Gross Profit = Revenue - Cost of Goods Sold is the formula for calculating gross profit.
What is Gross profit?Gross profit is the amount of money your company makes after paying its expenses. Your net profit is your earnings after all expenses have been paid. The money that remains after an organization has paid for the products and services it sold is known as gross profit. The amount that is left over after all costs and taxes have been paid is the company's net profit.
The profit a company makes after deducting all of the expenses involved to producing and offering its goods or services is known as gross profit. The cost of goods sold (COGS) is subtracted from your total sales to determine gross profit.
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To compute the percent change, divide the (analysis period amount - base period amount) by the _____ and multiply the result by 100.
To compute the percent change, divide the analysis period amount by the base period amount and multiply the result by 100.
The definition of a percentage change is an increase or reduction in value caused by changes in the old and new numbers. The change can therefore have a positive or negative value.
This is an increase in percentage if your response is a negative number. If you want to determine the percentage increase or reduction of numerous integers. While negative values denote a percentage decline, positive values denote a gain.
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If you focus on managing the production and delivery of your organization’s products or services more effectively, you are managing its.
If you focus on managing the production and delivery of your organization’s products or services more effectively, you are managing its. Operations
This is further explained below.
What is Operations management?Generally, Operations management is a subfield of management that focuses on the planning and administration of the production process, as well as the reorganization of corporate operations that are involved in the manufacturing of products or services.
Additionally, operations management is concerned with the reorganization of corporate operations that are involved in the distribution of goods.
The process of ensuring that goods are transported from one location to another in a way that is not only effective but also efficient is referred to as "delivery management," and it falls within the purview of delivery management.
In conclusion, You will be better able to manage your firm if you concentrate on improving the efficiency with which it manufactures and distributes the goods or services it offers. Operations
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Select the term from the dropdowns provided which is closely related to the auditing term, phrase, or organizational name.
Auditing the text or Name of the company term. Any financial statement that a certified public accountant (CPA) has audited qualifies as an audited financial statement.
The method for choosing test items should be decided by the auditor in order to acquire evidence that can be used in conjunction with other pertinent evidence.
Although it resembles a matrix layout, the emphasis is on supervisor fluidity rather than employee fluidity, creating a decentralized functional framework. HR managers make sure that employees are meeting the organization's goals and choose the best individuals to fill open positions.
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If actual production totals 8,200 units, the flexible budget would show net income of?
A flexible budget is one that adapts to a company's activity or volume levels. A flexible budget continuously "flexes" with a business's variations in costs, as opposed to a static budget, which remains fixed at the numbers decided upon when the budget was produced.
Budget flexibility = Fixed Cost plus (actual unit of activity x variable cost per unit of activity)
A flexible budget is simple to adjust in response to changes in the volume of production and sales. Performance measurement and evaluation are made easier with a flexible budget. It takes into consideration changes in activity volume. For control, a flexible budget is preferable to a static one.
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A man deposits $ 72,400 into a bank, which pays 12% interest that is compounded quarterly. What will he have in his account at the end of five years?
The amount he will have in his account at the end of five years is $130,762.45
What is the value of the amount he would have in 5 years?
The amount he would have in the account at the end of 5 years is the future value of the initial deposit of $72,400, in other words, the initial deposit plus the interest on principal and interest on earlier interest earned over the period of 5 years, which can be computed using the future value formula shown below:
FV=PV*(1+r/m)^(m*n)
FV=accumulated balance after 5 years=unknown
PV=initial deposit=$ 72,400
r/m=quarterly interest rate=12%/4=0.03
m=number of quarterly periods in a year=4
n=number of years that the deposit would last=5
m*n=4*5=20
FV=$72,400*(1+0.03)^20
FV=$130,762.45
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The _____ is the bureaucracy that handles the benefits you will receive in the event of a disability.
Social Security Administration is the bureaucracy that handles the benefits you will receive in the event of a disability. The Social Security Administration was laid out by the Social Security Demonstration of 1935.
What is Social Security Administration?
The United States Social Security Administration (SSA) is a free organization of the U.S. central government that directs Social Security, a social protection program.
