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ikadub [295]
3 years ago
11

During the month, merchandise is sold for $23,500 cash and for $34,000 on account. the cost of merchandise sold is $41,500. what

is the amount of gross profit?
Business
1 answer:
AURORKA [14]3 years ago
4 0
In getting the gross profit, you need to add all the assets and less the expenses. See below:

Asset - Expenses = Profit

Below are the assets:
$ 23,000 cash on hand 
$ 34,000 cash on bank

Therefore the total asset is $ 57,500

While the expense is $41,500

Solution:  $57,500 - 41, 500 = $16,000



I hope it helps 
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The management of a rental building faces a rent control situation, where it cannot charge more than $400 a month in rent on the
mestny [16]

Answer:

Bundling

Explanation:

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The additional service is not considered as part of rent expense.

I'm the given scenario the owner of the renting building is offering rent of property along with rent of furniture from the company as a package of $1,000.

The rent still remains $400 while the extra cost is for furniture rent.

4 0
3 years ago
Match each scenario with its effect on the PPC.
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5 0
3 years ago
Marigold Corp. has beginning work in process inventory of $164000 and total manufacturing costs of $286000. If cost of goods man
vaieri [72.5K]

Answer:

X = $190000

Explanation:

given data:

cost of manufactured goods =$260000

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6 0
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You and your friends have decided to build a skateboard ramp behind your house. You have already purchased $500 in materials and
Rufina [12.5K]

Answer:

Hand saw is cheaper.

Explanation:

Given:

Material cost = $500

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Building hour from electric saw = 6 hour

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Computation of total cost from Electric saw :

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Total cost from Electric saw = $500 + $120 + $48

Total cost from Electric saw = $668

Computation of total cost from hand saw :

Total cost from hand saw = Material cost + Time of from job

Total cost from hand saw = $500 + (15 × $8)

Total cost from hand saw = $500 + $120

Total cost from hand saw = $620

Hand saw is cheaper.

5 0
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Why had farming become unprofitable during this period?
vivado [14]
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