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Irina18 [472]
3 years ago
6

If the French bank Société Générale reported its 2019 net income was 23,561 million euros and its operating expenses totaled 16,

016
million euros, what was its gross profit? (Enter your answer in millions of euros.)

Gross Profit

million euros
Business
1 answer:
VashaNatasha [74]3 years ago
3 0

Answer:

39,577 million euros

Explanation:

Calculation to determine the what was its gross profit

Using this formula

Gross profit=Net income+Operating expenses

Let plug in the formula

Gross profit=23,561 million +16,016 million

Gross profit=39,577 million euros

Therefore gross profit will be 39,577 million euros

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Answer and Explanation:

The computation is shown below:

a. The operating break even point in number of CD is

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= $73,500 ÷ ($13.98 - $10.48)

= 21,000 CDs

b. Now the total operating cost is

= Fixed cost + Quantity × variable cost per unit

= $73,500 + 21,000 CDs × $10.48

= $293,580

c. If he can sell 2,000 CDs per month than annual sale is 24,000 CDs and the break even is exceeded than 3,000 CDs by taking a difference of 24,000 CDs and 21,000 CDs . So, it should go to the CD business

d. Now the EBIT is

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= $335,520 - $73,500 - $251,520

= $10,500

We simply applied the above formulas

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Identify two to three factors that affect revenue, expenses, and profit in the business of the Super Bowl:
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Answer:

Revenue

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  • Television Rights - Networks pay to be able to broadcast the Super Bowl as it will bring in a lot of money for them from Ads. Fox, CBS and NBC are said to pay upwards of $2.5 billion every year to broadcast it.
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The mean squared error minimization smoothing constant's value can be found using a nonlinear optimization process.

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Answer:

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