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DiKsa [7]
3 years ago
13

Of the 16 businesses located at the Tri-City Shopping Center, one-quarter are service businesses. How many

Business
1 answer:
andreyandreev [35.5K]3 years ago
8 0

Answer:there are 4

Explanation:if you take the 16 businesses and multiply it by a quarter which is .25 and you will get 4

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Answer:

Explanation:

In common sized income statement , each line item is expressed as a percentage of sales turnover and compared to the percentage industry standard for analysis purpose.

                                   Lyon              %              Industry %

Revenue                   7,500,000        100            100

Cost of goods          (4,125,000)        55              61

Gross profit               3,375,000         45             39

Selling expenses     (2,250,000)        30             23

Admin Expenses        (525,000)         7               10

Total Operating Exp   (2,775,000)      37             33

Operating income        600,000         8                6

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Other expenses               (7500)        0.1                1

Income before tax          622,500      8.3              8

Income Tax                      187,500        2.5             2.5

Net Income                     435,000       5.8             5.5

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