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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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Answer:

B. Target costing forces design engineers to explicitly consider the costs of manufacturing and other aspects of business that traditionally fall outside the engineering department

Explanation:

Target costing needs the design engineers to be active in meeting their customers projection, but it must be inside the target cost requirements. Engineers can not afford to just have their attention on the function and form of design, they must also observe cost under Target costing.

5 0
3 years ago
Goods are complements if an increase in the price of one causes a __________ in the demand for the other
ASHA 777 [7]

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3 years ago
Mountain Products has decided to raise $6 million via a rights offering. The company will issue one right for each share of stoc
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4 0
3 years ago
What is the payback period for the above set of cash flows? (Do not round intermediate calculations. Round your answer to 2 deci
inna [77]

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Explanation:

Payback Period is a method of capital budgeting that works by checking how long the project will take to repay the investment outlay.

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Payback Period = Year before Payback Period occurs + \frac{Cash remaining}{Cashflow in year payback happens}

Initial Outlay = $4,650

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Third Year = $1,150

First year + second year = 1,350 + 2,450 = $3,800

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4 0
4 years ago
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Answer:

c. The price of Bond A will decrease over time, but the price of Bond B will increase over time

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4 0
4 years ago
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