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Answer :
Final answer:
The gross profit for Macur Inc. is option a) $636,044, obtained by subtracting the total expenses from the sales. This is similar to calculating the accounting profit, which is the total revenues minus explicit costs, as shown in the reference example.
Explanation:
The subject question involves calculating the gross profit for Macur Inc. Given the company had sales of $10,913,300 and total expenses of $10,277,256, the gross profit can be found by subtracting the total expenses from the sales revenues. Therefore, the gross profit of Macur Inc. is:
Sales - Total Expenses = Gross Profit
$10,913,300 - $10,277,256 = $636,044
This calculation aligns with the fundamental accounting equation for determining accounting profit, which is: total revenues minus explicit costs. Using the reference information provided:
Accounting Profit = Total Revenues - Explicit Costs
$1,000,000 - ($600,000 + $150,000 + $200,000) = $50,000
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