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Soloha48 [4]
2 years ago
9

If the cost of an item is $72 and it has a retail price of $89, what is the gross margin?

Business
1 answer:
djyliett [7]2 years ago
7 0

Answer:

retail - cost) / retail) * 100 =

((5 - 3.5) / 5) * 100 =

(1.5/5) * 100 =

0.3 * 100 =

30% <==

Explanation:

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8 0
2 years ago
Paulson Company began the year with retained earnings of $500,000. During the year, the company issued $720,000 of common stock,
Murljashka [212]

Answer:

Revenue for the period = $2,100,000

Explanation:

Provided information,

Opening balance of retained earnings = $500,000

Expenses recorded for the period = $2,000,000

Dividends paid during the period = $80,000

Closing balance of retained earnings = $520,000

Therefore increase in retained earnings = $520,000 - $500,000 = $20,000

Earnings for the period - Expenses for the period - Dividend for the period = $20,000

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Earnings - $2,000,000 - $80,000 = $20,000

Earnings = $20,000 + $80,000 + $2,000,000 = $2,100,000

Revenue for the period = $2,100,000

6 0
3 years ago
A(n) ________ is a system based on a dominant ideology involving the widely shared belief that all people have an equal chance o
sammy [17]

Meritocracy is a system based on a dominant ideology involving the widely shared belief that all people have an equal chance of succeeding economically or a political philosophy stating that power should be vested in individuals based on their hard work and skills.

 





5 0
3 years ago
A revenue variance is the difference between what the total sales revenue should be, given the actual level of activity of the p
san4es73 [151]

Answer: True

Explanation:

Revenue variances are used by an organization in order to know the difference that exists between the expected sale by the organization and and actual sales.

The revenue variance is the difference between what the total sales revenue should be, given the actual level of activity of the period, and the actual total sales revenue.

4 0
3 years ago
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Vesnalui [34]

Answer:

The correct answer is

c. economic

good luck

8 0
3 years ago
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