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
Find out more on gross profit at brainly.com/question/942181.
#SPJ1
Answer:
increases in the price level that raise profits, inducing firms to produce more
Explanation:
increases in the price level that raise profits, inducing firms to produce more
Gill company calculated equipment depreciation for the month of $500. The necessary adjusting entry will include a credit to accumulated depreciation, and debit to depreciation expense.
The basic journal entry for depreciation is to debit the depreciation expense account and credit the accumulated depreciation account. Depreciation expense is recorded on the income statement as an expense or debit, reducing net income.
On the other hand, accumulated depreciation is not recorded separately on the balance sheet. Instead, it is recorded in a contra asset account as a credit, by reducing the value of fixed assets.
Hence, the entry will include a credit to accumulated depreciation, and debit to depreciation expense.
To learn more about depreciation here:
brainly.com/question/28139636
#SPJ4
Answer:
objections
Explanation:
salespeople should
know the product's benefits
making a presentation around what the customer wants
gathering customer reviews
quizletcom250953849mgmtchapter16learnsmartflashcards
