Refer to the following data: Net sales, first month $13,000 Normal gross profit as a percentage of sales 45% Inventory, start of period $8,000 Net purchases, first month $7,000 Using the gross profit method of inventory estimation, the amount of normal gross profit would be
a. $5,850.
b. $3,600.
c. $6,750.
d. $15,000.
a
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Which of the following statements about renewable and clean energy in the United States is accurate?
a. Solar accounts for the most-consumed renewable energy source. b. Fortune 500 companies have made minimal savings using renewable energy but have seen stock prices soar as a result. c. Biomass is highly used but also the least environmentally friendly renewable energy source. d. Only a handful of private companies have yet adopted the Paris Agreement’s science-based targets.
Which of the following is/are true?
a. After cost of sales, the income statement typically shows deductions for other expenses associated with operations (other operating expenses). b. Many firms present a subtotal called operating income or operating profit, the difference between revenues and expenses associated with core operating activities. c. two common types of operating expenses are selling, general, and administrative expenses (SG&A) and research and development expenses (R&D). d. all of the above e. none of the above
Explain how to calculate contribution margin per unit.
What will be an ideal response?
Distortion in MRP systems can be minimized when safety stock is held at the:
A) purchased component or raw material level. B) work-in-process level. C) finished goods level. D) A and B E) A and C