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Sindrei [870]
3 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]3 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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According to the four-level pyramid model, we have the following

1) Executive information systems.

2) Decision support systems.

3) Management information systems.

4) Transaction processing systems.

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Executive support systems can be utilized in different types of companies to control and monitor business operations as well as to identify possibilities and problems. One of the major characteristics of EIS is that it is mainly used by senior executives.

Therefore, based on the above analysis, the C.E.O, Mr. Matthew, will make use of the EXECUTIVE INFORMATION SYSTEM to make strategic decisions.

4 0
3 years ago
In the five C's, how is cost different from price?
Thepotemich [5.8K]

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8 0
3 years ago
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tatyana61 [14]

Answer:

Sole proprietorship

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3 0
3 years ago
When you are ready to commit to a topic, the first strategy is to____________.
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Explanation:

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Fittoniya [83]

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