Answer:
Answer is A
Explanation:
Remember Gross Margin = Gross Profit /Sales Revenue
We already know that Gross Margin = 0.4
We assume sales revenue as the unknown value (S)
Using the relationship above: Gross Profit (GP) = 0.4S
We know that Profit Before Tax = Gross Profit - General & Admin Expenses - Interest Expense
Substitute the values in the equation above.
Profit Before Tax (PBT) = 0.4S - 50 - 20
= 0.4S - 70
To calculate the Tax we multiply the Tax rate (30%) by the PBT
Tax = (0.3) x (0.4S -70)
= 0.12S - 21
We know that Net Income = PBT - Tax
We now substitute the values:
70 = 0.4S - 70 - (0.12S - 21)
Solving the equation for S results in the value of Sales Revenue equaling $425.
Answer:
Differential income from the special order= $127,000
Explanation:
A company should accept a special order where the order generates additional contribution. i.e where the special order sales exceeds all relevant cost.
The relevant cost for decision to accept the special order are
I Incremental Revenue from the special order
2. incremental variable cost
Contribution per unit = 18-13=5
Total contribution from special order = contribution per unit × units
= 5× 25,400=$127,000
Differential income from the special order= $127,000
Note that whether or not the special order is accepted the fixed manufacturing and fixed operating expenses of would be incurred either way. Therefore , they are not relevant for the decision
Based on the research studies and situation described, according to Levinson, Jensen is in the <u>Novice</u> phase of adult development.
Daniel Levinson was a famous researcher whose interest centered on different stages of life from childhood to old age.
Daniel Levinson concluded that early adulthood lies between the ages of 17 to 45.
This early adulthood is then categorized into two, the <u>novice</u> phase between 17 to 33 and the culminating phase, which is between 33 to 45.
Thus, given that Jensen is 25, it is concluded that according to Levinson, Jensen is in the <u>Novice</u> phase of adult development.
Hence, in this case, it is concluded that the correct answer is "<u>Novice</u>."
Learn more here: brainly.com/question/1578703
Depot Max's inventory turnover for the year is 8.3
Given
Cost of goods sold = $56900
Begining Jovenstory = $6540
Ending Inventory = $7250 .
Average inventory = opening inventory + closing inventory / 2
= $6 540 + $-7250 / 2
Average inventory = $6895
cost of goods old
.: Inventory turnover = cost of goods sold / Average inventory
56900 / 6895
= 8. 252 times
He Depot Max's Inventory 8.3 times (approx ).
Learn more about turnover here: brainly.com/question/25623677
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Answer:
When any company wants to sale their product without prior knowledge of the market then it's a disaster.
First thing Jack can do is "Test Marketing". If any company has no knowledge of market then fastest way to know your market is test marketing. Jack must put his sweaters in small quantity for sale at different locations. Test marketing needs to be done for whole week. Jack needs to collect the feedback from its customers too. Feedback is the way jack can know the market. Without knowing the market and customers, it's really hard to market or sale your product. Feedback from test marketing activity will actually give him market knowledge and customer's feedback.
