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umka2103 [35]
3 years ago
5

A company reports the following information as of December 31st: Sales revenue $ 350,000 Cost of goods sold $ 150,000 Operating

expenses $ 110,000 Foreign currency translation gain $ 25,000 Ignoring income taxes, what amount should the company report as net income as of December 31st?\
Business
1 answer:
Feliz [49]3 years ago
7 0

Answer:

$90,000

Explanation:

Sales revenue $350,000

Cost of goods sold $150,000

Operating expenses $110,000

Foreign currency translation gain $25,000

Gross profit= sales revenue - the cost of goods sold

=$350,000-$150,000

=$200,000

Net income = Gross profit - Operating expenses

=$200,000 - $110,000

=$90,000

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Betty made a 20% profit on a residential lot she sold for $30,000. What did she pay for the property
Ludmilka [50]

Answer: $25000

Explanation:

From the question, we are informed that Betty made a 20% profit on a residential lot she sold for $30,000. Let the cost price of the property be represented by x.

Therefore, (100% + 20%) of x = $30000. This means that 120% of x = $30000.

120% × x = $30000

1.2x = $30000

x = $30000/1.2

x = $25000

Therefore, the amount paid for the property is $25000

3 0
3 years ago
The risk-free rate and the expected market rate of return are 0.06 and 0.12, respectively. According to the capital asset pricin
zavuch27 [327]

Answer:

<u>13.2%</u>

Explanation:

As per Capital Asset Pricing Model (CAPM),

Expected Rate Of Return = R_{f}  \ +\ B(R_{m} \ -\ R_{f} )

wherein, R_{f} = Risk free rate of return on treasury bonds

               B= Beta , which represents the degree of sensitivity of security return to the market return.

               R_{m} = Return on market portfolio

Thus, Expected rate of return of security X = 6 + 1.2(12 - 6)

                                                                        = 13.2%

CAPM model is used for calculating expected rate of return. As per the model, the investors expect a risk premium represented by excess of rate of return of market portfolio over risk free rate , in addition for the risk free rate of return.

The risk premium serves as a compensation for investing in risky securities instead of risk free securities.

5 0
3 years ago
Ski trips and ski jackets are complements. the cross elasticity of demand for ski trips with respect to the price of a ski jacke
Mrrafil [7]

If the price of the ski trip has increased then the demand for the ski jacket will likely decrease because of the demand curve in terms of the ski jackets that will be shipping to the leftward as the ski trip were to increase.

6 0
3 years ago
In a push based system of distribution which relies on selling to customers through a sales force and retail partners, managers
Elanso [62]

Answer:

a) channel members.

Explanation:

A push-based distribution system can be defined as one whose production plan is directed from management to the market, where products are sent through a channel until they reach retailers, and then to the final consumer.

Therefore, managers direct their promotional efforts more towards channel members, so that the path that the product goes through to reach the final consumer is effective so that the product arrives in the right way, in the right quantity and at the right time to the consumer. Effective management of the company 's distribution channel helps to reduce costs, reduce delays, speed up the capacity to meet demand, increase customer satisfaction, etc.

6 0
3 years ago
Curtis was recently laid off and was given severance pay on the condition that he agreed not to criticize the organization publi
Luda [366]

This is an example of a non-disparagement agreement.

<h3><u>What is a non-disparagement agreement?</u></h3>

A part of an agreement, such as an employment contract, separation agreement, or marital settlement agreement, stipulates that the involved parties are prohibited from making any negative statements, remarks, or representations about each other. Such clauses are in prevalent use to prevent (ex) employees from adversely affecting the business of employers with disparaging public statements either during or after the employment period has ended.

<h3><u>What Takes Place If a Non-Disparagement Clause Is Broken?</u></h3>

A non-disparagement agreement is still a contract with potential legal repercussions if you don't uphold your half of the bargain, just like any other legal instrument. A breach of a non-disparagement agreement typically has financial repercussions. You might be required to repay all or a portion of your severance pay if non-disparagement was a requirement for you to receive it, depending on the terms of the agreement.

Learn more about the non-disparagement agreement with the help of the given link:

brainly.com/question/14592097?referrer=searchResults

#SPJ4

4 0
2 years ago
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