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finlep [7]
2 years ago
5

On November​ 1, 2019, Alpha​ Omega, Inc. sold merchandise for $ 12 comma 000​, FOB​ destination, with payment​ terms, n/30. The

cost of goods sold was $ 3 comma 840. On November​ 3, the customer returns on this sale amounted to $ 4 comma 800. The company received the balance on November​ 9, 2019. Calculate the gross profit from these transactions.
Business
1 answer:
faust18 [17]2 years ago
5 0

Answer:

Gross Profit is $9552

Explanation:

Given data

sold  = $12000

cost of goods = $3840

returns = $4800

to find out

gross profit

solution

we apply here gross profit formula that is

Cost of goods = Cost of goods - ( Return amount × Cost of goods sold / sale  ) .....................1

Cost of goods = 3840 - ( 4800 × 3480/ 12000)

Cost of goods = 2448

gross profit

Gross Profit = Sales - Cost of Goods Sold

Gross Profit = 12000 - 2448

Gross Profit is $9552

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Instructions:Review the following graph. Then, answer the question below.
netineya [11]

the purple bar is the tallest which means it has the most growth potential:

answer is: B. There will be a growing demand for nurse practitioners in the coming years.

6 0
2 years ago
1. How much interest would you pay on a loan of $1,230 for 15 months at 15 percent APR if the interest is 18.75 per $100?
Alina [70]
1. How much interest would you pay on a loan of $1,230 for 15 months at 15 percent APR if the interest is 18.75 per $100?


 The chart probably refers to interest per $100 of loan. So, the interest for a $1,230 loan would be (1230/100) * 18.75 = 230.625 ~ 230.63
So, the answer will be B $230.63.


2. Sherri borrowed $3,200 at 13 percent APR for 18 months. If she must pay 19.5 per $100, what is the total interest?
3,200 / 100 = 32 ... x 19.5 = 624 
Principal x int rate x time = 3200 x .13 x 1.5 yr = 624 interest

So, the answer will be the A $624.


3. What is the total amount that Sherri (in question number 2) will repay?

The correct answer will be the $3,824.


7 0
2 years ago
New Jersey Company owns 80% of the common stock of Newark, Inc. In 2012, New Jersey reported sales of $300,000, and Newark repor
alisha [4.7K]

Answer: $380,000

Explanation:

From the question, we are informed that New Jersey Company owns 80% of the common stock of Newark, Inc. In 2012, New Jersey reported sales of $300,000, and Newark reported sales of $100,000, including sales to New Jersey of $20,000.

Based on the above information, the amount of sales that should be reported in the consolidated income statement for 2012 will be:

$300000 + $100000 - $20,000

= $380000

4 0
2 years ago
Emery mining inc. recently reported $170,000 of sales, $75,500 of operating costs other than depreciation, and $10,200 of deprec
jonny [76]
<span>Net Income After Tax = Net Income Before Tax - Tax Net Income Before Tax = 170,000-75,500-10,200+(16,500*0.0725)=85,496.25 Tax = 0.35*Net Income Before Tax=0.35*85,496.25= 29,923.69 Net Income After Tax = 85,496.25- 29,923.69 = 55,572.56</span>
5 0
2 years ago
Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%, unit cost $8.00, annual demand of 4
torisob [31]

Answer:

Total cost = Total ordering cost + Total holding cost

Total cost = DCo     + QH

                     Q              2

Where

D = Annual demand

Co = Ordering cost per order

Q = EOQ

H = Holding cost per item per annum

D = 40,000 units

Co = $48

H = 18% x $8.00 = $1.44

EOQ = √2DCo

                H

EOQ = √2 x 40,000 x $48

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EOQ = 1,633 units

Explanation:

EOQ equals 2 multiplied by annual demand and ordering cost divided by holding cost per item per annum. The holding cost per item per annum is calculated as holding cost rate multiplied by unit cost.

7 0
2 years ago
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