1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nostrana [21]
3 years ago
7

Consider ratios: financial information is presented below: find gross profit. operating expenses $ 45,000 sales returns and allo

wances $ 13,000 sales discounts $ 6,000 sales $150,000 cost of goods sold $ 67,000 $77,000. $64,000. $83,000. $70,000.
Business
1 answer:
Anon25 [30]3 years ago
5 0

Gross Profit is calculated by deducting the cost of goods sold, sales return and sales discount from the sales. The operating expenses is not considered for gross profit. The same is deducted from the gross profit for finding the net profit.

Gross Profit = Sales - Cost of goods sold - Sales Return - Sales Discount

Gross Profit = $150,000 - $67,000 - $13,000 - $6,000

Gross Profit = $150,000 - $86,000

Gross Profit = $ 64,000

Thus, gross profit is $64,000

You might be interested in
It is unlawful in the state of florida for __________ to operate a motor vehicle without a safety belt.
iragen [17]
<span>It is unlawful in the state of Florida for Any person </span><span>to operate a motor vehicle without a safety belt, no matter the age, gender, or races.
The only exception is made only if the passenger is under the age of 18 AND is protected by some sort of children restraining device.</span>
8 0
3 years ago
What is the yield to maturity of a nineminusyear bond that pays a coupon rate of​ 20% per​ year, has a​ $1,000 par​ value, and i
snow_lady [41]

Answer:

12.28%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.  

The NPER represents the time period.  

Given that,  

Present value = $1,407

Future value or Face value = $1,000  

PMT = $1,000 × 20% = $200

NPER = 9 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the answer would be 12.28%

8 0
3 years ago
Your seller wants to net $100,000 after the 5ommission is paid. assuming no closing costs, at what price does the home need to s
Murljashka [212]

$105,263.16

The seller's percentage of a sale is 100% - 5% commission = 95% (or .95). Take the amount the seller wants to net and divide it by that amount ($100,000 ÷ .95 = $105,263.16). Conversely, for a sales price of $105,263.16: $105,263.16 × .95 = $100,000.

the sales price is the discounted price at which goods or services are sold. This price is typically offered for a limited time and is typically used to promote sales during a recession or sell excess inventory. Discounts are advertised as a percentage of the regular list price.

Although the two are interchangeable, the sale price is usually used when the sale results in a lower than normal price for an item. Discounted prices on items compared to regular retail prices. According to the Business Dictionary, selling price is an "alternative term for price."

Learn more about sales price here: brainly.com/question/7459025

#SPJ4

4 0
2 years ago
Create the following lists. There are ten names and five lists of test scores. The correspondence between the names and the test
dem82 [27]

Answer:

Create the following lists. There are ten names and five lists of test scores. The correspondence between the names and the test scores are determined by positions. For example, the test scores for Cindy are 67, 92, 67, 43, 78. Drop the lowest of the five test scores for each student and average the rest and determine the letter grade for that student. Make sure your printout is the same as mine with the same column widths

lowest of the five scores is 43

dropping the lowest, the we have= 67, 92, 67 and 78

Average the rest= 67+92+67+78/4

Average= 76

The grade is A irrespective of the grading point used

Explanation:

3 0
3 years ago
What did president hoover do to devise strategies for improving the economy?
olga nikolaevna [1]

The above answer is definitely correct in its details.  I'd just like to emphasize a couple of important ideas about Hoover's response.

<span>He tried to do more to fix the economy than any president had ever done before.  The government had been very hands-off up to that point.He believed the government should not go in debt no matter what.  This limited what he was willing to do.  Please note that economists back then agreed with this idea so it's not like Hoover was just being mean.  In fact, FDR believed the same thing and it's often said that he undermined the New Deal by trying to balance the budget too soon.</span>

So, overall what I want to point out is that Hoover did more than anyone else, and he did what most economists of the time would have said was the right thing to do.  But it didn't work and so he's seen as one of the worst presidents ever, which seems a bit unfair.

7 0
3 years ago
Other questions:
  • An investment portfolio contains stocks of a large number of corporations. Over the last year the rates of return on these corpo
    9·1 answer
  • A new intelligence test has been devised. an adults shoe size is divided by 6 and multiplied by 100. this test would be consider
    6·1 answer
  • Which method is faster easier and more convenient way of job searching than looking at newspapers
    5·2 answers
  • What are the consequences of not notifying your reference of their inclusion in your job
    10·1 answer
  • The newspaper reported last week that Bennington Enterprises earned $34.07 million this year. The report also stated that the fi
    5·1 answer
  • What is true if you only pay your minmium amount each towards your credit card bill
    14·1 answer
  • Roland Purcell, a technical writer, has a gross monthly income of $2,400. His earnings to date for this year are $24,000. How mu
    14·1 answer
  • "Raising the interest rate on reserves above the current fed funds rate means that the floor of reserve demand will push the equ
    13·1 answer
  • Shonda wants to open a deli. She is worried that it won't be successful unless
    10·1 answer
  • 23.7.2 Test (CST): Banking
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!