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Agata [3.3K]
3 years ago
14

The cost of goods sold in a retail store totaled $325,000. fixed selling and administrative expenses totaled $115,000 and variab

le selling and administrative expenses were $210,000. if the store's contribution margin totaled $590,000, then sales must have been:
Business
1 answer:
Phantasy [73]3 years ago
6 0
The cost of goods sold in a retail store totaled $325,000. fixed selling and administrative expenses totaled $115,000 and variable selling and administrative expenses were $210,000. if the store's contribution margin totaled $590,000, then sales must have been: 1,125,000
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Assume that Selling Division and Buying Division are both owned by Overall Corporation. Selling Division sells a product that is
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80

Explanation:

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In the absence of government regulation or private negotiation, firms will pollute less than the economically optimal amount.
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Wrong in absence of gov. there will be no laws to abide so essentially they can do as they please.<span />
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3 years ago
Given all the details about bonds and stocks, which do you prefer to invest with your money in the future? Explain in your own w
nataly862011 [7]

Answer:

Bonds provides more opportunities and offers than stocks.

Explanation:

  • Bonds are a better option than stocks as bonds tend to give a good return. That is the bonds are less volatile and less risk markets they have a high interests rates and tends to offer saving rates at a bank and hae various advantages.
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3 0
3 years ago
When reviewing the balance sheet for Portable Pet Care, Inc., a mobile small animal care business, Ricky noted the following inf
mash [69]

Answer:

The net worth (owners' equity) for this business is $2.2 million

Explanation:

Net worth: It is also known as owner's equity which is a difference between total assets and total assets.

In this question, we use the accounting equation which is used to balance the debit and credit side of the balance sheet items.

So, the accounting equation is

Total Assets = Total Liabilities + Owner's Equity

where,

Company assets are $3.5 million

And, liabilities is $1.3 million

Now, apply the above equation to find out the value of the owner's equity

So, owner equity would be equals to

= $3.5 million - $1.3 million

= $2.2 million

Hence,  the net worth (owners' equity) for this business is $2.2 million

3 0
3 years ago
You are given the following information for a country: Participation rate is 75%, the unemployment rate is 10%, the employment r
mariarad [96]

Answer:

O The size of the labor force is 40 million

Explanation:

Given:

Participation rate is 75%

Unemployment rate is 10%

Employment rate is 67.5%

The number of employed is 27 million.

As the employment rate is 67.5% of the size of the labor force which means that  27 million people are employed, we can say that number of people are employed equals to 67.5 percent of the total size of the labor force and we can write it numerically as:

27 = size of the labor force \times 67.5%

27 =  size of the labor force\times\frac{67.5}{100}

27 = size of the labor force \times0.675

Dividing both side by 0.675

Size of the labor force = 40 million

Therefore, (O The size of the labor force is 40 million) option is correct.

4 0
3 years ago
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