1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Art [367]
3 years ago
11

Net sales for the year were $325,000 and cost of goods sold was $240,500 for the company’s existing products. A new product is

presently under development and has an expected selling price of $40 per unit in order to remain competitive with similar products in the marketplace. The dollar amount of gross profit and the gross profit ratio for the year were:_______
a. $324,000 and 100%, respectively.
b. $84,500 and 26%, respectively.
c. $240,500 and 74%, respectively.
d. $83,500 and 74%, respectively.
Business
1 answer:
marin [14]3 years ago
6 0

Answer:

The correct answer is B.

Explanation:

Gross profit equals net sales minus cost of sales(Net sales- Cost of Sales).

Net sales = $325,000

Cost of Sales = $240,500

Therefore we have;

$325,000 - $240,500

=$84,500

Gross profit ratio is (Gross profit/net sales) x 100%

($84,500 x $325,000) x 100%

26%

You might be interested in
All of the following are examples of automatic stabilizers except :
Elina [12.6K]
<span>All of the following are examples of automatic stabilizers except the rapid growth decreases the number of people collecting unemployment. And more people qualify for unemployment as a result of a recession. The answers are the first and the fourth sentences.</span>
5 0
3 years ago
A computer repair service has a design capacity of 80 repairs per day. Its effective capacity, however, is 64 repairs per day, a
Lelu [443]

Answer:

The recommendation for the manager is to investigate more on scheduling and balancing.

Explanation:

It is clear that it is not a problem of quality (the problem is the number of repairs per day, not how the satisfaction customer's level is after the repairment). It is not either a problem of absenteeism since it does not define the total workers hired Vs the output of the total repairs. It seems that the effective capacity has to do more with how the tasks and loads are carried by the working team, since the difference between "design" capacity and "effective" capacity suggests a problem with balancing and scheduling activities

7 0
3 years ago
What are two types of goods/services that lend themselves well to price competition? Discuss these goods/services and reasons wh
telo118 [61]

Explanation:

The two types of goods / services where price competition works best are those classified by a market model of perfect competition and imperfect competition.

In perfect competition, there is a predominance of a homogeneous market, with the presence of many companies and without barriers to entry, where there is the possibility of free price competition, such as the food industry.

In imperfect competition, there is also the presence of many industries in the market, but there is a differentiation of products, which causes price competition but depending on the benefits, functionality and degree of differentiation of the good perceived by the consumer.

6 0
3 years ago
Assume that a company announces an unexpectedly large cash dividend to its shareholders. In an efficient market without informat
HACTEHA [7]

Answer:

The correct option is A, abnormal price change at the announcement

Explanation:

Abnormal price increase before the announcement would only  be the case if the there was insider dealing, that is there exists information leakage.

An abnormal price decrease cannot be the case, the market prices a share based on its earnings' strength, in other words a stock with high dividends prospect is priced high.

Option D is wrong there would a price change stemming from the announcement made about large cash dividends payout

5 0
3 years ago
One of the most divisive and economically pressing questions in U.S. domestic policy over the last several decades has been heal
LuckyWell [14K]

Answer:

The best choice for the United States would be a system in which everyone is covered by insurance, where a public robust option exists, but where there are also private options that can become spcialized in less essential care like comestic plastic surgery, or cosmetic dental care.

For this system to work better and to reduce the high spending in healthcare as percentage of GDP, many managerial jobs in the insurance industry should be cut, and only those that are essential should be kept.

The private options should be kept under a more rigid oversight so that they do not overcharge their users for services or prescription drugs.

Finally, the public option should be robust, insurance every person who cannot afford private insurance, and the government should make sure that it is well-funded.

6 0
4 years ago
Other questions:
  • If a firm applies its overall cost of capital to all its proposed projects, then the divisions within the firm will tend to ____
    13·1 answer
  • Kingbird, Inc. has the following information available for accruals for the year ended December 31, 2019. The company adjusts it
    15·1 answer
  • Is the device most frequently used to talk to someone in another location.
    8·2 answers
  • The _____ forecasts the types and amounts of assets a firm will need to implement its future plans as well as the amount of addi
    5·1 answer
  • Landlord Bruce has given Wayne an estate at will for the last 5 years. However, Bruce is tired of Wayne residing on his property
    14·1 answer
  • Friendly’s Quick Loans, Inc., offers you "eight for ten or I knock on your door." This means you get $8 today and repay $10 when
    13·1 answer
  • Astrid currently consumes only milk and honey. She drinks four quarts of milk priced at $3 per quart and gets 30 utils for the l
    11·1 answer
  • Cost-push inflation is a situation in which the:
    11·1 answer
  • Davis Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the fir
    10·1 answer
  • SKRAM Corporation is appealing directly to the shareholders of IDNIC Corporation to acquire shares of IDNIC stock. This appeal i
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!