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expeople1 [14]
1 year ago
15

Using the smith's bbq report, if your total cost of sales will increase by 1% next week, how much in total sales must you make n

ext week in order for your gross margin to equal $32,000? (gross margin=total sales - total cost of sales)
Business
1 answer:
Andru [333]1 year ago
5 0

To be able to make a gross margin of around $32000, the total sales must be around $32,324.

<h3>What is gross margin?</h3>

Gross margin is the total amount of cost benefitted by the sales revenue and the cost derived for the goods being sold. As per the information given above, the total sales calculation will be as $32,324.

Putting the value of total sales in the given formula, the gross margin is $32,000 when the cost of goods being sold has increased by around 1 percent.

Hence, the gross margin will be $32000 when the total sales will be $32,324 and the costs of sales increases by one percent.

Learn more about gross margin here:

brainly.com/question/22718027

#SPJ1

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Answer:

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Explanation:

A black hole is a place in space where gravity pulls so much that even light can not get out.

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What do you understand by the term problem? Discuss<br>plz answer it fast!
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3 years ago
Brisco Bricks purchases raw material from its foreign supplier, Bolivian Clay, on May 8. Payment of 2,000,000 foreign currency u
Gekata [30.6K]

Answer:

$2,500,000

Explanation:

The computation of the amount which would be credited is shown below:

= Payment of foreign currency units (FC) is due in 30 days × exchange rate i.e spot rate on May 31

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= $2,500,000

We simply multiply the payment with the spot rate so that the accurate value can come.

All other information which is given is not relevant. Hence, ignored it

5 0
3 years ago
What is the difference between accrual and realization concept in accounting​
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6 0
3 years ago
suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1912. it
Nat2105 [25]

The investments today’s worth is $203001.61.

We have to calculate the future value of the investments. So we can use the formula,

A=P (1+r/100)ⁿ

Where, A stands for future value, P stands for Present value, R stands for Interest rate, n stands for Time period.

Interest rate (r) = 5%= 0.05 and Time period is from 1912 to 2020 so, it is equals to 108 years. (2020-1912year)

On putting the values in the above formula we get,

A = 1000× (1+ 5/100)^108

=1000*203.001612

=$203001.61

The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). The future value calculation enables investors to forecast, with varying degrees of accuracy, the amount of profit that can be generated by various investments.

Investors and financial planners use the future value to estimate how much an investment made today will be worth in the future. The future value equation is used to assess various possibilities since the growth produced by holding a given amount in cash will probably differ from that produced by investing that same amount in equities.

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brainly.com/question/24703884

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5 0
1 year ago
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