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vekshin1
2 years ago
7

sykes company has sales revenue of $585,700. Cost of goods sold before adjustment is $335,900. The company's actual manufacturin

g overhead is $92,000, while allocated manufacturing overhead is $104,400. What is the actual gross profit
Business
1 answer:
romanna [79]2 years ago
4 0

Answer:

Actual gross profit $262,200

Explanation:

The computation of the actual gross profit is as follows;

Allocated manufacturing overhead

$104,400

Actual manufacturing overhead

$92,000

Over applied manufacturing overhead

$12,400

Unadjusted cost of goods sold

$335,900

Less:

Over applied manufacturing overhead

($12,400)

Adjusted cost of goods sold

$323,500

Sales revenue

$585,700

Less:

Adjusted cost of goods sold

($323,500)

Actual gross profit

$262,200

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As the manager of High Speed Records, you have signed a new artist to the label. There are three different outcomes for investin
STatiana [176]

Answer:

0.2 or 20%

Explanation:

The three possible outcomes, with respective probabilities and returns, as follows

Outcome 1: Probability (P) = 0.35, Return (R) = 0.20

Outcome 2: Probability = 0.25, Return = 0.36

Outcome 3: Probability = 0.40, Return = 0.10.

The expected return will be computed as follows.

Expected Return = (P_{1} *R_{1})  + (P_{2} *R_{2}) + (P_{3} *R_{3})

= (0.35*0.20) + (0.25*0.36) + (0.40*0.10)

= 0.07 + 0.09 + 0.04

= 0.2

Therefore expected return = 0.2 or 20%

4 0
3 years ago
Oscar's Flower Shop maximizes profits by hiring four workers in a perfectly competitive labor market. The workers and their valu
Irina-Kira [14]

Answer:

In equilibrium, each worker is paid his or her value of the marginal product of labor.

Explanation:

Here are the missing option of the question:

  • In equilibrium, each worker is paid his or her value of the marginal product of labor.
  • Each worker is paid a wage equal to the highest value of the marginal product of labor(i.e., $40)
  • Each worker is paid $15.
  • We need to know the product price before we can figure out the wage rate.

As per marginal theory of productivity of income distribution, Income of each factor production is equal to its marginal productivity.

Marginal productivity is one additional unit of production by one unit additional unit of factor, which bring changes in total production. Firm hire labor till marginal revenue product of labor is more than wage rate of labor. The point at which Marginal revenue product of labor is equal to wage rate labor is the labor market equilibrium.

6 0
3 years ago
After years of using a mass marketing strategy, Digital Print Shops has responded to new competition from national chain stores
riadik2000 [5.3K]

Answer:

B : Niche marketing

Explanation:

Niche marketing is a form of target marketing where a supplier focuses his marketing efforts towards a particularly small group. His services are usually modelled to the interest of his target market. An example is a pet furniture maker dog houses and other furniture targeted at dogs for purchase by dog lovers.

5 0
3 years ago
You have a opportunity to be hired into a exciting new career. Explain what types of clothing you would wear to the interview an
OLga [1]

Answer:

I would wear something simple not to flashy like some black pants with a button up top and a blazer I think that is very professional. I would use my communication skills by using eye contact not interrupting and asking questions if I don’t understand something. Also I would try my best to answer the questions they ask to the best of my ability and use a good speaking voice and good grammar. Hope this helps!!

3 0
3 years ago
A minor bought an Ernie Banks baseball card from a baseball card store. The card was marked $12, and the inexperienced clerk who
krok68 [10]

Answer: No. The owner cannot get the card back because of the minor’s lack of capacity

Explanation:

From the information given, we are told that a minor bought a baseball card from a baseball card store for $12, even though the price was $1,200.

It should be noted that the owner cannot get the card back based on the minor’s lack of capacity. In this case, the idea is to protect the minor, therefore the minor who bought the baseball card is the one that can disaffirm or cancel the contract. In this case, the adults are bound to the contract.

The baseball card will only be gotten if the minor wishes to give it back.

4 0
3 years ago
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