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borishaifa [10]
2 years ago
13

Kingsbury Manufacturing has net sales revenue of $850,000, cost of goods sold of $344,600, and all other expenses of $328,300. T

he gross profit percentage is closest to:
Business
1 answer:
gladu [14]2 years ago
8 0

Answer:

56.46%

Explanation:

The computation of the gross profit percentage is shown below

Gross profit percentage is

= (Sales - cost of goods sold) ÷ (Sales) × 100

where,

Sales is $850,000

And, the cost of goods sold is $344,600

Now placing these values to the above formula

So, the gross profit percentage is

= ($850,000 - $344,600) ÷ ($850,000) × 100

= $505,400  ÷ $850,000 × 100

= 56.46%

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Which belief best reflects the economic theories of Karl Marx?
Shtirlitz [24]

Answer:

B. Class tensions will lead to the end of market economies.

Explanation:

According to the Marxists theory, the tension between the capitalist and the working class gives birth to the class conflict in the society. It is tension that is created as the result of the exploitation and conflict between the two. This conflict further would initiate a revolution among the working class that would turn the capitalist class upside down. The exploitation faced by the working class by the capitalists is the major force that would turn them to be rebellious.

7 0
3 years ago
You observe the following term structure: Effective Annual YTM 1-year zero-coupon bond 5.2 % 2-year zero-coupon bond 5.3 3-year
Lisa [10]

Answer:

Explanation:

a. If you believe that the term structure next year will be the same as today’s, calculate the return on (i) the 1-year zero and (ii) the 4-year zero.

b. Which bond provides a greater expected 1-year return? O 1-year zero-coupon bond O 4-year zero-coupon bond

The return on one year bond is = 5.2%

The price of 4 year bond today

=\frac{ 1000}{ (1.055)^4}

Price of 4 year bond today = 807.22

If yield curves is unchanged, the bond will have 3-year maturity and price will be

=\frac{  1000}{(1.054)^3}

If yield curves is unchanged, the bond will have 3-year maturity and price will be = 854.04

Return

=\frac{ (854.04 - 807.22)}{807.22}

Return = 5.8%

The longer term bond has given the higher return in this case at it's YTM fell during the holding period(4 -year)

8 0
2 years ago
Write down the observations in a dataset that consisting of the GPAs and credits taken in the current quarter for randomly selec
lozanna [386]

Answer:

EWU students

GPA

January: 3.5

February: 2.6

March: 3.6

April : 3.1

May: 3.7

June:2.8

July: 2.9

August: 2.1

September: 2.8

October: 3.1

November: 2.2

December: 2.5

Explanation:

The GPA for EWU students shows declining pattern over the past 12 months. The students have been focused on their fall internship program and the studies are neglected. The GPA of students is declining and the minimum GPA is 2.1 which has been secured in the month of August.

3 0
2 years ago
Which of the following would not occur as a result of a monopolistically competitive firm suffering a short-run economic loss?
bixtya [17]

Answer:

B) If the firm does not exit the industry in the long run its demand curve will shift to the left.

Explanation:

This is because the statement "If the firm does not exit the industry in the long run its demand curve will shift to the left, " simply means that if the monopolistic competitive firm stays in a particular industry for long, the firm will experience a situation in which less of the good or service is demanded at every price.

However, this cannot be true because a monopolistic competitive firm produces unique products that tend to have its specific customers. These customers, in the long run, will demand more goods and services of the firms which will be affected positively by a lot of reasons including prices of related goods, increase in salary, better economy at large, etc.

4 0
2 years ago
On December 1, 2021, Sheridan Company issued 770 of its 9%, $1,000 bonds at 102. Attached to each bond was one detachable stock
Helen [10]

Solution :

The cash received on the issue of the bond    785,400    $=770 \times 1000 \times 102\%$

The bond market value without warrant           731,500     $=770\times 1000 \times 95\%$

Bond total par value                                            770,000    $=770\times 1000$

The initial carrying value of the bon payable    $ 746,130    $=\frac{731,500 \times 785,400}{770,000}$

  Thus the initial carrying would be = $ 746,130

3 0
2 years ago
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