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
Arada [10]
3 years ago
5

Financial information is presented below: Operating Expenses $ 60,000 Sales Revenue 225,000 Cost of Goods Sold 135,000 The gross

profit rate would be:______.a. 400 b. 733 c. 600 d. 133
Business
1 answer:
Maslowich3 years ago
6 0

Answer:

a. 40%

Explanation:

The computation of the gross profit rate is shown below:

Gross profit rate = (Gross profit) ÷ (Sales revenue) × 100

where,

Gross profit = Sales revenue - cost of goods sold

= $225,000 - $135,000

= $90,000

And, the sales revenue is $225,000

So, the gross profit rate is

= ($90,000) ÷ ($225,000)

= 40%

It shows a relationship between the gross profit and the sales revenue

You might be interested in
On August 1, our company purchases $1,000 worth of merchandise inventory on credit with the terms 2/10, n/30. What is the amount
vampirchik [111]

Answer:

a) $1,000

Explanation:

Early Settlement Discount

This form of quotation is common with suppliers offering their customers deferred payment arrangement in a sale contract. Usually, under this arrangement customers are allowed to purchase goods on credit and settle their acccount at a specified  later date.

However, to encourage customers to pay up their outstanding earlier than expected, suppliers do offer early settlement discount as incentives to induce prompt payment.

A quotation of 2/10, n/30

This implies that the customer is a given a 30-day period from the date of purchase within which he is expected to settle his account. However, if he does so within the next 10 days of purchase he will be given a 2% discount.

<em>Applying this to the question, the purchase date is August 1, the the latest date for which account is settle to qualify for early settlement discount will be 11 days i.e (1+10) .</em>

Since the payment will be made on August 12, no cash discount will received. Therefore, a payment of gross amount of $1,000 would be credited to the cash account.

7 0
3 years ago
An ad agency creates two ads for a particular car. one stresses the car's safety and gas mileage; the other simply shows how fun
muminat

Answer:

Central, Peripheral

Explanation:

The advert is intended to highlight the pros of the particular car. However, the ad agency recognizes that to convince prospective buyers they must explore different options to persuasion. The car's safety and gas mileage are the Central Route. The driving fun is the Peripheral

3 0
4 years ago
Person defines a person waiting for a heart transplant. This class is already written for you. SurvivabilityByAge defines the ra
VLD [36.1K]

Answer:

Explanation:

A heart transplant is a surgical procedure that replaces the person’s heart with a donor heart. A person may require a heart transplant for several reasons including congenital, arterial and muscle diseases or for unforeseen reasons such as accidents or viral infections.

The donor heart is matched to the recipient by blood type. More variables are also used to decide which recipient receives a heart if there are not enough hearts available for all recipients waiting for a transplant. The variables included in the decision may include the recipient state of health, cause of the heart condition and the urgency of the transplant.

The main goal of this project is for you to write a matching function that receives as a parameter the number of available hearts for transplant and will output all the recipients ranked in order of precedence.

8 0
4 years ago
Which item is a benefit of using the travel card?
Leviafan [203]

Using a travel card hinders a traveler or adventurer from being forced to use their own cash for authorized travel expenditures. Having a travel card gives you many benefits. Using a travel card is a widespread, useful and safe method nowadays, to purchase overseas currencies and take it out of the country. A travel card can be stress-free and more secure than bringing cash or traveler’s cheques, for the reason that you can preload a card with a distinct currency or numerous, depending on your travel ideas.

4 0
4 years ago
Stephanie, a manager, came into your office last week to complain about her employees. "I just don’t get the respect I deserve,"
Grace [21]

Answer:

A. Coercive

Explanation:

Stephanie, the manager seems to be demanding respect from her subordinates in a forceful way.

To coerce means to persuade an unwilling person to do something by threats or force.

Stephanie is frustrated because her method of coercion has failed to work on her subordinates so she has gone to report to a higher authority.

8 0
3 years ago
Other questions:
  • ________ is a type of theatre in which sketches and vignettes alternate with musical numbers, but no single story carries throug
    8·1 answer
  • If nominal gdp is $12 trillion and real gdp is $10 trillion, then the gdp deflator is
    9·1 answer
  • The Boat Works decided to go public by offering a total of 135,000 shares of common stock to the public. The company hired an un
    8·1 answer
  • The cyclical surplus is $450 billion, potential output is $10 trillion and tax rate is 15 percent. With this information, we can
    8·1 answer
  • A company is about to begin production of a new product. The manager of the department that will produce one of the components f
    8·1 answer
  • The Daily Grind sells coffee makers. Its inventory of coffee makers without timers cost $20,000 and has a net realizable value o
    10·1 answer
  • A ____ is drawn on a financial institution and is payable upon demand?
    13·2 answers
  • Lonergan Company occasionally uses its accounts receivable to obtain immediate cash. At the end of June 2021, the company had ac
    12·1 answer
  • Many customers value fast, fresh, flavorful food that is free of preservatives, chemicals, and antibiotics. The marketing mix fa
    12·1 answer
  • According to nutt and backoff's assessment of organizational contexts in terms of their abilities to produce visionary strategic
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!