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2 years ago

Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system.

Business

1 answer:

Zanzabum2 years ago

8 0

Answer:

Campus Stop, Inc.

Partial Income Statement

Sales revenue $323,300

Sales returns ($1,730)

Sales discounts and allowances ($2,270)

Net sales $319,300

Cost of goods sold ($172,870)

Gross profit $146,430

Gross profit margin = $146,430 / $319,300 = 45.86%

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The Work in Process Inventory account of a manufacturing company has a $3,550 debit balance. The company applies overhead using

DanielleElmas [232]

Answer:

$1,070

Explanation:

Calculation to determine the amount of applied overhead is:

Using this formula

Applied overhead = Total cost of WIP - Direct materials - Direct labor

Let plug in the formula

Applied overhead= $3,550 - $1,610 - $870

Applied overhead=$1,070

Therefore the amount of applied overhead is:$1,070

5 0

2 years ago

Katherine mailed Paul an offer with definite and certain terms and that was legal in all respects stating that it was good for10

jok3333 [9.3K]

Answer:

The correct answer is : Yes, the offer was revoked by Katherine.

Explanation:

Even if Paul replied Katherine with the acceptance to the first offer, he used a different means of communication to do that -e-mail v. mail. In addition, Katherine sent the revoke by mail -as in the initial offer- before Paul sent his e-mail. So, there is enough proof on Katherine's end that she didn't want to proceed with the offer before Paul confirmed his agreement on the terms. In that sense, Katherine did revoke the initial order.

5 0

3 years ago

An organization such as conagra that has dozens of different divisions with similar products will probably have the greatest suc

Artist 52 [7]

That one structureasfa

6 0

2 years ago

Parker Corp., which operates on a calendar year, expects to sell 3,000 units in October, and expects sales to increase 10% each

pogonyaev

Answer:

total revenue = is 99300

Explanation:

given data

expects to sell in October = 3,000 units

expects sales to increase = 10%

Sales price stay constant = $10 per unit

solution

we get revenue hereby the sum of revenue of oct + nov + dec

revenue = price × quantity .........................1

total revenue = is 99300

8 0

2 years ago

"'Suppose that while in college, you saved money by eating generic fruits and vegetables from the grocery store. Now, suppose th

zysi [14]

Answer:

Normal goods

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls.

I increase my demand for organic fruits and vegetables when my income increased. This shows they are normal goods.

Generic fruits and vegetables are inferior goods.

Inferior goods are goods whose demand falls when income rises and increases when income falls.

I hope my answer helps you

8 0

3 years ago