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aalyn [17]
3 years ago
5

How gross profit or loss is calculated​

Business
1 answer:
vampirchik [111]3 years ago
8 0

Answer: See explanation

Explanation:

The Gross Profit for a company simply refers to the income that a particular company has left after the company has paid it's direct expenses that was incurred during production.

The formula to calculate the gross profit is:

Gross Profit = Revenue – Cost of Goods Sold.

In a case whereby the cos of goods sold is more than the revenue, we will get a gross loss.

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You need to accumulate $10,000. To do so, you plan to make deposits of $1,100 per year - with the first payment being made a yea
guapka [62]

Answer:

Explanation:

Using future annuity formula

Fv = Pmt ( (1+r)ⁿ -1 )/ r

\frac{FVr}{Pmt}  + 1 = (1+r)ⁿ

In ( \frac{FVr}{Pmt} + 1) = n In ( 1+r)

n =  In ( \frac{FVr}{Pmt} + 1)  / In ( 1 + r)

FV, future value = $10,000, Pmt, periodic payment per year = $1,100, r rate = 11.82% = 0.1182 and n =  number of years

n = 0.7297 / 0.11172 = 6.53 years approx 7 years

the last year payment will actually be less than $1,100

6 0
4 years ago
homeworklib Assume the following for White Top Inc. for the current fiscal year. White Top applies overhead on the basis of unit
Naya [18.7K]

Answer:

50,500 Units

Explanation:

The computation of the number of units produced is shown below:

Overhead rate is

= $200,000 ÷ 50,000 units

= $4 per unit

The Actual overhead is $222,000

So,

Under applied overhead is $20,000

Now

Applied overhead is

= $222,000 - $20,000

= $202,000

And, finally

Actual unit produced is

= $202000 ÷ 4

= 50,500 Units

6 0
3 years ago
Which of the following is NOT one of the main motivations and characteristics of an entrepreneur?
mojhsa [17]

Process of elimination:

Flexibility is a characteristic because entrepreneurs are designing their own path (path being vague for whatever their entrepreneurship is focused on), allowing for flexibility

Risk is a characteristic because being on your own and doing your own thing is much more unstable than simply working for a well-founded company

Innovation is a characteristic, because the flexibility that comes from being an entrepreneur allows for freedom of ones own ideas, making innovation more likely.

Profit is not a particular characteristic, due to the risk factor.

Profit is the right answer :D

6 0
3 years ago
As a result of conducting a gap analysis, the potential entrepreneur proved there was a need for the business. This is called do
Vera_Pavlovna [14]

Answer:

due diligence

Explanation:

Due diligence refers to an entrepreneur or a business man/woman basically doing their homework, i.e. investigating thoroughly about a business opportunity before deciding to accept a business proposal, enter a new market, or start a new business.

Many times, management is required by law to perform due diligence before entering a new business or signing certain contracts, but it is just common sense that before you start a new business you will try to find out if the business is feasible or not.

7 0
4 years ago
A candidate may apply to multiple jobs at the company Universal Containers by submitting a single application per job posting. O
adoni [48]

Answer:

Create a master-detail relationship in the Application Custom object to the Job Postings custom object.

Explanation: Job Posting is a channel through which the human resource management of an organization posts all its available vacancies internally in the organization to give an opportunity for its existing employees who wish to change their fields and work in different departments.

7 0
3 years ago
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