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
Orlov [11]
3 years ago
15

Bramble Corp. reported net sales of $248,700, cost of goods sold of $146,900, operating expenses of $58,000, net income of $39,9

00, beginning total assets of $473,900, and ending total assets of $635,400. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.5%.) Profit margin enter percentages rounded to 1 decimal place % Gross profit rate
Business
1 answer:
juin [17]3 years ago
5 0

Answer:

profit margin is 16.0 %

gross profit rate  is 39.6 %

Explanation:

given data

net sales = $248,700

cost of goods sold = $146,900

operating expenses = $58,000

net income = $39,900

beginning total assets = $473,900

ending total assets of $635,400

to find out

profit margin and gross profit rate

solution

we will apply here profit margin formula that is

profit margin = \frac{net income}{sale} * 100      ..............1

put here value

profit margin = \frac{39900}{248700} * 100  

profit margin = 16.04 = 16.0 %

and

gross profit rate formula is

gross profit rate  = \frac{sales - cost of good }{sale} * 100    ..............2

put here value

gross profit rate  = \frac{245700 - 146900}{248700} * 100

gross profit rate   is 39.72 = 39.6 %

You might be interested in
In order for the us to keep up with the advancements of other countries, __________ was created to lead computing research, whic
Elena L [17]

In order for us to keep up with the advancements of other countries, ARPA was created to lead computing research, which then led to the creation of the first wide area network.

This is further explained below.

<h3>What is a wide area network.?</h3>

Generally, A telecommunications network that is spread out across a vast geographical region is known as a wide area network (WAN). Frequently, leased telecommunication circuits are utilized in the process of establishing wide area networks.

In conclusion, ARPA was established to take charge of computer research so that the United States could keep up with the technological achievements of other nations.

This eventually resulted in the development of the very first wide area network.

Read more about the wide area network.

brainly.com/question/1167985

#SPJ1

3 0
1 year ago
Joey cuts lawns during the summer. Let q equal the number of acres mowed per day, and let L equal the number of hours worked per
Anna71 [15]

Answer:

The answer is B.

Explanation:

Marginal Productivity can be described as when every variable in the equation is held constant, it is the amount of productivity gained for every extra hour of labor that is put in.

And according to the information about Joey and his productivity cutting the lawns, we are provided the equation q = 0.2*L which means that for every extra hour Joey works cutting the lawns, Joey's marginal productivity is going to decrease by 0.2 or 20% so the answer is B.

I hope this answer helps.

7 0
3 years ago
Read 2 more answers
The difference between a financial aid package and total cost of collage can be made up by ______.
Gennadij [26K]
Personal savings and student loans
6 0
1 year ago
Read 2 more answers
Suppose that the country of Samiam produces only eggs and ham. In 2005 it produced 100 dozen eggs at $3 per dozen and 50 pounds
kozerog [31]

Answer:

d. nominal GDP is $500, real GDP is $400, and the GDP deflator is 125.

Explanation:

Real GDP is total output produced in an economy within a given period multiplied by base year prices

Nominal GDP is the sum of all final goods and services produced in an economy within a given period multiplied by current year prices.

Nominal GDP = (100 × $3) + (50 × $4) =

$500

Real GDP = (100 × 1.5) + (50 × $5) = $400

GDP deflator = (nominal gdp / real gdp) x 100

(500 / 400) × 100 = 125

I hope my answer helps you

6 0
3 years ago
Businesses that engage in ultrahazardous activities are strictly liable for any injuries.
3241004551 [841]
I think the answer is true.
7 0
2 years ago
Other questions:
  • According to your text, a firm can survive and succeed in the long run if it successfully develops strategies to confront five c
    12·1 answer
  • Madrid Company plans to issue 8% bonds with a par value of $4,000,000. The company sells $3,600,000 of the bonds at par on Janua
    9·1 answer
  • "Simon has to create a long formal proposal. However, he is aware that today's readers are pressed for time and need help findin
    15·2 answers
  • Country X, a poor country, invents a revolutionary electronic product. The country markets this new product in other poor countr
    7·1 answer
  • Consider the following cases.
    7·1 answer
  • Who are risk takers in search of profits
    12·1 answer
  • The chair of the Federal Reserve Bank spoke to the American public. The message she conveyed is that Fed economists are worried
    7·1 answer
  • COST OF PRODUCTION (5 pts each for a total of 25 pts) a. What is the relationship between the marginal cost of production and av
    8·1 answer
  • Define fannie mae and freddie mac.​
    15·1 answer
  • An individual who previously worked as a salaried corporate attorney loses his or her job. Subsequently, the individual now work
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!