1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Blababa [14]
2 years ago
15

g In 2009, an agricultural company introduced a new cropping process which reduced the cost of growing some of its crops. If sal

es in 2008 and 2009 were steady at $30 million, but the gross margin increased from 2.8% to 3.9% between those years, by what amount was the cost of sales reduced
Business
1 answer:
damaskus [11]2 years ago
4 0

Answer:

$ 330000

Explanation:

Gross margin represent the amount of money remaining after the removal or subtraction of cost of product or services sold from its net sales \

Gross margin = ( total revenue - costs of good sold ) × 100

the sales in 2008 and 2009 were steady at $ 30 million dollar

the gross margin increased from 2.8% to 3.9 %

the amount the cost of sales reduced = ( $ 30 million × 0.039) - ( $ 30 million × 0.028) = $ 330000

You might be interested in
Your opportunity cost of cutting hair at your barbershop is $20 per hour. Electricity costs $6 per hour, and your weekly rent is
Brilliant_brown [7]

Answer:

B) $26

Explanation:

Marginal Cost Formula:

Marginal Cost = Change in total cost / Change in quantity

Marginal Cost = (2070-1888) / 10-9

Marginal Cost = 182/1

Marginal Cost = $182

Marginal Cost = 182/70 = $26/hour

Working:

9 hours a day

Number of Hours worked during week = 9x7 = 63 hours

Total Cost = ((20+6)x63)+250 = $1,888

10 hours a day

Number of Hours worked during week = 10x7 = 70 hours

Total Cost = ((20+6)x70)+250 = $2,070

3 0
3 years ago
How krdia you have seen/used/participate in has depicted canada and how it has shaped your understanding and knowledge of the co
Akimi4 [234]

Answer:

no idea hhahahahahahahahahahahahahaha

7 0
3 years ago
If a perfectly competitive firm and a single-price monopolist face the same demand and cost curves, then the competitive firm wi
Rudik [331]

Answer:

a

Explanation:

greater output and charge lower price than the monopolist

7 0
3 years ago
Say’s law argues that a given ____________________ must create an equivalent ________________________ somewhere else in the econ
Nesterboy [21]

Answer:

1) Value of supply

2) Value of demand

Explanation:

hope this helps :( let me know if i got it right

6 0
1 year ago
the area ________ the market supply curve and ________ the market price is equal to the total amount of producer surplus in a ma
Anton [14]

Answer:

the area under the demand curve

Explanation:

7 0
2 years ago
Other questions:
  • Determine the uniform annual value for the cash flow below at an interest rate of 11% per year.
    13·1 answer
  • The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods invent
    6·1 answer
  • The board of directors of UT Wireless, Inc. is considering two compensation plans for the CEO of the company. The first would pa
    10·1 answer
  • The following costs were incurred in September:
    10·1 answer
  • Marginal utility is the change in total utility obtained by consuming one more unit of a good. B) change in total utility obtain
    5·1 answer
  • A subsidiary ledger:
    11·1 answer
  • Permabilt Corp. was incorporated on January 1, 2019, and issued the following stock for cash: 2,000,000 shares of no-par common
    5·1 answer
  • Wriston Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be
    11·1 answer
  • You deposit $1,800 at the end of each year into an account paying 10.6 percent interest.
    8·1 answer
  • As the interest rate __________, the opportunity cost of holding money __________ and individuals choose to hold __________ mone
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!