Answer:
Lopez Sales Company
1. The gross margin recorded by Lopez is as follows:
Sales total = $81,600
Deducting cost of sales = $38,400
Gross Margin = $43,200
2. The gain on the land sale recognized by Lopez amounts to:
Land details:
Selling price = $81,000
less cost = $43,200
Gain on sale = $37,800
Explanation:
a) The gross margin represents the difference between the selling price and the cost price of a good. It indicates profit prior to accounting for operational expenses to determine net income or margin.
It gauges whether the business can generate sufficient income to meet typical operating costs such as rent, utilities, and employee wages.
b) The gain from the sale of any capital asset is the difference between the selling price and the book value (cost). Such a gain is separately presented in the income statement and may be subject to capital gains tax.
Answer:
The likelihood that neither of the stocks will rise is 0.14.
Explanation:
According to the Complement Rule, the combined probabilities of an event and its complement total 1.
Given the probabilities of Stock A or B increasing, to find the likelihood that neither will happen, we need to consider their complements.
The complement for Stock A =1-0.54=0.46
The complement for Stock B =1-0.68=0.32
To calculate the probability of both events not occurring, we multiply these complements.
The probability that neither of these two events occurs is 0.46 x 0.32 = 0.1472
Net income or (Loss) = $43,128.
The provided information states that:
Elegant Decor Company
Forecasted annual income statement
Under the strategy to eliminate Department 200
Sales = $437,000
Cost of goods sold = $261,000
Gross profit = $176,000
Operating expenses
Direct expenses:
Advertising = $15,500
Store supplies utilized = $4,500
Depreciation of Store Equipment = $4,200
Total Direct Expense = $24,200
Allocated Expenses:
Sales Salaries = $64,000
($104,000-2×$24,200+($31,200÷2) = $40,000)
(104,000-$40,000)
Rental Expenses = $14,180
Bad debt expense = $9,400
Office salary = $15,600
($31,200 - ($31,200 ÷ 2))
Insurance expense = $1,724
($2,200 - $476)
Miscellaneous expense = $3,728
($4,000 - $272)
Total Allocated Expenses = $108,632
Total Expense = $132,872
($108,632 + $24,200)
Net income or (Loss) = $43,128
($176,000 - $132,872)
Answer:
Part A:
Required workers=20.833≅21
Part B:
Each worker's productivity=2.0833 parts/hour
Part C:
Multifactor productivity=0.0832 Parts/$
Explanation:
Part A:
Total parts produced =100,000
Workers required= Total parts/(Parts per hour* hours per shift*Total Shifts)
Workers required=20.833≅21
Part B:
Individual worker productivity:
Part C:
Total material costs= $10*100,000=$1,000,000
Capital cost= $100,000
Total labor expenses=
Total labor expenses=$100,800
Multifactor productivity=Total Parts/(Total material costs+capital costs+Total labor expenses)
Answer:
The total comes to $121.2.
Explanation:
You went grocery shopping and paid with a check.
Cost of groceries: $45.20.
Your check bounced, resulting in a $25 fee from the bank due to insufficient funds in your account at the time of payment for groceries.
The bank also charged your account an additional $25 for the bounced check.
The grocery store notified you that you owed them a $25 fee because of the bounced check.
You will need to pay $45.20 again.
Money order cost: $1.
Therefore, your total grocery expenditure equals:
$45.20 (actual grocery cost) + $25 (owed to the bank for your friend's bounced check) + $25 (bank fee for bounced check) + $25 (fee charged by the grocery store for the bounced check) + $1 (money order)
= $121.20.
Thus, your actual outlay for groceries amounts to $121.20.
