cushman company had $830,000 in net sales, $363,125 in gross profit, and $207,500 in operating expenses. cost of goods sold equals:
Answers
The cost of goods sold for Cushman Company is $466,875.
1. The cost of goods sold (COGS) is an important figure on the income statement that represents the direct costs of producing or purchasing the goods that were sold during a period.
2. To calculate the COGS, we need to start with the company's beginning inventory, add the cost of goods purchased or produced during the period, and subtract the ending inventory.
3. However, in this problem, we are not given the beginning and ending inventory amounts, so we need to use a different approach to calculate the COGS.
4. We know that the company had $830,000 in net sales and $363,125 in gross profit. Gross profit is calculated as net sales minus cost of goods sold.
5. Therefore, we can use the formula for calculating gross profit to solve for the COGS:
Gross profit = Net sales - Cost of goods sold
$363,125 = $830,000 - Cost of goods sold
Cost of goods sold = $830,000 - $363,125
Cost of goods sold = $466,875
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Related Questions
Depreciation is recorded on the income statement as _____.
A. a revenue that reduces net income
B. an expense that reduces net income
C. a revenue that increases net income
D. an expense that increases net income
Answers
It should be noted that depreciation is recorded on the income statement as a revenue that reduces net income.
What is depreciation?Depreciation can be regarded as the diminution in the utility as well as the value that is been associated to an asset.
These fixed assets could be;
buildings furnitureoffice equipmentmachineryTherefore, option A is correct because depreciation is recorded on the income statement.
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Answer: Depreciation is an expense that decreases net income.
Explanation: Depreciation is an expense — that’s the whole point of it, it’s taking out your cost for a large expense that you use for multiple years over the lifetime of that asset, rather than all in one year. So it’s always an expense.
Any expense decreases your net income.
QED.
which type of services offer very few or no tangible products to customers? which type of services offer very few or no tangible products to customers? pure services end product services state utility services self-services
Answers
Pure services type of services offer very few or no tangible products to customers.
What is tangible products?Anything that you can touch physically is considered a tangible asset, including stock, structures, and copying equipment.
Businesses place a high value on tangible assets since they account for a large portion of the company's value. The assets may be used as loan collateral and make it simpler for businesses to obtain the finance they want to continue operating when a firm can demonstrate this worth with solid paperwork.
Both a rock and a damaged window are palpable; if the rock is laying close to the glass, it may be visible proof of vandalism. When we remark that a room's tension is "tangible," we imply that we can almost physically feel it there.
Thus, pure substance is correct answer.
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Definition of literature
Answers
Answer:
writings in which expression and form, in connection with ideas of permanent and universal interest, are characteristic or essential features, as poetry, novels, history, biography, and essays
Explanation:
Answer:
the art of written works, and is not bound to published sources (although, under circumstances they can be exempt).
Explanation:
\ Comm Devices (CD) is a division of Worldwide Communications, Inc. CD produces restaurant pagers and other personal communication devices. These devices are sold to other Worldwide divisions, as well as to other communication companies. CD was recently approached by the manager of the Personal Communications Division regarding a request to make a special emergency-response pager designed to receive signals from anywhere in the world. The Personal Communications Division has requested that CD produce 9,900 units of this special pager. The following facts are available regarding the Comm Devices Division. Selling price of standard pager Variable cost of standard pager $97 $49 $36 Additional variable cost of special pager For each of the following independent situations, calculate the minimum transfer price, and determine whether the Personal Communications Division should accept or reject the offer. The Personal Communications Division has offered to pay the CD Division $112 per pager. The CD Division has no available capacity. The CD Division would have to forgo sales of 7,920 pagers to existing customers in order to meet the request of the Personal Communications Division. (Note: The number of special pagers to be produced does not equal the number of existing pagers that would be forgone.) (Round answer to 2 decimal places, e.g. 125.36.) Minimum transfer price
Answers
Since the Personal Communications Division has offered to pay $112 per pager, they should reject the offer as it is below the minimum transfer price. Therefore, the minimum transfer price would be $126.00 per pager.
