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elixir [45]
3 years ago
6

g Financial information is presented below: Operating Expenses $ 90,000 Sales Returns and Allowances 26,000 Sales Discounts 12,0

00 Sales 300,000 Cost of Goods Sold 158,000 Gross profit would be
Business
1 answer:
zheka24 [161]3 years ago
7 0

Answer:

$104,000

Explanation:

Calculation to determine what Gross profit would be

Using this formula

Gross profit=Sales -Cost of Goods Sold -Sales Returns and Allowances-Sales Discounts

Let plug in the formula

Gross profit=$300,000-$158,000-$26,000- $12,000

Gross profit=$104,000

Therefore Gross profit would be $104,000

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Your grandfather put some money in an account for you on the day you were born. You are now years old and are allowed to withdra
sergij07 [2.7K]

Answer:

Missing word <em>"You are now 18 years old and are allowed to withdraw the money for the first time. The account currently has $3996 in it and pays an 8% interest rate."</em>

a.  At 18 years, future value of current amount (compounded for another 7 years at 8%)

= $3,996 * (1.08)^7

= $3,996 * 1.7138

= $6,848.34

b. At age 65, future value of this amount (compounded for another 40 years at 8%)

= $6,848.44 * (1.08)^40

= $6,848.44 * 21.7245

= $148,779.93

c. Future Value = Present Value * (1 + Interest Rate)^n

So, let initial the money deposited be represented by Y

=> $3,996 = Y * (1.08)^18

=> $3,996 = Y * 3.996

Y = $3,996 / 3.996

Y = $1,000

8 0
2 years ago
What is the present value of receiving $100 investment two years from now at a 10 percent annual discount rate
guapka [62]

Answer: $121

Explanation:

The question simply wants us to find the present value of receiving $100 investment two years from now at a 10 percent annual discount rate.

This can be easily solved as follows:

For the first year, the $100 will be worth:

= $100 + ($100 × 10%)

= $100 + ($100 × 0.1)

= $100 + $10

= $110

The worth at the end of the second year will then be:

= $110 + ($110 × 10%)

= $110 + $11

= $121

8 0
3 years ago
Dear Mr. Chandler: The early bird catches the worm! Register at MyBirdWatch.com now and be one of our first 100 members. Read on
NeX [460]
Hmmm who’s Mr.Chandler here
3 0
2 years ago
Conversion costs are a.direct materials and factory overhead b.direct materials and indirect labor c.direct materials and direct
Digiron [165]

Answer:

d.factory overhead and direct labor

Explanation:

The conversion cost is a mix of the direct labor and the factory overhead or the manufacturing overhead

In mathematically,

Conversion cost = Direct labor + factory overhead

It is that cost which includes direct labor cost and manufacturing overhead cost only. It means that it excludes the direct material cost. Like - depreciation, factory rent, factory supplies, etc

4 0
3 years ago
A. Stockbrokers execute trades on the floor of the New York Stock Exchange on behalf of account executives. B. Stockbrokers are
Lilit [14]

Answer:

The correct answer is A. Stockbrokers execute trades on the floor of the New York Stock Exchange on behalf of account executives.

Explanation:

The main function of a stockbroker is to provide advice to other people who do not have the necessary experience to carry out operations in the different financial markets. The stockbroker stands out for having extensive knowledge in finance and fulfilling an active and important role in the stock market. You could say that the stockbroker acts as an intermediary, that is, a person who is between the broker and the investor who is interested in buying or selling.

The stockbroker guides and advises its clients in finance so that they can obtain the best possible returns. It is also responsible for managing purchases and other operations performed by its customers. Then it can be said that the work cycle of a broker begins when one of its clients buys an asset, and ends when it sells it and definitively closes the operation.

8 0
3 years ago
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