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enyata [817]
3 years ago
14

A company's net sales were $676,600, its cost of goods sold was $236,810 and its net income was $33,750. Its gross margin ratio

equals:
Business
1 answer:
algol133 years ago
7 0

Answer:

13.01%

Explanation:

Gross Margin Ratio = \frac{Net Sales - Cost of Goods Sold}{Net Income}

Gross Margin Ratio = \frac{676,000 - 236,810}{33,750}

Gross Margin Ratio = \frac{439,190}{33,750}

Gross Margin Ratio = 13.01%

Gross Profit Margin is represented as (Percentage) %. Now, the Gross profit margin is really worth investigating. It not only helps when comparing Gross Profit Margin with competitors but is also helpful in investigating and comparing previous year's Gross Profit Margin. If the Gross Profit Margin fallen there could be number of reasons for this, one might be the cost of goods sold has gone up. On contrary, on the other hand the increase in Gross Profit Margin might be because of increase in selling prices.

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The rise in the number of mini-multinationals means that Group of answer choices there is greater state involvement in industry.
cluponka [151]

Answer:

small businesses are becoming increasingly involved in international trade and investment.

Explanation:

Even though the term mini-multinational corporation seems like an oxymoron, it is not. Mini-multinational corporations are medium (or even small) size companies that start to operate in more than 1 country and generally reach out to whole geographic regions, e.g. Central America, the Mercosur in South America, Southern Asia.

Even though when we hear the term small business we might think about a family restaurant or store, or a small bakery, legally, businesses are considered small if they have generally less than 500 employees (which is actually a lot of people) and their total sales are less than $35.5 million per year (which is also a lot).

Globalization and the internet has made it easier for small and medium sized businesses to start operating in more than one country since trade barriers have lowered significantly.

6 0
4 years ago
Explain the technique of making bamboo based handicrafts with an example.​
Gala2k [10]

Answer:

Bamboo can be processed into thin strips or sheet materials for bamboo plaiting , commonly known as bamboo strips. The processing procedures of bamboo strips include selecting materials , sawing bamboo, pruning, scraping, dividing, splitting, setting the width, thinning and chamfering.

Explanation:

Example: •Bamboo furniture

•Bamboo toys

•Bamboo wind chimes

•Bamboo lamps and lanterns

•Bamboo placements and coasters

6 0
3 years ago
a business expecting to make money and continue in business indefinitely is applying the accounting concept_____________.
algol [13]

Answer:

Going concern

Explanation:

Going concern is an accounting term that means a business is expecting to make money and continue in business indefinitely. It means the business would continue to operate into the foreseeable future without a threat of liquidation.

I hope my answer helps you

8 0
3 years ago
This graph shows that there was an increase in the unemployment rate in the U.S. in the years between 1990 and 1993. This increa
OverLord2011 [107]

Answer:

Option A (an economic recession in the U.S) would be the correct choice.

Explanation:

  • A recession seems to be an economic and financial term of knowledge and skills to a substantial reduction in the total financial outlook of the specified location.
  • Usually, as expressed by GDP throughout combination with monthly metrics such as an uptick in unemployment, this one has been recognized as two successive quarters of economic downturn.

Some other three options aren't connected to the example described. But the response above is the right one.

3 0
3 years ago
Sheffield Corp. sold $120000 of goods and accepted the customer's $120000 8%, 1-year note receivable in exchange. Assuming 8% ap
svetlana [45]

Answer:

The journal entry to record the sale :

Debit : Note Receivable $120000

Credit : Sales Revenue $120000

Explanation:

The journal entry to record the sale includes a Debit entry of a Note Receivable at the amount owed by the customer since there was no immediate payment of cash and a Credit entry of Sales Revenue to recognize Income earned.

8 0
3 years ago
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