D short term,long term and medium
Answer: It is very important because you need to be prepared to invest the time and money necessary to gain the required skills.
Explanation:
Answer:
27.79%; $191,840
Explanation:
Given that,
Net sales = $763,000
Cost of goods sold = $551,000
Net Income = $20,160
Gross Profit
:
= Net sales - Cost of goods sold
= $763,000 - $551,000
= $212,000
Gross margin
:
= Gross Profit ÷ Net sales
= $212,000 ÷ $763,000
= 0.2779 or 27.79%
The operating expenses can be modeled with:
Net Income = Revenues - Expenses - COGS
$20,160 = $763,000 - Expenses - $551,000
Expenses = $191,840
The managers are taking a utilitarian approach to organizational decisions.
<h3>What is the Utilitarian Approach?</h3>
This is known to be a kind of assessment of an action that is said to be based on the effect or the consequences or outcomes.
An example is the net benefits and costs to all stakeholders on a personal level. It aim to get the greatest good for the highest or best number while making the least amount of harm.
Learn more about utilitarian approach from
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