if a company's sales are $630,000 in 2021, and this represents an 9% increase over sales in 2020, what were sales in 2020? (round your answer to the nearest dollar amount.)
Answers
The sales in 2020 is $577,982.
What sre sales in 2020?Sales are acts that include the selling of goods or the quantity of goods sold over a predetermined period of time. A sale also includes the provision of a service for a fee. Sales in general company operations refer to any exchanges of money or value for the right to own an item or get a service.
A sale is an agreement wherein two or more people trade goods or services for money or other resources. A sale in the capital markets is an arrangement involving the cost of a commodity and its distribution for agreed-upon payment among a buyer and a seller.
Sales in 2021 630000
Sales in 2020 (630000/109*100) 577982
9% increase means, 2021 sales is 109% of year 2020 sales.
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Related Questions
In which type of organizational structure is decision making made at the lowest level of the organization
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Answer:
chain of command
Explanation:
The chain of command organizational structure simplifies decision-making. Employees at the lowest level of the company hierarchy complete the tasks assigned to them for that day.
The lowest level of the organization's hierarchy is where decisions are made in a chain of command organizational structure.
The authority-based ranking of members is known as organizational hierarchy. It alludes to the positions that range from entry-level workers to senior managers or executives.
Organizational hierarchies typically have several levels, with higher positions held by people with more power. A hierarchical organization or hierarchical organization is a type of organizational structure where all but one of the entities are subordinate to one another.
This set up resembles a hierarchy. In an organization, the power structure typically consists of one or more individuals or groups at the top, followed by command lower levels of power.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
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The publisher of Celebrity Living claims that the mean sales for personality magazines that feature people such as Megan Fox or Jennifer Lawrence are 1.5 million copies per week. A sample of 10 comparable titles shows a mean weekly sales last week of 1.3 million copies with a standard deviation of 0.9 million copies.
Answers
Answer and Explanation:
The computation is shown below:
For determining each part first we have to do the following calculations
Critical value of t = 3.250
Null hypothesis = 1.5
Alternative hypothesis ≠ 1.5
Population mean \(\mu\) = 1.5
Sample mean \(\bar X\)= 1.30
Sample size \(n\) = 10.00
Sample standard deviation \(s\) = 0.900
Standard error of mean is
\(s_x = \frac{s}{\sqrt{n} }\)
\(= \frac{0.900}{\sqrt{10.00}}\)
= 0.2846
Test static is
\(t = \frac{x - \mu}{s_x}\)
\(= \frac{1.30 - 1.5}{0.2846}\)
= -0.703
a. The null hypothesis is
μ = 1.5
Alternate Hypothesis is
μ ≠ 1.5
b. reject \(H_o\) if t is not between
-3.250 and 3.250
c. The value of the test statistic is
t = -0.703
(as we have computed above)
d. fail to reject \(H_o\) as this data does not contradict the publisher claim
HELP QUICK PLEASE!!!!! William is not generally a risk-taker, but he knows he may need to step out of his comfort zone to make enough money for retirement. Which investment option would best meet William’s needs?
a US savings bond
a savings account
a commodity
a certificate of deposit
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Insurance is a financial risk that allows a
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Answer:
The insurance risk class allows insurance companies to determine the amount of coverage needed, as well as how much that coverage should cost.
Hope it helps! :)
group life insurance policies are generally written as
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Answer:
they are written as term Insurance if am not mistaken
Commercially reasonable means Multiple Choice observing industry standards and practices that are generally accepted throughout various industries as proper business practices. charging a fair price for goods and not taking advantage of others in the industry. getting the highest price possible for goods without violating the law. observing industry standards and practices that may be unique to the particular industry.
Answers
Answer:
observing industry standards and practices that may be unique to the particular industry.
Explanation:
Commercially reasonable activities are based on a standard of reasonableness. It gauges what a reasonable person or entity will do in a given situation.
For example a standard for operation is defined in an industry and used as a basis the determine if business practices of a company are reasonable or not.
It involves good faiths effort on the part of the actors to meet as much as possible a similar objective or activity under similar circumstances.
In this instance commercially reasonable is defined as observing industry standards and practices that may be unique to the particular industry.
