Answer:
Cost of goods sold is $7,700
Gross Profit is $2,300
Explanation:
Cost of goods sold is Cost of goods available for sale less ending merchandise inventory. Ending merchandise understated by $300 means ending merchandise was accounted $300 less. So, $300 need to be added to ending merchandise. No ending merchandise is $2,300 (2,000 + 300)
Cost of goods sold will be 10,000 - 2,300 = $7,700
Gross profit is sales revenue less cost of goods sold which is computed as shown below:
Gross profit = 10,000 - 7,700
= $2,300
Answer:
Needs, wants, and ability to purchas
Explanation:
There is no reason to focus on consumer needs thousands of years ago. But we can say that technological advances and communication are wreaking havoc in this regard. Trends and fashions mark each day more than we want to obtain, consume and buy. And that has multiplied by a thousand in the last hundred years
Answer:
$1,300
Explanation:
Given that,
On November 15, 2021
sold gift cards = $1,950
Of the gift cards sold in November,
Redeemed in November = $195
Redeemed in December = $455
Therefore, the deferred revenue is as follows
= November sales - Redemptions
= November sales - (Redeemed in November + Redeemed in December)
= $1,950 - ($195 + $455)
= $1,950 - $650
= $1,300
Answer:
Explanation:
We shall apply the concept of coefficient of variation to know the consistency of data
coefficient of variation
= standard deviation / mean or average
In case of City A
coefficient of variation = 86 / 820
= .1048
In case of City B
coefficient of variation = 75 / 790
= .0949
Since it is less for city B , rent for this city is more consistence or with less of variation
So the conclusion is false.
Let X be the time or period needed for an automobile center to finish an oil change.
X ∼ N (17, 2.5)
a)
P(X ≥ 20) = P((X - 17)/5 ≥ (20- 17)/2.5) = P(Z ≥ 1.2) = .1151 *100 = 11.51% is the answer
b)
P(X ≥ x) = 0.07
P (X - 17)/2.5 ≥ (x - 17)/2.5) = 0.07
P (Z ≥ z) = 0.07
look at the z table, 0.07 lies between 1.47 and 1.48, add and then divide you'll get:z = 1.475
1.475 = (x - 17)/2.5
x = 20.6875 ≈ 21 minutes
