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Delicious77 [7]
3 years ago
7

The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Northview Company

as they appear on the company’s adjusted trial balance.
Accounts Payable $10,000
Accounts Receivable 11,000
Inventory 20,000
Advertising Expense 12,000
Cost of Goods Sold 89,000
Delivery Expense 6,000
Income Tax Expense 2,000
Insurance Expense 1,000
Rent Expense 12,000
Sales Revenue 160,000
Sales Discounts 11,000
Sales Returns & Allowances 19,000

Use the information above to answer the following question. The gross profit percentage would be closest to: _____ %

A) 25.6%

B) 31.5%

C) 55.6%

D) 68.5%
Business
1 answer:
krek1111 [17]3 years ago
4 0

Answer:

The gross profit margin is B. 31.5%.

Explanation:

The gross profit is the profit earned by a company from trading and is also known as the trading profit. It is the difference between the Net sales revenue and the cost of goods sold. This profit does not take into account any other expenses either operating or non operating except for the cost of goods sold.

The net sales revenue = Gross sales revenue - Sales returns and allowances - sales discounts

Net sales revenue = 160000 - 19000 - 11000 = 130000

The cost of goods sold are $89000

The gross profit = 130000 - 89000 = $41000

The gross profit percentage = (Gross profit / net sales)  * 100

Gross profit margin = (41000 / 130000) * 100 = 31.5%

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Two securities have a covariance of 0.022. If their correlation coefficient is 0.52 and one has a standard deviation of 15%, wha
ira [324]

Answer: 28.2%

Explanation:

Correlation Coefficient = Covariance / (Standard deviation of Security A * Standard deviation of Security B)

0.52 = 0.022 /( 15% * σ)

(15% * σ) * 0.52 = 0.022

15% * σ = 0.022 / 0.52

σ = 0.0423/15%

= 28.2%

3 0
2 years ago
When julie, the marketing executive for hope springs, determined that market segments existed with sufficient disposable income
Luba_88 [7]

The answer to the blank space is demographic.

Since Julie is determining that a market segment exists that have enough money to buy a premium bottled water, she is examining social economic statuses in a society, thus allowing her to identify the right segment for the bottled water. Now that she has identified it, she can choose to develop a value proposition that would attract the consumers.

7 0
3 years ago
A company that utilizes carbon fiber 3-D printing wants to have money available two years from now to add new equipment. The com
Alenkinab [10]

Answer:

Total amount available in two years is $1,354,125.

Explanation:

The total amount available in two years can be calculated as follows:

Total amount in the deposit now = Current deposit + Amount planned to be deposited = $650,000 + $200,000 = $850,000

Future value of the total amount the deposit now = Total amount in the deposit now * (1 + Annual interest rate)^Number of years the deposit used = $850,000 + (1 + 15%)^2 = $1,124,125

Future value of next year's deposit = Next year's deposit * (1 + Annual interest rate)^Number of years the deposit used = $200,000 * (1 + 15%)^1 = $230,000

Total amount available in two years = Future value of the total amount the deposit now + Future value of next year's deposit = $1,124,125 + $230,000 = $1,354,125

5 0
3 years ago
Nine subjects, 87 to 96 years old, were given 8 weeks of progressive resistance weight training. strength before and after train
Serga [27]

Answer:

11.611 +/- 3.013

Explanation:

3     3.5     4       6        7          8        8.5        12.5       15

7      17      19      12       19       22       28         20         28

difference

4      13.5    15     6       12        14        19.5        7.5         13

mean = 11.611

the standard deviation ⇒ 7.611² + 1.889² + 3.389² + 5.611² + 0.389² + 2.389² - 7.889² + 4.111² + 1.389² = 57.927 + 3.568 + 11.485 + 31.483 + 0.151 + 5.707 + 62.236 + 16.9 + 1.929 = 191.386/9 = √21.265 = 4.611

standard deviation = 4.611  1.918

confidence interval = mean +/- [(standard deviation/√9) x 1.96]

11.611 + [(4.611/3) x 1.96] = 11.611 + 3.013

11.611 - [(4.611/3) x 1.96] = 11.611 - 3.013

4 0
3 years ago
Suppose the market for corn is a purely competitive, constant-cost industry that is in long-run equilibrium. now assume that an
sergij07 [2.7K]
After all resulting adjustments have been completed, the new equilibrium price will less than the initial price and output. The same will happen to the industry output. In each situation in which <span>an increase in product demand occurs in a decreasing-cost industry the result is: </span>the new long-run equilibrium price is lower than the original long-run equilibrium price.
5 0
3 years ago
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