The gross profit is the income made from the sales overall, taking into account if there is any of these items such as interest, tax and having the net profit calculated. I believe that the answer for this is $3,000 - ($4,000 - $1,000) = $3,000. The gross profit margin would be the percentage of money made, this means deducting expenses from revenue and dividing this number by the profits of the sales, being sure to express the answer as a percentage value, calculation is this; $3,000/$4,000 x 100 = 75%.
The business’s gross profit and gross profit margin for last month is $3,000 and 75% respectively.
Gross profit refers to the income made from the sales overall.
Net profit are derived after taking into account items like interest, tax, wages etcGross profit margin is a margin that compares the gross profit to the revenue.Given information
Sold (Revenue) = $4,000
Cost (Cost) = $1,000
Gross profit = Revenue - Sales
Gross profit = $4,000 - $1,000
Gross profit = $3,000
Gross profit margin = Gross profit / Revenue * 100
Gross profit margin = $3,000/$4,000 * 100
Gross profit margin = 0.75 * 100
Gross profit margin = 75%
Hence, the business’s gross profit and gross profit margin for last month is $3,000 and 75% respectively.
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Stear Corp. Purchases goods on credit for $2,000. It records this transaction in the journal. It then returns a quarter of these goods to the vendor because they were defective. How will the accountant record the transaction of returning the defective goods in the journal?
Answer:
Journal entries:
Explanation:
For recording the purchase of goods of credit
Inventory dr. 2000
Accounts payable cr. in the name of the vendor 2000
For recording the return of goods purchased
Account payable dr. in the name of the vendor 2000
Inventory cr 2000
What does the Federal Trade Commission protect consumers from? A. Rude service by employees B. Drastic price increases on imported goods, such as oil C. Being sold poor quality merchandise D. Unethical and illegal business practices
The Federal Trade Commission (FTC) protects consumers from unethical and illegal business practices, including fraud and false advertising, and enforces antitrust laws to ensure fair competition.
Explanation:The Federal Trade Commission (FTC) is a federal agency designed to protect consumers from unethical and illegal business practices. Established in 1914, the FTC enforces antitrust legislation to prevent monopolies and unfair practices that may harm consumers. Its mission includes preventing deceptive or unfair business tactics, such as false advertising or fraud. The FTC ensures that factual claims about product performance are accurate and does not allow untrue facts, while certain exaggerations or ambiguous language in advertising may be permissible as part of puffery. Antitrust laws like the Sherman Antitrust Act, the Clayton Act, and the Federal Trade Commission Act empower the FTC to maintain fair competition, which is critical for pricing and quality of products and services offered to consumers.
Gracies insurance premiums are $131 per month. This year she also paid a 500 deductible and 20% of 3200 for a minor accident. How much was her total health care expense this year?
131 x 12= 1,572
500 + 1,572 + 640 (20% of 3,200)
= 2,712$
Final answer:
Gracie's total health care expense for the year, including her insurance premiums, deductible, and share of accident costs, amounts to $2,712.
Explanation:
To calculate Gracie's total health care expenses for the year, we have to consider her monthly insurance premiums, the deductible she paid, and her share of the costs for a minor accident. Gracie's insurance premiums are $131 per month, and since there are 12 months in a year, her annual premium cost will be 12 times $131, which equals $1,572.
Next, Gracie paid a $500 deductible. Additionally, she covered 20% of the $3,200 cost for a minor accident, which amounts to $640 (20% of $3,200).
To find her total health care expense for the year, we add up these amounts: the annual premium cost ($1,572), the deductible ($500), and her share of the accident costs ($640). Therefore, Gracie's total health care expense for the year is $2,712.
Based on the contingency approach, to define performance _______ goals can be used in most jobs.
Based on the contingency approach, to define performance "behavioral" goals can be used in most jobs.
The contingency approach is a management theory that recommends the most proper style of the executives is reliant on the setting of the circumstance and that receiving a solitary, unbending style is wasteful in the long haul. Contingency managers commonly focus on both the circumstance and their very own styles and endeavor endeavors to guarantee both associate proficiently.
