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
natta225 [31]
3 years ago
5

Assume the following sales data for a company: Year 2 $684,000 Year 1 $600,000 What is the percentage increase in sales from Yea

r 1 to Year 2 (to the nearest percent)? a. 88% b. 114% c. 12% d. 14%
Business
1 answer:
docker41 [41]3 years ago
3 0

Answer:

The correct answer is 14%

Explanation

Year 1: $600,000

Year 2: $684,000

Year 2 ($684,000) - Year 1 (600,000) = $84.000

Method "Rule of three" or Cross multiplication

$600,000------100%

$84,000-------- ?

$84,000 x 100= 8,400,000 then you divide the answer into $600,000

8,400,000/600,000= 14%

You might be interested in
Entitlement culture is the idea that __________________________. a. basic salaries are extra pay for sales performance rather th
Lunna [17]

Answer:

The correct answer is letter "D": bonuses are deferred salary rather than extra pay for extra sales performance.

Explanation:

In the corporate world, entitlement culture refers to the workers' beliefs that they deserve a series of privileges. This tends to happen during growth periods. Employees assume that the optimal situation of the firm has to do with their performances then, the organization owes them.

An idea that is commonly spread under such a scenario is that bonuses and commissions are deferred salaries and not extra payment for outstanding performance.

3 0
3 years ago
A company has beginning inventory of 10 units at a cost of $10 each on February 1. On February 3, it purchases 20 units at $12 e
Gre4nikov [31]

Answer:

b) $124

Explanation:

FIFO means first in, first out. Under this principle, goods that were purchased or produced earlier will be the first ones on sale.

The value of the goods sold in our case will be as follows.

The first ten items   @ $10: 10X10 =$100

Two items to make   [email protected] $12: 2x12=$24

 

Total cost: $100+$24= $124

7 0
3 years ago
Advantages of price mechanism
Akimi4 [234]

Answer:

The price mechanism allows the consumer to gain sovereignty in the market. They have 'spending votes' in the market, which enables them to choose what is bought and sold. Generally, the free market allows for an efficient allocation of resources.

Explanation:

7 0
2 years ago
When LIFO is used with the periodic inventory system, cost of goods sold is assigned costs from the most recent purchases at the
bija089 [108]

Answer:

False

Explanation:

The assertion is false that when LIFO is used with the periodic inventory system, cost of goods sold is assigned costs from the most recent purchases at the point of each sale, rather than from the most recent purchases for the period.

Under this method it is <u>at the end of the accounting year that the Inventory account is adjusted to equal the cost of the merchandise that is unsold.</u>

It is important to note that under LIFO periodic (not LIFO perpetual) <u>we wait until the entire year is over before assigning the costs. </u>Then we flow the year's last costs first, even if those goods arrived after the last sale of the year.

4 0
3 years ago
More than ________ percent of those holding patents win their infringement suits.
lara31 [8.8K]
<span>The correct answer is 60%.

Over 60% of patent holders are successful when bringing infringement suits. This high rate of success ensures that patent holders receive just compensation for their work and that others cannot wrongfully benefit from their ideas. A successful patent infringement suit can require the defendant to pay monetary damages to the patent holder in addition from stopping their wrongful use of the patent.</span>
6 0
3 years ago
Other questions:
  • The payments made by a firm to repurchase shares of its outstanding stock from an individual investor in an attempt to eliminate
    7·1 answer
  • Managerial jobs with strategy-making responsibility:
    6·1 answer
  • Utica Company’s net accounts receivable was $250,000 at December 31, 2016, and $300,000 at December 31, 2017. Net cash sales for
    6·2 answers
  • The four step instructional training method introduced in World War I used the following steps​
    8·1 answer
  • Conducting research about an occupation, company, or job can increase your employability.
    10·2 answers
  • The presence of _____________________ in transactions involving goods can easily cause a ______________________ if the result is
    14·1 answer
  • As we age, the number and complexity of the financial decisions we make increases
    8·1 answer
  • This table can be used to organize Gigi’s credit card balances and payments over 6 months. The annual percentage rate on the cre
    11·2 answers
  • Users who do not directly run the organization and have limited access to accounting information are known as ------------ (inte
    10·1 answer
  • You recently started a new job working with databases. you receive training on maintaining the database from your boss, gregor.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!