Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 0 (1 point) Carlos Chavez is a sole trader who has recently opened a small, specialist food shop. His main competitors are large supermarket

image text in transcribed

Question 0 (1 point) Carlos Chavez is a sole trader who has recently opened a small, specialist food shop. His main competitors are large supermarket chains. Carlos prides himself on the quality of his products and the personal service he offers. For each month in 2019: the shop's sales averaged $80,000 the cost of goods sold was 75% of sales revenue the indirect costs were constant at $20,000 What is the gross profit? $60,000 $20.000 $15,000 0- -$20.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sell House Fast Ask Me How

Authors: Be Mi Real Estate Store

1st Edition

B0BW2BX7K4

More Books

Students also viewed these Finance questions

Question

b) Explain briefly the five types of communication equipment

Answered: 1 week ago

Question

Finally, the individual is the only person who can make it happen!

Answered: 1 week ago

Question

Desired outcomes of the development activity

Answered: 1 week ago