Calculation of the given question:Variable cost of standard pager + Additional variable cost of special pager = Total variable cost
$49 + $36 = $85
Selling price of standard pager - Total variable cost = Contribution margin per unit
$97 - $85 = $12
Contribution margin per unit * Number of forgone sales = Opportunity cost
$12 * 7,920 = $95,040
Opportunity cost + Total variable cost of special pager = Minimum transfer price
$95,040 + $36 = $95,076
$95,076 / 750 = $126.00
Since the Personal Communications Division has offered to pay $112 per pager, they should reject the offer as it is below the minimum transfer price. Therefore, the minimum transfer price would be $126.00 per pager.
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Use the Leontief method to solve 1.A simple economy consists of three sectors:agriculture(A).manufacturing(M).and transportation (T).The input-output matrix for this economy is given by practuract AMT 4[0.40.0.1 consomedMo.1 0.40.3 T0.20.20.2 a. If the units are measured in millions of dollars,determine the amount of agricultura products consumed in the production of $100 million worth of manufactured goods b. Determine the dollar amount of manufactured products required to produce $200 million worth of all goods in the economy. c. Which sector consumes the greatest amount of agricultural products in the production of a unit of good in that sector? The least?
Answers
700 million dollars worth of agricultural goods are consumed in the production of $100 million worth of manufactured goods.b.
Leontief MethodLeontief Method is also known as input-output analysis. It is a mathematical approach used to evaluate the economic impacts that arise from increased demand on the inputs of a particular sector or industry of an economy.
The Leontief method employs matrices of data to analyze interdependent economic activities. The coefficients used in the matrix are known as the input-output coefficients.
The input-output matrix shows the dependence of each economic sector on other sectors to purchase its outputs and to supply the inputs required for its production.
The input-output matrix for the simple economy is shown below:
\($$\begin{bmatrix} A & M & T\\ A & 0.4 & 0.0 & 0.1\\ M & 0.1 & 0.4 & 0.3\\ T & 0.2 & 0.2 & 0.2 \end{bmatrix}$$\)
a. If the units are measured in millions of dollars, determine the amount of agricultural products consumed in the production of $100 million worth of manufactured goodsLet the quantity of agricultural goods consumed in the production of $100 million worth of manufactured goods be x.
Since agricultural and transportation goods do not contribute directly to the production of agricultural goods, their entries are zero in the vector of intermediate
inputs for the agricultural sector.The intermediate inputs for manufacturing sector are given by\(:$$\begin{bmatrix} 0.1 \\ 0.3 \end{bmatrix}$$\)
Therefore, the total quantity of agricultural goods consumed is:
\($$\begin{aligned}0.1x + 0.3(100) &= 100\\0.1x &= 70\\x &= 700\end{aligned}$$\)
Therefore, 700 million dollars worth of agricultural goods are consumed in the production of $100 million worth of manufactured goods.b.
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The Florida Department of Highway Safety and Motor Vehicles says the cost of a single _______ arrest can exceed $20,000.
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The cost of a single impaired arrest can exceed $20,000 according to the Florida Department of Highway Safety and Motor Vehicles
The Florida Department of Highway Safety is responsible for ensuring road user abide to the state road laws and regulations.
The state imposes a high sanction for any driver found driving drunk which means he/she is involved in Impaired driving.
Hence, the cost of a single impaired arrest can exceed $20,000 according to the Florida Department of Highway Safety and Motor Vehicles
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It has been said that the advantage that leading edge retailers such as Well and Wal-Mart have over their competition is'nt technology ,it's their Management .Do you agree ? why or why not?
Answers
I agree that the advantage leading edge retailers have over their competition is not solely based on technology, and that management plays a crucial role.