A candy compary developed a new consumer product that is expected to eam $4,000 in profit each year it consimer demand is low, $17,000 per year if consirner dernand is moderate, and $35,000 per yoar if consumer demand is high. The probablity of low moderate, and high demand is 30%,45%, and 25%, respectively. Deternine the expected monetary value (EMM) for the now product. EMV = 5 (Type an integer or a decimal)
Answers
The expected monetary value (EMV) for the new consumer product is $12,150.
How is the expected monetary value (EMV) calculated for the new product?To calculate the expected monetary value (EMV) for the new product, we multiply the profit of each demand scenario by its corresponding probability and sum up the results.
For the low demand scenario: $4,000 × 0.30 = $1,200
For the moderate demand scenario: $17,000 × 0.45 = $7,650
For the high demand scenario: $35,000 × 0.25 = $8,750
Adding up these values, we get: $1,200 + $7,650 + $8,750 = $17,600.
However, since the EMV formula involves taking the expected value of a random variable, we round it to a reasonable precision. Therefore, the expected monetary value (EMV) for the new consumer product is $12,150.
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the three important functions of money are a. serving as a unit of account, facilitating trade, and serving as a store of value. b. serving as a store of value, facilitating trade, and ensuring a double coincidence of wants. c. facilitating trade, serving as a medium of exchange, and serving as a unit of account. d. serving as a medium of exchange, facilitating trade, and serving as a unit of account. e. serving as a medium of exchange, a unit of account, and a store of value.
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The correct option is e: serving as a medium of exchange, a unit of account, and a store of value.
Money plays several crucial functions in an economy. Firstly, money serves as a medium of exchange, enabling transactions by acting as a universally accepted medium for the exchange of goods and services. It eliminates the need for bartering and facilitates the smooth flow of trade.
Secondly, money acts as a unit of account, providing a common measure of value for goods and services. It allows individuals to compare the relative worth of different items and determine their prices in a standardized manner. Money as a unit of account simplifies economic calculations, making it easier to assess costs, profits, and losses.
Thirdly, money serves as a store of value, allowing individuals to save purchasing power for future use. By holding money, people can preserve wealth and defer consumption, as money retains its value over time. This function is crucial for individuals to accumulate savings and plan for the future.
In conclusion, the three important functions of money are serving as a medium of exchange, a unit of account, and a store of value. Money's ability to facilitate trade, measure value, and retain worth make it an essential component of modern economies.
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The three important functions of money are option E: serving as a medium of exchange, a unit of account, and a store of value. It facilitates trade by acting as a widely accepted form of payment, allows for easy comparison of values, and enables individuals to save and preserve their wealth.
1. Money serves as a medium of exchange, which means it is widely accepted as a form of payment for goods and services. For example, when you go to a store and use money to buy a product, you are using money as a medium of exchange.
2. Money also functions as a unit of account. This means that it is used as a common measure to value goods and services. For instance, prices of different products are expressed in terms of money, such as dollars or euros. This allows for easy comparison and calculation of values.
3. Lastly, money acts as a store of value. It allows individuals to save wealth and store purchasing power for future use. Instead of relying on perishable or non-durable goods, people can hold money knowing that it will retain its value over time.
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Natalia has just finished her law degree, but as she starts her job search, she realizes that there many lawyers practicing in her area. What might that mean for Natalia
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She will therefore need to put in more effort to become the top attorney in the region or relocate to a region with fewer attorneys might that mean for Natalia.
Why are lawyers called attorneys?Lawyers are those who have completed legal education, frequently after passing the bar exam. The word "attorney" has French roots and comes from a verb that means to represent someone else. Attorney is a shortened version of the official title "attorney at law."
Lawyers frequently haven't finished their exams, whereas attorneys typically have already taken and passed the bar test. Lawyers who take and pass their bar exams are entitled to use the title "esquire" when referring to the scope of their legal activity.
A person who offers legal advice is referred to as a "lawyer" in general. There are many distinct types of qualified lawyers in the legal field. It's well knowledge that the terms "solicitor"
Thus, She will therefore need to put in more effort to become the top attorney.
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Over One Inc. considers two investment projects over the period of 6 years.
The first investment is to build a "rubber company". The initial investment is $220 million. The projected annual cash flows are as follows: $500million, $83.5million, $152.4million, $110.2million, $99.3million and $72.5 million.
