Answer:
33.33%
Explanation:
Given:
Sales revenue = $360,000
Cost of goods sold = $240,000
Net income = $53,000
Now,
the gross profit = Sales revenue - Cost of goods sold
or
The gross profit = $360,000 - $240,000 = $120,000
Thus,
the company's gross profit ratio =
or
The company's gross profit ratio =
or
The company's gross profit ratio = 33.33%
Answer:
D. Interpretation: The zeros are where the daily profit is $0.00
zeros: x = 3.586 and x = 6.414
Explanation:
We have been given the following daily profit function;

where y is the profit (in hundreds of dollars) of a taco food truck
and x the price of a taco (in dollars)
The zeros of this profit function can be obtained by solving for x in the following equation;

These will simply be the x-intercepts of the profit function. That is the points where the profit function crosses or intersects the x-axis.
Therefore, an interpretation of the zeros of this function would be;
The zeros are where the daily profit is $0.00
These zeros can be evaluated graphically. We first obtain the graph of the profit function as shown in the attachment below;
We then determine the x values where the graph crosses the x-axis. These values will represent the zeros of our profit function. From the graph, these points are;
x = 3.586 and x = 6.414
Answer:
c. $1,300 gain
Explanation:
In this scenario, Susan recognized a $1,300 gain on this sale. This is because Susan originally purchased the stock for a total price of $6,000. When she sold the stock, she sold it for a higher price than what she originally paid for it therefore recognizing a gain. To calculate this gain we simply subtract her initial purchase price from her selling price of the stock which would give us a $1,300 gain.
$7,300 - $6,000 = $1,300
Answer:
1: C. In most states, Alex would be found not guilty by reason of insanity.
2: C. fining the corporation.
3: D. shoot a man who is about to spray you with a water hose.
4: C. not guilty because he did not act on his plan.
5: C. a misdemeanor.
6: B. free because she acted under duress.
7: D. would have a conclusive presumption in his favor of not having been responsible.
8: D. have not engaged in a pattern of racketeering activity because they made only six sales.
9: A. the defendant's statements cannot be admitted as evidence.
10: C. arraigned