________ means the receiver of the message has become mentally engaged in some way with the ad and the product.

A company has sales of $752,800 and cost of goods sold of $301,800. its gross profit equals:

Elena-2011 [213]

Revenue = $752,800
Cost of goods sold = $301,800

To solve for the gross profit:
Gross profit = revenue - cost of goods sold
Gross profit = $752,800 - $301,800
Gross profit = $451,000

The gross profit shows the profits a company has after taking their costs to make the product and subtract them from the sales they had.

7 0

3 years ago

Which of the following could be used as a basis to allocate profits among partners who are active in the management of the partn

grandymaker [24]

Answer:

1, 2, 3 & 4

Explanation:

All of the given options could be used as a basis to allocate the profit among partners. Allocation of salaries is also a basis for profit allocation. Salaries of partner is deducted from the net profit on the basis of predetermined ratio or amounts.

The numbers of years can also be a base for the profit allocation. The partner from the long time could have more share than a new partner but it depends on the agreement of all the partners.

The profit can also be based on the the amount of work work done or time spent by each partner. Some associations and firms use this method to allocate the profit.

The most common method of profit allocation is the capital invested in the business. partners are paid on the basis of what they invested in the business.

5 0

3 years ago

The expenditure multiplier leads to greater than one-for-one changes in output when autonomous expenditure changes because______

In-s [12.5K]

Answer:

This is because a change in autonomous expenditure changes income and sets off further changes in induced expenditure.

6 0

3 years ago

Read 2 more answers

On January 1, 2018, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and

Aleonysh [2.5K]

Answer:

Date Interest Interest Amortization Bond's

payment expense bond discount book value

Jan. 1, 2018 457,102

June 30, 2018 22,500 23,572.45 1,072.45 458,174.45

Dec. 31, 2018 22,500 23,572.45 1,072.45 459,246.90

Assuming you are using a straight line amortization of bond discount, then the amortization per coupon payment = $42,898 / 40 = $1,072.45

January 1, 2018, bonds are issued

Dr Cash 457,102

Dr Discount on bonds payable 42,898

Cr Bonds payable 500,000

June 30, 2021, first coupon payment

Dr Interest expense 23,572.45

Cr Cash 22,500

Cr Discount on bonds payable 1,072.45

December 31, 2021, second coupon payment

Dr Interest expense 23,572.45

Cr Cash 22,500

Cr Discount on bonds payable 1,072.45

If the company uses the effective interest method, the numbers vary a little:

amortization of bond discount on first coupon payment:

($457,102 x 5%) - ($500,000 x 4.5%) = $22,855.10 - $22,500 = $355.10

Journal entry to record first coupon payment:

Dr Interest expense 22,855.10

Cr Cash 22,500

Cr Discount on bonds payable 355.10

amortization of bond discount on second coupon payment:

($458,174.45 x 5%) - ($400,000 x 4.5%) = $22,908.72 - $22,500 = $408.72

Journal entry to record second coupon payment:

Dr Interest expense 22,908.72

Cr Cash 22,500

Cr Discount on bonds payable 408.72

7 0

3 years ago

Suppose that 50 units of a good are demanded at a price of $1 per unit. a reduction in price to $ 0.20 results in an increase in

Irina-Kira [14]

Increase in quantity demanded discount price value

7 0

3 years ago