Questions
Financial information is presented below: Operating expenses $ 47000 Sales returns and allowances 6000 Sales discounts...

Financial information is presented below:

Operating expenses $ 47000
Sales returns and allowances 6000
Sales discounts 9000
Sales revenue 190000
Cost of goods sold 99000


The profit margin would be

0.43.

0.17.

0.34.

0.16.

In: Accounting

1. In TWO sentences, describe Management by Exception. 2. List THREE advantages of Decentralization. 3. For...

1. In TWO sentences, describe Management by Exception.

2. List THREE advantages of Decentralization.

3.

For EACH of the following responsibility centers, describe what the manager is responsible for.:

  1. Cost Center
  2. Revenue Center
  3. Profit Center
  4. Investment Center

In: Accounting

Consider the following data: equilibrium price = $21, quantity of output produced = 1,000 units, average...

Consider the following data: equilibrium price = $21, quantity of output produced = 1,000 units, average total cost = $13, and average variable cost $9. Given this information, total revenue is ___________, total cost is _____________, and total fixed cost is ______________.

In: Economics

create your own example of the Debt Utilization Ratio of debt to total assets ratio. You...

create your own example of the Debt Utilization Ratio of debt to total assets ratio. You answer should result in a percentage. Also, distinguish the difference between Revenue and net income and give the four steps of the Accounting Cycle.

In: Economics

Governments have both expenses and expenditures.    What is the difference between these two terms? Give an...

  1. Governments have both expenses and expenditures.   
    What is the difference between these two terms? Give an example to help us understand.    
    What is a special revenue fund? For what purpose are these used?

  2. Please give at least one APA references

In: Accounting

The inverse demand curve for a Stackelberg duopoly is P =1932 - 3Q. The leader's cost...

The inverse demand curve for a Stackelberg duopoly is P =1932 - 3Q. The leader's cost structure is
CL(QL) = 13QL. The follower's cost structure is CF(QF) = 25QF.

Find the follower revenue

Round all calculations to 1 decimal

In: Economics

Problem 1 At a local supermarket, customers spend an average of 74 AED. The standard deviation...

Problem 1 At a local supermarket, customers spend an average of 74 AED. The standard deviation is 30 AED. If 60 customers come to the supermarket today, what is the probability that the total revenue of the supermarket will be between 4000 AED and 5000 AED.

In: Statistics and Probability

given the demand function, Q=20-2p, find the price range for which a) demand is elastic b)...

given the demand function, Q=20-2p, find the price range for which
a) demand is elastic
b) demand is inelastic
c) demand is unit elastic
d) if the firm increases the price to £7, is the total revenue increasing or reducing?

In: Economics

2. Assume that the demand for cosmetic or plastic surgery is price inelastic. Are the following...

2. Assume that the demand for cosmetic or plastic surgery is price inelastic. Are the following statements true or false? Explain.

e. If more plastic surgery is performed, expenditures on plastic surgery will decrease.

f. The marginal revenue of another operation is negative.

In: Economics

With the aid of a diagram, discuss the concept of scarcity, opportunity cost and unemployment for...

With the aid of a diagram, discuss the concept of scarcity, opportunity cost and unemployment for a hypothetical economy producing cars and potatoes. 1.2 Define price elasticity of demand and use a diagram to illustrate the relationship between price elasticity of demand and total revenue.

In: Economics