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zhuklara [117]
3 years ago
14

Baco opens its business in 20x2 and purchases merchandise on account for $88000. In 20x2, baco pays $67000 cash on the $88000 du

e, sales are $145000 and ending inventory is $24000. Baco gross profit for 20x2 is?
Business
1 answer:
FrozenT [24]3 years ago
5 0

Answer:$81,000

Explanation:

Sales is $145,000

Less:

Cost of goods sold is purchases less closing inventory

$88,000 - $24,000

= $64,000

Gross profit = $145,000 - $64,000

= $81,000

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What important technology has done the most
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What is the effect on the labor market of counting marginally attached workers as​ unemployed? If we count marginally attached w
Setler79 [48]

Answer:

C. the labor force participation rate falls

Explanation:

Marginally attached workers are not part of labor force, but if they are included and are unemployed then the labor which is actually participating will fall.

As in the labor participation rate = Working labor or simply employed labor divided by total labor force.

Thus, in this case with marginally attached labor, only denominator will increase in the equation.

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8 0
3 years ago
The full disclosure principle requires a balance between_______________.
N76 [4]

Answer:

Relevance and cost effectiveness  

Explanation:

Full disclosure principle means that a business should report all the relevant and necessary information regarding their financial statement to the people who are accustomed to reading it as not disclosing full information might affect the readers understanding.

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Not disclosing all the information could manipulate the companies financial statement and it may look stronger that it really is.

3 0
3 years ago
Sapien Corporation has provided the following data for the most recent year: Sales $1,340,000 Gross margin $460,000 Net operatin
natima [27]

Answer:

Option (d) is correct.

Explanation:

Given that,

Sales = $1,340,000

Gross margin = $460,000

Net operating income = $54,846

Net income before taxes = $41,846

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Gross margin percentage is calculated by dividing the gross margin with sales.

Gross margin percentage:

= (Gross margin ÷ Sales ) × 100

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= 34.3 % (Approx)

5 0
4 years ago
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