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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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Create a cash flow statement for your own finances. Why are cash flow statements useful in managing money?
trapecia [35]
Answer:

Cash flows tell us about the company’s actual outflows and inflows of cash in particular period such as quarter or year or others. This very important for business as cash flow from main operations helps the company to see whether they are generating enough to invest in growth projects or not.
7 0
3 years ago
Consider the following​ statement: ​"An increase in supply decreases the equilibrium price. The decrease in price increases​ dem
pochemuha

Answer:

The correct answer is option A.

Explanation:

An increase in supply decreases the equilibrium price as the supply curve shifts rightward and intersects the demand curve at a lower point. This decline in the equilibrium price causes the quantity demanded to increase. The demand for the product remains the same.

The statement given in the question is false. A change in demand is caused by a change in other factors while the price of the product remains the same. The change in price affects the quantity demanded.

5 0
3 years ago
Bond ratings are significantly based on all of the following EXCEPT:_______.
KiRa [710]

Answer:

c) The current ratio

Explanation:

The current ratio is an example of a liquidity ratio.

Liquidity ratios measure a company's ability to meet its short term obligations.

Current ratio = curernt assets / current liabilities

Return on assets is a profitability ratio. It measures return on investment

The other ratios are coverage ratios. They measure the ability of the firm to covert its debts payments

5 0
3 years ago
You can buy a car that is advertised for $24,600 on the following terms: (a) pay $24,600 and receive a $4,600 rebate from the ma
Vadim26 [7]

Answer:

A. $20,000

B. $17,234.18

C.Option (b)

Explanation:

Obviously, the option with lower Present Value would be the best option to buy the car. The Present Value of the options can find out as following

REQUIREMENT A

Price of car = $24,600  

Rebate = $4,600

Present value of the payments for option  = Price of the car – rebate  

Present value of the payments for option (a) = $24,600 - $4,600

Present value of the payments for option = $20,000

REQUIREMENT B

We can use the following Present Value of an Annuity formula to calculate the present value of the payments

PV of the payments for option  = PMT * [1-(1+i) ^-n)]/i

PV of the payments for option (b) (PV) =?

Monthly payment PMT =$410 per month

Number of payments n = 5 years *12 months = 60

Monthly interest rate i=1.25% per month or 0.0125

PV of the payments for option  = $410 x [1- (1+0.0125) ^-60]/0.0125

PV of the payments for option  = $17,234.18

REQUIREMENT C.

Which is the better deal?

Option (b) is better deal as the present value of payments ($17,234.18) is less than Present value of the payments for option (a); $20,000.

3 0
3 years ago
Andrew bryant of the new york times interviewed the ceo of aruba networks, who said he valued a mentor he had at hewlett packard
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The CEO was describing a former mentor who empowered his employee.  Dynamic pioneers today give workers the expert and duty to settle on choices all alone. This is the embodiment of strengthening. The administration mentors and prompts representatives, as opposed to coordinating their work.
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Read 2 more answers
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