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3 years ago

The following information was drawn from the annual reports of two companies.

Business

1 answer:

Semenov [28]3 years ago

5 0

Answer:

The answer is D.

Explanation:

Gross profit or margin is the profit a business generate after deducting cost of sales from its sales or revenue.

Gross profit or margin percentage is expressed as gross profit/sales(revenue) x 100

In the question, gross profit for company A is $400 and sales is $1000

Therefore, gross profit percentage is 400/1000 x 100

=40%

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Global Corporation had 58,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors

wolverine [178]

Answer:

Jul-01

Dr Retained Earnings $324,800

Cr Common stock dividend distributable $232,000

Cr Paid-in capital in excess of par value - Common stock 92,800

Explanation:

Preparation of the journal entry to record the dividend declaration is:

Jul-01

Dr Retained Earnings $324,800

(58,000 shares x 20% x $28)

Cr Common stock dividend distributable $232,000

(58,000 shares x 20% x $20)

Cr Paid-in capital in excess of par value - Common stock 92,800

(58,000 shares x 20% x $8)

8 0

3 years ago

PLEASE HELP MEE!

zzz [600]

Answer:

Differentiator

Explanation:

I'm not sure about it but honestly I think its the one, since Karen is suing something different that hasn't been seen on other Italian pasta cookers.

7 0

2 years ago

Treasury bills are currently paying 6 percent and the inflation rate is 3 percent. a. What is the approximate real rate of inter

nexus9112 [7]

Answer: a. 2.90%

b. 2.81%

Explanation:

Nominal rate = 6%

Inflation rate = 3.1%

a. What is the approximate real rate of interest?

The approximate real rate of interest will be calculated as:

= Nominal rate - Inflation rate

= 6.0% - 3.1%

= 2.90%

b. What is the exact real rate?

Exact real rate will be calculated as:

= (nominal-inflation) / (1+inflation)

= (6.0% - 3.1%) / (1 + 3.1%)

= 2.9% / 1.031

= 2.81%

3 0

3 years ago

Charlie Plopp is selling a horse. If he does not sell the horse, then he gets no revenue. Three types of people are interested i

qaws [65]

I think it’s E if not then it’s C

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3 years ago

I need help please! <br> what do you think is positive about franchises in general? negative?

mote1985 [20]

It may seem that franchise has many benefits since it allows for a person to open and operate a business without much knowledge of how to run a business and generally franchises are well advertised so not much marketing costs are needed, however negative impacts are much more, since you need to pay lifetime percentages for sales and operating under franchise as well as there is no room for creativity and too much dependence on a big business. Also the funds needed to open a franchise are much higher than same business but operating independently. So negative side is prevailing.

7 0

3 years ago