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
MissTica
4 years ago
5

Mega Skateboard Supplier had net sales of $2.4 million, its cost of goods sold was $1.3 million, and its net income was $.8 mill

ion. Its gross margin ratio equals:
Business
1 answer:
VARVARA [1.3K]4 years ago
8 0

Answer:

45.83%

Explanation:

The Gross Margin Ratio is a profitability ratio . It compares the gross margin of a business to its net revenue.

The formula for calculating gross profit ratio is

​Gross Profit Margin  ration  =  Net Sales− COGS​​

                          Net Sales

COGS is the cost of goods sold.

For Megascape board

Net sales= $2.4 million,

COGS =$1.3 million,

gross profit margin ratio = $2.4 - $1.3

     $2.4

=$1.1/$2.4 x 100

=45.83%

You might be interested in
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.5 hours of direct labor at the r
swat32

Answer:

The correct option is D

Labour budget = $1,974,175

Explanation:

The labour budget is the product of the standard labour cost per unit and the budgeted production in units

Labour budget = standard labour cost× production budget in unit

The production budget can bed determined by adjusting the sales budget for closing and opening inventories.  

Production budget = Sales budget +closing inventory - opening inventory

Production budget = 39,000 + 100 -200 = 38,900 units

Labour budget = $14.50× 3.5× 38,900 = $1,974,175

Labour budget = $1,974,175

6 0
3 years ago
A text only forum accessed through a bulletin board service (BBS) is known as a ____.
Vinvika [58]

Answer:

its B don't listen to stupid people

Explanation:

8 0
3 years ago
Read 2 more answers
If a company produces many different products, it will develop a standard cost for each type of product. true false
saveliy_v [14]

True. A company will develop a standard cost for each product type if it produces many different products.

The process cost system should be used when manufacturing is efficient and continuous. This system's equivalent units method successfully represents the challenging problem of determining how much work the Work in Process entails.

Process costing explains how to use the concept of equivalent units to assign manufacturing costs to the units produced. Businesses may create and market various goods, or at the very least, multiple versions of the same product. Most of the time, manufactured goods are connected in terms of consumption or production. The firm's output and pricing decisions must consider the relationships between the items when they are related.

Learn more about Standard Cost here:

brainly.com/question/14754704

#SPJ4

4 0
2 years ago
To obtain a change of the zoning for a particular property, for example, from residential to commercial, a property owner would
FrozenT [24]

Answer: Zoning Map Amendment?

Explanation:

Zoning Map Amendment is an official document showing that there is a change in the way the land or property is divided into zones within a district and also the way it is being used either for industrial, residential or business purpose.

It is also known as Rezoning, this process can only begin if requested by town council, town manager or the owner of the property, this is done through application which has to be submitted 30days ahead to the committee meeting.

7 0
4 years ago
Brainliest and 40 pts!!! Does my answer work for this question?
anyanavicka [17]

You don't need to cha Change a thing, that will be the best move if I were to be in your position

6 0
2 years ago
Other questions:
  • Southern Food Service operates six restaurants in the Atlanta area. The company pays rent of $20,000 per year for each shop. The
    11·1 answer
  • Profit plays an important role in business give any four reason to justify the statement
    10·1 answer
  • Lucid Company declared a property dividend of 37,000 shares of its investment in $1 par Polk Company common stock. The Polk stoc
    13·1 answer
  • (30 Points)<br><br><br> Give some examples of how government spending benefits people.
    6·2 answers
  • An adjusting entry was made on year-end December 31 to accrue salary expense of $3,000. Assuming the company does not prepare re
    13·1 answer
  • In wisely planning for your retirement, you invest $12,000 per year for 20 years into a 401k account. How much will you be able
    10·1 answer
  • Since oligopolies can lead to either good or bad market outcomes, it is important to understand what strategic decisions firms w
    15·1 answer
  • rialto company collected $5,000 on account. what impact will this transaction have on the firm's current ratio
    7·1 answer
  • Describe three different expenses associated with restaurants. Choose one of these expenses, and discuss how a manager could han
    5·1 answer
  • Reynolds Manufacturers Inc. has estimated total factory overhead costs of $96,000 and expected direct labor hours of 12,000 for
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!