Bolka corporation, a merchandising company, reported the following results for october: sales $ 419,000 cost of goods sold (all variable) $ 175,500 total variable selling expense $ 23,600 total fixed selling expense $ 17,200 total variable administrative expense $ 15,400 total fixed administrative expense $ 31,400 the gross margin for october is

The gross margin for October is $243,500

Explanation:

The following information is given for the October  month:

Sales - $ 419,000

Cost of goods sold (all variable)  - $ 175,500

Total variable selling expense - $ 23,600

Total fixed selling expense - $ 17,200

Total variable administrative expense-  $ 15,400

Total fixed administrative expense -  $ 31,400

The gross margin or gross profit is computed by subtracting cost of goods sold from sales value.

In equation it is shown below:

Gross margin = Sales - Cost of Goods sold

                       =  $ 419,000 - $ 175,500

                       = $243,500

Other information which is given in the question is irrelevant for calculating the gross margin because these items are used for calculating the expenses portion.

Thus, The gross margin for October is $243,500

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know