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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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Two basic assumptions of technical analysis are that security prices adjust:
BlackZzzverrR [31]

Answer:

D. Gradually to new information, and market prices are determined by the interaction of supply and demand.

Explanation:

Technical analysis is an analysis performed to find the predictive patterns that always shape the stock price which might be used so as to generate returns, some use the analysis for exploitation sake so as to generate abnormal returns as well.

In simpler term, technical analysis is when an analysis is drawn and its main content is stock price fluctuation, both the rise and low are an analysed. Those who use this analysis, use them for hope generating high or normal returns on stock price in its market.

3 0
3 years ago
When a partnership is liquidated, the journal entry to pay the claims of creditors would include a debit to
spayn [35]
When a partnership is liquidated, the journal entry to pay the claims of creditors would include a debit to:

B.) each individual creditor and a credit to cash.

When you liquidate a partnership, liabilities must be paid off before partner's investments can be returned to them. In this way, all creditors will be satisfied even if the partner's capital experienced a loss.
4 0
3 years ago
Over the last several decades, the United States has usually had a trade surplus. a trade deficit. decreasing trade levels. bala
faltersainse [42]

Over the last several decades, the United States has usually had a trade deficit.

When the U.S. 2008 recession began, the trade deficit increased.

When net exports increase, GDP increases.

Trade deficit is when the import of an economy is greater than the export of the economy. Import are goods that are bought from foreign countries. Export are goods that are sold to foreign countries. As at August 2021, trade deficit in the United States was  $73.3 billion. This is higher than the forecasted amount of $70.5 billion.

During the 2008 recession, trade deficit increased by 3% to $920.7 billion.  One of the reasons for this was the increase in the price of crude oil which is a major consistent of import of the United States.

GDP calculated using the expenditure approach is : consumption + government spending + business spending + net export.

Net export = export - import.

If net export increases, GDP increases.

To learn more, please check: brainly.com/question/3651082?referrer=searchResults

7 0
3 years ago
_____________________ argues that the productivity of workers will increase if they are paid more, and so employers will often f
den301095 [7]

Answer:

Efficiency wage theory. Option A

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This is important for the employers also, because it will lead to higher productivity if they paid their employees more than what the market conditions dictate.

For example in a competitive labour market, employer A will enjoy more productivity and employee loyalty than employer B if employer A paid $10/hr and employer B paid $5/hr, in the same industry.

4 0
3 years ago
A company produces a product with a contribution margin per unit of $36. If the company incurs $62,000 in total fixed costs, exp
gizmo_the_mogwai [7]

Answer:

Pretax income= $28,000

Explanation:

Giving the following information:

A company produces a product with a contribution margin per unit of $36. The company incurs $62,000 in total fixed costs and expects to sell 2,500 units.

The pretax income is calculated by deducting from the total contribution margin the fixed costs.

Pretax income= 2,500*36 - 62,000= $28,000

7 0
3 years ago
Read 2 more answers
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