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3 years ago

If it costs $75,000 to put on an event and total revenue is $135,000, what is the profit as a percentage of revenue?

Business

1 answer:

Nuetrik [128]3 years ago

4 0

Answer:

44.44%

Explanation:

Profit is obtained by subtracting cost from revenue.

I,e.,

Profit = revenue - cost.

In this case,

Profit = $135,000 - $75,000

Profit = $60,000

As a percentage of revenue

= $60,000/ $135,000 x 100

= 0.44444 x 100

= 44.44 %

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3 years ago

________ is the basic ingredient of character that is exhibited when you achieve congruence among what you know, say, and do,

BabaBlast [244]

Answer: Integrity

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3 years ago

Read 2 more answers

Trevor Company expects sales of Product W to be 60,000 units in April, 75,000 units in May, and 70,000 units in June. The compan

Sedbober [7]

Answer:

65000 units

Explanation:

Given:

Expected sales of product W in April = 60000 units

Expected sales of product W in May = 75000 units

Expected sales of product W in June = 70000 units

Inventory in hand at the end of each month = 40% of the next month's expected sale

Inventory expected at the end of the April = 40% of the expected sales in May

Inventory expected at the end of the April = 0.4 × 75000 = 30000 units

Therefore, the total units required in April = Expected sales of product W in April + Inventory expected at the end of the April

the total units required in April = 60000 + 30000 = 90000 units

Now,

Excessive production in March (inventory) = 25000 units

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4 years ago

Chuck Wagon Grills, Inc., makes a single product—a handmade specialty barbecue grill that it sells for $215. Data for last year’

Stella [2.4K]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Selling price= $215

Units in beginning inventory 0

Units produced 9,800

Units sold 9,300

Units in ending inventory 500

Variable costs per unit:

Direct materials $ 61

Direct labor 33

Variable manufacturing overhead 10

Variable selling and administrative 15

Total variable cost per unit $ 119

Fixed costs:

Fixed manufacturing overhead $ 274,400

Fixed selling and administrative 510,000

Total fixed costs $ 784,400

Absorption costing includes fixed manufacturing overhead in the cost per unit.

A) Unitary fixed manufacturing overhead= 274,400/9800 units= $28

Unitary cost= Direct materials + Direct labor + Variable manufacturing overhead + fixed manufacturing overhead

Unitary cost= 61 + 33 + 10 + 28= $132

B) Income statement:

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COGS= 132*9300=$1,227,600

Gross profit= $771,900

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3 years ago

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Hence, from the above we can conclude that Option C is correct.

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3 years ago