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Andrews [41]
2 years ago
12

Calculate gross profit for the following situation: National Storage Company had sales of $1,000,000, sales discounts of $2,500,

sales returns and allowances of $15,000, and a cost of goods sold of $525,000.
Business
1 answer:
Pie2 years ago
3 0

Answer:

$475,500

Explanation:

Sales is $1,000The discountscount is $2500

Sales return and allowances are $15,000

The cost of goods sold is $525,000

Therefore the gross profit can be calculated as follows

= 1,000,000-2,500-15,000-525,000

= 457,500

Hence the gross profit is $475,500

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1 year ago
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3 years ago
An organization with customer-focused design with the inverted organization structure puts the empowered front-line workers at t
Aleonysh [2.5K]

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tellers at JP Morgan Chase branches.

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3 0
3 years ago
5. A garden plant that has been passed down within a food family and is generally not commercially grown is called a/an _______
madreJ [45]

Answer:

The correct option is D, Heirloom.

Explanation:

A garden Plant that has been passed down within a food family and is generally not commercially grown is called a Heirloom Product. Such garden plants are planted by the gardeners for their own and family use. Such plants are not sold commercially. Generally they are planted to be used within the house. Family members use such plants to make foods.

4 0
3 years ago
Short Term Inc. has issued zero-coupon bonds that mature in one year. The returns from holding these bonds have a beta of 0.25.
Nataly [62]

Answer:

1. Current bonds price = $81.86.

2. Yield to maturity  = 22.16%.

3. 3.  Expected Return = 7.5%.

Explanation:

Required Rate = Rf + beta*MRP

          = 5% + 0.25*(15% - 5%)

       = 5% +0.25*10%

              = 5% + 2.5% = 7.5%

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3.  Expected Return = 7.5%

6 0
3 years ago
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