Answer:
Cost of goods sold = $8,800
Explanation:
<em>The cost of goods is represents amount incurred to make available what has been sold. It is computed as follows:</em>
<em>Cost of goods sold = opening stock + purchases - closing inventory</em>
It is useful to determine the cost of goods so as to calculate the gross profit margin. The gross profit is the sales revenue less cost of goods sold.
So we can compute same for the sporting equipment store as follows:
Cost of goods sold = 3,800 + 7,800 - 2,800
= $8,800
Cost of goods sold = $8,800
Answer:
$15
Explanation:
Accounting profit is calculated as revenue less total cost.
Accounting profit = Revenue - Cost
$20 - $5 = $15
An accountant calculates accounting profit.
Answer:
true
Explanation:
Hey, as much as I remember, this is true. each department has their own responsibilities and roles.
good luck!
it is likely that John chooses this oil company because of their good services
Answer:
In economics, the marginal cost of production is the change in total production cost that comes from making or producing one additional unit. To calculate marginal cost, divide the change in production costs by the change in quantity.
