the following information is taken from the financial statements of clybourn company for the current year: current assets $ 398,000 total assets 893,000 cost of goods sold 653,000 gross profit 203,000 net income 123,000 on a common size income statement for the year, what is the percentage that would be shown next to the dollar amount of sales revenue?
Answers
The percentage that would be displayed next to the quantity of sales income is about 23.71 or 24.
Is the profit the amount of sales?
Sales are simply referred to as "revenue," which does not include any fees or expenses related to running the business. Profit is the amount of money that is left over after all expenses, liabilities, other sources of income, and operating costs have been taken into consideration.
In an income statement, what does sales revenue mean?
Sales Revenue is the portion of total revenue that comes from the sale of goods and/or services provided by the company. In other words, it calculates the revenue generated by the company's main commercial endeavors.
Briefing:
Current Assets = $398,000
Total Assets = 893,000
Cost of Goods Sold = 653,000
Gross Profit = $203,000
Net Income = 123,000
Sales revenue = Cost of goods sold + Gross profit
= $653,000 + $203,000
= $856,000
Gross profit margin = (Gross Profit ÷ Sales) × 100
= (203,000 ÷ 856,000) × 100
= 0.23529 × 100
= 23.71% or 24% (Approx)
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Related Questions
Why does a price ceiling set below
the equilibrium price result in a shortage?
Answers
Answer:
Price ceilings are enacted in an attempt to keep prices low for those who demand the product—be it housing, prescription drugs, or auto insurance. But when the market price is not allowed to rise to the equilibrium level, quantity demanded exceeds quantity supplied, and thus a shortage occurs.
Which is a valid prediction about the continuous function f(x)? f(x) ≥ 0 over the interval [5, [infinity]). f(x) ≤ 0 over the interval [–1, [infinity]). f(x) > 0 over the interval (–[infinity], 1). f(x) < 0 over the interval (–[infinity]. –1).
Answers
Answer:
The answer is "\(f(x) \geq 0 \ \text{over the interval} (5, [\infty]).\)"
Explanation:
In this question, the first choice is correct because it is hard to say without seeing the charts we wouldn't understand the rule feature, it could be said the very same. Even so, three non-responses may be omitted.
In choice B, it is incorrect since f(x) has an [1,3] interval, in which it shows below zero, but f(x) is not below zero for the residual period to the left of x+3. In choice C, it is wrong because the x = -1 value contributes to f(x) = 0, which may never exceed 0. In choice C, it is wrong because it gives the 8 and 4, which was positive.Suppose Alcatel-Lucent has an equity cost of capital of 10.5%, market capitalization of $10.22 billion, and an enterprise value of $14 billion. Suppose Alcatel-Lucent's debt cost of capital is 5.5% and its marginal tax rate is 35%.
a. What is Alcatel-Lucent's WACC?
b. If Alcatel-Lucent maintains a constant debt-equity ratio, what is the value of a project with average risk and the expected free cash flows as shown here,
Year 0 1 2 3
FCF ($ million) -100 52 99 75
c. If Alcatel-Lucent maintains its debt-equity ratio, what is the debt capacity of the project in part (b)?
Answers
What is Alcatel-Lucent's WACC? The calculation of WACC of Alcatel-Lucent is given below, Firstly, we have to find the market value of equity and debt using the given data Market Value of Equity.
\(= $10.22 billion Market Value of Debt = $14 billion - $10.22 billion = $3.78\)
\(billion Total value of the firm = $14 billion.\)
Now, WACC can be calculated using the below formula,
\(WACC = ((E / V) × Re) + ((D / V) × Rd) × (1 - Tc)where,\)
\(E = Market value of Equity V = Total value of firm D = Market value of Debt\)
\(Re = Equity cost of capital Rd = Debt cost of capital Tc = Marginal tax rate\)
Substituting the given data in the above formula, we get
\(WACC = ((10.22 / 14) × 10.5%) + ((3.78 / 14) × 5.5%) × (1 - 35%)\)
\(WACC = 7.37%Therefore, Alcatel-Lucent's WACC is 7.37%.\)
If Alcatel-Lucent maintains a constant debt-equity ratio, what is the value of a project with average risk and the expected free cash flows?The calculation of present value of free cash flows is given below,
\(Year0 1 2 3FCF($ million) -100 52 99 75WACC7.37%\)
\(Present Value Factor 1 0.9346 0.8734 0.8169\)
\(Present Value ($ million) -100 48.53 86.60 61.76Total
Present Value = $(-100) + $48.53 + $86.60 + $61.76 = $96.89 million\)
The value of the project with average risk and the expected free cash flows is
If Alcatel-Lucent maintains its debt-equity ratio, what is the debt capacity of the project?The calculation of debt capacity of the project is given below,
\(Debt capacity = (Market value of Equity + Market value of Debt) × D / V
where, D / V = Debt-equity ratio = 3.78 / 10.22 = 0.3694\)
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
You want to save for a down payment on a new home in the future. You can invest $425 at the end of each month, and you expect to earn 6\% APR compounded monthly on your investment. How much will you be able to have saved in 3 years?
