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Elina [12.6K]
3 years ago
7

Buckeye Incorporated has operating income of $ 434,000​, a sales margin of 7​%, and a capital turnover rate of 2. What amount wo

uld Buckeye report for​ sale
Business
1 answer:
Over [174]3 years ago
7 0

Answer:

The amount Buckeye would report for​ sale is <u>$6,200,000</u>.

Explanation:

Sale refers to income or revenue that a company got by selling its goods or providing its services.

In accounting ratio analysis, sales margin is obtained by dividing the operating profit by sale. Therefore, the formula for sales margin can be written as follows:

Sales margin = Operating income / Sale ................... (1)

To obtain Sale, we can substitute the figures for sales margin and operating profit from the question into equation (1) and then solve for sale as follows:

7% = $434,000​ / Sale

Sale * 7% = $434,000

Sale = $434,000 / 7%

Sale = $6,200,000

Therefore, the amount Buckeye would report for​ sale is <u>$6,200,000</u>.

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The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit Inventory,
user100 [1]

The cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.

Using this formula

Cost of goods sold=Beginning Inventory+ Net purchases- Ending Inventory

Where:

Beginning Inventory=$32,000

Net purchases=($240,000-$6,000-$10,000+$17,000)=$241,000

Ending Inventory=$40,000

Let plug in the formula

Cost of goods sold=$32,000+$241,000-$40,000

Cost of goods sold=$233,000

Inconclusion the cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.

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brainly.com/question/15708509

4 0
2 years ago
Advertising for Abercrombie and Fitch uses overt sexuality to sell clothes. Ads for Abercrombie, the pre-teen sizes, are only mo
madam [21]

Answer:

The correct answer is C. firm to the environment.

Explanation:

Currently, when a company begins its usual operations and the one that it will play day by day throughout its existence, it cannot leave aside knowing the role of its company, the environment in which it develops its function as a company or its operation with the environment , and it is essential that the company meets the social responsibility to which it is obliged.

It should always be taken into consideration that the life of the human being is greatly influenced and affected by the environment that surrounds it, so that the proper development and even its survival, depends entirely on the relationship between the company and The environment around us. And as with a coin, which has two sides, exactly the same thing happens between business and environment relationships, since on the one hand our environment provides us with the energy and resources we need to take advantage of them in Our business operations.

While on the other hand, man is also exposed to the possible aggressions that occur in the environment, as in the case of floods, pests, diseases, inclement weather or deprivation of resources, between others. The problem with this is that in our current society, the more it produces the more resources are needed, and the more it consumes the more waste and garbage is generated.

4 0
3 years ago
Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported tires.
vesna_86 [32]

Answer:

A. National-security argument

Explanation:

The National-security argument is also known as the National-defense argument. The argument proposes the imposition of high tariffs on locally manufactured goods so that the country would not be dependent on other countries for those goods in the event of war. For example, if a country is dependent on other counties for the production of food, then it would be in great danger in the advent of war. Tires that are also used to prepare weapons should be sourced within a country so that in the advent of war, the country would not be dependent on others.

This is the argument employed by the congresswoman who sought the imposition of a tariff on tires so that the United States would not be dependent on other foreign countries during a war.

5 0
3 years ago
Cartier corporation currently sells its products for $50 per unit. the company's variable costs are $20 per unit. fixed expenses
charle [14.2K]
The answer is 40%, in which the following are given: the Variable expense is equal to 20 dollars per unit and Sales is equal to 50 dollars per unit. Use the formula Variable Expense Ratio = Variable Expenses / Sales to get the answer. 

Variable Expense Ratio = Variable Expenses / Sales
Variable Expense Ratio = 20 dollars per unit / 50 dollars per unit
Variable Expense Ratio = 40 %

The variable expense ratio is an expression of variable production costs of the company as a percentage of sales, calculated as variable expense divided by total sales. It compares a cost that alters with levels of production to the number of revenues generated by production.
8 0
3 years ago
2. Below are mixed SWOT factors of KFC case study. Fill the chart to Identify each SWOT factor. (2points each)
Ludmilka [50]

Answer:

Strengths :

1. With over 15,000 establishments in 120 countries, KFC is an internationally recognized venue.

2. Alongside KFC, Taco Bell and Pizza Hut also share the same corporate owner brands. Brands have the influence, power, and resources to improve KFC as a restaurant.

3.  KFC became popular thanks to its good chicken

Weaknesses :

                                                             

1. Serving high-fat foods; considering how health-conscious the public is these days, greasy chicken is not going to cut it anymore.

2. KFC follows a franchise management system, meaning each one is individually managed. It is not uncommon for one KFC to have high reviews while another, just down the street, is collecting bad press.

Opportunities :

1. By maintaining the same price point with new menu options, KFC is positioned to enter a new market without sacrificing the beloved chicken-focused meals

2.      KFC is in the prime spot to dive into the vegetarian market. Adding new vegetarian options will improve the relationship between KFC and health-conscious and vegetarian consumers

3. Introduce new products fish and deals menu that will attract more customers.

Threats :

1. Increasing numbers of competitors.

2. Raw material prices are rising.

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2 years ago
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