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My name is Ann [436]
3 years ago
12

Using the information below, calculate gross profit for the period:    Beginning Raw Materials Inventory$25,000 Ending Raw Mater

ials Inventory 30,000 Beginning Work in Process Inventory 55,000 Ending Work in Process Inventory 64,000 Beginning Finished Goods Inventory 80,000 Ending Finished Goods Inventory 67,000 Cost of Goods Sold for the period 540,000 Sales revenues for the period 1,254,000 Operating expenses for the period 232,000
Business
1 answer:
nevsk [136]3 years ago
5 0

Answer:

Gross Profit                  714,000

Explanation:

Gross Proft: is the diference between the sales revenue and the cost of the goods sold.

Sales revenue          1,254,000

Cost of Goods Sold    (540,000)

Gross Profit                  714,000

note: All the other account and values are irrelevant to determinate the gross profit.

<u>Other way to calculate gross profit:</u>

(sale price per unit - cost per unit) x unit sold

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The Kraus Steel Company ended producing about 7900 tons of inventory during the month of October.

<h3>What is inventory?</h3>

The amount of finished goods available in the warehouses or storage of an organization during a given period, which is ready to be sold in the market, is known as the inventory.

The produced inventory can be calculated using the given information as,

Inventory produced=Beginning Work in Process-Ending Work in Process

Inventory Produced =11300-3400=7900 tons

Hence, the significance of inventory produced is aforementioned.

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1 year ago
Sun Technologies, a cell phone manufacturing company, decided to change the operating system of its phones to eliminate the prob
larisa86 [58]

Answer:

Unfreezing

Explanation:

There are three phases of organizational change. Sun Technologies can be said to be at its unfreezing stage.

The organization must properly communicate with its employees and consumers at each level of changes they are.

  • At the unfreezing stage, the goal is to change the mindset and belief of the consumers about a particular process being deployed.
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8 0
3 years ago
In an economy where the money supply and aggregate demand have been decreased by the central bank, you know that the central ban
natima [27]

In an economy where the money supply and aggregate demand have been decreased by the central bank, you know that the central bank is using a contractionary monetary policy.

In an economy, changes in the money supply leads to changes in aggregate demand. An increase in the money supply increases aggregate demand and a decrease in the money supply decreases aggregate demand.

When a central bank takes action in order to decrease the money supply and increase the interest rate, it is following a contractionary monetary policy. Thus, the central bank requires Southern to hold 10% of deposits as reserves.

Hence, the decrease in the money supply reduces income and raises the interest rate.

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4 0
1 year ago
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Anuta_ua [19.1K]

Answer:

Unfair Claims Settlement Practices Act

Explanation:

Here fundamentally, the act which will be acted on the given sentence is generally known as Unfair Claims Settlement Practices Act. Unfair claims practice is the inappropriate restraint of a request by an insurer or an endeavor to diminish the intensity of the claim. By interlacing in unfair claims practices, an insurer strives to diminish its values. Nevertheless, this is unlawful in various jurisdictions. Additionally, most maximum states possess formulated a version of this type of rule. Denominated essentially the Unfair Claims Settlement Practices Act, it defends safeguard consumers from the unfair manner by insurers in the appeals settlement method.

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3 years ago
This selection implies that the author believes sales of the Nestlé chocolate bar soared because __________.
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The best and most correct answer among the choices provided by your question is the third choice or letter C.

Nestlé chocolate bar soared because people loved making cookies with Nestlé chocolate bars.

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
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