Answers
To calculate the future value of monthly investments, we can use the formula for the future value of an ordinary annuity:
FV = P * [(1 + r)^n - 1] / r
Where:
FV = Future value of the investment
P = Monthly investment amount
r = Monthly interest rate
n = Number of periods (months)
Given:
Monthly investment amount (P) = $425
Annual interest rate (APR) = 6%
Number of years (n) = 3
First, we need to convert the annual interest rate to a monthly interest rate. Since interest is compounded monthly, we divide the annual interest rate by 12 and convert it to a decimal:
Monthly interest rate (r) = (APR / 12) / 100 = 0.06 / 12 = 0.005
Now we can substitute the values into the formula and calculate the future value:
FV = $425 * [(1 + 0.005)^(3*12) - 1] / 0.005
Calculating this expression, we find:
FV ≈ $15,913.17
Therefore, you will be able to save approximately $15,913.17 in 3 years by investing $425 at the end of each month with an expected 6% APR compounded monthly.
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Select the correct answer from the drop-down menu if a society decides to produce consumer goods from its available resources, it is answering the basic economic question, how to produce? What to produce? For whom to produce?
A) how to produce
B) what to produce
C) to whom to produce
Answers
Scenario A
College graduates are moving back in with family in record numbers. They are waiting longer than previous generations to buy homes and start families. Data show downward trends in new home building, mortgage applications, and the birthrate. Multiple markets are complaining of falling demand. A national supplier of home goods permanently shut down. The media is calling babies born today part of the “baby bust generation.” Economists predict future school closings and labor shortages.
Would the Fed address the scenario with expansionary or contractionary policy? Explain.
What is a specific monetary action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address the scenario.
What is a specific fiscal action that Congress might use in this scenario?
Answers
The Fed would address the scenario with an expansionary policy as this is the policy that stimulates demand.
The specific monetary action that the Fed can take in this scenario is decreasing the Fed Funds rate, to reduce interest rates on loans.
Congress can use the specific fiscal action by offering tax breaks to young people who buy houses.
How can demand be stimulated ?The Fed Funds rate is the rate that banks borrow from each other. If the Fed was able to decrease this rate, then it would lead to loan interest rates falling which would allow the young college graduates to be better able to buy homes and start families.
Congress for its part, can embark on the fiscal action of giving tax breaks to young college graduates who buy houses and start families. This would encourage them to buy houses knowing they will pay less taxes.
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seemore lens company (slc) sells contact lenses fob destination. for the year ended december 31, the company reported inventory of $79,000 and cost of goods sold of $438,000.
Answers
Journal Entries in order to correct the balances presently reported below.
Seemore Lens Company (SLC)
Particulars Inventory Cost of goods sold
For the year ended Reported
on December 31 $79,000 $438,000
a. Less: Lenses held on
consignment $13,000
b. Less: Office supplies $6,500
c. Add: Lenses in the
warehouse $9,500 $9,500
d. Less: Inventory which is damaged with
no scrap value $3,750
Balance $71,250 $440,500
So, in order to achieve the balance of the inventory we simply added the report ended on Dec 31 and lenses which is in the warehouse and deduct the lenses endured consignment.
Hence, the journal entries in order to correct the balances was presently reported.
The question is incomplete, the complete question is-
Seemore Lens Company (SLC) sells contact lenses FOB destination. For the year ended December 31, the company reported Inventory of $79,000 and Cost of Goods Sold of $438,000.
a) Included in the Inventory (and Accounts Payable) are $13,000 of lenses SLC is holding on the given consignment.
b) Included in SLC’s Inventory balance are $6,500 of office supplies held in SLC’s warehouse.
c) Excluded from the SLC’s Inventory balance is $9,500 of lenses in the warehouse, ready to send to customers on Jan 2. SLC reported these lenses as sold on December 31, at a price of $18,000.
d) Included in SLC’s Inventory balance are $3,750 of lenses that were damaged in December and will be scrapped in January, with zero realizable value.
