Answer:
COGS= $130,000
Explanation:
Giving the following information:
A retail operation has an average gross margin of 35%.
Sales= $200,000.00
<u>To calculate the cost of goods sold, we need to use the following formula:</u>
Gross margin= sales - COGS
COGS= sales - gross margin
COGS= 200,000 - (200,000*0.35)
COGS= $130,000
When your financially comfortable
Answer:
The Mean return = 0.8*16.5% + 0.2*-11.6%
The Mean return = 0.132 + (-0.0232)
The Mean return = 0.132 - 0.0232
The Mean return = 0.1088
The Mean return = 10.88%
Variance = 0.8*(16.5%-10.88%)^2 + 0.2*(-11.6%-10.88%)^2
Variance = 0.8*(5.62%)^2 + 0.2*(-0.72%)^2
Variance = 0.012634
The correct answer should be <span>B. The interest rate may change depending on the condition of the economy.
Fixed-rate mortgages keep the same rates as they were declared at the time of the contract signing, which can either be great for the person or the bank depending on the economy fluctuations. Variable-rate mortgages change based on the economy which means that the conditions are always kept to a certain standard.</span>
