Answer:
a. 26%
b. 28.2%
Explanation:
Consider the following formula:
Gross profit ratio = Net sales - Cost of sales / Net sales
Walgreen's 2015 gross profit ratio: (103444-76520)/103444
26.0%
Walgreen's 2014 gross profit ratio: (76392-54823)/76392
28.2%
Answer:
Explanation:small number of centrally locates warehouses will make their products readily available in needed small quantities. While having a larger warehouse nearer to the end customers will make the product easily accessible
Answer:
A medium of exchange
Explanation:
A medium of exchange is a system where it is used to facilitate the sale, purchase, trading of the products & services between the parties
Since in the given situation, it is mentioned that the seller would not willing to accept the drachma in exchange of goods & services so here the drachma would not be served as a medium of exchange
hence, the same would be relevant
Answer: The correct answer is b.$3,050.
Explanation: Clever Computers has a five-day workweek and pays $3,050 each week. The payment will only occur at the end of the workweek when the staff have earned the wages. However, the month ended on Thursday, meaning that the staff have only worked for four-day workweek. They have therefore earned $2,440 (4/5*$3,050) at the end of the month but that payment is not due because the 5-day workweek has not been completed. The complete journals the company would raise would be Debit Wages (overhead) $2,440, Debit Wages receivable $610 and Cr Wages payable $3,050.
When it is next month after the five-day workweek has been completed, the company would Dr Wages Payable $3,050 and Credit Cash $3,050 to make the payment.
Answer:
$678
Explanation:
Given that,
Number of shares sold = 300
Selling price of each share = $42.06
Cost of purchasing shares = $39.80 per share
Total dividend received = $1,272
We can easily determine the total capital gain on this investment by comparing the sales value and purchase value of this stock.
Total capital gain on this investment:
= Sales value - Purchase value
= (Number of units × Selling price per unit) - (Number of units × cost of purchasing per share)
= (300 × $42.06) - (300 × $39.80)
= $12,618 - $11,940
= $678
