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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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In a Cournot market with two firms, the inverse market demand curve is P = 20 – 0.5Q, where Q = q1 + q2. (Firm 1's output = q1;
Ksenya-84 [330]

Answer:

MR = 10 – 1q1.

Explanation:

Demand function, P = 20 – 0.5Q

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MR = 10 – 1q1

4 0
2 years ago
Take Test: Lab 3: Saving for Retirement Quiz Suppose Betty saves $200 each month in her 401(k) account. How much less will her m
g100num [7]

Answer:

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When Job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. A total of 1,00
DaniilM [7]

Answer:

d.$12.40

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= Total cost ÷ Number of units produced

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= $12,400 ÷ 1,000 units

= $12.40

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Nataly_w [17]
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