Answer:
Gross Profit 714,000
Explanation:
Gross Proft: is the diference between the sales revenue and the cost of the goods sold.
Sales revenue 1,254,000
Cost of Goods Sold (540,000)
Gross Profit 714,000
note: All the other account and values are irrelevant to determinate the gross profit.
<u>Other way to calculate gross profit:</u>
(sale price per unit - cost per unit) x unit sold
Answer:
Supply equals demand
Explanation:
Equilibrium is a situation which occurs when there is a balance between quantity demanded and quantity supplied.
Answer:
if you randomly get payments on your xbox that u didn't pay for like games
Answer:
Which of the following is true if the production of a good gives rise to a positive externality?
The demand curve for the good shifts to the right in the presence of positive externalities.
Explanation:
Answer:
1.3 million Impaired asset is the determined amount
Explanation:
Asset impaired as the estimated fair value cash flows is lower than book value
Impairment loss = Fair value - Book value
= 3.0 million - 4.3 million
= 1.3 million Impaired asset
An impaired asset is an asset that has a market value less than the value which was disclosed on the organisation balance sheet. When an asset is said to be impaired, it will need to be written down on the company's balance sheet to its current market value.
