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Dmitry_Shevchenko [17]
2 years ago
4

Barney Corporation reported the following figures for their year ending December 31, 2019: Gross profit: 538,000 Cost of goods s

old: 453,000 Net income: 230,000 Using the data above, calculate Barney Corp's 2019 Gross Profit Margin.
Business
1 answer:
klasskru [66]2 years ago
6 0

Answer:

Barney Corp.'s gross profit margin for 2019 = 54.29%

Explanation:

gross profit margin = (net sales - cost of goods sold) / net sales

  • net sales - cost of goods sold = gross profit = $538,000
  • net sales = gross profit + cost of goods sold = $538,000 +  $453,000 = $991,000

gross profit margin = $538,000 / $991,000 = 0.5429 = 54.29%

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lee company pays its employees on a graduated commission scale 6% on the first $40,000 sales 7% on sales from $40,001 to $80,000
Elina [12.6K]

Answer: c

Explanation:

Because it makes even more sense.

6 0
2 years ago
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Customers around the world know Pepsi and consider it a primary "go-to" brand if they want a refreshing drink. This positioning
miv72 [106K]

Answer:

B). targeting strategy and marketing mix

Explanation:

This are the options for the question;

a. locational excellence strategy.

b. targeting strategy and the marketing mix.

c. supply chain management.

d. operational excellence strategy.

e. strategic business unit control.

From the question we were informed that Customers around the world know Pepsi and consider it a primary "go-to" brand if they want a refreshing drink.

In this case this positioning reflects Pepsi's careful implementation of targeting strategy and marketing mix.

This is because in concept of finance, targeting strategy is used in market segmentation.this is selection of product that will sell very well for each segment of consumers.

Pepsi also utilize the marketing mix strategy which is a tool that helps to control the target market, it is used in marketing to control Product, Price, Place and Promotion for more demand for their products.

7 0
2 years ago
Columbia Gas Company’s (CG) current capital structure is 35% debt and 65% equity. This year CG has earnings after tax of $5.31 m
Reil [10]

Answer:

Current dividend per share paid (Do)

= <u>Total dividend </u>

  No of shares outstanding

= <u>$1,600,000</u>

   1,000,000 shares

= $1.60 per share

Current market price = $31

Growth rate = 8%  = 0.08

Ke = Do<u>(1 + g)</u>  + g

               Po

Ke = $1.60<u>(1 + 0.08)</u> + 0.08

                     $31

Ke = 0.1357 = 13.57%

Interest rate on borrowing (Kd) = 10%

Tax rate (T) = 40% = 0.40

WACC = Ke(E/V) + Kd(D/V)(1-T)

WACC = 13.57(65/100) + 10(35/100)(1 - 0.4)

WACC = 8.82 + 2.10

WACC = 10.9%

The correct answer is A

Explanation:

In this case, we need to calculate cost of equity. The cost of debt has been given, which is the interest rate on long-term borrowing (10%). Since the debt proportion in the capital structure is 35% and equity proportion is 65%, it implies that the value of the firm is 100%.  Then, WACC is the aggregate of cost of each stock and the proportion of each stock in the capital structure.

6 0
2 years ago
Stiller Corporation incurred fixed manufacturing costs of $12,000 during 2011. Other information for 2011 includes: The budgeted
DiKsa [7]

Answer:

Cost of Goods Sold will contain 9,600 of the fixed manufacturing cost

Explanation:

actual fixed cost 12,000

Under absorption cost, the produced units will take the complete manufacturing cost

total manufacturing cost / produced units

            12,000                 /    1,500 units        = 8

Then, we multiply by the amount of units sold to know how much of the manufacturing cost were recognize during the period

1,200 x 8 = 9,600

The rest, will be capitalized into inventory.

6 0
2 years ago
Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing
Luden [163]

Answer:

If Mo pays cash, the cost of the purchase will be $140.

If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

Explanation:

If Mo pays cash, it implies that she does not get the 3% discount she is entitled to, with the use of her credit card.  Therefore, she will bear the full cost.  However, if she uses the credit card, the discount is $4.20 ($1540 * 97%) and she will pay only $135.80 as the discounted price of the electronic reader.

5 0
2 years ago
Read 2 more answers
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