To fit the bill for the greater part of these advantages, most specialists pay Social Security charges on their income; the petitioner's advantages depend on the breadwinner's commitments. In any case advantages like Supplemental Security Pay (SSI) are given in view of need.
SSA is settled in Woodlawn, Maryland, just toward the west of Baltimore, at what is known as Focal Office. Notwithstanding its 1,200 field workplaces, the organization incorporates 10 provincial workplaces.
Therefore Social Security Administration is correct.
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True or false: for the economy as a whole, expenditures must equal income.
a. true
b. false
For an entire economy Income and expenses must be equal. This is so that at the equilibrium level, total individual expenditures and total income are equal.
Does income have to match expenses?Every transaction involves a buyer and a seller, therefore the economy's overall spending and income must balance out. The Gross Domestic Product (GDP) of an economy is the sum of all the money spent on newly produced goods and services as well as all the money made from their production.
It is accurate since a functioning economy encapsulates all business dealings involving products and services. And these exchanges take place between the production or business sector and the domestic sector.
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According to the dow theory, reversal of a primary bullish trend must be confirmed by?
According to the Dow theory, reversal of a primary bullish trend must be confirmed by the Dow Jones Industrial Average and Transportation Average-however using this average lacks precision and is sometimes slow in confirming changes.
What do you mean by Dow Theory ?
The Dow theory is a financial theory that states the market is in an increased trend if one of its averages advances above a previous important grow and is accompanied by a similar advance in the other average.
What is the goal of Dow Theory?
The goal of this theory is to identify the primary trend in the financial market backed by solid proof. Once a trend is considered to continue until a turnaround is evident.
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Why is identifying and documenting business rules essential to database design? a. it helps to standardize the company's view of data. b. it can be a communication tool between users and managers.
Identifying and documenting business rules essential to database design as it helps to standardize the company's view of data.
What is database design?
The arrangement of data in accordance with a database model is known as database design. The designer decides the data pieces' relationships with one another. They can start to fit the data to the database model with this knowledge.
The database designer determines what information needs to be saved and how the data items should be related. Producing logical and physical architectural models of the suggested database system is the primary goal of database design in DBMS
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.
Recognizing marketing greater purpose is one of the four overriding principles of:________
One of the four guiding principles of is to recognize the bigger goal of marketing. It looks at moral standards and guidelines in a business setting.
Making a living or earning money through the production, acquisition, and sale of items is referred to as business (such as goods and services). Furthermore, it refers to "any activity or enterprise undertaken for profit."
The owner of the business is responsible and liable for any debts incurred by the business since despite having a business name, they are one and the same. If the company accrues debts, the creditors may seize the owner's personal property. Corporate tax rates cannot be applied to a firm structure. All profits earned by the business are subject to personal taxation by the owner.
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If an analyst studies how a business determines the prices of its goods or services, then she is studying the field of economics known as:______
If an analyst studies how a business determines the prices of its goods and services, then she is studying the field of economics known as Macro economics.
Macroeconomics is a branch of economics is a branch of economics which studies the aggregate of all or overall study of the economy. The market and the business which operates on large scale. Macro economics study the overall economy including inflation in the economy, price level, rate of economic growth, gross domestic production (GDP) , changes in unemployment level and national income.
Macroeconomics deals with the performance, structure, and behavior of the over all economy, in compare to microeconomics, which is more focused on the choices made by individuals.
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The top five legacy media companies in the united states are (select all that apply)? comcast bertelsmann nbc universal disney news corporation time warner viacom/cbs
Time Warner, Disney, Viacom, Bertelsmann and News Corporation
are the top five legacy media companies in the united states,
What is a legacy media?The majority of the time, they are referring to reputable media organizations like major newspapers, major TV networks, and some weekly and monthly periodicals. The likes of The New York Times, The Washington Post, CBS, and NBC.
In actuality, corporate media has replaced classic media. These news media companies, like Fox, are built to maximize revenues; in order to achieve this, they are aware of their audience and cater to them.
