Answer:
Ending Inventory $ 64,000
Explanation:
To define the final inventory of the company it's necessary to find the cost of good of the period.
As the company had a 43% of gross profit, it means that for every dollar of sales we have 0,43 dollar of Gross Profit, with this value is possible to know the total cost of the goods sold during the period, that it's the difference between Sales Revenue and Gross Profit.
Total Sales Revenue had to be the net value after returns and discounts as it's detailed.
Income Statement
Sales revenue $ 300,000
Cost of goods sold -$ 171,000
Gross Profit $ 129,000 43%
Beginning Inventory $ 60,000
Purchases $ 175,000
Cost of goods sold -$ 171,000
Ending Inventory $ 64,000
Answer:
The equilibrium point
Explanation:
The equilibrium point is where there is an exact quantity of production output that perfectly satisfies the total demand of the market.
Answer:
Find the break point. (Round your answer to the nearest whole unit.)
122222 fastener
Explanation:
Cost 1= 1100+0,007x
Cost 2=1650+0,0025x
cost1=cost2
1100+0,007x=1650+0,0025x
0,0045x=650
x=122222 fastener
Cost 1=1100+0,007*122222
Cost 1=1955,55
Cost 2=1650*0,0025*122222
Cost 2=1955,55
