MACROECONOMICS W/MYECONLAB >C<
3rd Edition
ISBN: 9781323425114
Author: Hubbard
Publisher: PEARSON C
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Chapter 6.A, Problem 12PA
To determine
The income statement.
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Ten years ago, Ginny inherited $55,000 from her grandmother. She decided to invest all of this money in GE stock. Suppose she decides to sell the stock today so she can purchase her first home. The sale price of the stock is $75,000. Calculate the size of Ginny's taxable capital gain.
Prepare an excel sheet for undergiven answers:please prepare excel sheet ....5. Cost of Inventory Sold:
Cost of jeans sold: 16 * $19 = $304Cost of sweaters sold: 2 * $9 = $18Cost of purses sold: 2 * $27 = $54Cost of suits sold: 2 * $67 = $134Total Cost of Inventory Sold = $304 + $18 + $54 +
S134 = S510
6. Gross Margin:
Gross Margin = Total Gross Sales - Total Cost of
Inventory Sold
Gross Margin = $1,418 - $510 = $908
7. Direct Expenses for the Month:
Advertising: $200Salaries: $500Rent expenses: S200Total Direct Expenses for the Month = $200 + $500
+ 5200 = S900
Direct Expenses for the Day (assuming a 31-day
month) = Total Direct Expenses for the Month / 31
Direct Expenses for the Day = $900 / 31 = $29.03
8. Indirect Expenses for the Month:
Water: $75Electricity: $89Insurance: $60Total Indirect Expenses for the Month = $75 + 589 +
560 = 5224
Indirect Expenses for the Day (assuming a 31-day
month) = Total Indirect Expenses for the Month / 31
Indirect Expenses for the Day = $224 / 31 =…
Danube Company pays Salim a straight commission of 25% on the net sales. In June, Salim had net sales of OMR 56,000. The company gave Salim an OMR 678 draw in May. Calculate Salim’s gross pay.
a.
13322
b.
13567
c.
12422
d.
12322
Chapter 6 Solutions
MACROECONOMICS W/MYECONLAB >C<
Ch. 6.A - Prob. 1RQCh. 6.A - Prob. 2RQCh. 6.A - Prob. 3RQCh. 6.A - Prob. 4RQCh. 6.A - Prob. 5RQCh. 6.A - Prob. 6PACh. 6.A - Prob. 7PACh. 6.A - Prob. 8PACh. 6.A - Prob. 9PACh. 6.A - Prob. 10PA
Ch. 6.A - Prob. 11PACh. 6.A - Prob. 12PACh. 6.A - Prob. 13PACh. 6.A - Prob. 14PACh. 6 - Prob. 6.1.1RQCh. 6 - Prob. 6.1.2RQCh. 6 - Prob. 6.1.3RQCh. 6 - Prob. 6.1.4RQCh. 6 - Prob. 6.1.5RQCh. 6 - Prob. 6.1.6PACh. 6 - Prob. 6.1.7PACh. 6 - Prob. 6.1.8PACh. 6 - Prob. 6.1.9PACh. 6 - Prob. 6.1.10PACh. 6 - Prob. 6.1.11PACh. 6 - Prob. 6.1.12PACh. 6 - Prob. 6.1.13PACh. 6 - Prob. 6.1.14PACh. 6 - Prob. 6.1.15PACh. 6 - Prob. 6.2.1RQCh. 6 - Prob. 6.2.2RQCh. 6 - Prob. 6.2.3RQCh. 6 - Prob. 6.2.4PACh. 6 - Prob. 6.2.5PACh. 6 - Prob. 6.2.6PACh. 6 - Prob. 6.2.7PACh. 6 - Prob. 6.2.8PACh. 6 - Prob. 6.2.9PACh. 6 - Prob. 6.2.10PACh. 6 - Prob. 6.2.11PACh. 6 - Prob. 6.2.12PACh. 6 - Prob. 6.2.13PACh. 6 - Prob. 6.3.1RQCh. 6 - Prob. 6.3.2RQCh. 6 - Prob. 6.3.3RQCh. 6 - Prob. 6.3.4RQCh. 6 - Prob. 6.3.5PACh. 6 - Prob. 6.3.6PACh. 6 - Prob. 6.3.7PACh. 6 - Prob. 6.3.8PACh. 6 - Prob. 6.3.9PACh. 6 - Prob. 6.4.1RQCh. 6 - Prob. 6.4.2RQCh. 6 - Prob. 6.4.3PACh. 6 - Prob. 6.4.4PACh. 6 - Prob. 6.4.5PACh. 6 - Prob. 6.4.6PACh. 6 - Prob. 6.1RDECh. 6 - Prob. 6.2RDECh. 6 - Prob. 6.3RDECh. 6 - Prob. 6.4RDE
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