Media that existed prior to the rise of social media is referred to as legacy media.
Essentially, it consists of print media, television news programs, and some film media. The face of media has altered as a result of fb, insta and other platforms.
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Which of the following describes what is identified by a supply schedule?
a How much suppliers will profit at various prices
b How much consumers will save at various supply levels
c How much suppliers will raise prices as production varies
d How much of a product suppliers will produce at various prices
What is identified in a supply schedule is how much of a product suppliers will produce at various prices (option D).
What is a supply schedule?A supply schedule is a table that shows the price and quantity supplied of suppliers. It shows the total number of goods that would be supplied at various prices.
There is a positive relationship between price and the quantity supplied. This is because as price increases, there would be an increase in the quantity supplied. When price declines, there would be a decrease in the quantity supplied. This explains why the supply curve is positively sloped.
The supply schedule can be an individual schedule or a market schedule. When its an individual schedule, it contains information on only one supplier. If it is a market schedule, it aggregates the information of all the suppliers in the market.
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On july 1, bill's construction paid six months' insurance in advance. the journal entry to record this transaction is?
Bill's construction made a six-month advance payment on insurance on July 1. Debit Prepaid Insurance; credit Cash is the journal entry needed to document this transaction.
Prepaid insurance is a word that describes payments made up front for insurance services or coverage by both individuals and corporations to their insurers. In most cases, premiums are paid a full year in advance, but they occasionally may extend beyond a full year. These payments appear on the balance sheet of an insurance business if they have not yet been used up or have not yet expired. as an ongoing asset.
Prepaid insurance is a sort of account.
Prepaid insurance is categorized as a company asset and is shown as an asset account on the balance sheet's left side. Similar to money in a bank, the cost of insurance is paid, and as the insurance is "used up" over the course of each month or accounting period, money is withdrawn from the account.
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Wide screen formats were initially adapted to standard television format by a special editing process called?
Wide screen formats were initially adapted to standard television format by a special editing process called Pan and Scan Method.
Pan and Scan is a strategy used to film motion pictures or TV programs, where the picture is trimmed on the sides of a widescreen picture.
This makes it so you are simply ready to see about the portion of what might regularly be apparent on most Television.
The trimming can cause mutilation and cause a few situations to appear to be awkward because they don't squeeze into the edge as they were initially planned.
Pan and Scan is a technique for changing widescreen film pictures so they can be displayed in full-screen extents of a standard-definition 4:3 viewpoint proportion TV screen.
Frequently trimming off the sides of the first widescreen picture to zero in on the creation's most significant perspectives.
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To an economist, ________ is anything that is generally accepted in payment for goods or services or in the repayment of debt.
a. income
b. money
c. credit
d. wealth
Answer:money
Explanation:
An effective capital allocation process:____.
a. promotes productivity.
b. encourages innovation.
c. provides an efficient market for buying and selling securities.
d. all of these choices are correct.
An effective capital allocation process promotes productivity, encourages innovation and provides an efficient market for buying and selling securities. Hence, option D is correct.
What is capital allocation?Capital allocation entails the distribution, re-distribution, and investment of financial resources to maximize stakeholder returns. A strategic financial decision made by the chief executive.
Cash flow from operations, philanthropy, and external debt are the three sources of capital utilized in the entire capital allocation and management process of not-for-profit organizations.
Thus, option D is correct.
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If your physics club had $50 in a checking account and the dean generously increased it by two orders of magnitude, how much is the new balance?
If your physics club had $50 in a checking account and the dean generously increased it by two orders of magnitude, The amount of the new balance is: $5,000.
Checking account new balanceAn increase of two orders of magnitude means that the balance in the checking account was multiplying by 100 or the amount in the checking account is hundred times larger.
Hence,
Using this formula
New balance=Checking account balance× two order of magnitude
Let plug in the formula
New balance=$50×100
New balance=$5,000
Therefore If your physics club had $50 in a checking account and the dean generously increased it by two orders of magnitude, The amount of the new balance is: $5,000.
