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3 years ago

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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Amazon and Expedia are best described as ________ that sell products and services directly to final buyers via the Internet. Gro

Y_Kistochka [10]

Amazon and Expedia are best described as E-Tailers that sell products and services directly to final buyers via the internet.

<h3>What do you mean by a product?</h3>

A product refers to the item offered for sale. It can be any item or service.

Amazon and Expedia are best described as E-Tailers that sell products and services directly to final buyers via the internet.

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2 years ago

A __________ card is issued by a credit union or bank and allows the user to purchase goods and services by electronically deduc

Lina20 [59]

Answer:

A debit card

Explanation:

A debit card allows customers to make electronic payments to third parties directly from their bank checking accounts. Debit cards eradicate the need to carry cash around. Banks and other major financial institutions issue debit cards.

Debit cards and credit cards have identical looks and are used for making electronic payments. The major difference is that credit cards are a type of credit facility, but debit cards make payments by drawing directly from the customer's account. Debit cards do not attract interests like credit cards. In many instances, debit card payments will not go through if the customer's account has insufficient funds.

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3 years ago

A theater group made appearances in two cities. The hotel charge before tax in the second city was $500 lower than in the first.

Naddika [18.5K]

Answer:

Hotel charge in city 1= $5,250

Hotel charge in city 2= $4,750

Explanation:

A theater group made an appearance in two cities.

Let x represent the amount charged in the first city

Let y represent the amount charged in the second city

The hotel charge before tax in the first city is $500 lower than the second city

y= x-500......equation 1

The tax in the first city is 8%

= 8/100

= 0.08

The tax in the second city is 8.5%

= 8.5/100

= 0.085

0.08x + 0.085y= 823.75.........equation 2

Substitute (x-500) for y in equation 2

0.08x + 0.085(x-500)= 823.75

0.08x + 0.085x - 42.5= 823.75

Collect the like terms

0.08x + 0.085x= 823.75+42.5

0.165x= 866.25

x= 866.25/0.165

x = 5,250

Substitute 5250 for x in equation 1

y= x-500

y= 5,250-500

y= 4,750

Hence the hotel charge in city 1 is $5,250 and the hotel charge in city 2 is $4,750

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3 years ago

Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of

Vesnalui [34]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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3 years ago

Which of the following statements about materials is false?

weqwewe [10]

Answer:

The correct answer is B

Explanation:

Purchase is the term which is defined as the bought or purchase of raw material that is necessary or required for the business in order to create or manufacture goods or services. So, that the product could be presented into the market for sale and the business could make profit from the sale of product.

So, the statement is false as the acquisition of material is charged to the purchase account.

5 0

3 years ago