The second investment is to produce a series of singing aircond cleaners. The initial investment is $350 million. The projected annual cash flows from this investment are estimated to be $87.3million, $92.5 million, $76.2 million, $100.1 million, $110 million and $75.5 million
Over One Inc. has a market capitalization of $210 million and $69 million in debt. Based on the company’s current credit position and market scenario, the cost of equity is assumed to be 11% while debt cost of capital is 8%. Assuming a tax rate of 25%, calculate the after-tax weighted average cost of capital (WACC).
Answers
The after-tax weighted average cost of capital (WACC) for Over One Inc. is 9.5%. The cost of equity is 11%, and the cost of debt is 8%.
To calculate the after-tax weighted average cost of capital (WACC), we need to consider the cost of equity and the cost of debt. The cost of equity is the return expected by the company's shareholders, and the cost of debt is the interest rate paid on the company's debt.
Given that the cost of equity is 11% and the cost of debt is 8%, we can calculate the weights of equity and debt in the company's capital structure. The market capitalization is $210 million, and the debt is $69 million. The total capital is the sum of market capitalization and debt, which is $279 million ($210 million + $69 million).
The weight of equity is calculated as follows:
\(Weight of equity = \frac{Market capitalization}{Total capital} = \frac{210 million}{279 million} = 0.752\)
The weight of debt is calculated as follows:
\(Weight of debt = \frac{Debt}{Total capital} = \frac{69 million}{279 million} = 0.248\)
Next, we calculate the after-tax cost of debt by multiplying the cost of debt by (1 - tax rate):
After-tax cost of debt = Cost of debt × (1 - Tax rate) = 8% × (1 - 0.25) = 6%
Finally, we calculate the WACC by weighting the cost of equity and the after-tax cost of debt:
WACC = (Weight of equity × Cost of equity) + (Weight of debt × After-tax cost of debt)
= (0.752 × 11%) + (0.248 × 6%)
= 8.272% + 1.488%
= 9.76%
Therefore, the after-tax weighted average cost of capital (WACC) for Over One Inc. is 9.5%. This represents the average rate of return required by the company to fund its investments and reflects the company's cost of capital considering its specific capital structure and tax rate.
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Importers Direct arranged to have a French winery ship a large quantity of fine wine to the United States. By signing a(n) ______________, Importers Direct authorized its bank to make full payment to the French winery if and when the wine arrives at the Importers Direct warehouse in Philadelphia.
Answers
Answer: letter of credit .
Explanation:
A letter of credit is known as
a trade finance mechanism also known as "letter of undertaking" used as a guarantee document that the payment of goods and services will be fulfilled between a seller and a buyer.It is also known as documentary credit or a bankers commercial credit.Hence, Importers Direct arranged to have a French winery ship a large quantity of fine wine to the United States. By signing a letter of credit , Importers Direct authorized its bank to make full payment to the French winery if and when the wine arrives at the Importers Direct warehouse in Philadelphia.
Identify and explain the three basic steps strategy formulation
Answers
The first three steps in the strategic management process are part of the strategy formulation phase. These include analysis, strategy formulation, and goal setting. The final two steps in strategic management constitute implementation.
I hope this helps it’s all I know
explain four reason international countries choose jamaica to do business
Answers
The four reasons international countries choose Jamaica to do business are below in the below segment.
Although Jamaica seems to be a mid-income country with the highest average class, its low unemployment level has been one of the nation's most slow-growing economies.Considering Jamaica's economy's significance for commercial transactions, trade may be a major driving force for population development.For almost all such renewable sources, such as the production of energy, Jamaica consumes gasoline (petroleum).Another important feature of attention was knowledge and awareness-raising of trade trends among personal and corporate players but also civilized society.
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What is the Fallacy of Composition?
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Treating a distributed feature as though it were collective constitutes the Fallacy of composition . It happens when someone commits the error of attributing to a group (or a whole) a quality that only applies to each of its individual members (or its parts),
What are some examples of the composition fallacy?An informal fallacy known as the fallacy of composition occurs when a person assumes that something is true of the whole because it is true of a particular component of the whole. This tyre is made of rubber, hence the vehicle of which it is a part is also made of rubber, to give a ridiculous illustration.
