Answer:
Gross profit= $388
Explanation:
Giving the following information:
Beginning November 1: 5 units at $20
Purchase November 2: 10 units at $22
Purchase November 12: 6 units at $25
On November 8, it sold 12 units for $54 each.
LIFO (last-in, first-out)
COGS= 10*22 + 2*20= $260
Gross profit= 12*54 - 260= $388
Answer:
B. Controllable costs
Explanation:
There are some costs that are expended by a company during the cost of carrying out their business operations. These costs such as labor costs and marketing budgets are incurred because the company has full authority over them. They are costs that can be altered in short term based on a business decision.
In other words, controllable costs are those costs or expenses that can be influenced by those who are saddled with the responsibilities of incurring them.
Option B
The business cycle is irregular fluctuations in economic activity.
<u>Explanation:</u>
The business cycle is the constant rise and decline of financial growth that transpires overhead time. A cycle is a valuable mechanism for probing the market. It can further assist you to perform more reliable monetary choices. The state administration handles the business cycle.
The business cycle depicts the germination and bankruptcy in the making yield of assets and services in a marketplace. Business cycles are usually estimated relating to the boom and recession in the actual entire domestic goods or modified for inflation.
Answer:
FITCH
PAYBACK PERIOD = Iniatial outlay / Annual cash flow
Annual cash flow = Cash revenue - Cash expenses
= $6,110 - $860 = $5,250
Payback period = $8,040/ $5,250 = 1.53years
Incremental Net Income = Cash revenue - Cash expenses - Depreciation
= $6,110 - $860- ($8,040/3)
= $6,110 - $860 - $2,680
= $2,570
Unadjusted Rate of Return = Average Profit/initial invesment
= $2,570/$8,040
= 31.97%
Explanation:
This would be called a premium.