Technology has become an integral part of retail operations, making it essential for all retailers to have a good technological infrastructure. However, technology alone cannot ensure success in a fiercely competitive market. It is the management team's strategic vision, strong leadership, efficient decision-making, and effective execution that truly determines a retailer's success or failure.
Leading edge retailers such as Well and Wal-Mart have invested heavily in the development of their management teams, creating a strong and cohesive unit that works together to achieve the company's goals. These companies have also established a culture of innovation, constantly striving to improve their strategies and stay ahead of the competition, all due to the efforts of their efficient management.
Therefore, I believe that the management team's expertise is the key factor that sets leading edge retailers apart, giving them a distinct advantage over their competitors, which cannot be ignored in today's highly competitive market.
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Many people are concerned about the rising price of gasoline. Suppose that government officials are thinking of capping the price of gasoline below its current price. Which of the following outcomes do you predict will result from this policy?
Answers
If government officials decide to cap the price of gasoline below its current market price, there will likely be several outcomes, both positive and negative.
Firstly, the positive outcomes. Capping the price of gasoline will mean that consumers will be able to purchase fuel at a cheaper price than what they are currently paying. This will be beneficial for people who are struggling to make ends meet, as it will allow them to save money on their daily commute or other travel expenses. Additionally, lower fuel prices could stimulate spending in other areas of the economy, as people will have more money available to spend on other goods and services.On the other hand, there are also several negative outcomes that could result from capping the price of gasoline. One of the biggest concerns is that the government may not be able to keep up with the demand for fuel at the capped price. If this happens, there could be shortages, which could lead to panic buying and long lines at gas stations. This, in turn, could create a black market for gasoline, where people are forced to pay even higher prices to get the fuel they need.Another concern is that capping the price of gasoline could lead to a reduction in supply. Gasoline is a commodity, which means that producers will only produce as much as they can sell for a profit. If the price of gasoline is capped, producers may not be able to make a profit, which could lead to a reduction in supply. This, in turn, could lead to higher prices in the long run, as consumers are forced to pay more for a scarce resource.
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The post-closing trial balance does not include any revenues, expenses, or dividends, because these accounts are permanent accounts. True or false?.
Answers
False, the post-closing trial balance does not include any revenues, expenses, or dividends, because these accounts all have zero balances after closing entries.
A post-closing trial balance is created after the closing entries are made and posted to the general ledger. This is the third (and final) trial balance prepared in the accounting cycle.
All of these types of balance sheets have basically the same purpose (i.e., to test the balance between debits and credits). These 3 types of balance sheets are prepared at different stages in the accounting cycle.
1. Unadjusted trial balance
Balance sheet prepared after journalizing transactions and posting them to the general ledger. The aim is to test the equality between debits and credits after the recording stage.
2. Adjusted trial balance
It is a report that is prepared after adjusting journal entries are made and posted. Its purpose is to test for equivalence between debits and credits after adjusting entries have been prepared. It also forms the basis for the preparation of financial statements.
The adjusted trial balance contains nominal and real accounts. Nominal accounts are accounts found on the income statement, and withdrawals. Real accounts are those found on the balance sheet.
3. post-closing trial balance
This report is prepared after the closing entries are made. Its purpose is to test for equivalence between debits and credits after closing entries are prepared and posted. The post-closing trial balance contains only real accounts as all nominal accounts have been closed at this stage.
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or placing trade restrictions on other countries to shield domestic industries from
competition, takes many forms.
are taxes imposed on imported goods and services.
place limits on the amount of a good that can be imported from a particular country.
Early in the twentieth century, the United States imposed
Y agricultural
goods. While this measure protected US farmers, it caused European governments to impose
tariffs
on US products. Heavy tariffs on imports led to a drastic decline in international trade, which further weakened the
global economy and aggravated the Depression.
Today, some US workers believe the government should
protectionism to protect their industries from
foreign competition and prevent job
in the United States. This thought is shared by
some business owners as well.
