Answer:
129 bracelets and 59 necklaces.
Explanation:
Kings departments store wants to maximize profit by making a combination of its two products necklaces and bracelets. The King store should use a strategy so that it can generate maximum profit with its available rubies, diamonds and emeralds.
$250a + $500b = Maximum Profit
For rubies : 2a + 5b = 625
For Diamonds : 3a + 7b = 800
For Emeralds: 4a + 3b = 700
Solving the equation we get maximum profit value of $61,750.The King departments stores should make 129 bracelets and 59 necklaces which will bring maximum profit to the store.
Answer:
c. Debit to Cash and a credit to Merchandise Inventory
Explanation:
When a buyer returns goods these are return outwards,
The correct entries to record them would be to debit cash as goods have been returned and credit the merchandise purchased so,
Debit cash account with the amount of goods returned
Credit Merchandise inventory with the amount of goods returned.
Hope that helps.
<span>The sales in 2018 will be $800,000. Let the sales in 2018 be x and 13% increase shows 1.13x and the calculation will be done by dividing 904000 with 1.13 and the answer will be 800000. This is simple calculation as the question is showing that the sales in 2018 were less so that answer is also checked.</span>
Answer:
The correct answer is letter "B": Accounting centralizes and organizes processes.
Explanation:
Managerial Accounting is internally-based accounting that helps managers measure the results of their decisions. This is in contrast to financial accounting which emphasizes in more general, higher-level financial results of the company.
One common managerial accounting tool in determining the profit margin in each of the company's products. This information helps managers set product prices and ensure they are making appropriate profit margins.
The question is incomplete as it is missing the figures. The complete question is,
Mercer, Inc. provides the following data for 2019:
Net Sales Revenue 598000
Cost of Goods Sold 350000
The gross profit as a percentage of net sales is ________. (Round your answer to two decimal places.)
Answer:
Gross profit as a percentage of net sales = 0.4147 or 41.47%
Explanation:
The gross profit is a profit earned by a business through its trading activity. It is calculated by deducting the cost of goods sold from the net sales revenue and it is the profit earned by a business before deducting any operating and non operating expenses of the business.
Gross profit = Net Sales - Cost of goods sold
Gross Profit = 598000 - 350000 = $248000
The gross profit as a percentage of net sales is,
Gross profit as a percentage of net sales = Gross profit / Net Sales
Gross profit as a percentage of net sales = 248000 / 598000
Gross profit as a percentage of net sales = 0.4147 or 41.47%