The contingency approach stands out from different types of administration, for example, characteristic based administration, whereby identity and individual make-up foresee examples of the executives and reactions to given circumstances after some time.
Performance goals can be used in most jobs to define performance based on the contingency approach. These goals act as a standard for evaluating work quality and effectiveness, supported by regular performance appraisals which help reinforce good performance and address concerns about poor performance.
Explanation:Based on the contingency approach, to define performance, both individual and situational factors must be considered. In this context, performance goals can be utilized in majority of jobs to measure employee efficiency. These goals established for the employees, act as a standard to assess the quality, outcome, and effectiveness of an employee's work.
Performance appraisals, routinely conducted, play a vital role in this process. The goals set for the employee by the supervisor or the employee themselves in the employment sphere help to evaluate the employee's performance. These appraisals can be used to communicate concerns about an employee's performance as well as to reinforce elements of good performance. Furthermore, possible rewards for good performance or consequences of poor performance can also be discussed.
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Business application software programs make it possible to:
A.comply with government regulations.
B.hire qualified employees.
C.set personal career goals.
D.increase productivity in the office setting.
Using business application software programs can significantly enhance productivity in the office. As a result, the ideal choice for business application software is option (D), which is the correct BAS.
BAS refers to a category of application software that is designed to streamline specific business functions, resulting in improved accuracy, efficiency, and productivity by saving time.
Automating sales processes is possible through Business Applications. This includes lead generation, lead scoring, and sales forecasting.
Sales teams can take advantage of this software to keep track of their interactions with prospects and customers. They can also schedule follow-up calls and meetings, and manage their sales pipelines more efficiently.
Using business apps can offer many benefits, such as boosting efficiency, saving time and money, cutting costs, increasing productivity, and generating more revenue.
These apps can automate manual tasks, giving employees more time to work on strategic projects instead of mundane daily activities.
Therefore, option (D): “increase productivity in the office setting” is the correct answer.
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A local barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?
A local barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?
To solve this question:
Take the 60 books received and divide them by the total 80 books they ordered.
60/80 = 75%
Barnes and Noble received 75% of the books they ordered so they are missing 25% of them.
Answer:
25% of the Order was missing.
Explanation:
The bookstore ordered a total of 80 Books of Marketing. Out of 80, they got 60 Books. So a total of 20 books were less.
When taking it in percentage, if we divide the no of books received by the total no of books, we would get the percentage of books received. So here is the calculation:
Total Number of Books Ordered: 80
Total Number of Books Received: 60
Percentage of Books Received: (60/80) * 100 = 25%
list 3 of the must dos on a college visit.
There was a drought that caused your special ingredient to shoot up in price to $40.15 per dozen and you need to buy a dozen from your supplier. You don't want to change your menu pricing, so you maintain a price of $11.25. How much do you make if you sell all 12 units?
In that case I make 94.85 dollars. If I sell each unit at 11.25. 12 times 11.25 is 135 dollars minus 40.15 is a profit of 94.85 dollars.
Answer:
b .. 94.85
Explanation:
To reduce the size of your car payments, many experts recommend making a down payment of at least _____ percent.
To reduce the size of your car payments, many experts recommend making a down payment of at least 20% percent.
Most experts argue that 20% is a pretty large payment but over time it will make your car payments much smaller
The callable feature of a bond protects the issuer when market interest rates are falling.
The answer isss "true"
Which of the following is the best reason for a home inspector to have a set procedure for the inspection process?
A. It prevents omissions and oversights during the inspection.
B. It keeps the inspector in control of the client.
C. It helps the inspector gain assignments from real estate attorneys.
D. It helps the inspector complete more inspections and make more money.
In a neighborhood, there is a transition zone between residential zone and a commercial zone. This transition zone also often called a
dezoned space.
garden zone.
buffer zone.
freedom zone.
This transition zone also often called a…. Answer- Buffer Zone.