Required: Prepare the table and show the balances presently reported for Inventory and Cost of Goods Sold, and then display the adjustment(s) needed to correctly account for each of items (a)-(d), and finally determining the appropriate Inventory and Cost of Goods Sold balances.
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What is payment by cash?
What is it used for?
Answers
Answer:
payment by cash is when you pay for something by cash
Explanation:
Answer:
When you use cash instead of your card.
Explanation:
Lets say you are going to the shop, to buy something- You arrive at the till and realise that you have not got your card with you , but instead you have cash. So that is what payment by cash is
Donny owns and leases a coal mine to brian. the lease agreement states that brian will pay donny $4 per ton royalty on coal mined. what is brian's percentage depletion deduction for the current year from the information given below? gross income from coal $250,000 income from trucking coal 20,000 royalty paid donny 30,000 taxable income on coal (excluding depletion) 40,000 coal depletion rate 10%
Answers
Answer: $25,000
Explanation:
Given Data:
Gross income from coal = $250,000
Income from trucking coal = $20,000
Royalty paid to Donny = $30,000
Taxable income on call excluding depletion = $40,000
Coal depletion rate = 10%
Lease agreement = $4/ton
Therefore:
brian's percentage depletion deduction for the current year is
= gross income x coal depletion rate
= $250,000 x 0.1
=$25,000
What is Vitale's central argument in the end of policing?
Answers
According to Vitale, policing has been and is still being used to unfairly uphold social hierarchies (i.e., of class and race) and that the way that police work should be radically altered.
What are the central arguments of Vitale?‘The End of Policing’ is a book written by Alex Vitale and was published in 2017. The book highlights how current policing institution needs to be reformed.
In this book Vitale, put forth following questions towards policing institution arguments:
The way that police work should be radically altered. Instead of policing, we need social, economic, and racial justice.We are not criticizing specific police officers, but rather the policing institution, which contends that there is something unfair about it and that police officers are placed in situations where the outcome is inevitable. Although not all police officers are racist, the system was created on the basis of racism.To know more about Police, check out:
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The additional satisfaction received from consuming an additional unit of a good is called the.
Answers
The additional satisfaction received from consuming an additional unit of a good is called Marginal Utility.
Marginal Utility is the benefit or additional satisfaction received by the consumer with each subsequent unit or additional unit of a good or service. Marginal utility is inversely related to the number of units of goods or services he has already consumed. This means that with the consumption of each additional unit add the satisfaction, and hence the marginal utility of the consumer, decreases.
Due to this downward trend, there must come a point where the marginal utility to the consumer becomes zero. This is derived from the concept that the price of foods or services is determined by their utility.
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For investors who do not want investment advice and wish to avoid paying a commission, what is the best type of broker assistance firm?
Answers
For investors who do not want investment advice and wish to avoid paying a commission, the best type of broker assistance firm would be a discount or online brokerage firm.
Discount brokerage firms offer trading services at a lower cost compared to traditional full-service brokerage firms. These firms typically provide a platform for investors to execute their own trades without receiving personalized investment advice. Investors have the flexibility to manage their own investment decisions and portfolios without incurring high fees or commissions.
Online brokerage firms, also known as online trading platforms, operate entirely over the internet and cater to self-directed investors. They offer a range of investment options, including stocks, bonds, exchange-traded funds (ETFs), and mutual funds. These platforms provide user-friendly interfaces, research tools, and access to real-time market information, empowering investors to make informed investment decisions.
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Prepare a short report about the importance of hotel management.
Answers
Answer:
Having a hotel management degree can help you get a lucrative entry position in food or beverage service, accounts, restaurant service, executive housekeeping, marketing, or other departments within a hotel
this is what i get for missing online lessons haha
Answers
Answer:
22.28%
Explanation:
As per the pie chart
Variable costs: £2,150.00
Fixed costs £7,500.00
Total weekly costs = variable costs + fixed costs
= £2,150.00 +£7,500.00
=£9,650
Variable costs as a percentage of weekly costs
= £2,150/£9,650 x 100
=22.279792%
=22.28%
Suppose the government levies a tax on pork producers of $1. 20 per pound. What will be the after-tax equilibrium price and quantity of pork?
Answers
government levies a tax on pork . If the tax on pork producers is $1.20 per pound, the after-tax equilibrium price of pork is $4.56 per pound, and the after-tax equilibrium weight of pork is 268.8 pounds.