When someone assumes something is true of the entire because it is true of a portion of the whole, they are engaging in the fallacy of composition. For instance, you can typically see better if you stand up during a performance. The obvious conclusion that follows is that everyone's vision will improve if they stand up.
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Why is it important to include industry terminology in a résumé and where can you find industry terminology?
Answers
Answer:
Including industry terminology will show you are "current" with the profession and know what the trends are at this time.
Explanation:
Answer: Including industry terminology will show you are “current” with the profession and know what the trends are at this time. To determine industry terminology, perform an Internet search of the job title or profession and see what terms occur frequently. If you are unsure of some terms, look them up. Some companies have their own “lingo”. Explanation:
Based on the details of the scenario, determine what will most likely occur. Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who then makes the pelts into hats to sell. A year into their contract, it becomes illegal to buy or sell beaver pelts in the U.S.
Answers
Answer: Contract is voided
Explanation:
From the question, we are informed that Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who will then makes the pelts into hats to sell.
We are further told that a year into their contract, it becomes illegal to buy or sell beaver pelts in the United States. Based on the scenario explained, the contact will be voided.
A void contract is referred to as a formal agreement that cannot be enforceable and is not legitimate. Since it is illegal to either purchase or sell beaver pelts, it means that the context cannot be carried out anymore and should the be void.
If a stadium sells 40,000 seats sold at $20, $22.50, and $25 and $28 equally distributed in four sections, how much can be made if the stadium sells out?
Answers
section B = 14,900 seats
section C = 7,600 seats
Amount of stadium sells out is $955,000
Given:
Number of stadium sells = 40,000
Four section cost = $20 , $22.5 , $25 , $28
Find:
Amount of stadium sells out
Computation:
Average price = [20 + 22.5 + 25 + 28] / 4
Average price = [20 + 22.5 + 25 + 28] / 4
Average price = 95.5 / 4
Average price = $23.875
Amount of stadium sells out = Number of stadium sells × Average price
Amount of stadium sells out = 40,000 × $23.875
Amount of stadium sells out = $955,000
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To synthesize means to form new information by combining parts or elements of other information. T
F
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True, Synthesizing means forming new information by combining parts or elements of other information.
The process of composition or combination of parts or elements so as to form a whole simply means Synthesize. Synthesizing simply combine the concepts and facts of numerous sources to make a larger statement instead of describing the important points of each source individually.
The Analysis that is concerned with comparison, contrast, classification, and division is a type of Synthesis. At the basic level, Synthesizing is used for looking at similarities and differences between sources. Synthesizing can be difficult because it requires understanding all sources and also to identify their main points.
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1 of 5) What does it mean to "Diversify" your portfolio?
A. To hold more than 1 stock
B. For your stocks to not be all in the same area of the economy
C. To have a mix between stocks, mutual funds, or other securities
D. A and B
Answers
Answer:
D. A and B
Explanation:
one part of a cooperations income is paid out to shareholders it is called a ______.
Answers
Answer:
dwadaddaddadawdawdwa
Explanation:
awdawdadawdawdawdaw
Answer:
cash dividend
Explanation:
The American Labor movement was considered radical compared to what was happening in Europe. true or false
Answers
Answer:
true took the test brainliest please
why do resources have to be allocated in an economy?
Answers
Resources have to be allocated in an economy because resources are limited and can only be used to produce a finite amount of goods and services.
Why are resources allocated in an economy ?The allocation of resources involves deciding how much of each resource, such as labor, capital, and natural resources, should be used to produce different goods and services. These decisions are influenced by a variety of factors, including consumer demand, production costs, and government policies.
Overall, the allocation of resources is a critical aspect of any economy, as it determines how goods and services are produced and distributed and can have significant impacts on the well-being of individuals and society as a whole.
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When janelle decided to buy a new computer, she thought about all the brands she could recall seeing advertised, but when she visited her local best buy, she limited her search to only those brands she would consider buying. the brands available at best buy represent janelle's set.
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Situational influences are transient circumstances that have an impact on consumer behavior.They include tangible elements like a store's layout, buying areas, music, lighting, and even odors.Businesses work to improve the physical conditions that shoppers encounter.
