Answer:
Vince's Vehicle Repairs
The Cost of Sales is:
= $72,000.
Explanation:
a) Data and Calculations:
Turnover = $180,000
Gross profit margin = 60%
Net profit margin = 22%
Gross profit margin = Gross profit/Turnover * 100
60% = Gross Profit/$180,000 * 100
Therefore, the Gross Profit = $180,000 * 60%
Gross Profit = $108,000
Cost of sales = Turnover - Gross profit (100% - 60%)
Cost of sales = $180,000 - $108,000
= $72,000
Alternatively, Cost of Sales:
= $180,000 * (100% - 60%)
= $72,000
<span>Essential goods does not affect demand for we cannot live without it. That is why the demand for essential goods will remain constant even if there is a change in price. An example is medicine; people will buy this to cure their ailment regardless of a price increase.</span>
Answer:
$12,000
Explanation:
To calculate the profit for Atlas corporation, we will use the formula below;
Profit = (Contribution margin × Units sold) - Fixed expenses
Given that;
Contribution margin = $200
Units sold = 100
Fixed expenses = $8,000
Profit = [($200 × 100) - $8,000]
Profit = $20,000 - $8,000
Profit = $12,000
Answer:
a) YTM = 9.8%
b) realized compound yield is 9.9%
Explanation:
a) PMT = 80
par value FV = 1000
coupon rate = 8%
curent price PV = 953.1
years to maturity n = 3
Yield to maturity (YTM) = = = 9.8%
b) r2 = 10% = 100%+10%=1.1
r3 = 12% = 100%+12%=1.12
Realized compound yield:First, find the future value (FV. of reinvested coupons and principal
FV = ($80 *1.10 *1.12) + ($80 * 1.12) + $1080 = $1268.16
let a be the rate that makes the future value $1268.16
953.1(1+y)³ =$1268.16
(1+y)³=1.33
1+y=1.099
y = 0.099 = 9.9%
The correct option is D). The borrower can create a payment plan.
<h3>Who is a borrower? What can a borrower do to take control of their debt?</h3>
A borrower is an individual or any business entity that takes the money from the lender on the credit with the agreement to pay it back within a specified period of time.
A borrower can control his debt by making a payment plan by which he can arrange debt payment plans directly with your creditors.
A payment plan is an organized payment schedule used for paying off any outstanding debt.
Learn more about the borrower here:-
brainly.com/question/17619427
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