Answer is $287,000 and $185,200 respectively for the company's gross profit and operating expenses.
Let us see how to solve it. As we can see the formula for Gross Margin is as follows -
Gross Margin= Net Sales − Cost of Goods Sold which is $852,000 − $565,000 = $287,000. So the total Gross Margin is $287,000.
Now the formula for Operating Expenses is as follows-
Operating Expenses= Gross Margin − Net Income; Hence we have to do $287,000 − $101,800 = $185,200. So the total Operating Expenses is $185,200. Hence answer is $287,000 and $185,200 respectively for the company's gross profit and operating expenses.
Learn more about operating expenses here-
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Answer:
The correct answer is Corporate Social Initiative.
Explanation:
An initiative refers to the decision to perform or execute a task that may or may not have repercussions against third parties. In business, organizational social initiatives involve targeted tasks that impact within the same internal structure or against the interests of the surrounding environment. In general, internal initiatives are intended to raise the level of satisfaction of internal users (employees, customers, shareholders, etc.); For their part, external initiatives seek to improve people's quality of life, either directly or indirectly.
The contingency viewpoint
This is a behavioural model of administration underscoring the contrasts between each issue or test an entrepreneur faces over a given timeframe.It helps an entrepreneur or a business executive to ensure he or she is utilising the possibility of every available way to deal with critical thinking looks at a wide assortment of components while deciding workable answers for every working environment issue
Answer:
c. $49,000
Explanation:
Calculation to determine what the cash proceeds to Chang Co. are:
Cash proceed=$50,000-($50,000*6%*120/360)
Cash proceed=$50,000-$1,000
Cash proceed=$49,000
Therefore the cash proceeds to Chang Co. are:$49,000
