Answer:
27.79%; $191,840
Explanation:
Given that,
Net sales = $763,000
Cost of goods sold = $551,000
Net Income = $20,160
Gross Profit
:
= Net sales - Cost of goods sold
= $763,000 - $551,000
= $212,000
Gross margin
:
= Gross Profit ÷ Net sales
= $212,000 ÷ $763,000
= 0.2779 or 27.79%
The operating expenses can be modeled with:
Net Income = Revenues - Expenses - COGS
$20,160 = $763,000 - Expenses - $551,000
Expenses = $191,840
<span>The cell phone company is participating in strategic outsourcing. When a business uses strategic outsourcing they are outsourcing a part of their company operations to another company. By doing this, they are able to focus more on their core company goals and let another company handle the outside work of making it happen. </span>
Audience refers to whoever is reading, listening or watching a story, text or drama.
Answer:
6.25%
Explanation:
Interest is calculate using the formula
I= P x R x T
in this case
I= interest, p= $975, r=?? ,t = 1
Therefore:
60.94 = 975 x r x 1
60.94 =975 r/100... we multiply both side by 100 to get rid of the fraction.
6094=975r
r=6094/ 975
r=6.2502
interest rate = 6.25%
