Gross Profit is calculated by deducting the cost of goods sold, sales return and sales discount from the sales. The operating expenses is not considered for gross profit. The same is deducted from the gross profit for finding the net profit.
Gross Profit = Sales - Cost of goods sold - Sales Return - Sales Discount
Gross Profit = $150,000 - $67,000 - $13,000 - $6,000
Gross Profit = $150,000 - $86,000
Gross Profit = $ 64,000
Thus, gross profit is $64,000
Answer:
A measurable plan is a plan that can be effectively quantified to justify it's qualities.
Explanation:
A financial plan can be defined as a set of guidelines that act as a map to help in managing ones savings and expenditures to meet set goals and objectives. In order to execute a financial plan, one of the features that have to be considered in good financial planning is to ensure that the goal is measurable.
In our case, you plan to save $5,000 for a down payment on a new car. This means that you need to save up to $5,000 in order to afford the car down payment. The following steps can be used;
1. Determine the goal: our goal is to save up to $5,000. The amount is a measurable figure that can be recorded as a goal.
2. Determine measurable ways to achieve the goal: this involves first determining the time you need to achieve the goal and the times and amount you will save each period to achieve $5,000 at the end of the time-frame. Lets say you need to save $5,000 in ten days, this implies that you will need to save (5,000/10)=$500 per day.
3. Keep a record every time you make a contribution towards your savings account to track how far you have reached.
4. Once the time has elapsed, calculate the total amount of savings you have collected over time to check if the plan was achieved.
Answer: Undue influence
Explanation:
Unreasonable control in jurisprudence is a legitimate principle involving one person taking advantage of a position of authority over another. The power imbalance between the parties will vitiate the consent of one party as they are unable to exercise their independent will freely.
"Undue control" means undue coercion forcing another person to act or refrain from acting by overriding the free will of that person and contributing to inequality.
