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Tasya [4]
1 year 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]1 year 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]1 year ago
7 0

The correct answer to this question on edgen is

<h2><u>C. 76.3%</u></h2>
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The following information pertains to Lance Company.
nalin [4]

Answer and Explanation:

The preparation of the bank reconciliation statement is presented below:

Balance as per bank $8,732.00

Add: Deposit in transit $3,500.00  

Less: Outstanding checks  -$1,486.00

Adjusted bank balance  $10,746.00

Balance as per books $8,768.00

Add: EFT received from customer $2,023.00

10791.00

Less: Service charges -$45.00

Adjusted book balance  $10,746.00

5 0
1 year ago
Which of the following is NOT an example that falls within the four major categories of business environment factors for today's
oksano4ka [1.4K]

Answer:

c. fewer government regulations

Explanation:

  • All except the fewer government regulations on the trade of the companies that affect the today's business environment and the word organization. The globalization and the increased play a major role in the collection of the internal and the external factors the customer needs and the expectations that affect the firm's price availability.
5 0
2 years ago
Each stock's rate of return in a given year consists of a dividend yield (which might be zero) plus a capital gains yield (which
Alenkasestr [34]

Answer:

The correct answer is True.

Explanation:

The stock rate of return is a measure of the profitability of the shares over a period of time. There are a number of measures of performance of the shares, which include their own characteristics and benefits during a profitability analysis. The period during which stock returns are measured is chosen based on personal preferences, but portfolio managers usually measure it on a daily, weekly, monthly and annual basis.

3 0
2 years ago
In a given amount of time John can produce either 40 pounds of vegetables or 10 pounds of chicken. In the same amount of time Ge
aleksandrvk [35]

Answer:

Ten pounds of chicken to trade for at least <u>40</u> pounds of vegetables but not more than<u> 50</u> pounds of vegetables

Explanation:

                  Vegetables        Chicken        Trade Off Ratio

John             40                     10                4:1 (40/10) or 1:0.25 (10/40)

George          25                      5                 5:1 (25/5) or 1:0.20 (5/25)

John has comparative advantage in Chicken and George has comparative advantage in Veggies because :

  • John's chicken opportunity cost, in veggies < George (4<5). George's veggies opportunity cost, in chicken < John (0.20<0.25).
  • George is more (5X) productive in veggies than chicken, than John (4X). John is less unproductive in chicken than veggies (1/4th), compared to George (1/5th).  

So,  John will sell Chicken to George & George will sell veggies to John. Gains from trade are when each get trade ratio better than their their own trade off ratio.

  • It implies: John gets >' 4 pounds veggies per chicken pound' and George gets > '0.20 pound chicken per veggie pound'.
  • Unitary method:-  '1chicken : 4veggies' = '10chickens : 40veggies' and '0.20chicken : 1veggie' = '10chickens : 50 veggies' .

7 0
1 year ago
Cultural intelligence is made up of several factors, one of which focuses on a person's intelligence to be cognizant of the appr
inn [45]

Answer: D) Behavioral CQ(Cultural intelligence)

Explanation:

Behavioral cultural intelligence is defined as intelligence that gives ability to a person for changing their verbal and non-verbal interaction skills as per cultural situation or condition.This help in learning and dealing with new cultural aspects easily for advancement.

According to the question's statement, modification in verbal and non-verbal communication technique is being depicted while interaction with different cultures.Therefore, behavioral CQ is the nature of the speaker.

Other options are incorrect because cognitive cultural intelligence, motivational cultural intelligence and meta-cognitive cultural intelligence are not depicted through question's statement.Thus, the correct option is option(D).

7 0
2 years ago
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