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Citrus2011 [14]
3 years ago
8

Use goal seek to answer this question. All else equals, to have a net income of 20,000, the COGS margin percentage must be _____

_, and the gross profit must be ______. Review Later
Business
1 answer:
Lelechka [254]3 years ago
4 0

Answer:

Use goal seek to answer this question. All else equals, to have a net income of 20,000, the COGS margin percentage must be <u>40%</u>, and the gross profit must be <u>$17,250</u>.

Explanation:

The income statement is missing, so I looked it up and the information given was:

  • Revenue 100,000
  • COGS 40,000
  • Gross Profit 60,000
  • Salaries
  • Marketing
  • Rent
  • Earnings Before Tax 23,000
  • Income Tax 25%
  • Net Income ?

Since COGS are$40,000 and total sales are $100,000, the COGS margin percentage = 40,000 / 100,000 = 40%

Since earnings before taxes are $23,000 and taxes are 25%, then net income = $23,000 x (1 - 25%) = $23,000 x 75% = $17,250

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The shareholder-debtholder conflict refers to:________
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Answer:

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On the other hand debtholders would not want the firm to engage in risky activities because it might negatively affect the firm's ability to make its schedules payments to debtholders.

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When preparing responses to behavioral interview questions such as the following, you can organize your ideas according to the STAR format.

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2 years ago
If expectations of the future inflation rate are formed solely on the basis of a weighted average of past inflation rates, then
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Option C

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<u>Explanation:</u>

Adaptive expectations hypothesis implies that investors will modify their expectations of future behavior based on current prior behavior. In finance, this impact can effect people to produce investment decisions based on the way of contemporary historical data, such as stock price activity or inflation rates, and modify the data to prophesy future exercise or rates.  

If the market has been trending downward, people will possible expect it to proceed to trend that way because that is what it has been acting in the recent past.

7 0
3 years ago
Company C&amp;A sells 600 bottles of a dietary supplement per week at $100 per bottle. The supplement is ordered from a supplier
Katen [24]

Answer:

A. 300

Explanation:

The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

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3 years ago
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