Long-term debt ratio 0.3

Net sales for the year were $325,000 and cost of goods sold was $240,500 for the companyâ€™s existing products. A new product is

marin [14]

Answer:

The correct answer is B.

Explanation:

Gross profit equals net sales minus cost of sales(Net sales- Cost of Sales).

Net sales = $325,000

Cost of Sales = $240,500

Therefore we have;

$325,000 - $240,500

=$84,500

Gross profit ratio is (Gross profit/net sales) x 100%

($84,500 x $325,000) x 100%

26%

6 0

3 years ago

Ocean City Kite Company sells kites for $11.50 per kite. In FY 2019, total fixed costs are expected to be $250,000 and variable

Dmitry_Shevchenko [17]

Answer:

40,000 kits

Explanation:

The computation is shown below:

Number of kits required to be sold to meet the goal = Total Contribution Margin Required ÷ Contribution Margin per Unit

where,

Total contribution margin required is

= Total fixed cost + operating income

= $250,000 + $90,000

= $340,000

And, the

Contribution Margin per Unit = Selling Price per Unit - Variable Cost per unit

= $11.50 - $3

= $8.50

So, the number of kits required is

= $340,000 ÷ $8.50

= 40,000 kits

8 0

3 years ago

The chart indicates the roles of four individuals in the Transportation and Logistics career cluster.

Lady bird [3.3K]

Answer:

Amata is a Traffic Technician, Zeke is a Travel Clerk, Diego is an Automotive Master Mechanic, and Elina is a Logistics Manager.

Explanation:

Traffic Technician prepares graphs, charts, analyzes traffic control policies , plans, accident rates, etc.

Travel Clerk gives travel suggestions, guides, brochures, contacts hotels, motels, etc.

Automotive Master Mechanic tests drives vehicles , engines , repairs, replace, etc.

Logistics Manager deals with customers , sales , orders and shipping.

The Transportation, Distribution, and Logistics Career Cluster has seven career cluster pathways.

Transportation Operations
Logistics Planning and Management Services
Warehousing and Distribution Center Operations
Facility and Mobile Equipment Maintenance
Transportation Systems/Infrastructure Planning, Management and Regulation
Health, Safety and Environmental Management
Sales and Service

The other options given in the question are irrelevant and may not relate to the above 7 categories. For example there is no Shipping and Receiving Clerk.

8 0

3 years ago

Lantz Company has provided the following information: • Cash sales totaled $255,000. • Credit sales totaled $479,000. • Cash col

NNADVOKAT [17]

Answer:

The amount of Lantz's operating revenue is $734,000

Explanation:

The computation of the operating revenue is shown below:

= Total cash sales + Total credit sales

= $255,000 + $479,000

= $734,000

Since we have to compute the operating revenue, so we considered only revenue part not expenses part

The other information which is mentioned in the question is not being considered because it is related to the operating expenses. So, ignored it.

3 0

3 years ago

What journal should a company uses to capture cash transactions?

alexira [117]

I think it is (The Cash<span> Payments </span><span>Journal)

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7 0

3 years ago