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
Murljashka [212]
3 years ago
10

A company has net sales of $788,500 and cost of goods sold of $569,500. Its net income is $26,280. The company's gross margin

Business
1 answer:
lidiya [134]3 years ago
3 0

Answer:

Gross margin = $219,000

Operating income = $198,720

Explanation:

The computation of gross margin

and operating expenses is shown below:-

Gross margin = Net sales - Cost of goods sold

= $788,500 - $569,500

= $219,000

Net income = Gross margin - Operating expenses

$26,280 = $219,000 - Operating expenses

Operating expenses = $219,000 - $26,280

= $198,720

Therefore the gross margin is $219,000 and operating income is $198,720

We simply applied the above formulas

You might be interested in
The Aztec civilization also had a school for a few select young women to become priestesses where they learned to weave and deco
Vladimir [108]

Answer:

True

Explanation:

The women become priestesses in a school, where they learned to weave an decorate costumes.

3 0
3 years ago
McGuire Company acquired 90 percent of Hogan Company on January 1, 2010, for $234,000 cash. This amount is reflective of Hogan's
anzhelika [568]

Answer:

D. $1,800 Decrease

Explanation:

                                       book value      Fair value       adjustment

01 Jan                             10,000               8,000             2,000

Depreciation                  -1000                 -800                  -200

31 Dec                             9,000                7,200              1,800 Decrease  

5 0
3 years ago
Which of the following is essential for a firm to gain a sustained competitive advantage over its competitors?
Marrrta [24]

Answer:

Down Below

Explanation:

The resources must be valuable, rare, imperfectly imitable, and non-substitutable.

6 0
4 years ago
Anthony votes in favor of a bill which would prevent people above a certain level of income from being able to purchase subsidiz
Fynjy0 [20]

Answer:

Letter C is correct.<u> Social Justice Theory.</u>

Explanation:

The most suitable alternative for this issue is letter c, Theory of Social Justice.

This theory refers to an ethical and political philosophy that states that there is justice beyond those recognized by the economic law of supply and demand, civil and criminal law, and the social and moral rules and structures of society. According to this theory, social justice refers to relationships that must be fair to all groups in society, that is, all people must have equal access to health, well-being, justice, opportunities, etc., regardless of their conditions. political, economic or other.

Social justice theory can punish or favor individuals regardless of their characteristics, choices or actions.

In the above question, we can say that social justice is adequate, because in economic terms, it is able to grant opportunities, redistribution of wealth and income to groups considered oppressed by certain oppressors.

8 0
3 years ago
Who is California's State Attorney (NOT I REPEAT NOT!!!!!!! Xavier Becerra)?
DanielleElmas [232]

Steve Cooley or Eric Early

5 0
3 years ago
Read 2 more answers
Other questions:
  • Loop 1604 Inc. has prepared a static budget at the beginning of the month. At the end of the month the following information is
    12·1 answer
  • When the bicycle manufacturer trek determined that some consumers use bikes for green transportation whereas others use them for
    11·1 answer
  • PLEASE ANSWER ASAP! Which of the following statements are true about brokerage firms? (Select all that apply.)
    15·1 answer
  • What global trend is evident with regard to alcohol? affluent nations have more abstainers and abusers than low-income nations.
    12·1 answer
  • Which of the following are used as indicators of a strong market in the future?I. The advance-decline spread is increasing at a
    7·1 answer
  • Suppose the 2020 adidas financial statements contain the following selected data (in millions). Current assets $4,575 Interest e
    15·1 answer
  • The situations presented here are independent of each other.For each situation, prepare the appropriate journal entry for the re
    11·1 answer
  • If Jane attends graduate school, it will take her two years, during which time she will earn no income. She will pay a total of
    7·1 answer
  • Assume the account number for income summary is 901.2
    9·1 answer
  • Which doctor was the first to read the patient's chart in grey's anatomy
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!