What are the situational factors that could alter the consumer decision making at the time of purchase?The likelihood that someone will go through all six stages of the purchasing process is probably limited to specific circumstances, such as when purchasing a thing for the first time or when purchasing expensive, durable, infrequently used items.Complex decision-making is what is meant when this occurs. Which of the aforementioned purchases would consumers be most likely to make with limited problem-solving.A regular coffee drinker's typical purchase is generally coffee to go.But problem solving skills will likely be reduced as a result of college courses. Physical surroundings, social surroundings, temporal perspective, task description, and antecedent state are the five components that make up situational factors. There are four different forms of consumer behavior: complex buying behavior, dissonance reduction, variety seeking, and habitual buying behavior. Consumer decision-making can appear complicated, but all buyers follow the same fundamental stages to choose the goods and services that will best meet their needs.Whether purchasing something, especially when it's something substantial like a car, consider your own thought process. When acquiring high-involvement products, buyers don't exhibit routine response behavior.Instead, they participate in what is known as prolonged problem solving, spending a lot of time weighing various factors such product features, costs, and warranties.To learn more about decision making refer
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examples of frictional force
Answers
Explanation:
I hope this would be the right answer....
FIFO, LIFO, and weighted average inventory costing methods are based on:assumptions that accountants make about the flow of inventory costs. the accounting equation (assets = liabilities + stockholders' equity). surveys taken that ask real companies how they value their inventories. the actual physical flow of goods purchased and sold by a business.
Answers
On the other hand, LIFO methods are predicated on cost flow assumptions. FIFO is an inventory valuation approach where the first purchased products are sold first.
The Last-In, First-Out (LIFO) approach is predicated on the idea that the most recent or most recent unit to enter inventory gets sold first. The oldest unit of inventory is supposed to be sold first according to the First-In, First-Out (FIFO) technique.
The cost of the earliest inventory items sold is added to determine FIFO. The price of the first 10 goods purchased as inventory is put together, for instance, if 10 units of inventory were sold. The cost of items sold is the same as this. The price of these ten goods may vary based on the valuation technique selected.
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Select the correct answer.
Elem Inc. has issued 3,000, 8% preferred stock at $10 per stock and 10,000 common stock issued at $10 par value. The corporation's directors
declared that it would pay dividends of 5% at the end of the year. How much will the preferred stock holders receive?
A. $5,000
B. $2,400
C. $8,000
D. $1,500
Answers
Answer:
B. $2,400
Explanation:
The computation of the amount does preferred stock holder received of dividend is as follows:
= Number of share issued × par value per stock × dividend percentage
= 3,000 × $10 × 8%
= $2,400
hence, the amount does preferred stock holder received of dividend is $2,400
Therefore the option B is correct
Answer:
B.
$2,400
Explanation:
Correct on Edmentum
Which of the following is an advantage of renting over
advantage of renting over buying a home?
Answers
Answer:
having to make a down payment..
An advantage of renting over buying a home and having to make a down payment. The correct option is D. Financial risks are lower when renting. You are aware of the precise monthly rent payment you will be making.
What is the most significant advantage of renting?The three biggest advantages of staying a renter, in Ramsey's opinion, are having more flexibility if you decide to move, not having to pay for home maintenance, and not having to spend as much money initially. Additionally, your landlord will handle all necessary repairs, upkeep, and other costs. There is no additional cost.
Renting offers convenience, consistent monthly costs, and maintenance assistance. Along with the concrete advantages of tax deductions and equity, home ownership also offers intangible advantages like a feeling of security and pride in one's possession.
Thus, the ideal selection is option D.
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name any TWO markets within the four-sector circular flow model
Answers
Answer:
Explanation:
The circular flow model shows the interaction between two groups of economic decision-makers―households and businesses―and two types of economic markets―the market for resources and the market for goods and services.
question 8 a spreadsheet is a versatile tool that helps a project manager to do what? select all that apply.
Answers
A flexible tool, spreadsheets 2. Examples of databases Multi-database systems 2.4. ... Conclusion Plans and Schedules employing a project manager
what is the project manager to do?Planning, obtaining, carrying out, and finishing a project are all tasks that a project manager is in charge of. The project manager is responsible for overseeing all aspect of the project, including its scope, team management, and resources allocated to it.
What exactly do project managers do and how do they do it?A project manager's responsibilities include resource management, monitoring client demands, team coordination, and on-time delivery of the results.
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