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poizon [28]
3 years ago
7

Tablets Company had the following information at December 31:Finished goods inventory, January 1 $ 30,000Finished goods inventor

y, December 31 90,000If the cost of goods manufactured during the year amounted to $1,260,000 and annualsales were $1,650,000, the amount of gross profit for the year is
Business
1 answer:
aksik [14]3 years ago
3 0

Answer:

Gross profit= $450,000

Explanation:

Giving the following information:

December 31:

Finished goods inventory, January 1 $ 30,000

Finished goods inventory, December 31 90,000

The cost of goods manufactured during the year amounted to $1,260,000

Annual sales were $1,650,000.

Gross profit= Sales - cost of goods sold

cost of goods sold= beginning finished inventory + cost of goods manufactured - ending finished inventory= 30000 + 1260000 - 90000= 1,200,000

Gross profit= 1650000 - 1200000 = $450,000

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In the middle of the fourteenth century, an epidemic known as the Black Death killed a third of Europe’s population, about 34 mi
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Answer:

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Explanation:

Although worker population decreased because of the plague, the amount of land and the tools did not change much. Some farm animals died when the people who took care of them died. Because the remaining workers had more tools and land to work, they became more productive, producing more goods and services. When workers are more productive, employers are willing to pay higher wages. The Statute of Laborers and similar laws in other countries were not very effective. Some lords avoided violating the statute by making “in kind” pay-ments—paying workers with food or other goods rather than wages—or providing other “fringe benefi ts.” Some lords began to pay illegally high wages. Wages increased because there were fewer workers—labor had become more scarce

8 0
3 years ago
The income elasticity of demand for a food is unity. a consumer's monthly income is $2,000, of which 20 percent is spent on food
Anna11 [10]
Obviously, it becomes half so it'll be 10%
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8 0
4 years ago
A customer places an order on January 1, 2019. Fifteen days later, that order is received by the manufacturing department. Twent
denis-greek [22]

Answer: 75 days

Explanation:

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6 0
3 years ago
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ch4aika [34]

Answer:

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Explanation:

8 0
3 years ago
In the sales comparison approach, how is the appropriate unit of comparison chosen?
kirill115 [55]

Answer:

c. It depends on the appraisal problem. The appraiser should apply all appropriate units of comparison, explain differences in wide variation in the results, and choose the most reliable unit.

Explanation:

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5 0
3 years ago
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