Based on the sales revenue that the ice cream manufacturer got and the cost of goods sold, the total gross profit on ice cream sales is $300,000.
<h3>How is the total gross profit calculated?</h3>
This can be found as:
= Sales revenue - Cost of goods sold
Sales revenue:
= 200,000 x 4.70
= $940,000
Cost of goods sold:
= Total production cost / Total units produced x Units sold
= 665,600 / 208,000 x 200,000
= $640,000
Gross profit:
= 940,000 - 640,000
= $300,000
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Answer:
Select the answer that best describes the strategies in this game.
- Both companies dominant strategy is to add the train.
Does a Nash equilibrium exist in this game?
- A Nash equilibrium exists where both companies add a train. (Since I'm not sure how your matrix is set up I do not know the specific location).
Explanation:
we can prepare a matrix to determine the best strategy:
Swiss Rails
add train do not add train
$1,500 / $2,000 /
add train $4,000 $7,500
EuroRail
do not add train $4,000 / $3,000 /
$2,000 $3,000
Swiss Rails' dominant strategy is to add the train = $1,500 + $4,000 = $5,500. The additional revenue generated by not adding = $5,000.
EuroRail's dominant strategy is to add the train = $4,000 + $7,500 = $11,500. The additional revenue generated by not adding = $5,000.
A Nash equilibrium exists because both companies' dominant strategy is to add a train.
Answer:
The correct answer is letter "A": Merchandise Inventory.
Explanation:
Lower-of-cost-or-market value is a strategy by which the costs of inventory on the company's Balance Sheet is reported at historical value -purchase cost- or market value, whatever it is lower. The lower-of-cost-or-market approach considers the value of inventory can change, meaning it can increase but it can decrease as well. For both purposes, the lower-of-cost-or-market value can be used. This technique follows the Generally Accepted Accounting Principles (GAAP).
Therefore, <em>merchandise inventory, which can fluctuate in price during a period, is reported using the lower-of-cost-or-market value method.</em>
As we go from home operation to international operations, we can potentially receive a<u> </u><u>rise in our costs</u>, but we can also see our <u>profits </u>increase. This is about business expansion.
<h3>
What is business expansion?</h3>
When a company reaches a certain point in its growth and starts looking for new ways to increase profits, that stage is known as business expansion.
Managing business growth or development is a challenge that successful firms and startups alike eventually encounter.
It is to be noted that while business expansion comes with possible potential increases in profit and net worth, incurring additional costs is a certainty.
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