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Ierofanga [76]
1 year ago
8

A company has net sales of $852,000 and cost of goods sold of $565,000. its net income is $101,800. the company's gross profit a

nd operating expenses, respectively, are?
Business
1 answer:
Murljashka [212]1 year ago
5 0

Answer is $287,000 and  $185,200 respectively for the company's gross profit and operating expenses.

Let us see how to solve it. As we can see the formula for Gross Margin is as follows -

Gross Margin= Net Sales − Cost of Goods Sold which is $852,000 − $565,000 = $287,000. So the total Gross Margin is $287,000.

Now the formula for Operating Expenses  is as follows-

Operating Expenses= Gross Margin − Net Income; Hence we have to do  $287,000 − $101,800 = $185,200.  So the total Operating Expenses is $185,200. Hence answer is $287,000 and  $185,200 respectively for the company's gross profit and operating expenses.

Learn more about operating expenses here-

brainly.com/question/14995350

#SPJ4

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Valotic Tech Inc. sells electronics over the Internet. The Consumer Products Division is organized as a cost center. The budget
Tcecarenko [31]

Answer:

<u>Total Over budget = $112370</u>

<u>Total Under Budget= $ 56062</u>

Explanation:

<u>Valotic Tech Inc.</u>

<u>Budget Performance Report—Director, Consumer Products Division</u>

<u>For the Month Ended January 31, 2016</u>

                                                 Budget          Actual       (Over) Under Budget

Customer service salaries   $546,840     $602,350         (55,510)

Insurance & property taxes    114,660        110,240             4420

Distribution salaries               872,340         861,200           11,140

Marketing salaries               1,028,370       1,085,230          (56,860)

Engineer salaries                 836,850          820,008         16842

Warehouse wages                586,110          562,632          23478

<u>Equipment depreciation        183,792        183,610                182              </u>

<u> Total                                  $4,168,962      $4,225,270        (56308)       </u>

<u />

<u>Total Over budget = $112370</u>

<u>Total Under Budget= $ 56062</u>

Over budget means that the amount is spent more than the amount budgeted.

The Customer service salaries and  Marketing salaries are over budgeted and the the director is expected to request supplemental reports of these to analyze where the amount has been overspent.

4 0
3 years ago
uan Pablo and Zak are competitors in a local market. Each is trying to decide if it is better to advertise on TV, on radio, or n
Colt1911 [192]

Answer: Advertise on radio and earn $14,000

Explanation: Dominant strategy may be explained as the tactics or option which works best for a particular firm and seems to give the firm an edge abive other competitors.

Since both are following their dominant strategy, even though advertising on TV seems more lucrative if only one of the advertise, by the time both of them place TV advert, profit falls to $8000. therefore the strategy who gives the highest return when both thread the same advertising path is the radio advert, which gives a return profit of $14,000. Therfore, Uan Pablo should advertise on radio and earn a profit of $14000

6 0
3 years ago
Three goods or services provided by the government​
Furkat [3]

Answer:

public education, fire protection, police services,

7 0
2 years ago
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A company has break-even sales of $200,000. If the company expects sales of $500,000, the margin of safety i is________.
zhuklara [117]

Answer:

Margin of safety = $300000

Explanation:

The margin of safety is the amount or units in excess of the break even level of sales or units. It is the region beyond the break even point and represents the profit for the business. Any units in excess of the break even point represents the margin of safety.

The margin of safety for the given question with expected sales of $500000 and break even sales of $200000 can be calculated as follows,

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FDI , Foreign direct investment
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