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
Gennadij [26K]
3 years ago
6

Your revenue is $353,522. Your Cost of Goods Sold are $124,555 and your Operating expenses are $170,124. What is your gross marg

in?
Business
1 answer:
anygoal [31]3 years ago
7 0

Answer:

$228,967

Explanation:

Gross margin or gross profit is the amount of money remaining after subtracting the cost of goods sold from net sales. The net sale is the actual Revenue after adjusting for discounts, returns, and damaged inventory.

Gross margin is calculated using the formula,

Gross margin = Revenue - costs of goods sold

In this case

Gross margin = $353,522- $124,555

Gross margin =$228,967

You might be interested in
Scenario: Phillip and Joseph are two classmates who represented their college in a quiz competition as a team and won $500. Howe
Svetlanka [38]

Answer:

The answer is He will except any offer made to him.

Explanation:

If Joseph prefers more money to less, ___He will except any offer made to him._____. Because he wants the money.

3 0
3 years ago
Jack’s Snow Removal Company received a cash advance of $14,700 on December 1, Year 1 to provide services during the months of De
Ipatiy [6.2K]

Answer:

d. increase equity by $4,900

Explanation:

Jack Snow received $14,700 on December 1 for services to be rendered in December, January and February. It will not be recorded as income because it hasn't been earned.

Adjusting entries will be passed at the end of each month to recognise amount earned.

Since it is for 3 months, monthly amount earned = 14,700/3= $4,900

At December 31 Retained earnings will be credited for $4,900.

Retained earnings is part of owner's equity.

So equity will increase by $4,900

8 0
3 years ago
Explain which of the 5 Management Functions is your strength and weakness? Planning, Organizing, Staffing, Implementing, and Org
Aleonysh [2.5K]
Planning is one of my strengths, but it does depend on ones ability to get things together, and be fast and com up with things in the spot , it is a powerful and important duty to uphold , but definitely one of my strengths

One of my weaknesses is organizing , keeping things in there order is not a specialty of mine although I do like it when things are where they are supposed to be, but me personally I don’t find organizing to be one of the most important things
4 0
3 years ago
Peter contracted with Abe to buy his motorcycle. Peter thought he had bought the 2011 motorcycle, but Abe had intended to sell h
Molodets [167]

Answer:

This is called a MUTUAL MISTAKE

6 0
4 years ago
Maxim has already spent $28,000 to manufacture a hamster food product called Green Health. Maxim currently has 10,000 bags of Gr
andriy [413]

The incremental income to process further for Maxim company equals to $30,000.

<h3>What is an Incremental income?</h3>

This means the profit that a business gains from an increase in sales.

It is gotten when there is an additional revenue generated by a certain product.

The Net income to be generated from Green health equals:

= Revenue - Cost

= $90,000 - $28,000

= $62,000

The Net income to be generated from Premium Green equals:

= Revenue - Extra cost

= $98,000 - $6,000

=$92,000

<h3>What is Incremental income to Process further?</h3>

= $92,000 - $62,000

= $30,000

Read more about Incremental income

<em>brainly.com/question/1446002</em>

#SPJ1

8 0
2 years ago
Other questions:
  • Kubin Company’s relevant range of production is 13,000 to 18,000 units. When it produces and sells 15,500 units, its average cos
    9·1 answer
  • Anemployer may choose to match money employees invest in a
    5·1 answer
  • Which of the following is a business plan most similar to?
    8·1 answer
  • Which of the following statements are true regarding dividends?
    11·1 answer
  • Which of the following is the number one method of financing for most new businesses​
    7·1 answer
  • If you use a credit card what are you creating
    7·1 answer
  • WILL GIVE BRAINLIEST HELP ASAP
    9·2 answers
  • Trent is 25 years old and works for a company that matches his 401(k) contribution up to 5%. The interest rate for his 401(k) is
    12·1 answer
  • David purchased a $5,000 bond on the secondary market. He paid a $500 premium. What is David's basis?
    6·1 answer
  • Highly anxious drivers have significantly longer_____ Times as tasks increased in difficulty
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!