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Alex73 [517]
3 years ago
14

LanWan Software earned net sales revenue of $62,000,000 in 2016. Cost of goods sold was $41,540,000​, and net income reached $9,

000,000​, the​ company's highest ever. Compute the​ company's gross profit percentage for 2016. g
Business
1 answer:
blagie [28]3 years ago
4 0

Answer:

33%

Explanation:

Given that,

Net sales revenue = $62,000,000

Cost of goods sold = $41,540,000

Net income reached the​ company's highest ever = $9,000,000

Gross profit:

= Net sales revenue - Cost of goods sold

= $62,000,000 - $41,540,000

= $20,460,000

Therefore, the gross profit percentage is calculated by dividing the gross profit by the net sales.

Gross profit percentage for 2016:

= (Gross profit ÷ Net sales) × 100

= ($20,460,000 ÷ $62,000,000) × 100

= 0.33 × 100

= 33%

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B) 60,100

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Since months have passed between the bond issuance and October 31. The amortization of the premium received depends on the amount of interest recognized. When the effective interest method is used, interest expense is based on the yield rate and the beginning book value.

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the difference (bond premium) = $55,000 - $53,100 = $1,900

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Answer:

Your opportunity cost of attending a game compared with the opportunity cost facing a college student 10 years ago is:

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Opportunity costs are the cost of choosing one alternative from another.

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Even though opportunity costs do not involve actual cash payments, they are still important and individuals do consider them when they are choose one option over another. E.g. imagine if you had to choose between spending a considerable amount of money by attending a game (ticket, gas, beverages, etc.) or watching that game on TV and buying a few clothes instead or going on a date, etc. What option would you choose?

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