1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Usimov [2.4K]
3 years ago
13

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%

You might be interested in
Sarah is delivering a presentation on time management in the workplace. Each slide consists of not more than four to five points
svetlana [45]

In PowerPoint, you can use the speaker note section to make notes to yourself of things you want to be sure and say during your talk. The audience will not see these notes, they are only on the presenters screen (if the presentation is configured properly).

4 0
3 years ago
Compute the current ratio and acid-test ratio for each of the separate cases. Camaro GTO TorinoCash $ 2,000 $110 $1,000Short-ter
aniked [119]

Answer:

The Current and Acid Test ratios help show whether a company will be able to pay of its current obligations with its current assets.

<h2>Current Ratio:</h2>

Camero :                                                                        GTO

= Current Assets / Current liabilities                          = 3,500 / 1,000

= 5,200 / 2,000                                                           = 3.50

= 2.60

Torino

= Current assets / Current liabilities

= 7,410 / 3,800

= 1.95

<h2>Acid-Test ratio </h2>

Camero

= (Current Assets - Inventory - Prepaid expenses) / Current liabilities

= (5,200 - 2,600 - 200) / 2,000

= 1.20

GTO

= (3,500 - 2,420 - 500) / 1,000

= 0.58

Torino

= (7,410 - 4,230 - 900) / 3,800

= 0.60

4 0
3 years ago
The budgeted annual cost of operating a post office truck is $5,500 plus $0.50 per mile. In 2008 the truck was to be driven 25,0
finlep [7]

Answer:

The total cost of operating a truck would be $18000 as calculated below.

Explanation:

The total costs of operating the truck is a combination of fixed costs of $5500 per year and variable of $0.50 per mile ,hence the total cost function is given as:

TC=5500+0.50X

Where represents the number of miles driven per year.

Since X=25000 miles

TC=$5500+($0.50*25000)

TC=$5500+$12500

TC=$18000

The understanding here is that wages paid to the two employees working  with the truck is already embedded in the fixed costs of $5500 per year, otherwise that would been given as a distinct cost entirely.

7 0
3 years ago
The activity concerned with the production of goods and services is called​
kifflom [539]
Answer: Labor
Explanation: Human Resources (labor) The quantity and quality of human effort directed toward producing goods and services (also called labor).
8 0
3 years ago
READ THE GREY PART!!!!! THIS IS A PAST DUE!!!! PORTFOLIO ITEM: WRITING AND ARGUMENTATIVE ESSAY: FINAL DRAFT: FREEDOM FIGHTERS! P
VikaD [51]

Answer: just get your parents to double check it and fix your spelling errors etc and turn in your final draft

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • Han Products manufactures 21,000 units of part S-6 each year for use on its production line. At this level of activity, the cost
    11·1 answer
  • Which inventory cost method offers income tax savings during periods of rising prices? a.Weighted average inventory cost method
    9·1 answer
  • The strategy that outlines how, when, and where a product will be made available to consumers is referred to as a
    9·2 answers
  • Heights of adult women are distributed normally with a mean of 162 centimeters and a standard deviation of 7 centimeters.
    14·1 answer
  • This year Randy paid $28,000 of interest. (Randy borrowed $450,000 to buy his residence, which is currently worth $500,000.) Ran
    8·1 answer
  • List 5 common advertising techniques.
    15·1 answer
  • Melinda is a very popular executive. She inspires her employees to follow a common vision, facilitates change, and creates a str
    13·1 answer
  • Account classifications include assets, liabilities, stockholders’ equity, dividends, revenues, and expenses. Required: For each
    8·1 answer
  • The Red Wolf Society, a nongovernmental not-for-profit organization, receives numerous contributed hours from volunteers during
    10·1 answer
  • Your financial investments consist of U.S. government bonds maturing in twenty years and shares in a start-up internet company.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!