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
PtichkaEL [24]
2 years ago
7

A company had net sales of $760,200 and cost of goods sold of $547,400. Its net income was $19,340. The company's gross margin r

atio equals:______.a. 18.2%.b. 25.4%.c. 28.0%.d. 35.3%.e. 38.9%.2. The monetary unit assumption means that all companies doing business in the United States must express transactions and events in US dollars.A. TrueB. False3. Paid-in capital is the total amount of cash and other assets the corporation receives from its stockholders in exchange for its stock.A. TrueB. False'
Business
1 answer:
suter [353]2 years ago
8 0

Answer:

1. A company had net sales of $760,200 and cost of goods sold of $547,400. Its net income was $19,340. The company's gross margin ratio equals:______

c. 28.0%.

2. The monetary unit assumption means that all companies doing business in the United States must express transactions and events in US dollars.

A. True

3. Paid-in capital is the total amount of cash and other assets the corporation receives from its stockholders in exchange for its stock.

A. True

Explanation:

Gross profit margin is calculated by dividing the gross profit by the sales and multiplying by 100.  In this case, the gross profit is $212,800 ($760,200 - $547,400).  The amount, $212,800, then divided by $760,200 and multiplied by 100 to obtain approximately 28%.

The dollar is the monetary unit for all business transactions conducted in the United States.  The accounting assumption behind the monetary unit means that all transactions conducted in the United STates are reported in dollars.

You might be interested in
The role of a labor union is to
devlian [24]

Answer:

D) represent the interests of workers in employment matters.

Explanation:

A labor union is an organization tha acts as an intermediary between its members and the business that employs them. The main purpose of labor unions is to give workers the power to negotiate for more favorable working conditions and benefits through collective bargaining.

8 0
3 years ago
Read 2 more answers
What is the difference between a Chronological Resume and a Skills Resume? How are they similar, and how are they different?
erastovalidia [21]

A chronological resume lists your work experience in order of time, usually starting with the newest job and working your way backward. Skills resume lists the skills you have acquired from each job and groups them together. For instance, "leadership" may be a skill, so you would have a section entitled "Leadership" and then you would list all the leadership skills and tasks you have done.

These are similar because you will still list all your previous work history, skills, accomplishments, etc but the difference is in how you categorize and list them.

4 0
3 years ago
A customer sells 1 ABC Corporation put for 2 on February 22, 2019, with a strike price of 50 and an expiration date of March 16,
Deffense [45]

Answer: a. He has an acquisition cost of $4,800 and a date of acquisition of March 15, 2007.

Explanation:

A Put amount gives the holder the right to sell underlying assets. As the Put was exercised, the customer would have to buy the underlying stock and the price they will pay for it is the strike price of the Put less the cost of the Put.

Options contracts come in 100s so;

Acquisition cost = (50 - 2) * 100

= 48 * 100

= $4,800.

The date of acquisition is the day the put was exercised.

8 0
3 years ago
X-treme Vitamin Company is considering two investments, both of which cost $22,000. The cash flows are as follows:
lukranit [14]

Answer:

0.88 years

1 year

Explanation:

Payback period calculates the amount of the time it takes to recover the amount invested in a project from its cumulative cash flows.

For project A:

Amount invested = $-22,000

Amount recovered in year 1 = $-22,000 + $25,000 =$-3000

The amount invested is recovered In 22,000 / $25,000 = 0.88 years

For project B:

Amount invested = $-22,000

Amount recovered in year 1 = $-22,000 + $22,000 = 0

The amount invested is recovered in a year

I hope my answer helps you

8 0
3 years ago
In the long run, once people have had time to adjust their long-term commitments, an increase insupply and a higher price level
Arte-miy333 [17]

Answer:

Product prices will be increased by resource price. A further explanation is given below.

Explanation:

  • When individuals have already had time, throughout the longer term, to change certain long-term obligations. A rise in population, as well as a higher level of costs, can no doubt mean an increase in the amount generated. Throughout the long term, the powers causing the rise in the sum usually provided mostly in the shorter term would not be available.
  • When the long-term current expires and has been tried to negotiate, expenditures that are already temporarily set as a part of the contractual deal will increase. If this continues, the resource price could well raise the price of additional goods, which should not modify the desire to manufacture.

4 0
3 years ago
Other questions:
  • What are the most important reasons why eCommerce has seen explosive growth in recent years? In your opinion, will this growth i
    8·1 answer
  • Speedy Print Shop bought a new photocopier to offer customers the opportunity to make high-quality copies out of their digital p
    10·1 answer
  • Bonds often pay a coupon twice a year. For the valuation of bonds that make semiannual payments, the number of periods doubles,
    13·1 answer
  • The nation of Hillyland is initially​ self-sufficient in coffee and​ rice, and so is Flatland. Coffee grows best on hilly​ land,
    13·1 answer
  • Terry, nick, and frank are forming the doctor partnership. terry is transferring $30,100 of personal cash and equipment worth $2
    13·1 answer
  • Drogo, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 14 years to maturity that is qu
    14·1 answer
  • GL Inc., a firm facing the threat of bankruptcy, did not want to be acquired by Red Phoenix Inc. because it would make drastic c
    14·1 answer
  • At the end of 2021, Larkspur Co. has accounts receivable of $653,700 and an allowance for doubtful accounts of $24,200. On Janua
    10·1 answer
  • Samantha is maximizing total utility while consuming food and clothing. Her marginal utility from food is 50, and her marginal u
    9·1 answer
  • Everything Looks Like a Nail, Inc is a manufacturing company that produces hammers. The company faces a number of fixed and vari
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!