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borishaifa [10]
3 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]3 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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Answer:

lower the cost of producing gasoline and increase the supply of gasoline 

Explanation:

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The financial ratio that indicates how efficiently the managers of the organization are collecting the revenue due to the organi
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You are planning to make monthly deposits of $70 into a retirement account that pays 12 percent interest compounded monthly. If
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Answer:

FV= $115,928.81

Explanation:

Giving the following information:

Monthly deposit= $70

Interest rate= 0.12/12= 0.01

n= 24*12= 288

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FV= {A*[(1+i)^n-1]}/i

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FV= {70*[(1.01^288) - 1]} / 0.01

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6 0
3 years ago
Suppose you bought 100 shares of IBM at $200 per share. What is the maximum loss if you place a stop-loss order at $165
Lynna [10]

Answer:

$3,500

Explanation:

Placing a stop-loss order at $165 means that the last amount that the stock traded, it had a price of $165 per share.

Based on that, it is evident that each stock has lost $35 when compared to the price at which the stop-loss order was placed and the initial cost per share of $200.

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The loss incurred on 100 shares of IBM=loss per share*number of shares owned

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3 years ago
Angelina's made two announcements concerning its common stock today. First, the company announced that its next annual dividend
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Answer:

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    $36,00

Explanation:

The dividend discount model state that the price of a stock should be the result of the Present Value of all of its future dividends, the Gordon growth model indicates that:  

Price per Share = D / (r - g)  = $2,16 / (0,10-0,04) = $36

Where:

D = the estimated value of next year's dividend  

r = The required rate of return

g = the constant growth rate

To this case the value is: $2,16 / (0,10-0,04) = $36

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