Answer:
Results are below.
Explanation:
<u>A: To calculate the gross profit, we need to use the following formula:</u>
Gross profit= sales - cost of goods sold
Gross profit= 990,000 - 693,000
Gross profit= $297,000
B: <u>Now, the gross profit percentage:</u>
Gross profit percentage= (gross profit / sales)*100
Gross profit percentage= (297,000 / 990,000)*100
Gross profit percentage= 30%
C: F<u>inally, a net income is reported in the income statement at the moment of the sale</u>. It doesn't matter if the sale was paid or not.
Answer:
$267.1211
Explanation:
return on preference share per unit is $6 , thus at 12% annual rate of return. Initial value of preference shares will be $50 per unit ( $6 divided by 12%).
Total value of preference shares = $50 multiplied by 100 preference shares = $5000
Future value of preference shares = 5000 (1.12)^5 = $8,811.7084
to find the value of money to be deposited to be able to buy the preference shares at the end of 5 yrs.
we work back to get the present value using the mutual fund annual rate
$8811.7084 = pv (1.06)^60 the rate is compounded monthly. Hence we shall compound the return 60 times in 5 years
Bank account money = 8811.7084 divided by 32.9877 = $267.1211
Answer:
Lack of communication can cause minunderstanding and confusion with both parties
Explanation:
Answer:
$600,000
Explanation:
For computing the overhead applied first we have to find out the predetermined overhead rate
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine hours)
= $800,000 ÷ 200,000 hours
= $4
Now the overhead applied is
= Actual direct labor-hours × predetermined overhead rate
= 150,000 hours × $4
= $600,000
<span>it must include limited resources and making a choice.
Economy is the knowledge that teach us how to allocate limited resource in order to obtain as much value as possible.
To obtain that kind of value, it will involve making a choice after considering our situation, our capabilities, and our competitors</span>