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3 years ago

Why is gross profit more important than net profit

1 answer:

4 0

Gross profit shows how much money you made in relation to the cost of goods sold, this calculation is very important when you need to know wether a product is profitable or not. Net profit also substracts the expenses (building machinery,etc).

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Which of the following is TRUE? *

Katena32 [7]

Answer:

increase income or decrease total expenses

Explanation:

Over budget refers to a situation where the estimated costs exceed the actual resources available or the amount allocated. Over budget is when expenses are more than allocated finances.

There are insufficient funds in an over budget. To address the insufficient funds issue, more resources must be obtained, or the expenses must be reduced.

7 0

3 years ago

A consulting company hired by Best Builders has just completed a study to determine the best fencing for a condominium complex B

Alenkinab [10]

Answer: conclusions for each option studied

Explanation:

A recommendation report is a report that is used to propose solution to a particular problem; then, the best solution will then be chosen after the solution has been proposed.

We should note that before a solution is proposed, the first thing to do is to identify the problem in order to know the root cause of what's happening. Then, a conclusion will then be made for the options that were studied.

7 0

3 years ago

This year, Johnson Mills has annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. Th

malfutka [58]

Answer:

$3,857

Explanation:

From the above, we do know that;

Revenue - Expenses = Net income

But

Expenses = Revenue - Cost of goods sold - Admin expenses - Depreciation expenses

Also,

Net income tax = Income before taxes × ( 1 - tax rate)

Since we do not know Net income taxes,

Net income - Dividends = Change in retain earnings

Net income = $2,810 + $700

= $3,510

Income before taxes = $3,510 / 0.79

= $4,443

$37,800 - $23,200 - $6,300 - Depreciation expenses = $4,443

Therefore,

Depreciation expenses = $3,857

5 0

3 years ago

Identify the careers that require a college degree and the ones that require only a certification.

ollegr [7]

biomedical engineer - college degree

hairstylist - certification

childcare director - college degree

museum personnel - college degree ??

sociologist - college degree

tour guide - certification??

A couple of these I am not sure of but the others I am positive.

4 0

3 years ago

Read 2 more answers

The FICA tax consists of Question 20 options: federal income tax and Social Security tax. Social Security tax and Medicare tax.

likoan [24]

Answer:

The FICA tax consists of Social Security tax and Medicare tax.

Explanation:

FICA is the acronym for the Federal Insurance Contributions Act, a federal law that establishes that both employers and workers must pay a percentage of their earnings or salary to a federal fund destined to contribute to the federal social insurance fund, which includes within itself Social Security and Medicare programs, destined to provide social and health services to the most disadvantaged sectors of the American population such as disabled or retired people, among others.

8 0

3 years ago