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
mihalych1998 [28]
2 years ago
8

The following data is from the income statement of Ralston Company: Revenue$36,000 Cost of goods sold (14,400) Operating expense

s (16,000) Net income$5,600 What is the company's gross margin percentage
Business
1 answer:
nexus9112 [7]2 years ago
5 0

Answer:

60%

Explanation:

Gross Margin Percentage =

[(Total Revenue - Cost of Goods Sold) / Total Revenue] x 100

Therefore, when the figures are substituted into the formula, we obtain:

[(36000-14400) / 36000] x 100 = 60%

In other words, gross margin is basically Gross Profit / Total Revenue expresses as a percentage.

Gross profit is a monetary value whilst gross margin is a percentage value. Both help to determine the amount available to be used to pay off other expenses such electricity, labour and rent. After which the net profit can be obtained.

You might be interested in
Which of the following is the proper sequence of events in an activity-based costing system? a. Calculation of pool rates, ident
bekas [8.4K]

Answer:

The correct answer is letter "B": Identification of cost pools, identification of cost drivers, calculation of pool rates, assignment of cost to products.

Explanation:

Activity-Based Costing or ABC is a managerial accounting method that assigns certain indirect costs to the products incurring the bulk of those costs. ABC is primarily used in the manufacturing sector to make a better calculation of the true cost of production per unit. For that purpose, ABC follows this sequence:

1)  Identification of the activities for the creation of the product

2)  Divide the activities into cost pools  

3) Assign each cost pool to a cost driver  

4) Calculation of the cost driver rates

5) Assignment of cost to products

6 0
3 years ago
Incident resource information management systems are used to collect, update, and process data; track resources; and:
zaharov [31]
Alert personnel when credentials are about to be expired
7 0
3 years ago
• Define the mergers and acquisitions of Tesla and define what has the company gained?
iris [78.8K]

Some of the mergers and acquisitions of Tesla company includes:

  • SolarCity
  • Perbix
  • Compass Automation
  • Maxwell Technologies, etc

<h3>What is a Merger?</h3>

This refers to the transfer of ownership between different companies where one company and their operating units are consolidated.

Some of the problems and internal challenges faced by Tesla during these mergers and acquisitions include:

  • They were making too many mergers at the same time
  • They spent over $2.80 billion on the acquisitions
  • They alienated themselves from other carmakers who were partnering and merging, etc

The size of the market and the growth strategy of Tesla company is:

  • Their target is to produce as many affordable cars as possible
  • They want to use their own technical know how and that of others to produce more eco-friendly cars
  • The growth strategy is to become one of the trusted and safest car brands in the world.

Read more about mergers and acquisitions here:
brainly.com/question/13709735

6 0
2 years ago
Thornbrough Corporation produces and sells a single product with the following characteristics: Per Unit Percent of Sales Sellin
DaniilM [7]

Answer:

-$5,500

Explanation:

The computation of the overall effect on the company net operating income is as follows:

New Variable cost per unit is

= $44 + $11

= $55

Now the new contribution margin per unit is

= $220 - $55

= $165

New unit Monthly sales is

= 7,000 units + 500 units

= 7,500

Now

New total contribution margin :

= 7,500 units × $165

= $1,237,500

And, the Current total contribution margin is

= 7,000 units × $176

= $1,232,000

So, the change would be

= $1,232,000 - $1,237,500

= -$5,500

6 0
2 years ago
Adriana has borrowed $30,000 from her IRA in order to fund her startup costs. How long does she have to replace the money withou
nordsb [41]

Answer:

it is NOT 30 days

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • The 2012 box office receipts for the movie The Avengers were $1,515.8 million. By way of comparison, the 1977 receipts for Star
    7·1 answer
  • Mary wants to purchase a 20-year bond that has a par value of $1,000 and makes semiannual interest payments of $40. If her requi
    9·1 answer
  • Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding
    10·1 answer
  • In 2011 a georgia woman named catherine griffin was indicted by a federal grand jury on charges of computer fraud by accessing i
    14·1 answer
  • Calculate the EOQ size for the following case. What is the EOQ size and the number of orders placed per year? For your answer, r
    6·1 answer
  • What is marketing and what it its purpose? Why are some businesses giving out free samples to their customers? Does your favorit
    5·1 answer
  • Under perfect competition what sets the equilibrium price in the market
    9·1 answer
  • Question 3 of 10
    12·1 answer
  • A low-risk investment might have a high price if
    6·1 answer
  • When preparing to go shopping after the Christmas holidays, Christy actively scans the ads in the local newspaper for coupons an
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!