Answer:
Use goal seek to answer this question. All else equals, to have a net income of 20,000, the COGS margin percentage must be <u>40%</u>, and the gross profit must be <u>$17,250</u>.
Explanation:
The income statement is missing, so I looked it up and the information given was:
- Revenue 100,000
- COGS 40,000
- Gross Profit 60,000
- Salaries
- Marketing
- Rent
- Earnings Before Tax 23,000
- Income Tax 25%
- Net Income ?
Since COGS are$40,000 and total sales are $100,000, the COGS margin percentage = 40,000 / 100,000 = 40%
Since earnings before taxes are $23,000 and taxes are 25%, then net income = $23,000 x (1 - 25%) = $23,000 x 75% = $17,250
Answer:
siness and Industry Endorsement.
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Explanation:
Answer:false
Explanation:
The current gdp of us is estimated to about $21427.1 billion.
So if beer market is estimated to be $106 billion, the percentage is ($106/$21427.1)*100
= 0.004947*100
=0.4947%
0.497% is not up to 2%
The answer is<u> "Supply will decrease."</u>
A storm that crushed the wheat products would make the cost of that grain to rise. Given that grains are a critical contribution to the make of oat, the ascent in the cost of grain speaks to an expansion in input costs for oat. This is spoken to in the grain advertise as a leftward move of the supply bend and no adjustment in the demand curve.
Answer:
310,588.5
Explanation:
As is not said we can assume the 2,100 each year to be paid at the end of the year, and the 7% to be used as a compunded anually rate. So let´s first think just about the 2,100, as they are regulary payments, they can be seen as an anuity inmediate, the formula is as follows:
where sn is the future value of the regular payments, i is the interest rate and n is the number of payments and p is the amount of regular payment so in this particular case we have:
=198,367.65
So now let´s think on the gift of 29,000 as it is paid on 10 years, there will remain 20 years with an investment rate of 7% compounded anually. so there we have the classic formula of future value
where FV is the future value, PV is the present value, i is the interest rate per period, and n is the number of periods. Again in this particular case we have:
so the total amont will be:
total=198,367.65+112,220.85
total=310,588.5
