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Title: It costs Homer's Manufacturing $0.75 to produce baseballs and Homer sells them for $4.00 a piece. Ho Post by: bernie2981 on Nov 14, 2015 It costs Homer's Manufacturing $0.75 to produce baseballs and Homer sells them for $4.00 a piece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $12,000 a month rent for his factory and store, and also pays $75,000 a month to his staff in addition to the commissions. Homer sold 67,500 baseballs in June. If Homer prepares a traditional income statement for the month of June, what would be his gross profit?
A) $320,625 B) $270,000 C) $219,375 D) $50,625 Title: Re: It costs Homer's Manufacturing $0.75 to produce baseballs and Homer sells them for $4.00 a piece Post by: nuclei on Nov 15, 2015 Content hidden
Title: Re: It costs Homer's Manufacturing $0.75 to produce baseballs and Homer sells them for $4.00 a piece. Ho Post by: bernie2981 on Dec 1, 2015 You're such a dedicated member, I very much appreciate the help.
Marking this solved ✓ Title: Re: It costs Homer's Manufacturing $0.75 to produce baseballs and Homer sells them for $4.00 a ... Post by: Muyi Li on Feb 25, 2020 Thank you
Title: Re: It costs Homer's Manufacturing $0.75 to produce baseballs and Homer sells them for $4.00 a ... Post by: Isabel Bricker on Oct 6, 2020 thank you
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