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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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Answer:

$508.63

Explanation:

For this question, we use the Present value formula that is reflected in the attached spreadsheet. Kindly find it below:

Provided that

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3 years ago
The numerator of the return on common stockholders' equity is_____________. a.income before income tax b.operating income minus
elena-s [515]

The numerator of the return on common stockholders' equity is net income minus preferred dividends.

Option d

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<em>Use of return on equity:</em>

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That is, \text { Net income }-\text { Preference dividends }=\text { Equity available for common stockholder }

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4 years ago
Explain the requirements for putting together an Affirmative Action Plan (AAP). Include a discussion on mandatory and non-mandat
Sedbober [7]
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In some instances, companies are required to implement an Affirmative Action Plan without a direct government contract. If government contractors purchase at least $50,000 worth of goods to fulfill their obligations on a government contract, then the goods’ seller is also subject to the OFFCP’s laws.

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3 0
3 years ago
_____ are any aspects of a good or service that a customer must believe in but cannot personally evaluate even after purchase an
34kurt

Answer:

Credence Attributes

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A credence good or service is a type of good/service with qualities that cannot be observed by the consumer after purchase, making it difficult to assess its level of satisfaction.  Examples include expert services such as Tax advisory services, medical procedures, automobile repairs, and dietary supplements.

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Papessa [141]

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