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QUESTION 13
The Seashell Factory sells beach goods to tourists. The following information summarizes the company's operating expenses for the year:
| Cost of goods sold | $108,000 |
| Marketing | $2000 |
| Rent and utilities | $12,600 |
| Salaries and wages | $12,800 |
| Sales revenues | $170,100 |
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:
| Depreciation expense on bottling machines | $63,300 |
| Glass juice bottles | $60,900 |
| Commissions for salespeople | $30,600 |
| Salaries of nutrition researchers | $75,900 |
| Costs of maintaining website used for customer orders | $4500 |
| Wages of factory workers | $75,800 |
| Freshness seals/caps for juice bottles | $3200 |
| Reconfiguring the factory layout | $122,800 |
| Customer help line | $5200 |
| Costs of refrigerated trucks used to deliver juice | $25,500 |
What is the total cost for the research and development category of the value chain?
| | | $75,900 |
| | | $46,900 |
| | | $198,700 |
| | | $81,100 |
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