Answer:
c. $16,000
Explanation:
Total cost of both products = $80,000
Units of product LF = 3000
units of product 1B = 7000
Selling price per unit of LF = $24
Selling price per unit of 1B = $8
Cost of 3000 units of LF
= (3000/10000) × 80000
= $24,000
If 3000 units cost $24,000
1000 units would cost
= (1000/3000) × 24000
= $8,000
If Turner sells 1000,
Revenue from the sale
= 1000 × 24
= $24,000
Gross profit from this sale = $24,000 - $8000
= $16,000
The right option is c. $16,000.
The man forgot all of his worries while he was on his vacation.
Injurious consumption is negative in nature and not good at all for a person.
Utilizing resources to meet immediate needs and desires is known as consumption. It is contrasted with investing, which entails making purchases in order to acquire future revenue. Consumption is a key idea in economics and is also explored in a wide range of social sciences. Consumption is defined differently by various economic schools. Mainstream economists believe that only the final purchase of newly produced goods and services by individuals for immediate use qualifies as consumption; all other types of expenditure, including government spending, fixed investment, and intermediate consumption, are classified as separate categories (see Consumer choice). Many other economists define consumption as the whole of all economic activity that does not involve the creation, manufacturing, or selling of products and services.
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Answer:
it will take around 15 weeks to for Reiko to make a profit
Explanation:
Given:
Amount spent to obtain merchandise = $5,200
Cost of general expenses = $550
Earnings from sales per week = $900
Now,
Let 'x' be the number of weeks taken to make profit
thus,
Total cost involved = $5,200 + ( $550 × x )
Total profit from sales = $900 × x
for making profit
$900 × x ≥ $5,200 + ( $550 × x )
or
350x ≥ 5,200
or
x ≥ 14.85 weeks
thus,
it will take around 15 weeks to for Reiko to make a profit
<span>It is imperative to have accurate information when completing year end financial statements. If a journal entry and posting for the use of office supplies was omitted in error, the financial statements would not be complete, and the company could possibly lose out on a tax deduction.</span>
