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3 years ago

If it costs $75,000 to put on an event and total revenue is $135,000, what is the profit as a percentage of revenue?

Business

1 answer:

Nuetrik [128]3 years ago

4 0

Answer:

44.44%

Explanation:

Profit is obtained by subtracting cost from revenue.

I,e.,

Profit = revenue - cost.

In this case,

Profit = $135,000 - $75,000

Profit = $60,000

As a percentage of revenue

= $60,000/ $135,000 x 100

= 0.44444 x 100

= 44.44 %

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Sexton, Corp., has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales $ 860 $ 940 $ 900 $ 1,000 Sales in the y

earnstyle [38]

Answer:

Q1 Q2 Q3 Q4

a. Payment of accounts ($) 258.00 282.00 270.00 300.00

b. Payment of accounts ($) 258.00 282.00 270.00 300.00

c. Payment of accounts ($) 258.00 282.00 270.00 300.00

Explanation:

Given:

Q1 Q2 Q3 Q4

Sales ($) 860 940 900 1,000

Therefore, we have:

a. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 30 percent of projected sales for the next quarter. Assume that the company pays immediately. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

This is done as follows:

Q1 Q2 Q3 Q4

Order (30% of Sales) ($) 258.00 282.00 270.00 300.00

Payment of accounts ($) 258.00 282.00 270.00 300.00

b. Calculate payments to suppliers assuming a 90-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

A 90-day payables period implies that the payment has be made within the next 90 days or within one quarter or the same quarter. Therefore, we have:

Q1 Q2 Q3 Q4

Order (30% of Sales) ($) 258.00 282.00 270.00 300.00

Payment of accounts ($) 258.00 282.00 270.00 300.00

c. Calculate payments to suppliers assuming a 60-day payables period.

A 60-day payables period implies the payment for the Order in each of the quarters has to be made in the same quarter.

Therefore, we have:

Q1 Q2 Q3 Q4

Order (30% of Sales) ($) 258.00 282.00 270.00 300.00

Payment of accounts ($) 258.00 282.00 270.00 300.00

Note:

It can be observed that the answer look the same for all the questions.

6 0

3 years ago

When the economy is doing badly, which of the following workers is NOT likely to have fewer customers or patients who want their

Vladimir [108]

A nurse because while the economy is doing bad the nurse will always have patient

8 0

3 years ago

Read 2 more answers

ABC Company is considering investing in new production equipment at a cost of $60,000 with a 10-year useful life and no salvage

ikadub [295]

Answer:

a. Operating Income = Sales - Production Cost - Depreciation Expense

Operating Income = $100,000 - $82,600 - $6,000

Operating Income = $11,400

b. Average Investment = (Initial Equipment Cost + Residual Value) / 2

Average Investment = ($60,000 + $0) / 2

Average Investment = $60,000 / 2

Average Investment = $30,000

c. Accounting Rate of Return = (Operating Income / Average Investment) * 100

Accounting Rate of Return = ($11,400 / $30,000) * 100

Accounting Rate of Return = 0.38 * 100

Accounting Rate of Return = 38%

7 0

2 years ago

A 1-year gold futures contract is selling for $1,645. Spot gold prices are $1,592 and the 1-year risk-free rate is 3%. The arbit

stealth61 [152]

The arbitrage profit implied by these prices is $5.24.

<h3>Arbitrage profit</h3>

Given:

Future contract= 1645

Sport gold price = 1592

Risk-free rate (rf) = .03

Hence:

Arbitrage profit=1645-[1592(1+1.03)¹]

Arbitrage profit=1645- 1639.76

Arbitrage profit=1645 =$5.24

Therefore the arbitrage profit implied by these prices is $5.24.

Learn more about arbitrage profit here:brainly.com/question/15394730

#SPJ1

5 0

2 years ago

Larry is a hard-working college freshman. One Saturday, he decides to work nonstop until he has answered 200 practice problems f

OverLord2011 [107]

Answer:

The marginal gain from Larry's second hour of work is 60 problems

The marginal gain from Larry's fourth hour of work is 20 problems

The best combination is 1 hour of working problems + 3 hours of reading

Explanation:

To get the marginal gain we subtract from the latest hour, in this case the second hour (140), the production from the previous hour (80). 140-80=60. It's always the same, the latest minus the previous one.

So let's do the same for the fourth hour:

Noon................200 problems

minus

11:00 AM..........180 problems

200-180= 20 problems

Now to know how many hours he should spend working on problems and reading, let's compare:

An hour of reading equals to 70 problems made; (because working on 70 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour).

hours of working problems problems solved

0............................................................0

1.............................................................80

2............................................................140

3............................................................180

hours reading problems equivalent to hours read

4...............................................(4*70)=280

3...............................................(3*70)=210

2...............................................(2*70)=140

1................................................(1*70)=70

finally let's add up the two combinations (0 and 4, 1 and 3, 2 and 2, 3 and 1)

0 and 4_______________0+280= 280

1 and 3________________80+210=290

2 and 2_______________140+140=280

3 and 1________________180+70=250

And the best combination is 1 hour of working problems + 3 hours of reading=290

3 0

3 years ago