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Phyllis and maury obtained a mortgage from taylor bank & trust in 1998. in 2014, they obtained a second mortgage from quail loans. what's the loan with taylor bank & trust considered?
The fact that Phyllis and Maury obtained a mortgage from Taylor Bank & Trust first means that the loan with that bank is a First Mortgage.
What is a first mortgage?The first mortgage refers to the first time that a mortgage loan was acquired on a property.
This loan would often be senior to any subsequent loans that come afterwards which means that in the case of default, they have priority. The loan from Taylor Bank & Trust was acquired first so this is a First Mortgage.
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When supply management costs become more ________, their control becomes more _________.
The answer is visible for blank 1 and feasible for blank 2.
When supply management costs become more visible, their control becomes more feasible.
What is the meaning of supply management?The process of locating, obtaining, and managing the resources and suppliers that are crucial to an organization's operations is known as supply management. It covers the acquisition of tangible commodities, data, services, and any other resources required for a business to carry on operating and expanding. Supply chain management, in the context of commerce, is the control of the movement of products and services between establishments. The movement and storage of raw materials, inventories for work-in-progress, finished goods, and the complete order fulfillment process from the point of origin to the site of consumption can all be included in this.
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____ should be formed and continuously updated to help the organization as a whole make better strategic decisions.
Portfolios should be formed and continuously updated to help the organization as a whole make better strategic decisions.
What is meant by the term portfolio?In the business world, the term portfolio has to do with the collection of the products and the services that are available in the divisions of a particular company. It has to do with all of the accessible resources that the business is said to own which it uses to get all of its goals.
Hence we can say that portfolios should be formed and continuously updated to help the organization as a whole make better strategic decisions.
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If a licensee joins a company as an independent contractor, which of these will he probably not have to pay for on his own?
If a licensee joins a company as an independent contractor Health insurance will he probably not have to pay for on his own.
What is the waiting time for health insurance?The waiting period in health insurance guides to the time period the insured is needed to wait for, from the date of issue of the health insurance policy, to be able to avail the usefulness under the policy. The terms and requirements of a waiting period vary from insurance company to insurance company.
What is health policy insurance?
Health insurance is a warranty that requires an insurer to pay some or all of a person's healthcare costs in business for a premium. More specifically, health insurance generally pays for medical, surgical, prescription drug, and occasionally dental expenses incurred by the insured.
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Both the causal-comparative and experimental research methods are similar in that they:________
The experimental and causal-comparative approaches are comparable in that they both: a categorical variable at a minimum A categorical variable in statistics is a variable with a finite, typically set range of potential values that designates
each individual or other unit of observation to a specific group or nominal category based on some qualitative attribute.What is an example of a categorical variable?Categorical variables represent different sorts of data that may be categorized. Race, age, and educational level are a few examples of categorical variables.To Learn more about categorical variable, click the links.
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2. Kathy took a job through an employment agency. The job pays $415 per week. Kathy must pay a
fee to the employment agency. The fee is 25% of her first two weeks' pay. How much money
must Kathy pay the agency?
Answer: 415 x 2 = 830
25% of 830 is 207.5, so therefore Kathy must pay the agency $207.50
This lab is about charge transfer - yet in this lab we don't ever talk about the amount of charge we transfer. is there a way to reliably calculate or measure that?
If you comprehend the doable distinction (V) in volts utilized in a circuit and the work (W) in joules achieved over the length which it is applied, the cost in coulombs, Q = W / V.
What are the methods of charge transfer?Three approaches electrons can be transferred are conduction, friction, and polarization. In each case, the complete charge stays the same. This is the law of conservation of charge. Conduction takes place when there is direct contact between substances that differ in their capability to provide up or be given electrons.
Charge switch is the switch of electrons that occurs when an electron relocates from an atom or molecule to a unique such entity. For this, one object have free electrons or a tendency to lose electrons and the different objects must have an affinity for the electron. Charge transfer.
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https://brainly.com/question/11317535#SPJ4Which city is located on the arno river and had major industries of clothing and banking? it was the home of the wealthy medici family. question 12 options: venice florence rome augsburg
One of the cities in Italy is Florence. The city is situated on the Arno River, which frequently floated through the city in the past.
