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
Ivahew [28]
3 years ago
6

The following information is available for Sweden Company for its most recent year:

Business
1 answer:
Sidana [21]3 years ago
4 0

Answer:

A $1,200,000

Explanation:

The correct answer is D.

the gross margin equals 40% of net sales = 40%* 1,800,000= 720,000

Cost of goods sold will therefore be  60% of net sales;

Cost of goods sold = (60% * 1,800,000) = 1,080,000.

Cost of goods available for sale = cost of goods sold + the cost of ending inventory.

Cost of goods available for sale = 1,080,000+120,000 = $1,200,000

You might be interested in
All of the following are functions of a knowledge management system EXCEPT: a. designing information systems. b. improving colla
Alika [10]

Answer:

designing information systems

Explanation:

knowledge management system are system designed to managed the knowledge of a company. The design of IT Systems is not under it scope.

7 0
3 years ago
The one-year forward rate of the British pound is quoted at $1.63, and the spot rate of the British pound is quoted at $1.60. Th
AysviL [449]

Answer:

The forward is discount, which is -1.8%

Explanation:

The forward rate is the rate of interest that is applicable or applied to the financial transaction, which will happen in the near future.

The percent is computed as:

= (Spot rate / Forward rate) - 1

where

Spot rate is $1.60

Forward rate is $1.63

Putting the values above:

= ($1.60 / $1.63) - 1

= $0.9815 - 1

= -1.8 %

which is forward discount.

8 0
3 years ago
In 2003, only 19 percent of high school students took classes that could earn them college credits (advanced placement or intern
Katyanochek1 [597]
By the year of 2013 the number of high school students took classes that could earn them college credits in advanced placement or international baccalaureate course has increased to 33 percent, it is only 19 percent in the year 2003 so it had increase by 24 percent but the answer is 33 percent.
3 0
3 years ago
Many academic institutions offer a sabbatical policy. Every seventh year a professor is given a year free of teaching and other
Fittoniya [83]

Answer:

$ 127,773.36

Explanation:

The professor will be in sabbatical  in years 7,  14, 21, 28, 35 and 42

In each of these years, he receives full pay amounting to=50,000

The PV of the sabbatical full pay

= \frac{50,000}{1.04^7} + \frac{50,000}{1.04^14} + \frac{50,000}{1.04^21} + \frac{50,000}{1.04^28} + \frac{50,000}{1.04^35} +\frac{50,000}{1.04^42} = 84,101.22

=50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000

/(1+4%)^35+ 50,000/(1+4%)^42

==50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000

/(1+4%)^35+ 50,000/(1+4%)^42

= \frac{50,000}{1.316} + \frac{50,000}{1.732} + \frac{50,000}{2.279}  +\frac{50,000}{2.999} +\frac{50,000}{3.946} + \frac{50,000}{5.193}

=37,993.92 + 28,868.36 + 21,939.45 + 16,672.22 + 12,671.06 + 9,628.35

=  $ 127,773.36

Thus, at an interest rate of 4%, the present value of all the sabbatical earnings amount to $ 127,773.36

6 0
3 years ago
The federal reserve's goal in managing the money supply is to ensure that money retains its value.
sattari [20]
The answer is B: False The Federal's Reserve goal is t<span>o provide the nation with a safer, more flexible, and more stable monetary and financial </span>system<span>.</span>
6 0
3 years ago
Other questions:
  • Tetra Co. uses the perpetual inventory system and a FIFO cost flow method. On January 1, the company purchased 2,400 units of in
    14·1 answer
  • If someone runs a red light in front of you and you choose not to slow or steer away you will __
    11·1 answer
  • A deli is offering a special for its sandwiches. a customer will receive three free sandwiches for every five sandwiches purchas
    8·1 answer
  • The economy is in long-run equilibrium: Select one:
    5·1 answer
  • At the luxury hotel in miami, florida, three hotel employees serve the needs of each guest. in every room, a guest can summon a
    15·1 answer
  • Jaguar has full manufacturing costs of their Sminustype sedan of pound​22,803. They sell the Sminustype in the UK with a​ 20% ma
    8·2 answers
  • if the federal reserve decreases the reserve rate from 10% to 8%, how does this affect the amount of money that would result bec
    12·1 answer
  • Hester operates a hand car wash service and charges customers $10 per car wash. Based on her knowledge of operations, the 100th
    9·1 answer
  • You are the manager of a monopoly, and your analysts have estimated your demand and cost functions as P = 200 − 2Q and C(Q) = 1,
    6·1 answer
  • A corporation, like a(n)_______, may file suit or _______, or may form a contract or breach a contract.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!