Select Sales Companies offer of shares of stock in itself to anyone who is willing to pay $60 per share is a public offering. A public offering is the offering of securities of a company to the public. Generally, the securities are to be listed on a stock exchange. Businesses usually go public to raise capital in hopes of expanding.
To solve for the cost of goods sold (COGS):
COGS = Net sales - gross profit
COGS = $812,000 - $355,000
COGS = $457,000
The cost of doors sold is the costs that are used for production of the goods the company sells. It includes materials used for creating the product and labor.
Answer:
Gross profit= 131,500
Explanation:
Giving the following information:
Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard). RP also experienced these variances: Materials price: $2,400 F Materials quantity: $1,400 U Labor price: $2,000 U Labor quantity: $1,000 F Overhead: $1,500 F
To calculate the cost of goods sold, we use actaul costs and quantity of direct labor and direct materials. Therefore, the only estimated cost is overhead.
Gross profit= 220,000 - 90,000 + 1,500= 131,500
Answer:
456
Explanation:
Taking the number of pages Chandra reads as x; we formulate an equation:
In the equation below, 30 represents time taken by Chandra, 45 represents time taken by Bob and 760 is the number of pages in the novel.
Solving for x:
30x = 45(760-x) ;
30x = 34,200 - 45x
30x + 45x = 34,200
75x = 34,200
x = 34,200/ 75
x= 456
Therefore Chandra will need to read up to the 456 page.
