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
There are several motives for UPS to delve into networking technology, which include: enhancing its company visibility, securing reliable connections, fostering growth by creating positive influences, exploring new opportunities, and generating referrals
Explanation
Networking technology involves utilizing connected systems through optical cables, satellites, and wireless networks for data and communication resources across various locations to establish an information relay infrastructure. From a strategic operational perspective, networking technology can enable the company to reach a broader clientele, acquire essential business knowledge, and ultimately achieve substantial growth and increased profits over time. Currently, through networking efforts, businesses share successes and failures with one another to comprehend challenges and promote faster growth.
Answer:
50%
Explanation:
To determine the margin on price, calculate the variance between the selling price and production cost, then divide that result by the product's price:
Margin=(2-1)/2
Margin=1/2
Margin=0.5 → 50%
Thus, the margin on price calculates to 50%.
