When solving for the gross profit on a product use:
Gross profit = Sales - Cost of goods sold
Sales = $814,000
Cost of goods sold = $386,650
Gross profit = $814,000 - $386,650
Gross profit = $445,350
I think that answer is 1.5
Answer:
Marketing stimulates a competitive economy, promotes products and services, and targets consumers who are most likely to become purchasers. Higher sales for a company that employs effective marketing strategies translate into expansion, job creation, higher government tax revenue, and eventually, overall growth.
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Answer:
Proposal A: $185,714.29
Proposal B: $160,000
Explanation:
Giving the following information:
$10,000 for installations to be completed.
The revenue generated by each unit is $ 20.00
Proposal A:
Fixed costs= 55,000
The variable cost is $13.00
Proposal B:
Fixed costs= 70,000
The variable cost is $10.00
Break-even point (dollars)= fixed costs/ contribution margin ratio
Proposal A: (55,000+10,000)/[(20-13)/20]= $185,714.29
Proposal B: (70,000 + 10,000)/[(20-10)/20]= $160,000
