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Evgen [1.6K]
4 years ago
8

Use the following account numbers and corresponding account titles to answer the following question.

Business
1 answer:
puteri [66]4 years ago
4 0

Answer:

d. Account numbers 3 and 9

Explanation:

gross margin ratio = gross profit / total sales

gross profit = total sales - cost of goods sold

so gross margin ratio = (total sales - cost of goods sold) / total sales

so the accounts that affect gross margin are total sales (9) and cost of goods sold (3)

the gross margin gives us a percentage of what is left after covering COGS and can be used to pay for S&A expenses or result in profit.

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Rosewood Company made a loan of $8,600 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rate
tatuchka [14]

Answer:

Year 1 = $387

Year 2 = $516

Explanation:

Loan has been granted on 1 April in Year 1 i.e. for a period from 1 April to 31 December = 9 months.

Interest for year 1 @6% = $8,600 X \frac{6}{100} X\frac{9}{12}

= $387

Interest for year 2 will be from 1 January to 31 December =

$8,600 X \frac{6}{100} X \frac{12}{12} = $516

Therefore interest revenue to be reported by Rosewood Company will be as follows

Year 1 = $387

Year 2 = $516

6 0
4 years ago
A forecast is defined as a(n) _________________________________. set of observations on a variable measured at successive points
4vir4ik [10]

Answer: I found the complete question:

A forecast is defined as a(n):

a. prediction of future values of a time series.

b. quantitative method used when historical data on the variable of interest are either unavailable or not

applicable.

c. set of observations on a variable measured at successive points in time.

d. outcome of a random experiment.

And the correct answer is "a. prediction of future values of a time series. ".

<u>A forecast is defined as a prediction of future values of a time series.</u>

4 0
3 years ago
How much would you have made or lost on an investment of $1 000
Ad libitum [116K]

Answer:

depends on how much you already have...

Explanation:

5 0
3 years ago
Carie opted to exercise her May option on April 3rd and received $1,750 in exchange for her shares. She must have owned a(n):
olganol [36]

Answer:

the correct answer is C. American put.

good luck

5 0
3 years ago
Retained earnings represents: Multiple Choice Amount of cash available for paying dividends. Total assets minus total liabilitie
kotegsom [21]

Answer:

All net income, less all dividends, since the company began operations.

Explanation:

Retained Earnings are the retained profits that the company keeps with itself, for meeting any case of emergency or for growing company and thus, meeting the growing expenses.

Each year when company earns profits and then, it distributes its profits in the form of dividends, the balance remaining after paying the dividends is added to retained earnings.

Thus, the entire balance of these kind of profits not paid anywhere else and also not utilized is called retained earnings.

4 0
3 years ago
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