The supply and demand curves are affected when a tax is put on a market. In this instance, a $1.20 per pound tax on pork producers will push the supply curve to the left by raising their production costs. Finding the intersection of the new supply curve, S' = S + tax, and the demand curve will yield the new equilibrium price and amount of pork, assuming the demand curve for the meat does not change.
The new supply curve will be Qs = -100 + 50P + 120T, where Qs is the amount provided, P is the price, and T is the tax, if the producers of pork pass the tax on to consumers. Qd = 500 - 50P represents the demand curve. If Qs = Qd, we may determine
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CAREER (need help need to be %100 right)
Any activity that leaves you feeling weaker after you do it is a ___?
A) talents
B) strength
C) interest
D) weakness
Practicing and hard work builds your talents into ___?
A) strengths
B) weaknesses
C) motivation
D) passion
Answers
Answer:
D) weakness
A) strengths
Explanation:
The way you spend your time and energy is your _____.
PLS DONT GUSS:(
career
lifestyle
occupation
leisure time
Answers
Answer:
Lifestyle
Explanation:
Because your lifestyle contains all of those things, it's the way you live your life and what you're both made to do and choose to do!
Answer:
Lifestyle
Explanation:
Your lifestyle is how you spend your time, energy, and resources
Three boys step off together from the same spot. Their steps measure 63 cm, 70 cm
and 77 cm respectively. What is the minimum distance each should cover so that all
Answers
Answer:
Minimum distance walked y the three boys is 6930 centimeter
Explanation:
Complete Question
Three boys step off together from the same spot. Their steps measure 63 cm, 70 cm and 77 cm respectively. What is the minimum distance each should cover so that all can cover the distance in complete steps
Solution
The LCM of the size of the steps of the three boys will give the minimum distance that each should cover so that all can cover the distance in complete steps
LCM of 63 cm, 70 cm and 77 cm will be 2*3*3*5*7*11
= 6930 centimeter
Hence, minimum distance walked y the three boys is 6930 centimeter
the break-even price for a perfectly competitive firm is equal to the:
Answers
the break-even price for a perfectly competitive firm is equal to the:
The price the firm receives is exactly equal to its average cost of production at this price and output level, where the marginal cost curve crosses the average cost curve. This is the so-called break-even point.
Where can I find a firm's break-even price that is completely competitive?The company is only earning the average rate of return on its capital investment when it reaches the break-even price. The price that accounts for average variable expenses, both explicit and implicit. It happens right where the marginal cost curve and average variable cost curve meet.market supply and demand pressures. Under perfect competition, a firm's demand curve is a horizontal straight line that is perpendicular to the X-axis. In a situation of perfect competition, an organization's AR remains constant.
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A(n) __ test involves offering more product information, product samples, or premiums to the readers in advertisements, and measuring which ads generate the most interest during post-testing
Answers
A(n) inquiry test involves offering more product information, product samples, or premiums to the readers in advertisements, and measuring which ads generate the most interest during post-testing.
What are the steps of inquiry-based learning?There are four(4) steps of inquiry-based learning and these are listed below:
Learners seek questions that they are hungry to answer. Investigate the topic using time in class.Learners are asked to present what they've learntAsk learners to reflect on pros and cons of a conceptTherefore, this kind of learning which generates responses that are offers more product information, product samples, or premiums to the readers in advertisements, and measuring which ads generate the most interest during post-testing.
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Question 5 of 10
For accountants, which of the following is the most important consequence
of the unethical use of technology?
A. the threat to the reliability of accounting systems
OB. the direct and indirect loss of revenue
C. the possibility that privacy will be compromised
D. the loss of trust in the accounting profession
SUBMIT
Answers
The most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
What are accounting systems?Accounting systems are described as the controls, procedures, and processes in accounting. The main purpose of accounting systems is to make a summary and record the different business transactions in a way that will allow the creation of reports, and enhance operations.
If the accountants are unethically using technology, then it will directly impact the accounting processes, and transaction records of businesses, and the financial report will produce erroneous results and will highly degrade the decision-making process.
It can be concluded that the most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
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Answer: The loss of trust in the accounting profession
Explanation: believed the other person aaaannnnnddddd got it wrong
Under this kind of program, cities demolished poor neighborhoods in city centers that occupied potentially valuable real estate; in its place were constructed retail centers and all-white middle-income housing complexes. a.white flight b.neighborhood stabilization program c.urban renewal d.suburbs
Answers
The description explained depicts urban renewal.
