expense                        3,900 Cr

                                       Advertising expense                  3,600 Cr

The second closing entry transfers debit balances in expense ( and loss) to the income summary accounts.

Dec 31                    Income Summary            $ 82,900

                                    Retained Earnings Accounts            $ 82,900

The third entry transfers the balance of income summary account to the owner's capital account or retained earnings account.

5 0
3 years ago
3x5=?<br><br> IRMAĞININ AKIŞINA ÖLÜRÜM TÜRKİYEM
Margarita [4]
The answer is 15. Hope this helps!
6 0
3 years ago
You would like to combine a risky stock with a beta of 1.5 with U.S. Treasury bills in such a way that the risk level of the por
Deffense [45]

Answer:

33.33%

Explanation:

Let weight of T-bill be x, therefore weight of stock will be 1-x

Portfolio = Weight of stock*Beta of stock + Weight of T-bills*Beta of T-bills

1 = (1-x)*1.5 + x*0

1 = 1.5 - 1.5x

x = 0.5/1.5

x = 0.3333

x = 33.33%

Therefore, the percentage of the portfolio invested in treasury bills is 33.33%.

5 0
3 years ago
Other questions:
  • Which of the following is not a characteristic of a corporation?
    8·2 answers
  • The following data are for the two products produced by Tadros Company.Product A Product BDirect materials $15 per unit $24 per
    8·1 answer
  • Caterpillar is a manufacturer of heavy machinery that is sold around the world. A growing business for this U.S.-based company a
    5·1 answer
  • Cameron started his own photography business. He wants to write a good mission statement that explains his company's reason for
    8·1 answer
  • One element of ethical research consists of being open minded while researching and ensuring that data is leading your thoughts
    12·1 answer
  • It is Micah's role at the company to plan, organize, and control the functions within the human resource department. Based on th
    15·1 answer
  • Customer environmental intelligence includes:
    8·1 answer
  • Work in process inventory increased by $20,000 during the current year. Cost of goods manufactured was $180,000. Total manufactu
    12·1 answer
  • What is term structure of interest rate?​
    14·2 answers
  • An investment has the following characteristics: ATIRRP: After-tax IRR on total investment in the property: 9.0% BTIRRE: Before-
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!