Answer:
Gross profit $39,000
Explanation:
X company
Income statement ( parochial)
For the year ended, June 30 20YY
Sales revenue $104,000
Less: cost of goods sold $65,000
Gross profit $39,000
In that case, we do not use Income tax expense, Operating expenses, Deferred revenues, Non-operating revenues because those will be needed when we will calculate the net income.
Answer:
D. Product Invention
Explanation:
KFC added many items in the menu list when they opened their restaurants at China. By doing this KFC tries to incorporate the local cuisine of Chinese foods into their menu.
In China, KFC invented a new dish and named it the "Dragon Twister". In this dish, it contains a chicken wrap with Peking duck sauce on it. It highly resembles the local food of China.
Thus KFC tries to promote and do marketing of its product in China by inventing new dishes which is similar to the local Chinese food and adding it to the menu list of KFC.
By this, Chinese people will be attracted towards KFC and will come to try their newly invented "Dragon Twister".
Thus, the answer is D. Product Invention.
If he sells the shares at 30 per unit, the equation would be:
30*26000=780000
If he lowers the price to 29 per unit and ups the demand by 1k, it would be:
29*27000=783000
The resulting change would net him an additional 3000 dollars, so your answer would be B.
Solution:
Activity Units Units cost Cost of Goods Available
Beginning Inventory 11 $65.00 $715
1st week purchase 11 $66.00 $726
2nd week purchase 11 $67.00 $737
3rd week purchase 11 $70.00 $770
4th week purchase 11 $75.00 $825
Units available for sale 55
Cost of goods available for sale $3,773
A low deductible plan is the type of insurance that will require the driver to pay less out of pocket. If a person has a high deductible plan, the out of pocket payment would be a lot higher. A low deductible plan has much higher premiums that must be paid. The high deductible insurance has much lower premiums. After a wreck that is caused by the driver, most insurances will raise the premiums paid. Unless you with an insurance company that accident forgiveness plans. The correct answer to this question is B. Low Deductible Plan.
