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
Anuta_ua [19.1K]
3 years ago
14

earned net sales revenue of $62,000,000 in 2016. Cost of goods sold was $41,540,000​, and net income reached $9,000,000​, the​ c

ompany's highest ever. Compute the​ company's gross profit percentage for 2016. g
Business
1 answer:
Gekata [30.6K]3 years ago
3 0

Answer:

33%

Explanation:

The gross profit percentage is also known as the gross margin which is the ratio of the gross profit to sales. it shows the amount of gross profit earned per $1 of revenue made.

The gross profit is the difference between the sales and the cost of goods sold.

Gross profit for 2016

= $62,000,000 - $41,540,000

= $20,460,000

Gross profit percentage

= $20,460,000 /$62,000,000

= 0.33

= 33%

You might be interested in
On October​ 1, 2019, Fashion Jewelers accepted a​ 5-month, 11% note for​ $7,500 in settlement of an overdue account receivable.
Nataliya [291]

Answer:

The accrued interest on the note at December​ 31, 2019 is $206.25

Explanation:

Fashion Jewelers accepted a​ 5-month, 11% note for​ $7,500.

The amount of interest for 1 year = 11% x $7,500 = $825

The amount of interest for 1 month = $825/12 = $68.75

From October​ 1, 2019 to  December 31, 2019, Fashion Jewelers has accepted the note for 3 months.

The accrued interest on the note at December​ 31, 2019 = $68.75 x 3 = $206.25

7 0
3 years ago
Using the summary of the accident, calculate the total dollar value of the property damage
NARA [144]

Answer:

The summary of the accident, calculate the total dollar value of the property damage  Stephanie caused is explained below in detail.

Explanation:

The term 100/300/100 coverage indicates that a character has coverage of $100,000 physical damage mortgage coverage per person, $300,000 total physical damage mortgage insurance per accident, and $100,000 property loss accountability per accident.

So, in case Stephanie prompted a property and accident destruction, then $1,00000 will be sustained by the insurance corporation and above this value, it will be paid by Stephanie.

8 0
3 years ago
A company needs to locate three departments (X, Y, and Z) in the three areas (I, II, and III) of a new facility. They want to mi
dolphi86 [110]

Answer:

(A) $2,600

Explanation:

Please see attachment .

6 0
3 years ago
Consider the following items: • Land • Accounts Receivable • Notes Payable (due in three years) • Accounts Payable • Retained Ea
sashaice [31]

Answer:

Land, Building and equipment

Explanation:

As we know that

Total assets include current assets, fixed assets and intangible assets Current assets involve cash, stock, account receivables, etc. Fixed assets comprise plant & machinery, property, equipment, furniture & fittings, etc.

So according to the given situation, the land, building and the equipment is considered generally as a long term asset

4 0
3 years ago
you are driving lyou are driving on a two-lane highway behind a large vehicle that you want to pass to ensure you can see ahead
Paha777 [63]

Answer: You should wait until the road is straight and completely clear of cars, obstructions, animals, etc before passing.

Hope this helps!   :)

Explanation:

7 0
3 years ago
Other questions:
  • Which of the following does not describe​ derivatives? A. These financial instruments are often used to speculate. B. Insurance
    15·1 answer
  • _____________ divide a distribution into four groups, and __________divide a distribution into ten groups
    13·1 answer
  • The key elements of motivation are​ ________________. A. ​attitude, behavior, and direction B. ​sustainability, cooperation, and
    11·1 answer
  • Which type of demand for money causes the demand for money curve to slope downward? question 2 options: 1) speculative demand. 2
    8·1 answer
  • For product costs associated with a particular product to be reported on the income statement:
    12·1 answer
  • You have decided that you would like to own some shares of GH Corp. but need an expected 12% rate of return to compensate for th
    11·1 answer
  • You expect to receive a payout from a trust fund in 3 years. The payout will be for $10,200. You plan to invest the money at an
    8·1 answer
  • What is a router?<br> (please describe in a specific way)
    6·1 answer
  • What objects are necessary for the formation of shadows ?​
    6·1 answer
  • Question Completion Status:
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!