1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sonbull [250]
3 years ago
12

Challenge Tennis​ & Recreation's operating activities for the year are listed below. Purchases ​$174 comma 800 Operating exp

enses 62 comma 600 Beginning inventory 27 comma 600 Ending inventory 37 comma 800 Sales revenue 334 comma 000 What is the gross profit for the​ year?
Business
1 answer:
makkiz [27]3 years ago
6 0

Answer:

The answer is $169,400

Explanation:

Gross profit is a line item under income statement and it is the difference between net sales(revenue) and cost of sales. It is a measure of profitability ( net sales - cost of sales?

Cost of sales = beginning Inventory + purchases - ending Inventory

$27,600 + $174,800 - $37,800

$164,600.

Now, cost of sales is: ( net sales - cost of sales)

$334,000 - $163,800

=$169,400

You might be interested in
Vanessa is organizing a proposal for a client to buy her company's service what information should she put first in her proposal
Tju [1.3M]
I think the answer is A let me know if I was right! <3
5 0
3 years ago
Read 2 more answers
The balance of the revenue account is transferred to the
miv72 [106K]
Credit side of a the balance of revenue account is transferred
6 0
2 years ago
Johanna is responsible for setting goals and planning at a medium- sized company. Her job title is director of communications. W
umka2103 [35]

The level of job that require Johanna to be responsible for setting goals and planning in the company would be : Top-Level ManagerTop level manager consist of Board of directors, president, vice president, General Managers, and senior managers. These people have the credibility to create a planning/decision for the company

:)

5 0
3 years ago
Which behaviors might lead someone to have a low credit score?
lara [203]
IF they spend more than they can afford

If they cannot pay back their loans at all

If they cannot pay back their loans on time

hope this helps
8 0
3 years ago
Read 2 more answers
Cedar Designs​ Company, a custom cabinet manufacturing​ company, is setting standard costs for one of its products. The main mat
Snowcat [4.5K]

Answer:

Standard direct labour cost = $20.00   per hour

Explanation:

The direct labour costs represent expenditures incurred in respect of direct worker which can be traced to the product been produced. For example, the labour cost of machine operator saddled with production task.

The payroll cost is not a direct labour cost because payroll employed are not direct workers, also benefits are overheads related to direct workers

Standard direct labour cost = $20.00

5 0
3 years ago
Other questions:
  • Selected transactions for Spring-Green Lawn Care Company are listed below.
    15·1 answer
  • In a market economy the factors of production are allocated by
    11·1 answer
  • Why might network externalities cause a new cable provider to be unsuccessful when it tries to enter the market?
    7·1 answer
  • Equipment with a cost of $150,000 has an accumulated depreciation of $100,000. What is the historical cost of the equipment?
    5·1 answer
  • Huish Awnings makes custom awnings for homes and businesses. The company uses an activity-based costing system for its overhead
    11·1 answer
  • Knollcrest Corporation has a cumulative book loss over the past 36 months. Which of the following statements best describes how
    5·1 answer
  • A company’s _ tells you how much money the company has left over after subtracting all expenses
    8·1 answer
  • Have you ever bought an item you didn't plan to? If yes, why do you think that happened?​
    12·2 answers
  • According to Herzberg, which group of motivational factors would give employees the most satisfaction
    8·1 answer
  • Gus has applied for a home equity line of credit from his federally insured bank so that he can make some renovations to his kit
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!