Answer: 2016 = 28.18 %
2017 = 40.03 %
Explanation: Cost of goods sold as a percentage of net sales can be calculated as follows :-
so by putting the values into equation for the two years :-
year 2016
= 28.18 %
year 2017
= 40.03 %
Answer: $168,000
Explanation:
Cash balance at the end of the year = Cash Inflows - Cash outflows
Cash Outflows
= (Merchandise purchased - Account payables) + Salaries + Interest + Insurance
= (235,000 - 38,700) + 28,100 + 2,600 + 8,900
= $235,900
Cash Inflows
= (Sales - Accounts receivables) + Investment by partners + Amount borrowed
= (378,000 - 47,000) + 47,000 + 26,000
= $404,000
Cash Balance = $168,000
Note: The options are most probably for a similar question.
A firm owned by a single person who has unlimited liability for the firm's debt is called a: sole proprietorship
What is a sole proprietorship?
A sole proprietorship is a one man business where the owners the entire the business, contributes all finances as well as unlimited liability for the debts of the business.
This means that when the assets of the business are not enough to settle its debts, the owners would pay the excess debts from their private account or using their personal assets to settle firm's debts
Find out more about one man business on:brainly.com/question/16055257
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Answer:
SOCIAL ZONE
Explanation:
Social Zone is the distance adopted by individuals usually in a formal relationship like in this case, Sansa the salesperson and the buyer. The social zone is defined as the area of 1.25 to 3.5 m (4–11½ ft) from a person. Given the average width if a desk is between 0.7 to 1.5 m, they are well within the stated range for the social zone.
It is the distance an individual leaves between themselves and another individual.
Another common example apart from salesperson and buyer is the distance between a client and his lawyer.
In order to implement a cost-leadership strategy effectively, a <span>functional and mechanistic</span> structure is preferred in a firm. The cost leadership strategy in business was developed by Michael Porter regarding competitive advantage. The ultimate goal is to achieve the lowest cost of manufacturing and operating your product within the industry.