Answer:
buffer zone.
Explanation:
In the conservationist context, the buffer zone corresponds to a strip of land that separates two different geographical, biogeographic or political entities. Its existence can be for political reasons (prevention of violence between two zones or two states, whose relations are potentially conflicting), conservationist, urbanistic (separation of residential zones and zones of industrial activity). The buffer zone can be temporary (such as a sanitary cord) or permanent (the so-called Philadelphi Corridor, for example).
Reserve requirements are regulations concerning
a. the amount banks are allowed to borrow from the fed.
b. the amount of reserves banks must hold against deposits.
c. reserves banks must hold based on the number and type of loans they make.
d. the interest rate at which banks can borrow from the fed.
Reserve requirements are regulations regarding the amount of cash reserves that banks have to keep on hand to meet withdrawal demands. They are established by the Federal Reserve and do not pertain to borrowings from the Fed or the composition of the banks' loan portfolios.
Explanation:Reserve requirements are regulations concerning the amount of reserves banks must hold against deposits (option b). The Federal Reserve - the central banking system of the United States - sets these requirements to ensure banks have enough cash on hand to meet withdrawal demands. The reserves may consist of cash held in the bank, as well as the bank's deposits in Federal Reserve Banks. It is important to note that these reserves do not take into account the number and type of loans a bank makes (option c), the amount banks are allowed to borrow from the Fed (option a), or the interest rate at which banks can borrow from the Fed (option d).
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An owner had a profit margin of 50,000 last year. She expects to recieve 1,168,000 from sponsorships this year with no additional expenses.What is the estimated profit margin for the upcoming year?
A consumer ________ study seeks to break down a population of individuals into smaller subgroups where individuals in a specific subgroup are similar to each other in terms of important characteristics and possess characteristics different from individuals in other groups. insights response reduction segmentation
The answer to the blank space given in the question is a concept called segmentation.
Market segmentation is commonly used by businesses to determine which target market would be the most profitable and have the highest growth potential. Consumer studies that seek to do this are often done through surveys or focus group discussions.
Which of these postsecondary degrees comes after a master's degree (going from lowest to highest)?
A.PhD
B.Bachelor's degree
C.High school diploma
D.Associate degree
From the given options, the degree that would come after the master’s degree is (A) PhD. A PhD refers to Doctor of Philosophy, which is a doctoral degree that a person can pursue immediately after Bachelor’s degree in some countries, or after a Master’s degree. The other options are incorrect because a Bachelor’s degree come before a Master’s degree, while an Associate’s degree comes before a Bachelor’s degree, and a high school diploma comes before an Associate’s degree.
Answer: PhD
Explanation: It is the first in the order
Thompson uses the decision support system to manage all the decisions for his organization. What is one of the major roles this system plays to help Thompson find effective solutions for his ideas?
A.
helps Thompson carry out analytical work
B.
helps Thompson generate reports
C.
helps Thompson process information
D.
helps Thompson input data
The decision support system helps to manage the analytical work. The answer to this question is option A.
What is a decision support system?This is a computer system that help in the analyzing of data. It helps to support judgments and actions that businesses make.
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Suppose the monopolist is thinking about charging men a 10% higher price. if the monopolist does so, the quantity demanded by men would fall by
If a monopolist raises the price by 10%, we would expect the quantity demanded by men to decrease by 4.5%. This is calculated using the concept of price elasticity of demand, which in this case is 0.45, indicating that the demand is inelastic.
Explanation:The key concept here is the price elasticity of demand, which measures how much the quantity demanded responds to changes in price. In this case, we're told that a 1% increase in price results in a 0.45% decrease in quantity demanded. This type of relationship between price and quantity demanded is known as inelastic demand because quantity demanded is not very responsive to price changes.
Applying this concept to your question, if the monopolist raises the price by 10%, we would expect the quantity demanded by men to decrease by 4.5%. This is calculated by multiplying the percentage change in price (10%) by the price elasticity of demand (0.45).
