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valentinak56 [21]
4 years ago
13

What is a fiscal year?

Business
2 answers:
ValentinkaMS [17]4 years ago
4 0

Answer:

12-month financial planning period that may or may not coincide with the calendar year

Explanation:

Darina [25.2K]4 years ago
3 0

A fiscal year, is a 12-month financial planning period that may or may not coincide with the calendar year.

Explanation:

A fiscal year to the government is just like a financial year for a company/corporation.

A government can have a fiscal year from the middle of a year (July) to the next year (June) which in total is 12 months.

Sometimes a fiscal year coincide with the calendar year but that does not acknowledge the fact that is must be a calendar year.

This fiscal period are a planned period to take up projects or meet budgets.

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Cost of goods sold is characterized by the following statements
melamori03 [73]

Answer:

The interpretation of the particular context is provided in the subsection below on clarification.

Explanation:

  • The cost of the products sold has become a reporting liability on either the cash flow statement.
  • The cost of the goods offered for sale includes the cost of materials expenditures and the time to prepare such a component for selling price.
  • The cost of the goods generated is measured using gross profit. Prices of the products sold are also known as selling costs.
4 0
3 years ago
Local Co. has sales of $ 10.7 million and cost of sales of $ 5.9 million. Its​ selling, general and administrative expenses are
storchak [24]

Explanation:

The computation is shown below:

a. The gross margin is

Gross margin = (Sales revenues - Cost of sales) ÷ (Sales revenues) × 100

= ($10.7 million - $5.9 million) ÷ ($10.7 million) × 100

= 45%

b. The local operating margin is

= (Operating income ÷ Sales) × 100

where,

Operating income is

= (Sales - cost of sales - selling, general & administrative expenses - research & development - Depreciation & Amortization) ÷ (Sales revenue) × 100

= ($10.7 million - $5.9 million - $0.55 million - $1.2 million - $1.4 million) ÷ ($10.7 million) × 100

= ($1.65 million)  ÷ ($10.7 million) × 100

= 15.42%

c. Net profit margin

= (Net profit ÷ Sales) × 100

where,

= (Sales - cost of sales - selling, general & administrative expenses - research & development - Depreciation & Amortization) × (1 - tax rate) ÷ (Sales revenue) × 100

= ($10.7 million - $5.9 million - $0.55 million - $1.2 million - $1.4 million) × (1 - 0.35) ÷ ($10.7 million) × 100

= ($1.0725 million)  ÷ ($10.7 million) × 100

= 10.02%

3 0
3 years ago
What are some ways to build relationships within the core team?
Anon25 [30]

Answer:

some of these ways are included in the answers below

Explanation:

To build relationship within the core team:

1. You have to recognize and acknowledge the individual motives and effort of team members

2. You have to make room for open communication in the team

3. You have to develop a way of sharing values in the team

4. Everyone should be carried along when it comes to meaningful project learning

5. At periods of success, you have to celebrate such.

6. Communicate well and properly especially when it come to periods of conflicts.

5 0
3 years ago
What factor reflects the 'cost of money'?
abruzzese [7]

Answer:

Production opportunities, time preferences for consumption, risk, inflation. Explanation: The cost of money is the interest rate that lenders charge borrowers, and is determined by the supply and demand of funds.

5 0
3 years ago
When it comes to investing, what is the typical relationship between risk and return?
sattari [20]
When it comes to investing, the typical relationship between the risks and returns was that the greater the potential risk, the greater the investment return an investor will get. That is why investments are very risky, and an investor must be a risk-taker to attain such success. 
8 0
3 years ago
Read 2 more answers
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