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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

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Each parcel of land in a new development is selling for $15,000 and the total project revenue is estimated to be $5,000,000. The
USPshnik [31]

Answer:

The release price for each parcel is $13,215.

Explanation:

Release price for each parcel = [3500000/(5000000*80%)]*15000

                                                  = $13,215

Therefore, The release price for each parcel is $13,215.

5 0
3 years ago
Characteristics of capital projects include: Group of answer choices Involves long-lived assets Usually requires long-range plan
Verdich [7]

Characteristics of capital projects include (B) usually requires long-range planning and extensive financing.

<h3>What are capital projects?</h3>
  • A Capital Project is one that serves to maintain or improve a City asset, also known as infrastructure.
  • A project must meet ONE of the following requirements (criteria) to be included in the Capital Budget.
  • It is a project that involves the construction, enlargement, renovation, or replacement of an existing building or facilities.
<h3>Characteristics of capital projects:</h3>
  1. Long-lasting assets are involved (e.g, buildings, roads and bridges, etc.)
  2. A construction project is usually included.
  3. Long-term planning and extensive financing are usually required.
  4. Maintain a project-life emphasis rather than a year-to-year concentration.

Therefore, characteristics of capital projects include (B) usually require long-range planning and extensive financing.

Know more about capital projects here:

brainly.com/question/7442083

#SPJ4

Correct question:

Characteristics of capital projects include:

Group of answer choices -

(A) Involves long-lived assets.

(B) Usually requires long-range planning and extensive financing.

(C) Usually has a year-to-year focus.

4 0
2 years ago
After years of using a mass marketing strategy, Digital Print Shops has responded to new competition from national chain stores
Ket [755]

Answer:

Niche Marketing

Explanation:

According to my research on different marketing strategies, I can say that based on the information provided within the question Digital's strategy is known as Niche Marketing. Like mentioned in the question this strategy emphasized focusing on small audiences in a very specific category. Which is what Digital is doing by focusing on the smaller market segments that the bigger competition is completely ignoring.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
2 years ago
The following items are reported on a company's balance sheet: Cash $225,000 Marketable securities 115,000 Accounts receivable (
aleksandrvk [35]

Answer:

Current ratio is 2.5:1

Quick ratio 1.9:1

Explanation:

Current ratio =current assets/current laibilities:1

current assets =cash+marketable securities+accounts receivables+inventory

current assets=$225000+$115,000+$112000+$158,000

current assets =$610,000

current liabilities=accounts payable=$244,000

Current ratio=610000/244000

current ratio=2.5 :1

quick ratio =(current assets-inventory)/current liabilities:1

quick ratio=(610000-158000)/244000

                =1.9:1

The current ratio suggests the company has liquid resources that is more than double of current liabilities which can used in discharging debt obligations in the normal course of business

Quick ratio excludes inventory from the ratio since inventory is most difficult item to convert to cash

7 0
3 years ago
Read 2 more answers
Assuming a tax rate of 30%, the after-tax cost of a $100,000 dividend payment is a. $70,000 b. $100,000 c. $30,000 d. None of th
LuckyWell [14K]
The answer is c. $30,000

8 0
2 years ago
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