Keep in mind that while this calculation provides a numerical estimate, the actual effect on quantity demanded can vary depending on other factors such as consumer income, preferences, and availability of substitute goods.
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When thinking about entering a market dominated by a monopolist and charging 10% less, a firm should consider potential retaliation strategies by the monopolist, including price discrimination, lowering prices, or other market defense tactics that could impact the new entrant's profitability.
In considering a monopolist's response to a potential competitor planning to enter the market at a lower price, there are several strategic moves the monopolist could employ. The monopolist may decide to engage in price discrimination, adjusting their prices for different segments of the market, to maintain their market dominance. This could include charging men a 10% higher price. The reaction of the quantity demanded by men to this price increase depends on the price elasticity of demand for this demographic. If the firm predicts that the quantity demanded by men would fall significantly due to a higher price, they may reconsider this strategy. Additionally, the monopolist might decide to lower prices across the board to make market entry less attractive for the new competitor. Another potential reaction is to improve the product or increase marketing efforts to justify the higher price and retain customers.
Entering the market of a monopolist is risky because the monopolist could react with aggressive price cutting, leveraging its economies of scale, or by using other strategies to make the entry unprofitable for the new firm. Before entering the market with a 10% lower price, it is essential for the managing firm to analyze the market dynamics and anticipate the monopolist's possible defensive strategies, including price wars, enhancement of product offerings, or signing exclusive contracts with suppliers or distributors to obstruct the new entrant's market access.
Which occurrence could cause the demand curve for cars in your city to shift to the left? a layoff of 500 workers at the city's airport a sale at the local dealership that ends next week a rise in the average wages hundreds of new people moving into your city?
Which occurrence could cause the demand curve for cars in your city to shift to the left? A layoff of 500 workers at the city's airport.
Out of the choices, a layoff of 500 workers is the only negative impact that would happen. When there is a shift to the left of the demand curve, then there is a decrease in the demand that is needed. Some exmaples of a shift to the left of the demand curve is a decrease in income, decrease in the price of a substitute product or service and the rise in a price of another option. All of these are negatively going to effect consumer demand for a good or service.
A layoff of 500 workers at the city's airport.
100% on Gradpoint
"sally and harry both work at the local factory producing cars. sally earns $22 per hour working the day shift, and harry earns $25 per hour working the night shift. sally and harry do the same job, have the same experience, and have the same level of education. this means that"
Night shift employee's always get paid more than day shiff
Answer:
The higher paying job has a compensating wage differential of $3 per Hour
Explanation:
Wage differential is used to analyze the relation between the wage rate and the unpleasantness or risk of the particular job.
Since Harry works at night, he is compensates with $3 over the normal hourly rate paid to Sally
Sales minus cost of goods sold yields
Subtracting the cost of goods sold from sales yields the Gross Profit. It represents the profit a company generates after subtracting direct production costs, but before accounting for other expenses such as administrative or sales.
Explanation:In the world of business, when we subtract the cost of goods sold (COGS) from the sales, it yields what is known as the Gross Profit. The Gross Profit measures a company's efficiency at using its labour and supplies in the production process. It reflects the profit a company makes after paying off its direct production costs but does not account for other costs such as administrative or sales expenses.
For example: If a company has $200,000 in sales and the COGS is $120,000, then the Gross Profit would be $80,000. This profit will then be used to cover other costs and any residual sum is considered net income.
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Sales minus cost of goods sold yields a business's gross profit. This shows how efficiently a company utilizes its supplies and labor in the production process before accounting for other expenses. An example can be a company earning $115,000 of accounting profit from $200,000 of revenue and $85,000 of explicit costs.
Explanation:The subject of your question relates to business, specifically, sales minus the cost of goods sold. This calculation yields what is known as gross profit. Gross profit shows how efficient a company is in using its supplies and labor during the production process before other expenses are taken into account. Take for example a company that has revenues of $200,000 and explicit costs (cost of goods sold) of $85,000. By subtracting the explicit costs from the revenues ($200,000 - $85,000), you obtain an accounting profit of $115,000. This represents the company's profit after deducting the costs directly associated with producing the goods sold.
