To solve for the gross margin:
Gross margin = net sales - cost of goods sold
Gross margin = $847,000 - $561,500
Gross margin = $285,500
To solve for the operating expenses:
Operating expenses = gross margin - net income
Operating expenses = $285,000 - $101,200
Operating expenses = $183,800
The total inventory can be calculated by adding the initial or beginning inventory which is equal to $600 and the cost of goods sold, $1,400. That is,
T = $600 + $1,400
T = $2,000
Then, we subtract the ending inventory of $800 from the calculated value.
S = $2,000 - $800
S = $1,200
Hence, the answer to this item is the first choice.
Answer:
The correct answer is:
demands reflect a decision about which wants to satisfy and a plan to buy the good, while wants are unlimited and involve no specific plan to acquire the good. (d)
Explanation:
Let me first try to define what demand and want are:
want: want is a desire for a product or service. It is said that wants are unlimited, however, the resources to actualize such wants are in a limited supply.
Demand: Demand is the quantity of good or service that a person is willing and able to pay for because of the availability of resources to do so, at a given price and time.
For a clearer understanding, demand can be seen as a subset of want that a consumer takes a further step to acquire, not just desire. There is a specific plan to acquire such wants.
John buys a toy plane from a toy store. The money he pays the store <u>is injected back into</u> the economy through <u>the employee's wage </u>and the taxes paid by the store.
Answer:
1.8356 years
Explanation:
The computation of the purchase of maturity bond is shown below:
Years (A) Payment PVF at 9% PV Weight (B) Duration (A × B)
1 $8,000,000 0.9174 $7,339,449.54 0.7215 0.7215
4 $4,000,000 0.7084 $2,833,700.84 0.2785 1.1142
$101,731,503.39 1 1.8356
