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horsena [70]
2 years ago
14

In 2009, an agricultural company introduced a new cropping process which reduced the cost of growing some of its crops. If sales

in 2008 and 2009 were steady at $30 million, but the gross margin increased from 2.9% to 3.2% between those years, by what amount ($) was the cost of sales reduced
Business
1 answer:
Natali5045456 [20]2 years ago
8 0

Answer: $90,000

Explanation:

If sales in 2008 and 2009 were steady at $30 million, but the gross margin increased from 2.9% to 3.2% between those years, the amount by which the cost of sales would be reduced would be:

= $30 million × (3.2% - 2.9%)

= $30 nillioy× 0.3%

= $30 million × 0.003

= $90,000

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MC Qu. 36-46 (Algo) Answer the question...
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The manager of an unregistered hedge fund is typically compensated by a fee based on
saw5 [17]

Answer:

The correct answer is letter "A": I and III.

Explanation:

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2 years ago
You own 100 shares a $50 par value preferred stock. The stock has a 12% dividend rate, and a current market price of $85 per sha
andriy [413]

Answer:

Option (a) is correct.

Explanation:

Value of stock:

= Present value of all cash flows

=Dividend[\frac{1-\frac{1}{(1+r)^{n} } }{r}] + Par\ value[\frac{1}{(1+r)^{n} }]

=50\times 0.12[\frac{1-\frac{1}{(1.08)^{5} } }{0.08}] + 50[\frac{1}{(1.08)^{5} }]

     = $6 × 3.9927 + $50 × 0.6806

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5 0
3 years ago
Thomlin Company forecasts that total overhead for the current year will be $11,938,000 with 177,000 total machine hours. Year to
dimaraw [331]

Answer:

Correct answer is Option A = $67

<u>Explanation:</u>

In order to find out the predetermined overhead rate, forecasted overhead for the current year will be taken into account alongwith total machine hours of that has been forecasted for the current year.

Formula for calculation  

Predetermined overhead rate = Forecasted Overhead for the year / Total Machine hours

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Total Machine hours = 177000

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8 0
3 years ago
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