Revenue = $752,800
Cost of goods sold = $301,800
To solve for the gross profit:
Gross profit = revenue - cost of goods sold
Gross profit = $752,800 - $301,800
Gross profit = $451,000
The gross profit shows the profits a company has after taking their costs to make the product and subtract them from the sales they had.
Answer:
Explanation:
Sale Value 1500000
less:Adjusted basis (1000000-89765) 910235
a)Gain recognized 589765
b) in case of sale of real property,cooperates are subject to section 291 to recapture.According to section 291,cooperates taxpayers to recaptures 20% of the lessor of the gain recognized or accumulated depreciation taken.
The recaptured gain is taxed as ordinary gain.
The remaining gain is taxed as section 1231 gain.
Section 1231 Gain (589765-17953) 571812
Section 1250 recapture due to section 291 (89765×20%) 17953
n production, the profit per hour decreases when more than ten beanbags per hour are produced because the marginal cost is greater than marginal revenue.
<h3>
What entails the marginal cost and revenue?</h3>
Normally, when marginal cost is greater, the company should raise production levels to improve efficiency and generate more profit overall.
Hence, as a result of the marginal cost greater than marginal revenue, the profit per hour will decreases when more than ten beanbags per hour are produced.
Read more about marginal cost
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Answer:
Universality of management
Explanation:
As the name suggest the management is universal that means the same technique, same procedure, policies, rules, regulations, etc are applicable in all level of the organizations i.e top, middle and lower level of management plus it also applies on the various size of the organizations and the working locations so that the efficiency and effectiveness of the task or work could be done in a smooth manner
What do you need to do with your materials before using them for marketing purposes? Once you develop new marketing materials, the materials need to be submitted for review to make sure they accurately describe and reflect the new items. All marketing materials no matter the company, need to be approved before they are pushed out to the public to gain their target markets interest.