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Estimate the time it would take for earth to get 0.1% heavier at this rate.
I believe the correct answer to your question would be 10 to 14 years for the earth to get 0.1% heavier.
Hope I could help! :)
Martin is thinking about pawning his watch to get some quick money to pay his bills if he gets the money from the pawnbroker what type of loan will it most likely be.
A pawnshop loan , which of course is not traditional
Answer:Single payment loan (Apex)
Explanation:
which of the following is the management and regulation or resources?
A.economy
B.goods.
C.services.
D.tools
The economy comprises of various resources and the burden of management and regulation of resources falls upon the economy.
EconomyTheir are many resources in the business environment and these resources should be used for production in such a manner that resources does not fall short for the requirements and a balance should be maintained.
Therefore economy can be said as the management and regulation of resources and OPTION A is correct.
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How can the management of an organization contribute to a safety and health training program? What types of things can safety managers do to help guide management's role in safety and health training?
Kelly's corner bakery purchased a lot in oil city six years ago at a cost of $278,000. today, that lot has a market value of $264,000. at the time of the purchase, the company spent $6,000 to level the lot and another $8,000 to install storm drains. the company now wants to build a new facility on that site. the building cost is estimated at $1.03 million. what amount should be used as the initial cash flow for this project
$1,294,000 here ya go
Boris, Graham, and Chris have been best friends since grade school. Boris is a flight attendant for Delta, Graham is a conductor for Amtrak, and Chris is a ship captain for a cruise lines. What are some common qualifications the friends share?
Answer: They have special training and licenses, they work long and irregular hours, and they can react quickly in stressful situations.
Explanation:
Some common qualifications the friends are:
They have special training and licenses, they work long and irregular hours, and they can react quickly in stressful situations.
Advantage of common qualifications between friends:A friend is someone other than your family or partner that you share close affection with. You share kindness, sympathy, empathy, compassion, loyalty, fun, and probably some common beliefs and values with them. They can be in person or online, your next door neighbor or 1,000 miles away. There are different degrees of friendship.
Friendship provides reliance that acts as an alternative to the norm of fight-or-flight response to stress and disagreement. It provides a reality check every now and then. Friendship provides a feeling of safety and belonging. Friendship is a stepping stone during hard times.
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What is the process of gathering, organizing, and analyzing market information
The process of gathering, organizing, and analyzing market information involves several steps: identifying research objectives, collecting data, organizing and analyzing data, interpreting results, and presenting findings.
Explanation:The process of gathering, organizing, and analyzing market information involves several steps:
Identify the research objectives: Determine what information you need to gather and what specific questions you want to answer.Collect data: Use various methods like surveys, interviews, or data collection from secondary sources to gather relevant market information.Organize and analyze data: Sort, categorize, and analyze the collected data to identify patterns, trends, and insights.Interpret results: Make sense of the analyzed data and draw conclusions about the market trends, consumer behavior, or any other relevant insights.Present findings: Communicate the analyzed data and findings in a clear and concise manner, using visual aids if necessary.Learn more about Market Information here:
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A circuit contains three resistors connected in parallel. The value of R1 is 100 ?, the value of R2 is 400 ?, and the value of R3 is 330 ?. If this circuit is supplied with 40 VDC, what's the circuit current?
Sally jackson was told that when she sold her corporate bonds she must endorse her bonds before transferring ownership to the new owner. this means that sally sold
a. bond indentures.
b. registered bonds.
c. trust agreements.
d. corporate savings bonds.
e. convertible bonds.
This means that Sally sold "registered bonds".
A registered bond is a bond which has its proprietor registered with the bond's backer. The proprietor's name and contact data is recorded and stayed with on document with the, enabling it to pay the bond's coupon installment to the suitable individual.
At the point when a bond is registered , the guarantor records the name of the proprietor and data about the bond issue. A bond that is registered in physical shape has the proprietor's name imprinted on the bond authentication.