Urban renewal were the policies that were out in place to enable housing authorities and local governments to demolish the neighborhoods that were considered to be blighted and poor and then replace such neighborhoods with real estate that were more valuable and were usually reserved for the white people.
Houses that were seen to be slums were destroyed and newer and fascinating neighborhood were constructed.
In conclusion, the correct option is C "urban renewal".
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What is an example of a target consumer?
Answers
A target customer is someone who is most likely to buy your product. It is also a subset of the larger target market. For example, if your target market is female athletes aged 13 to 25.
A target customer could be female athletes between the ages of 13 and 16. Geographic segmentation (location-based), demographic segmentation (population-based), psychographic segmentation (lifestyle and socioeconomic-based), and behavioural segmentation are the most common example of target markets. Target considers this demographic to be its target market because the majority of its customers are between the ages of 18 and 44. However, the most frequent shoppers in this demographic are in their 30s and early 40s.
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What does indigenous technology mean?
Answers
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
Paula has property which she uses in her office that someone else is responsible to maintain. What is a likely reason for this?
A. The property was defectively manufactured.
B. She purchased the property rather than leased it.
C. She has borrowed the property from a friend.
D. She leased the property rather than purchased it.
Answers
Are the following statements true or false? Explain in each case.
“Two countries can achieve gains from trade even if one of the countries has an absolute advantage in the production of all goods.”
“Certain very talented people have a comparative advantage in everything they do.”
“If a certain trade is good for one person, it can’t be good for the other one.”
“If a certain trade is good for one person, it is always good for the other one.”
“If trade is good for a country, it must be good for everyone in the country.”
Answers
1. True. Even if one country has an absolute advantage in the production of all goods, both countries can still benefit from trade if the other country has a comparative advantage in the production of certain goods.
2. False. Even the most talented people are not good at everything but they might be better at some things than others, but they cannot be excellent at everything.
3. False. Trade can be beneficial for both parties involved.
4. False. Trade can be beneficial for one party but not necessarily for the other.
5. False. International trade can have negative consequences for certain groups of people.
What is the term for a contract agreement in which an offeror promises to pay after the occurrence of a specified act, and the offeree is not required to respond in words?.
Answers
The term of such contract agreement where an offeror promises to pay after the occurrence of a specified act is called: unilateral contract.
What is a Unilateral Contract?A unilateral contract can be defined as a contract agreement whereby an offeror is obligated to pay only after a specified act has been fulfilled by the offeree.
For example, "I will pay you $2,500 if you bring my car from Texas all the way to Cleveland". The specified act that must be fulfilled before I pay is for you to bring my car. That is the acceptance.
Therefore, the term of such contract agreement where an offeror promises to pay after the occurrence of a specified act is called: unilateral contract.
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Will mark brainliest !!
Which of these is true about the national unemployment rate?
A. All people 18 years or older are counted as part of the labor force.
B. It is always at 6%.
C. All citizens are included in the labor force.
D. It is never at zero.
Answers
It is never at zero is true about the national unemployment rate. Hence, option D is correct.
What is national unemployment rate?The unemployment rate is defined as the proportion of the civilian labour force that lacks employment. The labour force is made up of all people who are working age and either employed or jobless.
The unemployment rate is the percentage of jobless people in the labor force. Therefore, knowing who is employed is essential for determining the unemployment rate. The labor force is made up of people who are either employed or unemployed.
The unemployment rate is the proportion of the work force that is unemployed. Because it is a trailing indicator, it frequently increases or decreases in response to changes in economic conditions rather than anticipating them.
Thus, option D is correct.
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who manages the big picture and strategies for corporations, and who manages the day-to-day affairs of a corporation?
Answers
It is the CEO's responsibility to implement the Board's decisions and initiatives, and with the support of senior management, to keep the company running smoothly. In many cases, the CEO is also appointed president of the company, so he is one of the in-house directors on the board.
What does corporation mean?A corporation is a legal entity exists in a distinct legal relationship from its owner. Corporations are given many of the same legal rights and obligations as people. They have legal rights to sign contracts, make loans and take loans, sue and be sued, hire staff, own property, and pay taxes.
How do you build your corporation?A corporation can have many structures, but the typical structure is (1) Board of Directors, (2) Officers, (3) Employees, and (4) Shareholders or Owners. There is no limit to how much your corporation can have.
What are types of corporate strategy?There are following types of corporate strategies:
Stabilize, combine, save, expand strategies. Business strategy differs from business strategy because it surrounds and focuses on a particular entity.
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