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Nina [5.8K]
3 years ago
12

he following information is available for Buhler Company: Annual Data 2013 2012 Net sales $8,700,000 $8,100,000 Gross profit on

sales 3,053,000 2,736,000 Net income 667,600 588,000 Year-End Data Dec. 31, 2013 Dec. 31, 2012 Total assets $6,500,000 $6,100,000 Stockholders' equity 3,900,000 3,300,000 Calculate the following ratios for 2013: Note: Round answers to one decimal place, unless otherwise noted. a. Gross profit percentage
Business
1 answer:
dybincka [34]3 years ago
3 0

Answer:

35.09%

Explanation:

Data provided as per the question

Gross profit on sales = $3,053,000

Sales = $8,700,000

The computation of gross profit in percentage is as shown below:-

= Gross profit on sales ÷ Sales

= $3,053,000 ÷ $8,700,000

= 35.09%

Therefore, for computing the gross profit in percentage we simply divide the gross profit with sales.

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Why is operations management relevant to managers in other organization functions? Base your discussion on your experience of op
Mars2501 [29]

Answer:

Operations management is relevant to improve the overall productivity in an organization as it involves working with all departments in the organization.

Explanation:

Operations management involves <u>planning, organizing and controlling the production processes by which raw materials are converted into valuable goods and services to be distributed to customers.</u>

An operations manager works with managers in other organizational functions to <u>improve the overall productivity in the organization.</u>

He or she maintains contact with; the financial manager to agree on the budget needed for production, the purchasing manager to determine what raw materials will be purchased for production, the personnel manager to sort out the human resources required for the production process, and the marketing manager to ensure that customer needs are taken into consideration when producing goods and services.

4 0
3 years ago
The interest rate for a $1,000 bond is 18 percent. If comparable bonds are paying 17 percent, what is the approximate market val
siniylev [52]

Answer:

Hi how are they .how Many children do you have

8 0
3 years ago
MoneyMatters, a finance firm, provides support to HMD Inc. in payroll and other financial matters. Later, HMD decides to create
kolezko [41]

Answer:

vertical Intergration

Explanation:

Based on the information provided it can be said that the MoneyMatters loses its business because of the vertical integration done by HMD Inc. vertical Intergration refers to the scenario by which a company owns the supply chain that handles all of that company's tasks. Which in this scenario is what HMD Inc. decided to do by creating an in-house finance department to manage its financial matters, and thus getting rid of MoneyMatters.

4 0
3 years ago
A lender is willing to provide a loan equal to 80% of a property worth $360,000. If such a loan carries an interest rate of 7.5%
lukranit [14]

Answer:

B) $11,750

Explanation:

annual mortgage payment = net operating income - (outstanding loan balance x loan payment factor)

outstanding loan balance = property value x loan percentage

annual mortgage payment = $40,000 - [($360,000 x 80%) x 0.09809] = $40,000 - ($288,000 x 0.09809) = $40,000 - $28,250 = $11,750

5 0
3 years ago
Vinny asks if he should force spud to finish the job. could oscar get a court order requiring spud to actually build the display
Lynna [10]
The correct answers to the questions are as follows:
1. NO, SPECIFIC PERFORMANCE ARE NOT ALLOWED IN THIS CASE BECAUSE MONEY DAMAGES ARE AVAILABLE.
When a party to a contract refuse to fulfill the terms of a contract, there are two forms of punishments that can be imposed on such an offender. It is either the court force the offender to perform the tasks expected of him or he can be asked to pay financial fines, which represents the damages incurred as a result of abandoning his work. In the question given above, money damages option is available, so Spud does not necessarily have to be forced to complete the job.

2. The correct answer is this: NO, SINCE BREACHING A CONTRACT IS USUALLY HELD TO BE A BUSINESS DECISION [NOT AN ACTION OF MORAL TURPITUDE] PUNITIVE DAMAGES ARE RARELY AWARDED IN CONTRACT CASES.
Punitive damages are damages imposed by the court of law, which are targeted at differing an offender and others from engaging in conducts that are similar to that which formed the basis of the concerned lawsuit. Punitive damages are usually awarded if the court feels that the compensatory damages awarded is not enough to compensate the injured party. Punitive damages are only awarded in special cases and usually under tort law; punitive damages generally can not be awarded in contract disputes. 

5 0
3 years ago
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