Answers
Answer: protectionism, tariffs, quotas, tariffs, European,
retaliatory, increase, cheaper, losses
Explanation: Plato / Edmentum
An increase in supply will cause equilibrium price to __________ and equilibrium quantity to __________.
Answers
An increase in supply will cause equilibrium price to decrease and equilibrium quantity to increase.
The equilibrium price refers to the price at which the demand and supply of a product or service in the market is equal, leading to stable prices. It is the law of the market that the price of a good will eventually fall or rise to its equilibrium, after adjustments in the demand or supply side of the good.
If the supply of a good increases, its equilibrium price will decrease as there is more of the good in the market. And if the price does decrease, the quantity demanded of the good will increase as more people are able to afford the good or buy a greater quantity.
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The ___________________Party believes in individual freedom and that the only purpose of government is to protect this freedom.
Group of answer choices
Democratic
Socialist
Libertarian
Communist
Answers
The best-known and most widely discussed form of promotion is:
A. personal selling.
B. sales promotion.
C. direct marketing.
D. advertising.
E. publicity/public relations.
Answers
The best-known and most widely discussed form of promotion is advertising. Advertising is a paid form of non-personal communication that is typically carried out through various media channels, such as television, radio, print, and online. The correct option is D.
Advertising is considered to be the most visible form of promotion, as it is usually the most costly and most visible aspect of a marketing campaign. It allows businesses to reach a large audience and promote their products or services in a way that is both memorable and effective.
While other forms of promotion, such as personal selling, sales promotion, direct marketing, and publicity/public relations, are also important, advertising is typically seen as the cornerstone of most marketing campaigns. It is a powerful tool that can be used to communicate with customers on a mass scale, and it is a key factor in building a successful brand.
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For the upcoming year, Nabil Litre Limited expects to generate $3,840,000 of revenue. Based on historical trends, the company makes the most sales in the first two quarters. As a result, it assumes that the first and second quarter will each contribute 35% of the annual revenue. The remaining budgeted amount will be allocated equally between the last two quarters.
Answers
Nabil Litre Limited's revenue projection for the upcoming year is $3,840,000. To forecast the revenue distribution, the company considers historical trends.
It expects the first and second quarters to contribute 35% each to the total annual revenue, reflecting the company's highest sales periods. The remaining budgeted amount will be evenly allocated between the third and fourth quarters.
This approach allows for a more accurate estimation of revenue based on past performance. By allocating revenue in this manner, Nabil Litre Limited aims to align its budgeting and planning with expected sales patterns, ensuring that resources are allocated effectively throughout the year.
This approach allows the company to better manage its cash flow, anticipate periods of higher or lower revenue, and make informed decisions regarding production, inventory, and resource allocation.
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given the following financials and a 365-day year, what is the cash-to-cash cycle? sales: $50,002 cost of goods sold: $42,068 beginning inventory: $1,051 ending inventory: $1,301 receivables: $6,493 payables: $11,293
Answers
Required 1 Required 2 Use the information above to compute the number of days in the cash conversion cycle for each year.
Cash: What Is It?Currency or coins are considered legal tender and can be used to pay for goods, settle debts, or exchange services. In some cases, the value of assets that can be quickly converted into cash is also included, as provided by a corporation.
Why does cash matter in accounting?Cash accounting is used by companies that only record transactions once money has actually changed hands. Until payment is received or paid, these companies won't report income or expenses. It doesn't matter if the goods and services have been delivered or if the invoice has been sent.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
a proof of the equality of debits and credits in a general ledger.
Answers
Correct reply is A trial balance is a proof of the equality of debits and credit in a established ledger.
To take a look at the arithmetical accuracy of books of account, path stability is prepared. Both the aspects of trial stability i.e. debit and credit score need to have the equal total. This equality proves that the books are arithmetical correct. Trial stability can be organized on a ordinary intervals.
Where do debits equal credits?For each and every transaction, a debit is recorded with a corresponding credit. Multiple money owed can be affected by way of a single transaction, however there need to be at least two bills concerned and debits will always equal credits.
