Answer:
Abbey Co.
Amount of gross profit earned by Abbey Co:
Net Sales = $22,600
Cost of goods sold 13,273
Gross profit $8,327
Explanation:
a) Data and Calculations:
Sales = $25,700
Sales returns = 3,100
Net Sales = $22,600
Cost of goods sold = $14,731
Inventory returned 1,458
Adjusted cost of goods sold $13,273
The gross profit is a function of sales revenue and cost of good sold. It is the first profit that is determined in the income statement. It tells the efforts of management to turn sales revenue into some profits, which will be used to offset the period's expenses before the net income could be arrived at.
investment accounts
savings accounts
demand accounts
The most liquid form of money is demand accounts, also known as demand deposits or checking accounts.
These accounts are offered by banks and credit unions and allow customers to deposit and withdraw funds on demand without any restrictions or penalties. This means that the money in a demand account is readily available and can be used for transactions or withdrawals at any time.
Cash and currency in circulation are also highly liquid forms of money, but they are not as convenient for large transactions and can be less secure than demand accounts.
Investment accounts and savings accounts are less liquid than demand accounts because they typically have restrictions on withdrawals, such as penalties or notice requirements, and may have minimum balance requirements or other limitations.
Overall, demand accounts are the most popular and widely used form of liquid money because of their ease of use and accessibility. They are also insured by the Federal Deposit Insurance Corporation (FDIC) in the United States, providing an extra level of security for depositors.
Learn more about demand accounts here
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Answer:
The correct answer is B. They increase consumption and decrease investment.
Explanation:
It should be taken into account that in the fourth quarter of the year the company did not produce any type of consumer goods, it only did so in the third quarter and subsequently sold them. For this reason there was an increase in consumption when acquired by consumers, and the investment decreased because they were goods produced in another period.
[The following information applies to the questions displayed below.]
Eagle Corp. operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the company reports the following amounts: Assets = $43,500; Liabilities = $20,500; Dividends = $2,140; Revenues = $13,100; Expenses = $8,200.
1) Calculate net income.
2) Calculate stockholders' equity at the end of the period.
D . Invoice Price is correct on APEX as well :)