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Mars2501 [29]
4 years ago
10

Brownie BakeryBrownie Bakery earned net sales revenue of$63,000,000 in2018Cost of goods sold was$42,210,000 , and net income rea

ched$10,000,000 , the company's highest ever. Compute the  company's gross profit percentage for 20182018. First, select the formula. Then enter the applicable amounts and calculate the gross profit percentage.
Business
1 answer:
sweet-ann [11.9K]4 years ago
3 0

Gross Profit = Revenue minus cost of good sold divided by revenue

In this case net income is inconsequential.

$63,000,000(revenue) - $42,210,000(cost of good sold) = $20,790,000 (gross profit

$20,790,000/$63,000,000 = 33% (gross profit percentage)

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5 0
2 years ago
Which of the following situations is the demand most likely to be reduced
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Answer:

The higher the price, the higher the producer's profits. Your needs and wants are unlimited. If heavy competition for a product keeps its price low, businesses will be very motivated to offer the product for sale.

3 0
3 years ago
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3 0
3 years ago
governments that are interested in minimizing the efficiency costs of taxation should only tax goods where
lisov135 [29]

Answer:

Governments that are interested in minimizing the efficiency costs of taxation should only tax goods where demand or supply, or both, are relatively inelastic.

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6 0
3 years ago
Read 2 more answers
Builtrite’s common stock is currently selling for $48 a share and the firm just paid an annual dividend of $2.80 per share. Mana
Misha Larkins [42]

Answer:

So the cost of new stock will be 14.63 %

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