Answer:
Gross profit will be $4
Explanation:
We have given that merchant purchased a jacket for $60
So purchased price = $60
Let the markup price is x
Now according to question selling price = x+60
Now it is given that marked up price is 25 % of the selling price
So 
X = 20
So selling price = 60+20 =80
Now there is discount of 20%
So price after discount = 
So gross profit = $64 -$60 = 4
Answer:
The answer is SDA Corp stocks alpha is -1.75%
Explanation:
CAPM E(
) = 10 + 1.25(17 - 10) =
= 10 + 1.25(7)=
= 10 + 8.75
= 18.75%
= 17 - 18.75
= -1.75%
Answer:
A) Infrastructure costs
Explanation:
Small companies are usually not able to compete with large firms due to the Infrastructure weakness.
A massive wipe of poverty and starvation.
Answer:
AJ Manufacturing Company
Multi-Step Income Statement
For the year ended xx xx, xxxx
Revenue
Sales $160,000
Cost of Goods Sold
Variable Product cost $40,000
Fixed Product cost <u>$50,000</u>
<u>$90,000</u>
Gross Income / Income $70,000
Less: Operating Expenses
Variable Selling & Administrative costs $13,000
Fixed Selling & Administrative costs <u>$16,000 </u>
<u>$29,000</u>
Net Profit / Income <u>$41,000</u>
Explanation:
GAAP require two types of the income statements
- Single-Step Income Statement
- Multi-Step Income Statement
In single step income statement all revenue are calculated and all expense are deducted from revenue to calculate net profit.
In multi-step the expenses are classified in the product / manufacturing expense and operating expenses. First manufacturing expenses are deducted from the net revenue to calculate the gross profit and then operating expense are deducted to calculate operating / net profit / income.