The
gross margin ratio is also known as the gross profit margin or the gross profit
percentage.<span>
The gross margin ratio is computed by dividing the
company's gross profit dollars by its net sales dollars.</span>
swim department net sales--------------------- $1,150,000
cost of goods sold<span> -------------------------------- $638,400</span>
This means its gross profit is $511,600 (net sales of $1,150,000
minus its cost of goods sold of $638,400) and its gross margin ratio is 44%
(gross profit of $511,600 divided by net
sales of $1,150,000).
Answer:
Yes the absolute privilege for communications made in judicial or other official proceedings apply to statements made when a citizen contracts the police to report suspected criminal activity
Explanation:
Absolute priviledge for communication is the provision that covers a person from legal action on grounds of defamation for statements made. Under certain circumstances a person can make defamatory statements and be immune from legal action.
In this scenario Lydia Harberg went to California Federal Bank to cash a check that was suspected to be fake.
Nolene Showalter contacted SB to confirm. Based on the information provided at that time, the check was confirmed to be fake. The implication was that a fraud was being perpetrated.
So his action of calling the police is justified. SB only verified they gave out wrong information the first time
Answer:
C) twelve weeks of unpaid family or medical leave during any twelve-month period.
Explanation:
The Family and Medical Leave Act of 1993 provides employees with temporary medical leave when:
- their child is born (or they adopt a child) and they must take care of him/her
- if their spouse (husband or wife), child under 18, or parent has a serious health condition
- when the employee himself/herself has a serious medical condition and cannot work
Answer:
Monthly payment = $769.27
Explanation:
First we have to determine the future value of the ordinary annuity:
Payment = $235.15
N = 20 * 12 = 240
Rate = 3.2% / 12 = 0.267%
Using a financial calculator and the FV function, the FV = $78,910.41
Again, using the financial calculator or Excel, you can determine the monthly payment:
N = 10 / 12 = 120
Rate = 0.267%
PV = $78,910.41
FV = $0
Monthly payment = $769.27
Answer:
Paul is not maximizing his utility because MUd/Pd is greater than MUb/Pb
Explanation:
Marginal utility is the extra satisfaction derived from spending an additional unit of money on consuming a particular product or service.
In order to determine if he is maximizing his utility, we must calculate his utility per dollar, and this is done by dividing his Marginal Utility by the price.
Marginal Utility per dollar of DVDs is:
MUd/Pd = 23/11 = 2.09
Marginal Utility per dollar of books is:
MUb/Pb = 5/3 = 1.67
Utility is maximized when MUd/Pd is equal to MUb/Pb and Paul has exhausted his budget.