Around the first century BCE, the Romans established Florence as a military colony. Throughout Florence's lengthy history, it has served as a republic, the seat of the duchy of Tuscany, and the capital of Italy (1865–1870). Florence rose to prominence in study, the arts, trade, and banking between the 14th and 16th centuries. Florence's current splendor is largely a result of her past. In fact, UNESCO added its historic center on the World Heritage List in 1982. The city of Florence still bears witness to the geniuses' enthusiasm for art, power, or religion because they were supported by individuals of astounding fortune.
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Managerial accounting places more emphasis on precision and less emphasis on flexibility and relevance of data than does financial accounting. a. true b. false
The correct answer is (a) true.
Compared to financial accounting, management accounting favors emphasizing timeliness while placing less focus on accuracy.
Where does a management accountant work?Governmental organizations, private enterprises, and public companies all employ management accountants. Cost accountants, managerial accountants, industrial accountants, private accountants, and corporate accountants are other names for these experts.
Despite the fact that there are twelve different accounting disciplines, three main forms of accounting are recognized by McAdam & Co. These include financial accounting, managerial accounting, and tax accounting.
Which four managerial accounting areas are there?The primary goal of managerial accounting, which primarily consists of four major functions:
(1) budgetary planning,
(2) cost discovery,
3) cost and profit analysis, and
(4) financial reporting,
is the preparation of these data and reports.
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Describe the computation of the limit placed on the business interest deduction. is the disallowed business interest ever deductible?
The total of business interest income plus thirty percent of the company's adjusted taxable income may be deducted as business interest expenditure. Adjusted taxable income is defined as taxable income allocated to the business activity determined before deductions for interest, depreciation, amortization, or depletion. Business interest is defined as any interest paid on debt allocated to a trade or business activity. It is possible to keep using disallowed business interest forever.
The section 163(j) limitation does not apply to you for the 2019 tax year, notwithstanding the fact that you are subject to it for the 2018 tax year. Any business interest expense that was not permitted in 2018 due to the limitation is carried over to 2019 and won't be restricted in that year. As a result, for the 2019 tax year, you do not need to calculate the section 163(j) limitation.
On a legitimate debt, a taxpayer may write off interest that was collected or paid during the tax year. Business interest expense was generally deductible in the year the interest was paid or accrued prior to the Tax Cuts and Jobs Act of 2017 (TCJA), subject to several restrictions.
With an exemption for small firms, the TCJA repealed the earnings stripping restrictions in 163(j) by capping the deduction for net business interest expense at 30% of a taxpayer's "adjusted taxable income."
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Robert and charles are highline college graduates and they start an online covid-19 support business called support for all of us. the business is operated as a partnership. under partnership law:_____.
Partnership law in business is lawed by the Partnership Act,1932.
What exactly does partnership law mean?The National Conference of Commissioners on Uniform State Laws suggested the Uniform Partnership Act, which includes amendments that are sometimes referred to as the Revised Uniform Partnership Act, for the management of business partnerships by U.S. States. The relationship between people who have decided to split the earnings from a firm that is operated by all of them acting for all of them is known as a "partnership." According to the definition given above, a partnership is made up of the following 5 components: (1) a contract; (2) between two or more individuals; (3) who agree to carry on a business; (4) with the intention of splitting profits; and (5) the business must be operated by all of them acting jointly.
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Management students may not immediately become managers, but studying management can help you.
Management students may not immediately become managers, but studying management can help you: Understand how organizational decisions are made.
What is management?Management can be defined as the process of making decision, planning, organizing , controlling, as well as leading an organization so as to achieve the organization set goals.
Management play an important in an organization as the success of an organization depend on it. Ineffective or poor management of an organization can lead to failure of that organization which is why management functions play an important role because making use of this functions can enables companies or organization to achieve their goals and objectives.
The management functions are:
PlanningOrganizingLeadingControllingTherefore Management students may not immediately become managers, but studying management can help you: Understand how organizational decisions are made.
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