1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sever21 [200]
3 years ago
14

Assume the following cost of goods sold data for a company: 2017: $1,700,000 2016: 1,400,000 2015: 1,200,000 2014: 1,000,000 If

2015 is the base year, the percentage increase in cost of goods sold from 2015 to 2017 is closest to Select one: a. 25% b. 71% c. 21% d. 42% e. 29%
Business
1 answer:
WITCHER [35]3 years ago
3 0

Answer:

d. 42%  

Explanation:

The percentage increase in cost of goods sold is calculated as:

⇒ <u>Current Year</u> - 1

     Base Year

,⇒ <u>1,700,000</u> - 1

     1,200,000

⇒ 41.66% or 42%.

You might be interested in
According to the rule of 72, if you have $15,000 in an account that grows at the rate of 12 percent annually, it will take appro
yulyashka [42]

Answer:

true

Explanation:

7 0
2 years ago
The current futa tax rate is 0.8%, and the suta tax rate is 5.4%. both taxes are applied to the first $7,100 of an employee's pa
Goryan [66]
The given values in the problem are enumerated below:
futa tax rate = 0.8%
suta tax rate = 5.4 %
Employee's fee = $7,100
Amount taxes = $7100 *(0.008+0.054)= $440.2

When an employee earned total wages of $9100, we can solve the unknown:
Employee's wages =  $9100 + $440.2
Employee's wages = $ 9540.2

3 0
3 years ago
If the government increases taxes in response to an inflation, the government is engaging in what economists call?
olchik [2.2K]

Answer:

fiscal policy

Explanation:

Fiscal policy is the policy which is used by the government the tax rate and government spending economy to analyse the economy of the nation

It is a technique through which a national bank impacts a country's cash supply.

The instances of fiscal policy are tax reductions and expanded government spending. Both of these strategies are proposed to build total interest while adding to shortages or drawing down of spending plan surpluses.

4 0
3 years ago
Read 2 more answers
Pell Corporation manufactures computers. Assume that Pell allocates manufacturing overhead based on machine hours estimated 10,0
Contact [7]

Answer:

exist 139,200

Explanation:

Assume that Pell allocates manufacturing overhead based on machine hours, estimated 10,000 machine hours and exist 87,000 that implies that the standard cost per machine hour = exist 87,000 / 10,000 = 8.7 exist

Therefore the manufacturing overhead costs if Pell actually used 16,000 machine hours will be: 16000 x 8.7 = exist 139,200

8 0
3 years ago
You want to buy an Audi A8 7 years from now. You have priced these cars and found that they currently sell for $83,800. You beli
lana [24]

Answer:

We to invest <em> $ 17,213 per year to buy the car in  seven years from now</em>

Explanation:

<u><em>First, we solve for the future value of the car:</em></u>

Principal \: (1+ r)^{time} = Amount

Principal 83,800.00

time 7.00

rate 0.10000

83800 \: (1+ 0.1)^{7} = Amount

Amount 163,302.49

<u><em>Then, for the PTM to achieve tham amount in 7 years:</em></u>

FV \div \frac{(1+r)^{time} -1}{rate} = C\\

FV 163,302

time 7

rate 0.1

163302.49298 \div \frac{(1+0.1)^{7} -1 }{0.1} = C\\

<em>C  $ 17,212.981 </em>

8 0
3 years ago
Other questions:
  • ​for most homeowners, the most important financial benefit from owning a home is that it is:
    11·1 answer
  • Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing
    8·1 answer
  • To gain market share, when hyundai first entered the u.s. car market it did so with a comparatively low pricing strategy. one of
    14·1 answer
  • How do comparative advantage and absolute advantage differ?
    14·1 answer
  • craig thought he could earn $1,000 selling paintings in 6 months. instead, he made $1,200. what is the percentage difference?
    15·1 answer
  • Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 315,000 Beginning m
    5·1 answer
  • Catherine is a U.S. citizen who is employed by DSC, Inc., a global company. Beginning on August 1, 2020, Catherine began working
    8·1 answer
  • Jamie is single. In 2020, she reported $108,000 of taxable income, including a long-term capital gain of $5,800. What is her gro
    7·1 answer
  • When the bond sells at par, the implicit €/$ exchange rate at maturity of a Euro/U.S. dollar dual currency bond that pays $651.2
    10·1 answer
  • What are the three main types of economic systems?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!