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lisov135 [29]
2 years ago
10

Ballard Company uses the perpetual inventory system. The company purchased $9,800 of merchandise from Andes Company under the te

rms 2/10, net/30. Ballard paid for the merchandise within 10 days and also paid $430 freight to obtain the goods under terms FOB shipping point. All of the merchandise purchased was sold for $18,600 cash. What is the gross margin that resulted from these transactions
Business
1 answer:
frez [133]2 years ago
3 0

Answer:

$8,566

Explanation:

The computation of the gross margin is shown below:

Purchase of inventory $9,800

Less: Purchase discount ($9,800 × 2%)  ($196)

Add: Freight paid $430

Total purchase made $10,034

Sales $18,600

Gross margin ($18,600 - $10,034) $8,566

We simply deduct the sales from the total purchase so that the gross margin amount could come

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Cathy's Towels sells three items (which it purchases from a supplier): bath towels, hand towels, and washcloths in a 4:3:2 mix (
Tatiana [17]

Answer:

36,000 baths

Explanation:

The computation of the bath towels that must the firm would sell at the break even point is shown below:

But before that the contribution margin per unit is

<u>Particulars        Bath towels   Hand towels  Wash towels</u>

Selling price      $10                  $5                  $2.5

Less: variable cost $4              $2                  $1

Contribution margin $6           $3                  $1.50

No of items in batch  4             3                    2

Contribution margin per unit $24   $9        $3

Now the number of baths would be

= $324,000 ÷ ($24 + $9 + $3) × 4

= 36,000 baths

4 0
2 years ago
Why do interest inventories compare your interests with the interests of others?
vaieri [72.5K]

I believe the answer is: to match you with a career that someone with your same interests enjoys

People with similar interest have a really high chance of having similar personalities. Because of this, interest inventories would determine that if other people who have similar interest with you enjoy a certain type of career, that you would most likely also enjoy that type of career.

7 0
3 years ago
Read 2 more answers
Dublin Corporation reported net sales of $250,000, cost of goods sold of $150,000, operating expenses of $50,000, net income of
tatuchka [14]

The profit margin rate is 13%. And the gross profit rate is 40%.

Net Profit Margin = Net Profit ⁄ Gross Revenue x 100

Net Profit is calculated by subtracting all company expenses from gross revenue. Profit margin calculation results are expressed as a percentage. For example, a 10% profit margin means that for every $1 in sales, the company earns $0.10 in net profit.

But in general, small businesses have healthy profit margins between 7% and 10%. However, be aware that certain companies may have lower profit margins. B. A retail or food company. This is because overhead costs tend to be high.

Learn more about  profit margin rate here: brainly.com/question/19865598

#SPJ4

5 0
1 year ago
The U.S. GAAP lower of cost or market rule for inventories may be applied to total inventory, to groups of similar items, or to
Aliun [14]

The inventory has to be recorded separately to each item and this will generally result in the lowest inventory amount.

<u>Explanation:</u>

LCM- the Lower of Cost which is also called as Market rule is the theory for valuating the inventory in accounting. According to the LCM rule, in a business the cost of inventory must be recorded at lower cost (it can be either the current market price or the original cost)

Reason for recording at lower cost:

Aggregating the items results in the incorporation of some items at amounts greater than LCM.

Example:

If product X (cost = 2 dollars, market = 1 dollar) and product Y (cost = 3 dollars, market = 4 dollars) are aggregated for LCM, the inventory measurement will be 5 dollars. If the rule is applied separately to both the products, the LCM measurement will be 4 dollars.

8 0
2 years ago
You are preparing a presentation on networking for a professional development seminar that your company is hosting for its emplo
BaLLatris [955]

Answer:

A

Explanation:

Any pattern particularly with audience involvement

Having a friendly audience, any organizational pattern will be appropriate. Using the audience’s familiarity will be to your advantage and that will help you to get them involved with you the presentation. Being warm, pleasant, and open, and using lots of eye contact. Includeing humor and personal experiences in your presentation will make the experience a memorable one.

6 0
2 years ago
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