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Sindrei [870]
4 years ago
10

Saira, Inc. has the following income statement (in millions): SAIRA, INC. Income Statement For the Year Ended December 31, 2017,

Net Sales $300 Cost of Goods Sold 180 Gross Profit 120 Operating Expenses 45 Net Income $75. Using vertical analysis, what percentage is assigned to Cost of Goods Sold?
Business
1 answer:
AysviL [449]4 years ago
5 0

Answer:

60%

Explanation:

To calculate the percentage assigned to cost of goods sold , we should use the formula:

=\frac{Cost Of Goods Sold}{Sales}

= \frac{180}{300}

= 0.60 = 60%

Therefore, the percentage assigned to Cost of goods sold is 60%

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"company has 300,000 shares of common stock outstanding that is currently selling at a price of $100 per share. The company has
Xelga [282]

Answer:

450,000 shares are outstanding after stock spilt.

Explanation:

Computing numbers of shares outstanding for company after stock spilt is as:

Number of shares outstanding = Number of Shares × Stock Spilt

where

Number of Shares are 300,000

Stock spilt is 3/ 2

Putting the values above:

= 300,000 × 3 / 2

= 450,000 Shares

Note: Determine the number of shares outstanding for the company after stock spilt. Is the requirement.

5 0
3 years ago
Not managing your wisely can result in
notsponge [240]

Answer:

D. A decrease in your credit score

Explanation:

Not managing one's debt wisely can result in  a decrease in that person's credit score. The role of a credit score is to show how likely or unlikely a person can repay their loans or debts. It is a three digit number ranging from 300 to 850. The higher your score is the better you are at managing your debts and vice versa. According to FICO reports , most people's scores range between 600 to 750. 800 and above is considered excellent.

3 0
4 years ago
Each employee (on average) is equally productive, and each one's monthly sales are normally distributed with a mean of $127,000
xenn [34]

Answer:

0,1706

Explanation:

mean = $127.000

SD= $ 24.000

P ( X> $160.000 ) =P (Z> (X-MEAN) / SD ) = P(Z> (127.000-164.000) / 24.000)

P (Z> - 1,375) = 1- P ( Z< 1,375)  = 1- 0,9147 = 0,0853 x 2 employees = 0,1706

8 0
3 years ago
Suppose gold​ (G) and silver​ (S) are substitutes for each other because both serve as hedges against inflation. Suppose also th
maksim [4K]

Answer:

a) Gold = $1,380; Silver = $1,020

b) Gold = $1,300; Silver = $980

Explanation:

a) At first, with Qg = 60 and Qs = 270, the equilibrium prices for gold and silver are found by solving the following linear system:

P_g = 930-60 +0.50 P_s\\P_s = 600 - 270 + 0.50P_g\\\\-P_s=1740 -2P_g\\P_s = 330+ 0.50P_g\\P_g = 1,380\\P_s = 1,020

Equilibrium price of gold is $1,380 and the price of silver is $1,020.

b) If the supply of gold increases to 120, since the goods are substitutes, there will be an increase in overall supply and the equilibrium price of gold and silver will decrease as follows:

P_g = 930-120 +0.50 P_s\\P_s = 600 - 270 + 0.50P_g\\\\-P_s=1620 -2P_g\\P_s = 330+ 0.50P_g\\P_g = 1,300\\P_s = 980

Equilibrium price of gold is $1,300 and the price of silver is $980.

8 0
3 years ago
Eley Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's nor
vesna_86 [32]

Answer:

$90.19

Explanation:

Direct material = 52.10

Direct labour = 10

Variable manufacturing = 3

Fixed manufacturing = 21.10

Variable Admin expenses = 5.60

Fixed admin expenses = 27

Selling price = 124.1

Profit=5.3

Contribution per unit = 53.4

New order = 3900

Direct material 52.1

Direct labour =10

Variable manufacturing = 3

Variable admin expenses = 2.5

total unit variable cost = 67.6

total variable cost =3900*67.6 = 263640

Loss contribution =1650*53.4 =88110

=263640+8810 =351750

351750/3900

=$90.19

5 0
4 years ago
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