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Tasya [4]
3 years ago
12

Last month, Korey's Comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. Calculate Korey's g

ross profit margin.
Business
2 answers:
nevsk [136]3 years ago
7 0

Answer: 76.3%

Explanation: Gross profit margin is calculated by dividing the gross profit (difference between revenue and cost of goods sold) by revenue (Net sales). It could be expressed as a percentage by multiplying by 100.

Gross profit margin = (gross profit ÷ net sales) * 100

Gross profit = $3,320

Net sales = $4,350

Gross profit margin = ($3,320÷$4,350) * 100

0.763 * 100 = 76.3%

MAXImum [283]3 years ago
7 0

The correct answer to this question on edgen is

<h2><u>C. 76.3%</u></h2>
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Gray is a 50% partner in Fabco Partnership. Gray's tax basis in Fabco on January 1, year 4, was $5,000. Fabco made no distributi
arsen [322]

Answer:

$21000

Explanation:

To determine Gray’s tax basis  for a 50% interest in the Fabco Partnership, The interest is increased by the partner’s  distributive share of all partnership items of income and decreased by the partner’s distributive share of all loss and  deduction items.

Gray’s beginning basis = $5,000  

Gray’s 50% distributive share of ordinary  income = 50% × $20000 = $10000

Gray’s 50% tax-exempt income= 50% × $8000 = $4,000 and  

portfolio income = 50% × $4000  = $2,000

Therefore, the ending basis of  Gray’s Fabco partnership interest = $5000 + $10000 + $4000 + $2000 = $21000

6 0
3 years ago
GDP is the: a. market value of an economy's production of final goods and services in a one year period. b. sum of coins, bills,
Bond [772]

Answer:

a. market value of an economy's production of final goods and services in a one year period.

Explanation:

GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP = Consumption spending + Investment spending + Government Spending + Net Export

GDP doesn't include intermediate goods. Therefore it is not the market value of an economy's production of all goods and services in a one year period.

Total expenditures of the federal government over the period of one year is known as government spending.

I hope my answer helps you

8 0
3 years ago
money that is provided by the defendant to ensure his or her appearance in court is reffered to as----------------.
faust18 [17]

Answer:

Bail

Explanation:

Bail is just a measure of cash that is saved with the court to guarantee that you appear for all court procedures. You can post your bail in real money with the court, and you will at that point be discharged from authority.  

In the event that the litigant needs more money to post the whole bail, the court will acknowledge a bail security.  

The reason for bail is to guarantee that a respondent returns for future court appearances.

8 0
3 years ago
In this scenario, Frankie must consider whether making one choice will force him to give up another.
aksik [14]
Based on the scenario above, the economic concept which Frakie is faced with is OPPORTUNITY COST. Opportunity cost refers to a benefit or value that a person could have received but which he gave up in order to take another course of action. Thus, an opportunity cost represents an alternative given up when a decision is made.
5 0
3 years ago
Read 2 more answers
Every year managers are given targets for categorizing their employees’ performance at the end of the year. The managers are all
Alla [95]

Answer:

forced distribution

Explanation:

Forced distribution method is the oldest method used in various industries to evaluate the performance of any class of employees based on some standard norms as set by the company under this method.

It basically distributes each class of employee into category of management, lower, middle or upper.

This is forced because there is no change in such evaluation method, despite even the change in the company's working style is there.

But in the given instance the company has followed this forced distribution.

8 0
2 years ago
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