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torisob [31]
3 years ago
12

Last year Madd Hatter, Inc. bought baseball caps for $3 each and sold them for $9. This year, the company’s supplier is charging

$4 for each cap, but Madd Hatter cannot raise its prices because competition is too tough. If Madd Hatter continues to sell caps for $9, its gross profit per cap will __________ and its gross profit ratio will __________.
Business
1 answer:
cestrela7 [59]3 years ago
4 0
The gross profit per cap will decrease and the gross profit ratio will decline
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The United States and many other countries often impose trade sanctions on other countries. These sanctions A. tend to decrease
Pavel [41]

Answer:

The correct answer is option D.

Explanation:

Sanctions can be defined as penalty levied on other countries or citizens of other countries. There are a number of trade sanctions such as

  1. Tariffs
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  4. Embargoes

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Listed below in alphabetical order are the balance sheet items of Nolan Company at December 31, 2022
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Answer and Explanation:

The preparation of the balance sheet is presented below:

Assets

cash  $11,000

account receivable $15,000

equipment $10,000

buidlings $65,000

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5 0
3 years ago
Jones signs a three-year contract to construct a new office building for Smith. The contract price is $3 million and estimated c
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Answer:

$100,000

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additional costs for year 3 over the estimated costs represent an additional loss}

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