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Delvig [45]
3 years ago
15

A company has the following account balances: Sales revenue $2,000,000: Sales Returns and Allowances $250,000: Sales Discounts $

50,000: and Cost of Goods Sold $1,275,000. How much is the gross profit rate?
Business
1 answer:
Naily [24]3 years ago
6 0

Answer:

0.25 or 25%

Explanation:

The computation of the gross profit rate is shown below:

Gross profit rate = Gross profit ÷ Net sales revenue

where,

Net sales revenue = Sales revenue - Sales Returns and Allowances - Sales Discounts

= $2,000,000 - $250,000 - $50,000

= $1,700,000

And, the Cost of goods sold is $1,275,000

So, the gross profit is

= $1,700,000 - $1,275,000

= $425,000

So, the gross profit rate is

= $425,000 ÷ $1,700,000

= 0.25 or 25%

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Afina-wow [57]

Answer:

C. requires visionary and directional thinking

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plot of risk-return combinations available by varying portfolio allocation between a risk-free rate and a risky portfolio

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7 0
2 years ago
Once the plan baseline has been approved and the project is underway, project teams deal with change by establishing and using a
IgorLugansk [536]

Answer:

A) True

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A project's baseline plan refers to the project's plan starting point. It will serve as the reference point where you can measure the project's progress. Any proposed change to the project must be evaluated using the established change control system. The change control system is not a standard control tool and should be unique to the project based on the project's scope and budget. Changes that negatively affect the project's scope, budget and the schedule should be rejected.

6 0
3 years ago
Neutronics makes four different models of gas identifiers. Next year, the company anticipates total overhead costs of $2.5 milli
PSYCHO15rus [73]

Answer:

$33.33

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