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3 years ago

A company reports the following amounts at the end of the year:

Business

1 answer:

Inga [223]3 years ago

8 0

Answer:

33.33%

Explanation:

Given:

Sales revenue = $360,000

Cost of goods sold = $240,000

Net income = $53,000

Now,

the gross profit = Sales revenue - Cost of goods sold

The gross profit = $360,000 - $240,000 = $120,000

Thus,

the company's gross profit ratio = $\frac{\textup{Gross Profit}}{\textup{Sales revenue}}$

The company's gross profit ratio = $\frac{120,000}{\textup{360,000}$

The company's gross profit ratio = 33.33%

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I need help with economic hw can someone come up with a example for scarcity and choice, opportunities cost

diamong [38]

Scarcity occurs when the demand for something exceeds the supply. Examples often occur with natural resources when they are over used. Think of over fishing, hunting or poor farming. The choice to over hunt in present may cost hunting opportunities in the future.

4 0

3 years ago

Duane has a small woodworking business and saves the money for college. He stores his tools in his apartment. Duane would like t

klasskru [66]

Answer:

First option is the right choice.

Explanation:

He will not have as much money for college classes, because he will have to pay for the trailer and its maintenance.

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3 years ago

Park Sung Inc. is a fictional South Korean manufacturer of refrigerators. The company produces at its manufacturing plant in Bus

Murrr4er [49]

Answer:

The answer for each requirement is given separately below.

Explanation:

What is the economic production quantity (EPQ)?

EPQ = ((Annual Requirement * setup cost *2)/Carrying cost per unit)^(1/2)

= ((30,000 * 50 *2)/3^(1/2)

= 1000 Units

a. What is the average inventory level for this optimum production quantity?

Average Inventory level = EPQ/2 = 500 units

b. How many production setups would there be in a year?

Production setups = Annual Usage /EPQ = 30 set ups

C. What is the optimal length of production run in days

length of production = Total Requirement/production per day

= 30,000/275

=110 days approx

d. What would be the savings in annual inventory Cost if setup costs can be reduced to US$40 per setup?

If set up cost reduce to $40 than EPQ = 895

So Set up cost = 30,000/ 895 * 40 = 1,360

Carrying cost = 883/2 *3 = 1,325

Total Cost = $ 2,685 -A

If set up cost $50 than EPQ = 1000

So Set up cost = 30,000/ 1000 * 50 = 1,500

Carrying cost = 1000/2 *3 = 1,500

Total Cost = $ 3,000- B

Saving = B-A = 315 Dollars

4 0

3 years ago

Joey bought a dozen oranges for $3. 50 and several bananas for $0. 25 each at the grocery store. Joey spent a total of $5. 75 on

Verizon [17]

The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

Let the number of bananas be B.

Given the following data:

A dozen oranges = $3. 50

Bananas = $0. 25

Total cost = $5.75

Note: A dozen oranges is equal to 12 oranges.

To determine the number line that best represents the number of bananas Joey purchased:

First of all, we would calculate the number of bananas that Joey purchased:

$3.50 +0.25B =5.75\\\\0.25B =5.75-3.50\\\\0.25B =2.25\\\\B=\frac{2.25}{0.25}$

B = 9 bananas.

For the number line:

The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

6 0

2 years ago

Salon Du Jour offers special combination packages at a reduced price. Separately, a haircut is $30 and a conditioning treatment

Andreas93 [3]

Answer:

product bundle

Explanation:

Product bundling is a sales promotion strategy that involves marketers offer a discount on two or more items sold together as a single item. Complementary goods, or similar items are packaged and offered to consumers. Product bundling is also called package deals.

Product bundling may be targeted to a particular item on the bundle or both. Due to the discount offered, product bundling increases the revenues from the products on offer. It also can increase the market share for each of the products on offer. In this case, a haircut and a conditioning treatment are complementary services. Bundling them together encourages consumption for both.

7 0

3 years ago