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https://brainly.com/question/14558253#SPJ4according to the e-waste in south africa video case, what has resulted in a business opportunity for bolunga electronic waste company to provide recycling e-waste services?
Answers
According to the e-waste in South Africa video case, the availaiblity of e-waste provides a business opportunity for bolunga electronic waste company to provide recycling of e-waste services.
What is an Electronic waste?An electronic waste refers to a discarded electrical or electronic devices. These used electronics device, which are destined for refurbishment, reuse, resale, salvage recycling through material recovery or disposal are also known as e-waste.
According to the UN’ Global e-waste Monitor report, an approximate of 360,000 tons of e-waste is generated annually in South Africa and Gauteng is responsible for about 55% of it since it is the economic center of the country.
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Given the 2020 recession, what should be the goal of monetary policy? Should the Fed enact expansionary or contractionary policy? In other words, should the Fed increase the money supply/credit supply or decrease the money/credit supply. Explain what they might do to achieve their goal.
Answers
Answer:
Expansionary monetary policies
Explanation:
A recession is characterized by reduced economic activities, a high unemployment rate, and low business incomes. The economy experiences a reduced demand for products and services, leading to low production and a slow economic growth rate.
In a recession like in 2020, the Fed should employ measures that will stimulate economic growth. The appropriate measures are the expansionary monetary policies. These policies seek to increase liquidity in the market, thereby increasing the aggregate demand. Expansionary monetary policies increase the money supply in the economy; they include a reduction in the reserve requirement, reduction in the discount rate, and open market purchases.
If philip's utility function is uequals12 left parenthesis q 1 right parenthesis superscript 0.5 baseline plus q 2, what are his demand functions for the two goods? Let the price of q 1 be p 1, let the price of q 2 be p 2, and let income be y. philip's demand for q 1 as a function of p 1 and p 2 is
Answers
Full question attached
Answer and Explanation:
Answer and explanation attached
What are the total expenses for Forks Gym for the month of March?
$500
$3500
$2000
$1000
Answers
Answer:
7,000 is the answer
Explanation:
household not eligible for a premium tax credit because your household income is too low to qualify in your state
Answers
If a household is not eligible for a premium tax credit because their household income is too low to qualify in their state, it means that they do not meet the income requirements to receive the credit.
Who is eligible for the premium tax credit?To be eligible for the premium tax credit, individuals and families must have household income within certain limits and must not be eligible for other types of health coverage. The income limits for the premium tax credit vary by state and are based on the federal poverty level.
How do you claim the premium tax credit?To claim the premium tax credit, individuals must enroll in a health plan through the Health Insurance Marketplace and must have an estimated household income within the income limits for the credit. When enrolling in a health plan through the Marketplace, individuals can choose to have the credit paid in advance to lower the monthly premium payment, or they can choose to claim the credit on their tax return for the tax.
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An oil company refines crude oil valued at $62/barrel and sells it to motorists at its retail outlets. The price is $2. 90/u. S. Gallon ($0. 77/l). On a per unit basis (e. G. , per gallon or per liter), by what percentage has the price increased going from crude oil before refining to final sale to the motorist?
Answers
The percentage has the price increased going from crude oil before refining to final sale to the motorist will be approximately 95.95%.
To calculate the percentage increase in price from crude oil to final sale to the motorist, we need to compare the difference in price between the two stages as a percentage of the original price.
First, let's convert the price of crude oil from $62/barrel to a price per gallon.
One barrel is equal to 42 US gallons, so the price per gallon of crude oil is:
$62/42 gal = $1.48/gal
Next, let's calculate the difference in price between crude oil and the final sale price to the motorist.
Final sale price per gallon: $2.90/gal
Price per gallon of crude oil: $1.48/gal
Difference: $2.90/gal - $1.48/gal = $1.42/gal
To express the percentage increase in price, we can use the formula:
Percentage increase = (difference/original price) x 100
In this case, the original price is $1.48/gal.
