The best answer for the question would be an increase in income.
The higher the disposable income, the higher the spending that an individual would engage in.
This is related to basic economic principles: More resources to satisfy the needs. The individual now have more resources to satisfy his wants and needs that the market has to offer.
Unfortunately, the higher the spending does not always correlate with higher savings.
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Answer:
Gross Margin (dollars) = $62,060
Gross Margin % = 44.33 %
Explanation:
Calculation of Gross Margin
Net Sales $140,000
Less Cost of Sales
Opening Stock $0
Add Purchase of Merchandise $84,000
Less Trade Discount ($84,000 × 7.5%) ($6,300)
Add shipping charges $240
Cost of Goods Sold ($77,940)
Gross Profit $62,060
Gross Margin %
Gross Margin % = Gross Profit / Net Sales × 100
= $62,060 / $140,000 × 100
= 44.33 %
Answer:
Residual financial gain states to the surplus of revenue earned by the company, prodigious the lowest amount of return. the presentation of the corporate is that the outline of the division / local performance. Once there's a rise within the residual financial gain of the partition, it mechanically reflects within the residual financial gain of the corporate as an entire. within the given case, an asset decreases the adverse residual financial gain, therefore it's useful to each the partition also because the entire firm.
Answer:
First blank - Debit
Second blank - Accumulated Depreciation
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