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Simora [160]
3 years ago
15

Selling, general, and administrative expenses were $80,000; net sales were $390,000; interest expense was $16,000; research and

development expenses were $34,000; net cash provided by operating activities was $42,000; income tax expense was $10,000; cost of goods sold was $220,000.
1. Gross profit for the period was ___________.
Business
1 answer:
k0ka [10]3 years ago
7 0

Answer:

$428,000

Explanation:

Gross profit for the period = total sales generated (revenue) - total expenses

Expenses incurred as as follows;

-Selling, general, and administrative expenses = $80,000

-Interest expense = $16,000

-Research and development expenses = $34,000

-Net cash provided by operating activities = $42,000

Income tax expense was $10,000

Total expenses incurred = $182,000

Total sales generated (revenue)

- Net sales = $390,000

- Cost of goods sold = $220,000

Total sales generated = $610,000

Gross profit for the period = $610,000 - $182,000

Gross profit for the period = $428,000

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During July, the equivalent units of direct materials added to the product worked on by Department A amounted to a total of 90,0
dybincka [34]

Answer:

Cost of ending inventory =$15,000

Explanation:

Given:

Direct material = 90,000

beginning Inventory = 20,000  

Completed Inventory = 60,000  

Ending Inventory = 10,000

Total cost of direct materials = $135,000  

Computation:

Cost of ending inventory = Ending Inventory × Per Item cost

Cost of ending inventory = 10,000 × $1.50

Cost of ending inventory =$15,000

Working Note:

Cost per unit = Cost of direct materials / Units in direct materials

Cost per unit = $135,000 / 90,000

Cost per unit = $1.50

7 0
3 years ago
Computers are typically protected from viruses by the use of
attashe74 [19]
They are protected by the used of a firewall. 
6 0
3 years ago
Read 2 more answers
Marigold Manufacturers Inc. is a firm that produces and sells home appliances. Marigold Manufacturers Inc. acquires a women's ap
Ronch [10]

Answer:

unrelated diversification

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question this is an example of unrelated diversification. This is a type of diversification in which a business adds completely new and unrelated product lines to their business and enter new markets. Which is what Marigold Manufacturers Inc is doing since they sell home appliances and decided to enter into the market of women's fashion apparel.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
Bramble Corp. has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expected sales
Alexeev081 [22]

Answer:

160,000 units

Explanation:

Step 1 : Determine the Sales Mix

Bramble : Standard

60000 : 40000

3 : 2

Step 2 : Determine the Overall Break even Point

Break even Point = Fixed Cost ÷ Contribution per unit

                             = $2400000 ÷ $30

                             = 80,000

Step 3 : Determine break-even point for Standards

Standards Break even point = 80,000 x 2

                                               = 160,000 units

Thus,

Bramble Corp would sell 160,000 units of Standards at the break-even point

8 0
3 years ago
In "Do Not Go Gentle into That Good Night”, the speaker emphasizes that older men should fight fiercely against death. The setti
Advocard [28]

The theme of the poem is about the Bravery of the military unit .hence choice 1 is correct.

<h3>What is the summary of  The Charge of the Light Brigade?</h3>

An emotional poem, The Charge of the Light Brigade, both honors and mourns the battle's action. The concept of the valiant and gallant British soldier—one whose moral obligation was to fight for justice—emerged during the Crimean War.

Tennyson honors a military unit's bravery for charging the enemy despite insurmountable odds: they are "six hundred" against an "army."

Hence the appropriate answer is Bravery.

Learn more about The Charge of the Light Brigade:

brainly.com/question/1343588

#SPJ1

3 0
2 years ago
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