Percentage increase = ($1.42/$1.48) x 100 = 95.95%
So the price has increased by approximately 95.95% from crude oil before refining to final sale to the motorist on a per unit basis.
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Factory workers in Russia's 1917 industrial economy embraced the ______ concepts in order to improve their lives. command economy.
Answers
How can you train yourself to never give up before you reach you number one goal.
For example, I want to go to college and either study to be a Certified nursing assistant or Registered nurse and in 11th grade I want to try to do Licensed practical nurse which I probably have to start off as Practical nurse.
(This is for eighth grade)
Answers
Answer:
Make a List of Goals. Write down your goals and visualize how you will feel when you hit each one. ...
Work Out Every Day. ...
Make a Schedule and Stick to It. ...
Find Your “Whys” ...
Find Some Mentors. ...
Stop Comparing Yourself With Other People. ...
Take Care of Yourself and Think Positively.
Explanation:
what is the impact of atm on banking sector?
Answers
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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dell case is the personal computer industry profitable? if so (or if not), how and why?
Answers
The personal computer (PC) industry, including brands like Dell, has been profitable historically. The industry's profitability is driven by several factors. Such as economies of scale, innovation ,product differentiation, global reach
Firstly, economies of scale enable large manufacturers like Dell to produce PCs at a lower cost per unit. By leveraging their massive production facilities, they can reduce manufacturing costs and offer competitively priced products to consumers.
Secondly, innovation plays a significant role in the industry's profitability. Constant technological advancements in hardware and software drive consumer demand for new and improved products, leading to increased sales
.
Thirdly, product differentiation allows companies to target various consumer segments with unique offerings. For example, Dell offers a wide range of PC models, including gaming laptops, business computers, and budget-friendly options, catering to different consumer preferences.
Finally, the personal computer industry's global reach has expanded its potential market, enabling increased profitability. Developing markets continue to see a rise in PC adoption, as more consumers can afford and require computers for personal and professional use.
However, the industry also faces challenges, such as intense competition and market saturation in some regions. These factors can affect profitability, but overall, the personal computer industry has shown resilience and adaptability, maintaining its profitability over time.
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If you have saved $4,000 in your savings account that earns 0.3% interest annually, what will most likely happen to the purchasing power of your savings over time?
Answers
If You have more money, but your purchasing power is lower. You will actually lose money if your savings don't increase at a rate that keeps up with inflation. Hence purchasing power will be $ 4012 .
What is Purchasing power ?If inflation reduces your purchasing power every year when you are retired and living off of your savings, you won't be able to maintain the same level of life. This is particularly true in the United States, where medical costs frequently increase more quickly than other prices.
Long before retiring, inflation can be detrimental. Let's say you are diligently setting aside money for a specific purpose, like a home down payment or a college fund for your kids. While you're saving, your money's purchase power can decrease.
Given in que
Saving $ 4,000
interest = 0.3%
\(4000+0.3%= 4,012\\$ 4012\\\)
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the stage in a product's life cycle when it may become too similar to existing products, and marketers need to communicate what makes it different from others products is called the stage.
Answers
The stage in a product's life cycle when it may become too similar to existing products, and marketers need to communicate what makes it different from other products is called the maturity stage.
During the maturity stage of a product's life cycle, the market becomes saturated with similar offerings, and competition intensifies. Products in the market may start to reach a point where they are perceived as highly similar or interchangeable by consumers. This similarity can make it challenging for marketers to differentiate their product and stand out from the competition.
To address this challenge, marketers employ various strategies to communicate and emphasize the unique features, benefits, or value proposition of their product. This differentiation can be achieved through effective branding, targeted marketing messages, highlighting unique product features or technology, superior customer service, competitive pricing, or innovative marketing campaigns.
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who here from K12? (sorry for asking this question)
Answers
Answer:
Explanation:
Answer:
Not I.
Explanation:
This is just constructive criticism, but I don't recommend listing your school here.