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Crazy boy [7]
3 years ago
14

Sully Company provided the following information for last month. Production in units 3,000 Direct materials cost $7,000 Direct l

abor cost $10,000 Overhead cost $9,600 Sales commission per unit sold $4 Price per unit sold $29 Fixed selling and administrative expense $7,000 There were no beginning and ending inventories. What is gross margin for Sully Company last month? a.$54,000 b.$47,400 c.$32,400 d.$60,400 e.$64,600
Business
1 answer:
Anika [276]3 years ago
6 0

Answer:

d.$60,400

Explanation:

The computation of the gross margin is shown below:

= Sales -  Direct materials cost - Direct labor cost - Overhead cost

where,

Sales = 3,000 units × $29 = $87,000

And all the other items would remain the same

Now put these values to the above formula  

So, the value would equal to

= $87,000 - $7,000 - $10,000 - $9,600

= $60,400

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2 years ago
Companies such as starbucks and ibm are businesses that serve customers and suppliers wherever in the world they may be located
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3 0
2 years ago
My name marsh, ninja
Nataly_w [17]

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6 0
3 years ago
1)A checking account is sometimes also called a:
love history [14]

1) demand deposit account.

2) Computer software.

3) Saved for emergencies.

4) A job.

5) It's far more difficult to manage an account electronically.

6) Checks written after the statement closing date wouldn't appear on the statement.

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5 0
3 years ago
Chris has three options for settling an insurance claim. Option A will provide $1,500 a month for 6 years. Option B will pay $1,
Papessa [141]

Answer:

  • <u><em>Option B. $1,025 a month for 10 years.</em></u>

Explanation:

Calculate the present value of each option:

     \text{Monthly rate: } 6.8\%/12 = 0.068/12 = 0.005\overline 6

Formula:

        PV=C\times \bigg[\dfrac{1}{r}-\dfrac{1}{r(1+r)^t}\bigg]

Where:

  • PV is the present value of the constant monthly payments
  • r is the monthly rate
  • t is the number of moths

<u>1. Option A will provide $1,500 a month for 6 years. </u>

         PV=$\ 1,500\times \bigg[\dfrac{1}{(0.005\overline 6}-\dfrac{1}{0.005\overline 6(1+0.005\overline 6)^{(6\times12)}}\bigg]

         PV=\$ 88,479.23

<u>2. Option B will pay $1,025 a month for 10 years. </u>

         PV=$\ 1,025\times \bigg[\dfrac{1}{(0.005\overline 6}-\dfrac{1}{0.005\overline 6(1+0.005\overline 6)^{(10\times12)}}\bigg]

         PV=\$ 89,068.22

<u>3. Option C offers $85,000 as a lump sum payment today. </u>

<u></u>

  • PV = $85,000
<h2 /><h2> Conclusion:</h2>

The present value of the<em> option B, $1,025 a month for 10 years</em>, has a the greatest present value, thus since he is only concerned with the <em>financial aspects of the offier</em>, this is the one he should select.

3 0
3 years ago
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