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Paha777 [63]
2 years ago
13

How to calculate cost of sales and gross profit​

Business
1 answer:
marin [14]2 years ago
4 0
<h2><em><u>Answer:</u></em></h2><h2><em><u>Answer:Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold (COGS) from revenue (sales)</u></em></h2>
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Exquisite Expressions is a home decorating company that sells many different household accessories ranging from candles to enter
Serga [27]

Answer:

Explaining the motive of each task

Explanation:

According to the given situation, There are two issues i.e how to organize the activities of the business organization so that the organization can run in a smooth manner. The second issue is of delegation that means giving authority to some responsible person.  

In this scenario, the most appropriate delegation improvement is to explain the motive of each task to the employees or responsible paper so that the organization activities can run in a better and effective & efficient way which helps the company to accomplish its goals and objectives.

6 0
3 years ago
Match each of the following characteristics or scenarios with either the term negative externality or the term positive external
Nataly_w [17]

Answer:

Explanation:

negative externality (NE)

positive externality (PE)

a. Overallocation of resources: NE

b. Tammy installs a very nice front garden, raising the property values of all the other houses on her block. PE

c. Market demand curves are too far to the left (too low). NE

d. Under allocation of resources. PE

e. Water pollution from factory forces neighbors to buy water purifiers. NE

4 0
3 years ago
Diana Mark is the president of ServicePro, Inc, a company that provides temporary employees for not-for-profit companies. Se rvi
Reil [10]

Answer: Please see explanation column for answers

Explanation:

1.To record the Purchase of office supplies on account.

Date         Account titles and explanation         Debit         Credit

April 2                Office Supplies                         $900

Accounts Payable                                                                  $900

2.To record performed services on account

Date         Account titles and explanation         Debit         Credit

April 5            Accounts Receivable                  $4,600

                    Service revenue                                                   $4,600

3.To record office supplies  bought previously on account.

Date         Account titles and explanation         Debit            Credit

April 8         Accounts Payable                           $330

                   Cash Credit                                                            $330

4.To record Payment of  advertising expense for cash

Date         Account titles and explanation         Debit            Credit

April 8         Advertisement expense                 $800

                          Cash                                                                 $800

5.To record the Purchase equipment for cash

Date         Account titles and explanation         Debit           Credit

April 9                Equipment                              $3,100

                               Cash                                                         $3,100

6. To record Paid wage expenses for cash

Date         Account titles and explanation         Debit            Credit

April 10             Wages Expenses                      $2,000

                                   Cash                                                     $2,000

7. To record Collected cash from customers provided services billed April 5.

Date         Account titles and explanation         Debit            Credit

April 11           Cash                                               $1,800

             Accounts Receivable                                                  $1,800

8.To record the Purchase of  land by  signing note and giving a  down payment.

Date         Account titles and explanation         Debit           Credit

April 12           Land                                          $14,000

                     Cash                                                                    $2,800

                Notes payable                                                         $12, 200

9. To record the Issuance of  common stock for building an office

Date         Account titles and explanation         Debit            Credit

April 13        Office Building ( 1700 x$40)          $68,000

                        Common Stock                                               $68,000

10.To record Performed services on account.

Date         Account titles and explanation         Debit             Credit

April 14         Accounts Receivable                  $2,800

              Service Revenues                                                      $2,800

11. To record unpaid utilities bill to be paid in the next month.

Date         Account titles and explanation         Debit             Credit

April 15           Utilities expense                          $700

               Utilities payable                                                          $700

7 0
3 years ago
A 60-year old customer has a 401(k) account with your firm that has $280,000, mainly invested in growth mutual funds. The custom
pychu [463]

Answer:

Money market instruments is the best place for the investment.

Explanation:

Money market instruments are securities that provide businesses, banks, and the government with large amounts of low-cost capital for a short period of  time, less than a year. Most of the money market instruments such as treasury bills, commercial papers, certificate of deposits etc provide fixed returns so this money market instrument is considered the best for investing money for good profit.

4 0
3 years ago
Diane heads an event management company called Venus Inc. The company encourages an innovative and creative approach to work. Di
UkoKoshka [18]

Answer:

c. Diane should target a vision for a desired future.

Explanation:

  • As Diane heads the event management of the company she can create a creative work approach for the company by the creation of a future of planned actions.  
  • <u>And can target the vision statement of the company that is more innovative and concrete. Thereby making changes in the future mission of the company.</u>
3 0
3 years ago
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