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garri49 [273]
3 years ago
13

Seaview Company took the following data from their income statement at the end of the current year.Per-unit product cost:$30Gros

s margin percentage:40%Selling and administrative expenses$30,000Operating income$10,000hat was gross margin for the year?
Business
1 answer:
MakcuM [25]3 years ago
5 0

Answer:

Gross margin= $40,000

Explanation:

Giving the following information:

Per-unit product cost: $30

Gross margin percentage:40%

Selling and administrative expenses $30,000

Operating income$10,000

We know that:

operating income= gross margin- selling and administrative income

10000= gross margin- 30000

40000= gross margin

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atroni [7]

Answer:

The answer is: B) He should check out the enterprise zones in Arizona

Explanation:

Enterprise zones were created to attract new businesses and investments to certain urban areas by offering tax concessions, infrastructure incentives and reduced regulations. Companies usually can locate for free there (some give out land to businesses for free), and the business don't have to pay certain taxes for doing so (usually local and/or state taxes, but sometimes even some federal taxes).

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3 years ago
If you are in a car accident caused by someone else who also has insurance, which type of insurance plan will not require you to
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2 years ago
When presenting solutions, Chris (a salesperson)often has to handle buyer resistance. Chris should think of buyer resistance as
Vadim26 [7]

Answer:

C) Positive

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4 0
3 years ago
If $3000 is invested at 9% interest, compounded annually, then after n years the investment is worth an = 3000(1.09)n dollars. (
Charra [1.4K]

Answer:

The first five terms of the sequence are:

First year: $3270.00

Second year: $3564.30

Third year: $3885.09

Fourth year: $4234.75

Fifth year: $4615.87

Explanation:

When we're dealing with compound interest rates we're dealing with interests being re-invested into the original investment. This means that the new interests of one period will bear interests in the next period. This can be simply calculated using the compound interest formula.

The formula for compound interest rates is P(1+i)^{n}

Where:

<em>P</em> is the principal amount being invested,

<em>i</em> is the interest rate,

<em>n</em> is the number of years.

So for the first year we replace in the formula with the given values:

3000 × (1.09)^{1} = $3270

And for the rest of the years we only need to modify the value of <em>n</em>.

For the second year we'd have:

3000 × (1.09)^{2} = $3564.3

And so on.

4 0
3 years ago
Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for e
worty [1.4K]

Answer:

Selling price: $ 1,116

Explanation:

The selling price of the job =

Manufacturing cost + (20% × manufacturing cost)

Manufacturing costs = Material cost  + labour cost + Overhead

330 + ($12 × 20) + ($18  × 20) = 930

Selling price of the Job =  930 + (20% × 930)

                                       = $ 1,116

4 0
3 years ago
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