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dybincka [34]
4 years ago
11

Suppose Sam's Shoe Co. makes only one kind of shoe, which sells for $50 a pair. If they sold 500,000 pairs of shoes, and had a t

otal cost of $1,000,000, what was the company's profit?
Business
1 answer:
Keith_Richards [23]4 years ago
6 0
Big bucks!
Revenue is 50x500k = 25M
Assuming they get 100% and that isn't the retail price, they get 24m gross profit
Before taxes
M00lah mucho!
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The common stock of dayton repair sells for $43.19 a share. the stock is expected to pay $2.28 per share next year when the annu
Nuetrik [128]

Hello there!

Answer:

7.43%

Explanation:

To find the market rate of return on the Dayton repair stock, we would need  to use it's selling price, expected pay, and the 2.15%.

Lets solve:

First, we divide 2.28 by 43.19.

2.28 ÷ 43.19 = 0.0527899976846492

Now we add the 2.15%. In order for us to add it, we would need to move the decimal places two times to the left. We would add 0.0215 to 0.0527899976846492.

0.0527899976846492 + 0.0215 = 0.0742899976846492

Now we would need to move the decimal places over, and round to the nearest hundredths.

7.428

The 8 would round and change the 2 into a 3

7.43.

The market rate of return for the stock would be 7.43%

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3 years ago
How does having a flexible mind help you become a better employee?
likoan [24]
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8 0
3 years ago
Which of the following is incorrect? Multiple Choice As the price level falls, the interest rate declines, and interest-rate-sen
Lerok [7]

Answer: When the price level increases, real balances increase and businesses and households find themselves wealthier and therefore increase their spending.

Explanation:

As the price level falls, the interest rate declines, and interest-rate-sensitive spending increases. It should be noted that a low interest rate will bring about a rise in the demand for investment.

Therefore, when there's a reduction in the price level, there'll be a reduction in interest rate as well which then leads to the rise in demand for investment and rise in aggregate demand.

When the price level increases, there will be a reduction in real balances while the businesses and the households will be poorer when compared to a scenario whereby there's a price fall.

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3 years ago
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xz_007 [3.2K]

Answer:

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3 years ago
The Law of Supply states Group of answer choices A.the quantity supplied varies irregularly with its price B. the qantity demand
Bad White [126]

Answer:

The correct answer is option D.

Explanation:

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In other words, an increase in price will cause the quantity supplied to increase as well and vice versa.  

That is why the supply curve is upward sloping.

3 0
3 years ago
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