Using the following information, what is the amount of gross profit?$33,7796,886576551PurchasesMerchandise inventory, September 1Administrative expensesRent revenueOa. $86,957Ob. $24,048Oc. $55,982Od. $25,007Selling expensesMerchandise inventory, September 30SalesInterest expense Using the following information, what is the amount of net income?$26,133Selling expenses6,173Merchandise inventory, September 30840Sales1,033 Interest expensePurchasesMerchandise inventory, September 1Administrative expensesRent revenuea. $32,939Ob. $23,875X Oc. $26,071Od. $17,702$7059,06448,7271,098

Gross profit is measured as the difference between the sales and the cost of goods sold. It…

Using the following information, what is the amount of net income? $26,133 Selling expenses 6,173 Merchandise inventory, September 30 840 Sales 1,033 Interest expense Purchases Merchandise inventory, September 1 Administrative expenses Rent revenue a. $32,939 Ob. $23,875 X Oc. $26,071 Od. $17,702 $705 9,064 48,727 1,098

Using the following information, what is the amount of net income? $26,133 Selling expenses 6,173 Merchandise inventory, September 30 840 Sales 1,033 Interest expense Purchases Merchandise inventory, September 1 Administrative expenses Rent revenue a. $32,939 Ob. $23,875 X Oc. $26,071 Od. $17,702 $705 9,064 48,727 1,098

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Please explain how to calculate total revenue
Calculate the value of total revenue when average revenue is $77 and the no of units sold is 7
A firm had sales revenue of $ 1million last year.It spent $600, 000 onlabor,$150,000 on capital and $200,000on materials. What was the firm’s accounting profit?
The tapie pelow Cotains pricerdemand and total cOSt data Tor the production of treadmilis, where p is the wholesale price (in dollars) of a treadmill for an annual demand of x treadmills, and C is the total cost (in dollars) of producing x treadmills. p ($) C ($) 2,910 1,450 3,634,000 3,415 1,275 3,782,000 4,645 1,123 4,185,000 5,330 918 4,290,000 Use this data to find a linear regression equation for price-demand data, using x as the independent variable: p= ax + b, where a is rounded to 1 decimal place and 6 is rounded to the nearest integer. Use this data to find a linear regression model for the cost data, using x as the independent variable: C(x) = cx + d, where c is rounded to the nearest integer and d is.rounded to the nearest 10,000. To Do Notifications Dashboard Calendar
CIS 360 - Business Database Concepts – DB Design The following spreadsheet is a sample that is currently being used to track company data. However, employees have been complaining about the amount of maintenance needed to sustain the data. EMP_NAME PROJ_NUM PROJ_NAME EMP_NUM 1 Hurricane JOB_CODE JOB_CHG_HOUR PROJ_HOURS EMP_PHONE 101 John D. Newson EE 85.00 13.3 653-234-3245 1 Hurricane 105 David F. Schwann CT 60.00 16.2 653-234-1123 1 Hurricane 110 Anne R. Ramoras CT 60.00 14.3 615-233-5568 2 Coast 101 John D. Newson EE 85.00 19.8 653-234-3254 2 Coast 108 June H. Sattlemeir EE 85.00 17.5 905-554-7812 3 Satellite 3 Satellite 3 Satelite 110 Anne R. Ramoras CT 62.00 11.6 615-233-5568 105 David F. Schwann CT 26.00 23.4 653-234-1123 123 Mary D. Chen EE 85.00 19.1 615-233-5432 3 Satellite 112 Allecia R. Smith BE 85.00 20.7 615-678-6879 1. List the issues that will arise by using this as a way to store and maintain company data. Use the actual data as examples in your explanation. 2. Create a…
Kohl's takes its net sales and subtracts the cost of goods sold during the previous period. The result is Kohl's gross sales O net income O gross profit net margin O net purchases
Complete the table below: Output TotalCost(RM) Totalvariablecost(RM) Totalfixedcost(RM)Averagefixedcost(RM)Averagetotalcost(RM)Marginalcost (RM) 0 505 16010 20020 25036 33058 40072 48088 580106 700130 820150 980
A fruit stand owner rents a stall at the market for $255$⁢255. Each month, the owner spends $295$⁢295 for an accountant’s services and $695$⁢695 on fresh fruit. The fruit stand sells 135135 kilograms of fruit monthly at a price of $8$⁢8 per kilogram. Step 1 of 2: Calculate the fruit stand’s profit or loss. Write the exact answer; do not round. Use a minus sign to show losses if necessary.
Calculate accounting profit given:- Total revenue = $3000 Explicit cost = $3000
Question 20 of 20 Reggie owns and operates a cheese shop in the village of Somerset. Although Reggie has a degree in mechanical engineering and could easily go to work for his brother's company earning $76000 a year, his true passion is for cheese. Consider the list of Reggie's revenue and expenses from last year. Please use the information provided to answer the questions. Revenue from 2010 $90000 Rent $18000 Equipment $6000 Supplies $3000 What is Reggie's accounting profit? What is Reggie's economic profit? -$13000 $63000 $3000 O -$13000 -$63000 $3000 $63000 -$63000
6. Elasticity and total revenue I The following graph shows the daily demand curve for bippitybops in Vancouver. On the following graph, use the green rectangle (triangle symbols) to shade the area representing total revenue at various prices along the demand curve. Notice that when you click on the rectangle, the area is displayed. Note: You will not be scored on any changes made to this graph. PRICE (Dollars per bippitybop) 240 220 200 180 160 140 120 100 80 60 40 20 0 0 6 12 ** + 48 B 18 24 30 36 QUANTITY (Bippitybops per day) Demand 54 80 72 Total Revenue ?
Table 13-7The Flying Elvis Copter Rides Quantity TotalCost FixedCost VariableCost MarginalCost AverageFixedCost AverageVariableCost AverageTotalCost 0 $50 $50 $0 -- -- -- -- 1 $150 A B C D E F 2 G H I $120 J K L 3 M N O P Q $120 R Refer to Table 13-7. Fill in ALL THE VALUES FROM A to R in the table.