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OLEGan [10]
3 years ago
5

Calculate the gross margin in both dollars and percentage for this swim department if net sales are $1,150,000 and cost of goods

sold is $638,400.
Business
1 answer:
yawa3891 [41]3 years ago
6 0

The gross margin ratio is also known as the gross profit margin or the gross profit percentage.<span>

The gross margin ratio is computed by dividing the company's gross profit dollars by its net sales dollars.</span>

 swim department net sales--------------------- $1,150,000

 cost of goods sold<span> -------------------------------- $638,400</span>

  This means its gross profit is $511,600  (net sales of $1,150,000 minus its cost of goods sold of $638,400) and its gross margin ratio is 44% (gross profit of $511,600  divided by net sales of $1,150,000).

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Which of the following events would unambiguously cause a decrease in the equilibrium price of cotton shirts? a. a decrease in t
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Answer:

a. a decrease in the price of wool shirts and a decrease in the price of raw cotton

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I hope my answer helps you

3 0
3 years ago
Consider the following vignette. Aboard the cruise ship Royal Majesty, a breakfast diner complains to the waiter that the meal i
Nonamiya [84]

Answer:

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Explanation:

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In these cases, the irrationality of the demand does not fall on the capacities, but on the being itself. In addition, its origin is always in the environment of the person.

3 0
3 years ago
Read 2 more answers
Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product
Lorico [155]

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40,000 *1hr = 40,000      

   

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10,000 * 3hr= 30,000      

   

total direct labor hrs 40,000+30,000 = 70,000  hrs

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6 0
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