The cost of goods sold based on the sales revenue in 2019 is $32,400
What is the cost of goods sold?
The cost of goods sold is the cost of the goods sold in a particular year, it is determine as the sales revenue minus the gross margin in dollar terms.
We need to first of all determine the sales revenue in 2019 based on 2018 sales revenue and the 2019 growth rate of 8%
2019 sales revenue=50,000*(1+8%)
2019 sales revenue=$54,000
Now the gross margin is 40% of sales revenue
cost of goods sold=sales revenue-gross margin
cost of goods sold=$54,000-(40%*$54,000)
cost of goods sold=$32,400
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Answer:
the answer is C
Explanation:
why ? the redemption is used for marketing to define or even to know how in the future your company reach their economic profit levels,and also to the shareholder benefits, so that's why when the company put on the market the outstanding stock , they decide how many any shareholder could get. they are looking always to increase their own business but if the company say that after redemption you must own less than 80% of his percentage ownership, its not common , nobody could get less even 50% of his own outstanding shares stock.
Answer:
C) The court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.
Explanation:
From the case it is clear that the contract happens between Beau and the Manager of XYZ is of selling the carpet only. The service on the other hand, is not a department of UCC. The service contracts are department of common law whereas sales of goods law is applied to UCC or Uniform Commercial Code. So, except this option, all other options are false.
Answer:
(a) 2
(b) 2.25
(c) 12.5%
Explanation:
To solve this question we need to remember that
(a) 10 persons produce 160 valves in 8 hours, this implies a productivity of 2=160/(8x10)
(b) 2.25= 180/(8x10)
(c) Percentage change is given by (2.25-2)/2=.125
