Given the information below, what is the company's gross profit? Sales Revenue$320,000 Accounts Receivable 50,000 Ending Inventory 100,000 Cost of Goods Sold 250,000 Sales Returns 20,000
A. $250,000.
B. $220,000.
C. $50,000.
D. $70,000.
Answer: C
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Flow charts depict ________________
a. sales rates b. corporate budgets c. employment rates d. processes
Salman is a new employee at a quarry. Being a new employee, he feels lonely at work. However, he finds a group of people who share jokes and speak informally with each other to reduce work-related stress. Salman feels confident being with them and joins their group. In the context of the reasons for joining groups, which of the following is the reason why Salman joined the group?
A. Closeness B. Strength in numbers C. Achievement as objective D. Common goals
A survey revealed that a product has good brand awareness. This means that ________
A) buyers will not accept substitutes of the brand B) the brand does not have many substitutes C) people are familiar with the brand D) the brand represents a specialty product E) majority considered the brand as a preferred one
The Work in Process Inventory account of a manufacturing company has a $3,200 debit balance. The company applies overhead using direct labor cost. The cost sheet of the only job still in process shows direct material cost of $1,400 and direct labor cost of $800. Therefore, the amount of applied overhead is:
A. $2,400. B. $1,800. C. $2,200. D. $1,000. E. $800.