Ask question

Ask question

All categories

3 years ago

9

Cushman Company had $846,000 in sales, sales discounts of $12,690, sales returns and allowances of $19,035, cost of goods sold o

f $401,850, and $291,025 in operating expenses. Gross profit equals:

1 answer:

Inessa [10]3 years ago

5 0

Answer:

Explanation:

I'm pretty sure that gross profit is simply just sales-Cost of goods sold

846,000-401,850= 444,150

You might be interested in

Santa Fe purchased the rights to extract turquoise on a tract of land over a five-year period. Santa Fe paid $300,000 for extrac

Step2247 [10]

Answer:

Santa Fe's cost depletion expense for the current year is $90,000

correct option is b) $90,000

Explanation:

given data

Santa Fe paid = $300,000

Santa Fe recover = 5,000 pounds

Santa Fe extracted = 1,500 pounds

sold = $250,000

to find out

Santa Fe's cost depletion expense for the current year

solution

we get Santa Fe's cost depletion expense for the current year will be here as

cost depletion expense = $\frac{paid}{recover}$ × extracted .......1

put here value we get

cost depletion expense = $\frac{300000}{5000r}$ × 1,500

cost depletion expense = 60 × 1,500

cost depletion expense = 90,000

so Santa Fe's cost depletion expense for the current year is $90,000

correct option is b) $90,000

8 0

3 years ago

Assume the world market for oil is competitive and that the marginal cost of producing (extracting and bringing to market) ano

xz_007 [3.2K]

Answer:

The economic surplus will decrease by $2.20

Explanation:

$81.40 and $79.20 are <em>marginal </em>cost and benefit, which are the changes to total costs and total benefits due to producing and consuming one additional barrel of oil.

They can be used to calculate <em>change </em>to economic surplus, which is the change to the net economic value received by society, which is given by:

marginal benefit - marginal cost = $79.20 - $81.40 = - $2.20

7 0

3 years ago

What is something I can create or invent that hasn't been invented yet, that could make me a millionaire?

olchik [2.2K]

Explanation:

The products and services offered today through economic systems exist to satisfy human needs. The higher the level of satisfaction of needs met, the greater the positioning of a product or service that can make an individual millionaire.

To create or invent something that does not yet exist and be extremely profitable, it is necessary to think about human priorities, such as health and technology. An invention that could be successful would be the development of a cure for diseases such as drugs that destroy cancer cells and create other healthy cells without side effects to humans, or in the current world context, an inexpensive and easily developed anti-coronavirus drug.

4 0

3 years ago

What are some of the major complexities encountered in developing cooperative strategies such as strategic alliances and joint v

____ [38]

Strategic alliances are generally meant to increase the business strength. Most of the cooperative strategies aim at drawing upon the individual strengths of partners to be more competitive as a single unified unit.

There are a lot of challenges in getting cooperative strategies to work as envisaged during the planning phases. When corporate companies seek cooperation strategies, the hindsight which comes is that most of them compete against each other).

Hence, it is natural that such companies will seek to fulfill their interests first before considering the interests of their partnerships. Then, some companies seek cooperative partnerships with partners who are already having other collaborators.

It also follows that such cooperation lacks commitment. There is also a lack of detailing the operational structure by which operational strategy will be a great success.

To know more about Strategic alliance here:

brainly.com/question/14014533

#SPJ4

5 0

2 years ago

A test of your ability to learn to be an automobile mechanic would be considered a(n ________ test. aptitude intelligence achiev

disa [49]

<span>A test of your ability to learn to be an automobile mechanic would be considered an a</span>ptitude test. :)

7 0

3 years ago