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3 years ago

25 points !Please answer thank you !!!!

Business

1 answer:

artcher [175]3 years ago

8 0

Answer: The 3rd one

Explanation: (i think) because it talks about shoes and a graph usually shows the growth in a company or product

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Company ABC reported the following: 1. Net Income: $110,000 2. Return on Sales (Net Income/Sales): 3.56% 3. Gross Profit Percent

Sergeeva-Olga [200]

Answer:

$2,266,123.60

Explanation:

As it is given

Return on sales = Net income ÷ Sales

3.56% = $110,000 ÷ Sales

So, the sales is $3,089,887.64

Now the Gross Profit percentage is

Gross Profit percentage = Gross profit ÷ Sales

26.66% = Gross profit ÷ $3,089,887.64

So, the gross profit

= $823,764.044

Now the cost of goods sold is

= Sales - gross profit

= $3,089,887.64 - $823,764.044

= $2,266,123.60

8 0

3 years ago

What are the main components of money in the United States today? The main components of money in the United States today are

Komok [63]

Answer:

The answer is option B.

Explanation:

The main components of money in the United States today are the physical cash in the form of currency, and also the deposits that are made in the form of savings in various banks and other depository institutions. This is to take into account that, the asset that can be converted into cash is not considered under these components of money in the US.

7 0

3 years ago

The two pivotal factors that distinguish one competitive strategy from another boil down to Multiple Choice

kenny6666 [7]

The two pivotal factors that distinguish one competitive strategy from another boil down to Multiple Choice is explained in the following way

Explanation:

The generic types of competitive strategies include: low-cost provider, broad differentiation, best-cost provider, focused low-cost, and focused differentiation strategies. Which of the following generic types of competitive strategies is typically the "best" strategy for a company to employ?

What sets focused (or market niche) strategies apart from low-cost leadership and broad differentiation strategies is: their concentrated attention on serving the needs of buyers in a narrow piece of the overall market. ... meaningfully lower overall costs than rivals on comparable products.

1- By using its lower-cost edge to underprice competitors and attract price-sensitive buyers in great numbers to increase total profits.

When a Low-Cost Provider Strategy Works Best

Most buyers use the product in the same ways. Buyers incur low costs in switching among sellers. Large buyers have the power to bargain down prices. New entrants can use introductory low prices to attract buyers and build a customer base.

4 0

3 years ago

Laredo manufactures Nuts and Bolts from a joint process (cost = $80,000). Five thousand pounds of Nuts can be sold at split-off

Zigmanuir [339]

Answer:

Cost for Nuts = $80,000 $\times$ 2/5 = $32,000

Cost for bolts = $80,000 $\times$ 3/5 = $48,000

Explanation:

Provided joint cost = $80,000

Total quantity of nuts and bolts at separation

Nuts = 5,000 pounds

Bolts = 10,000 pounds

Weights of cost will be based on value of goods.

Nuts = 5,000 $\times$ $20 = $100,000

Bolts = 10,000 $\times$ $15 = $150,000

Thus, weights will be 10:15 = 2:3

Cost for Nuts = $80,000 $\times$ 2/5 = $32,000

Cost for bolts = $80,000 $\times$ 3/5 = $48,000

4 0

3 years ago

The supplies account had a beginning balance of $1,804. Supplies purchased during the period totaled $3,283. At the end of the p

mixer [17]

Answer: The adjusting entry is:

Debit ($) Credit ($)

Supplies expenses 4,648

Supplies 4,648

<em>Being adjustment to account for supplies expenses incurred at year end</em>

Explanation: The supplies account is an asset account, so it has a debit balance. To arrive at the supplies expenses amount journalzed above, we have to do a movement schedule for the supplies account as follows:

Opening balance $1,804

Purchases during the period 3,283

Supplies expenses (XXX)

Balance 439

To get the value of XXX above, we do $1,804+3,283-XXX=439; using subject of the formula, XXX = $1,804+3,283-439 = $4,648.

8 0

3 years ago