QUESTION 13 The Seashell Factory sells beach goods to tourists. The following in

ID: 2335981 • Letter: Q

Question

QUESTION 13

The Seashell Factory sells beach goods to tourists. The following information summarizes the company's operating expenses for the year:

What is gross profit?

$34,700

$62,100

$89,500

$142,700

QUESTION 14

Sneider Family Orange Groves processes a variety of fresh juices. The company has the following expenses for July:

What is the total cost for the research and development category of the value chain?

$75,900

$46,900

$198,700

$81,100

Cost of goods sold $108,000 Marketing $2000 Rent and utilities $12,600 Salaries and wages $12,800 Sales revenues $170,100

13) Gross profit = Sales revenue-Cost of goods sold

= 170100-108000

Gross profit = $62100

So answer is b) $62100

14) Research and development category of the value chain includes Salaries of nutrition researchers $75900

So answer is a) $75900

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