Answer:
$363,500
Explanation:
Gross profit = Revenue - Cost of Goods Sold.
In the case
Revenue = $578,000.
The Cost of Goods Sold: COGS
Inventory turn over = COGS/ Average turnover
Average turnover = Opening stock + closing stock/2
In this case Opening stock + Closing stock = $110,000
Average turnover = $110,000 /2 =$55,000
Therefore:
3.9 = COGS/$55,000
COGS = $55,000 x 3.9
COGS =$214,500
Gross profit = $578,000 - $214,500
Gross profit = $363,500
The term “Global Economy” is a term that refers to all of the economies of the world.
Sometimes this phrase is also used to discuss the international economy, or all economies around the world, and refers to how interdependent different countries economies are on each other.
Tariffs are intentional taxes on imports from other countries. They are used to drive taxes up so that goods made in the country are more attractive to consumers. Because of this, other countries retaliate and raise their taxes too.
The answer is B: False
Probably evaluate the purchase. Common sense here.
Answer:
$157,440 ; $230,400
Explanation:
The computation is shown below:
For 2018
= Number of employees × number of vacations in a year × number of hours per day × wages per hour
= 80 employees × 12 days × 8 hours × $20.50
=$157,440
For 2021
= Number of employees × number of vacations in a year + number of vacations in a year - average of vacations × number of hours per day × wages per hour
= 80 employees × 12 days + 12 days - 9 days × 8 hours × $24
= $230,400
