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GREYUIT [131]
3 years ago
13

In its 2016 annual report, Caterpillar Inc. reported the following (in millions): 2016 2015 Sales $38,537 $47,011 Cost of goods

sold 28,309 33,546 As a percentage of sales, did Caterpillar's gross profit increase or decrease during 2016? Select one: A. Gross profit increased from 26.8% to 28.6% B. Gross profit decreased from 28.6% to 26.5% C. Gross profit increased from 71.4% to 73.2% D. Gross profit decreased from 73.2% to 71.4% E. There is not enough information to answer the question.
Business
1 answer:
Rom4ik [11]3 years ago
6 0

Answer:

B. Gross profit decreased from 28.6% to 26.5%

Explanation:

As for the provided information, we have

Particulars                    Year 2016             Year 2015

Sales                              $38,537                $47,011

Cost of goods sold        $28,309               $33,546

Gross Profit                   $10,228                 $13,465

Gross profit as a percentage of sales shall be:

Year 2016 = \frac{10,228}{38,537} \times 100 = 28.54

Year 2015 = \frac{13,465}{47,011} \times 100 = 28.64

As the percentage is higher of 2015 by 0.1%

The statement B which states that the gross profit has reduced is correct.

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The main purpose of performance appraisal is to ________.
LUCKY_DIMON [66]

The main purpose of performance appraisal is to furnish feedback to organization members about how they can become more productive and useful to the organization in its quest for quality.

Therefore option C is correct

<h3>What is Performance appraisal?</h3>

  Performance appraisal can be described as the  periodic and systematic evaluation  of the job performance of an employee and its subsequent documentation documented and evaluation in other to provide verifiable evidence to the management of an organization on the strengths and weaknesses of its employees.

    The idea of performance appraisal should be viewed as a career enhancing prospect. Managers should endeavor to appraise their staff truthfully and honestly in other to bring about a healthy working environment.

Learn more about Performance appraisal at brainly.com/question/7595736

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4 0
2 years ago
Which of the following is an example of a variable cost?
kifflom [539]

Answer:

Utilities

Explanation:

Variable costs are expenses that vary proportionately with the changes in production level. Should production level rise, variable costs increases. Variable costs form the majority of the direct cost of production.

Unlike fixed costs, the monthly bill for variable costs will keep fluctuating. In this scenario, utilities represent the variable cost. Expenses on electricity, water and other consumables will vary from time to time. With a high level of production, consumption of power and water will be high.  

Rent and insurance cost will remain the same regardless of production level. A professional fee is an overhead expense. It is not an input in the production process.

8 0
3 years ago
Read 2 more answers
A customer sells 1 ABC Corporation put for 2 on February 22, 2019, with a strike price of 50 and an expiration date of March 16,
Deffense [45]

Answer: a. He has an acquisition cost of $4,800 and a date of acquisition of March 15, 2007.

Explanation:

A Put amount gives the holder the right to sell underlying assets. As the Put was exercised, the customer would have to buy the underlying stock and the price they will pay for it is the strike price of the Put less the cost of the Put.

Options contracts come in 100s so;

Acquisition cost = (50 - 2) * 100

= 48 * 100

= $4,800.

The date of acquisition is the day the put was exercised.

8 0
3 years ago
When Mi Ola’s purchasing manager places the weekly order for new bikinis based on how many of each type have sold that week, thi
geniusboy [140]

Answer:

The process of making this decision By the CLASSICAL MODEL of decision making

Explanation:

The classical general equilibrium model was developed in the 18th century within the neoclassical economics and it is related to classical economics.

The classical general equilibrium model aims to describe the economy by taking an aggregate of the behavior of individuals and firms.

Decision taken using this Method is usually based on what the eyes are seeing. Facts.

From the text, Ola buys new bikinis weekly based on the designs the customers are buying more. He decides on what to buy for the new week by looking at the designs that his customers went for the previous week. This is a clear case of Classical model of Decision making.

5 0
3 years ago
A 2-for-1 stock split increases the marketability of the stock because.
Nutka1998 [239]

The reason why a stock-split of 2-for-1 can be said to increase a stock's marketability is that the market price for each share decreases.

<h3>What does a 2-for-1 stock split do?
</h3>

When a stock is split in this manner, it means that there will now be two stocks for every stock there was before.

This means that the price of every stock will be halved. This increases marketability because the lower market price makes the stock cheaper for people to buy.

Find out more on stock splits at brainly.com/question/14247504.

7 0
2 years ago
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