Question

Ralph Cartwright earned $728.50 last summer mowing yards. He charged an average of $15.50 per yard. How many yards did he mow? Ralph (35) spent $53.20 on gasoline and $47.90 on other equip ment for his yardwork. His lawn mower depreciated $25 during the summer. What was his net profit? Ralph (36) worked a total of 120 hours on the lawns. What was his net pay per hour? (Use net profit to find net pay per hour.) Mark Johnston's little sister operated a lemonade stand during the summer. She made $49.70 from the 70 glasses of lemonade she sold. How much did she charge per cup of lemonade? Jay's Bird Feeders had an inventory of $8,987.42 at the beginning of the month. They purchased $6,204.97 of merchandise during the month. What was the value of the goods available for sale? Jay's Bird Feeders (39) had $8,423.18 in inventory at the end of the month. The store had $21,683.50 in net sales during the month. Find the gross profit for the month.

Answer 1

Answer The camed 2728.50 . - 15.50 An Average 728.50 Total Earning Average per 15.50 zh47 not a grevenue empers (35) Capitalized it is Revenue .=728.50 Gasoline 53120 Depreciation 2.25 Revune - Gasoline - Depreciation 3) 728150 - 53-20 - 25 ' 65013

- Net profil 2650.3 37 ) Net pay per hour Net profil -6503 Naimbero of hours = 120 - Net profil - 650-3 Number of hours 120 = 5. (3 price per Glass - Total sales - 49.70 Number of glasses = 70 - Total sales Number of glasses in '49.70 70 0.7 lper gloss

39 cast of goods available for sale Inventory Merchands = . =8987.42 purchase - 6204.97 :( Inventory + Mes chandas purchase) = 8987.42 + 6204.97 . . 15192.39 w Goross profil : sales - Gosl of goods sold Ending invertory = 8423.18 Good avilable Sale = 15192.39 a good available sales - Ending inventory = 15192-39-8423.18 = 676.215

Gross profile s the store had net sal during : 21 683.50 21683. 50 - 6 769.2/ Totaz 1914.-29$