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Reil [10]
3 years ago
11

In 2020, the Merkel Company had revenues of $2,600,000 and costs of $2,100,000. During 2021, Merkel will be introducing a new pr

oduct line that is expected to increase sales revenue by $260,000 and costs by $172,000. Assuming no changes are expected for the other products, the operating profits are expected to increase by:
Business
1 answer:
Leona [35]3 years ago
6 0

Answer:

$88,000

Explanation:

We know that

The operating profit = Revenues - cost

                                  = $2,600,000 - $2,100,000

                                  = $500,000

If there is increase, so the operating profit would be

= Revenues - cost

where

Revenues = $2,600,000 + $260,000

                 = $2,860,000

Cost = $2,100,000 + $172,000

        = $2,272,000

So, operating profit is

= $2,860,000 - $2,272,000

= $588,000

So, the increase in operating profit would be

= $588,000 - $500,000

=  $88,000

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kiruha [24]

Answer:

$2.73

Explanation:

Question is incomplete. But assuming the company earn per shares before tax is $7 and the company pays a dividend of $2

Hence, the total amount of taxes paid is = Company earn per shares *  personal tax rate on​ non-dividend income

= $7 * 39%

= $7 * 0.39

=$2.73

8 0
3 years ago
Select the correct answer.
Whitepunk [10]

Answer:

D

Explanation:

6 0
3 years ago
A financial services firm that charges customers based on a percentage of the assets under management is best defined as:_______
Softa [21]

A Money Manager is a person or Financial firm that charges customers based on a percentage of the assets under management.

A money manager is someone or a financial firm that manages the securities portfolio of a person or institutional traders. expert money managers do now not receive commissions on transactions; instead, they are paid based on a percent of property underneath management.

A financial firm approach any firm or fund that makes assignment capital or other investments, or that engages in funding banking, the mutual fund business, or the securities commercial enterprise.

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Learn more about Financial Firm here:- brainly.com/question/989344

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4 0
2 years ago
If markets are in equilibrium, which of the following conditions will exist? A. Each stock's expected return should equal its re
xxMikexx [17]

Answer:

<u>A</u>

<u>Explanation</u>:

Remember, in economics the term equilibrium implies that this terms

  • price and,
  • quantity demanded

<u>are all equal or in a state of stability.</u>

Therefore, the stock in such an equilibrium market would yield it expected returns since there are no external factors such as increase in price that could affect the value.

8 0
3 years ago
The newest version of a product like Crutchfield headphones is likely to use _____, while the new version of Monster Energy is l
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<h3>What is  price skimming?</h3>

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Electronic products, such as the Apple iPhone, frequently use a price-cutting strategy during the initial launch period. Then, after competitors launch competing products, such as the Samsung Galaxy, the price of the product drops to maintain the product's competitive advantage.

The pricing strategy will be influenced by the stage of the product's life cycle. The process of charging a relatively high price for a product is referred to as price skimming. Skimming is commonly used when a product is new to the market (in its introduction or growth phase) and has few competitors.

To know more about  price skimming follow the link:

brainly.com/question/15371394

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3 0
1 year ago
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