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Blababa [14]
3 years ago
11

A company's gross profit (or gross margin) was $129,650 and its net sales were $502,900. Its gross margin ratio is

Business
1 answer:
viva [34]3 years ago
6 0

Answer:

25.8%

Explanation:

A company gross profit is $129,650

The net sales is $502,900

Therefore, the gross margin ratio can be calculated as follows

Gross margin ratio= gross margin /net sales

= $129,650/$502,900

= 0.258×100

= 25.8%

Hence the gross margin ratio is 25.8%

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3 years ago
Discuss the effects of the hard lockdown on Eskom's operations?
ICE Princess25 [194]

The effect of the hard lockdown on Eskom's operations was that the parliamentary committees had to leave officials in Pretoria.

<h3>What were Eskom's operations?</h3>

Eskom's operations refer to the operation of the Electricity Supply Commission in South Africa.

When the hard lockdown was placed during the pandemic on Eskom's operations in South Africa, this led to parliamentary committees leaving the officials in Pretoria because they believed that having digital meetings will be better than face-to-face.

hence, The effect of the hard lockdown on Eskom's operations was that the parliamentary committees had to leave officials in Pretoria.

learn more about Eskom's operations:

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8 0
1 year ago
The owner of the business where you work has asked for your advice on restructuring the organization. You know that customer ser
ehidna [41]

Answer:

Flatter structures are appropriate for organizations that empower employees to solve customer problems.

Explanation:

These are the options for the question below;

✓A taller structure will improve the speed at which decisions are implemented.

✓Flatter structures are appropriate for organizations that empower employees to solve customer problems.

✓With a tall structure, supervisors can avoid hearing about customer complaints.

✓A flatter structure will further centralize decision making.

From the question, we are informed about an instance, where The owner of the business where i work has asked for your advice on restructuring the organization. Since I know that customer service is the cornerstone of the company. In this case I will recommend Flatter structures which is the best structure for organization that give empowerment to their employees in order to be able to solve problems associated with customers.

Flatter structure in an organization can be regarded as a structure that posses limited level of management or no level existing between the staff employee and the management of the organization. Flatter structure gives little supervision to the employees though it brings in their involvement when it comes to decision making

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3 years ago
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2 years ago
Below are transactions for Wolverine Company during 2021.On December 1, 2021, Wolverine receives $2,400 cash from a company that
Damm [24]

Answer:

1. Dr    Cash    2400

     Cr       Deferred revenue   2400

 (To record advance received for office space,which is not earned yet)

2.a)Dr Prepaid insurance  11280

              Cr Cash                   11280

( To record purchase of insurance )

  b)  Dr  Insurance expense 5640

                     Cr prepaid insurance     5640

      ( To record insurance expired)

3. Dr salary expense       1400

        Cr  Salary payable          1400

( To record salary expense for the m/o December)

4. Dr Cash    7000

         Cr   Loan payable      7000

       ( Acquire loan from bank)

5. a) Dr Interest expense  1680

              Cr interest payable          1680

  ( To record interest expense of 2 months )    

6. a)Dr supplies  1800

         Cr       Cash             1800

         (Supplies purchased)

   b) Dr Supplies expense   1460

              Cr     Supplies                   1460

   (Adjusting entry of supplies used)

Explanation:

2. Insurance for the month = 11280/12= 940. For 6 months= 940*6=5640

4. yearly interest rate = 7000 *12% = 840. two month interest = 840 *2= 1680

5 0
3 years ago
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