Statement of comprehensive income for Salsa Sauces Ltd. Turnover
£500000
cost of sales
£210000
Gross profit
£290000
Expenses:

administration
£12000
wages
£85000
vehicle costs
£19000
heat and light
£25000
other expenses
£4000
Total expenses

Net profit

b. What is gross profit as a percentage of turnover?
c. What is net profit as a percentage of turnover?

Alocation analysis has been narrowed down to two locations, akron and boston. the main factors in the decision will be the supply of raw materials, which has a weight of .50, transportation cost, which has a weight of .40, and labor cost, which has a weight of .10. the scores for raw materials, transportation, and labor are for akron 60, 80, and 70, respectively; for boston 70, 50, and 90, respectively. given this information and a minimum acceptable composite score of 75, we can say that the manager should:

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?

Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.