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maxonik [38]
3 years ago
15

Your campus computer store reported Sales Revenue of $175,000. The company's gross profit percentage was 65 percent. What amount

of Cost of Goods Sold did the company report?
Business
1 answer:
vaieri [72.5K]3 years ago
6 0

Answer:

The company reported $61,250 amount of Cost of Goods Sold

Explanation:

As gross profit percentage is the net percentage of sales revenue and cost of goods sold. We can find the cost of goods sold percentage as follow

Gross profit = Sales - Cost of Goods Sold

Placing the percentage

65% = 100 % - Cost of Goods sold

Cost of Goods sold = 100% - 65%

Cost of Goods sold = 35%

Now calculate the value of cost of goods sold using following formula

Cost of goods sold percentage = Cost of good sold / Sales Revenue

35% = Cost of Goods sold / $175,000

Cost of Goods sold = $175,000 x 35%

Cost of Goods sold = $61,250

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You are considering two mutually exclusive projects. Both projects have an initial cost of $52,000. Project A produces cash infl
ivolga24 [154]

Answer:

b) Project A because it has the larger NPV

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Project A

Cash flow in year 0 = $-52,000

Cash flow in year 1= $25,300,

Cash flow in year 2 = $37100

Cash flow in year 3= $22,000

I = 14.2

NPV = $13,372.95

Project B

Cash flow in year 0 = $-52,000

Cash flow in year 1= $43,600

Cash flow in year 2 =, $19,800

Cash flow in year 3= $10,400

I = 13.9

NPV = $8,579.62

The NPV of project A is larger than that of project B, so, project A is more suitable

3 0
3 years ago
a type of bank account used by a person who wants to safely store their money over a long period of time, earning interest durin
Phoenix [80]

savings account

your welcome

4 0
3 years ago
Which is true about the workplace of Construction workers? It can change. It is never outdoors. It can be in an existing buildin
rosijanka [135]

Answer:

#1, It can change and #3, it can be in an existing building to repair or remodel

Explanation:

Construction is not at a desk.

6 0
3 years ago
Read 2 more answers
During which time period was the annual rate of increase of the speed the greatest? a) from year 1 to year 2 b) from year 1 to y
muminat

The annual rate will increase with the greatest speed from year 1 to year 3.

<h3>What is the growth rate?</h3>

A growth rate is the proportion that changes the price of all goods and services produced in a country over a specific time period in comparison to a previous period.

The growth rate is used to measure the comparative fitness of an economic system over time. The numbers are commonly compiled and announced quarterly and annually.

From 1948 to 2021, the GDP Annual Growth Rate in the United States averaged 3.14 percent, with an all-time high of 13.4 percent in the fourth sector of 1950.

From the above declaration, it's clear that choice C, year 1 to year 3, is the proper option.

Learn more about Growth rate, refer to:

brainly.com/question/13776641

4 0
2 years ago
In the month of July (31 days), a company had an available balance in their deposit account of $4,126,000 and service charges of
anygoal [31]

The amount that the company owe the bank in hard dollar fees, after adjustment for earnings credit is:$1081.

<h3>Amount owe after adjustment</h3>

Using this formula

Amount owe=Service charges-(Deposit balance×(1-Reserve requirement)×ECR× Number of days/Number of days in a year)

Let plug in the formula

Amount owe = 2500 - (4126000× (1-.10)×0.45%×31/365)

Amount owe = 2500 - (4126000×.90×0.45%×31/365)

Amount owe=2500-1,419

Amount owe =$1081

Therefore the amount that the company owe the bank in hard dollar fees, after adjustment for earnings credit is:$1081.

Learn more about Amount owe after adjustment here:brainly.com/question/27489236

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8 0
1 year ago
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