Jim had a very good quarter at his car lot with net sales reaching just over $456,000. this created a net income of $195,000. if jim's operating expenses last quarter were $23,000, what was his gross profit margin? a. 5.0% b. 37.7% c. 42.8% d. 47.8% please select the best answer from the choices provided a b c d
The gross profit margin of Jim given the net income and the net sales is 42.8%.
What is the gross profit margin?Gross profit margin is an example of a profitability ratio. Profitability ratios measures the efficiency with which a company generates profit from its asset.
Gross profit margin = gross profit / net sales
195,000 / 456,000 = 42.8%
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Answer:
c
Explanation:
Ensuring that policies and procedures facilitate good strategy implementation and execution is an important managerial task because\
In managerial task, policies and procedures help to facilitate good strategy implementation and execution because they place boundaries on independent behavior.
Who is a manager?A manager can be defined as an individual who has been trained to provide guidance, support, administrative control, and supervision to the employees who are working in a business organization, especially by being morally upright, well behaved and promoting the business's vison, culture, and values at all times.
As a managerial task, a manager should develop policies and procedures so as to facilitate good strategy implementation and execution because they place boundaries on independent behavior while providing a top-down guidance on how certain things should be done in a business organization.
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What type of résumé is most often used by someone who is changing careers or who has gaps in his or her employment history?.
When a person is seeking a career change, or has gaps in their employment history, they should use a functional resume.
What is a functional resume?This is a type that is designed in such a way as to cater for the needs of those who are changing careers.
It is also useful for those use have gaps in their employment history, or are looking to join the workforce.
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Customer support is when you provide a customer that has a question or needs help with technical assistance on how to use your products correctly.
Yes, the definition of customer support is correct
Hope that helps!
Answer:
Yup that's the meaning..
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Answer:
What about me i'm from philippines:<
Jones Company signed a 5-year note payable on January 1, 2019, of $100,000. The note requires annual principal payments each December 31 of $20,000 plus interest of 5%. The entry to record the annual payment on December 31, 2020, includes:
The entry to record the annual payment on December 31, 2020, by Jones Company is as follows:
Debit Note Payable $15,000
Debit Interest Expense $5,000
Credit Cash $20,000
How do you record annual payments?Annual payments can be recorded by debiting the accounts that receive the value and crediting the account that gives value as above.
Data Analysis:Note Payable = $100,000
Maturity period = 5 years
Date of Issuance = January 1, 2019
Principal repayment plus interest = December 31
Interest rate = 5%
Annual Interest in dollars = $5,000 ($100,000 x 5%)
Note Payable $15,000 Interest Expense $5,000 Cash $20,000
Thus, the entry to record the annual payment on December 31, 2020, by Jones Company is debits to Note Payable ($15,000) and Interest expense ($5,000), and a credit to Cash account ($20,000).
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Xavier is developing a media plan to derive maximum results from his media expenditures. Xavier is using _______ to go beyond human ability to make media decisions by matching the target audience to the right media selection for an effective plan.
Based on the fact that Xavier is using a media plan and want so get the best results, he makes use of artificial intelligence to make the best decisions.
What is Artificial Intelligence?This refers to the use of computer systems that are able to perform tasks without human command such as speech recognition, decision-making, etc.
Hence, because we are told that Xavier is going beyond human ability with his media decisions to control his expenditures, we can infer that he is making use of artificial intelligence.
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Naomi is an entrepreneur of skin care products specializing in face mask. She just started the business and plans to sell only withing her city. If you are Naomi, which pricing strategy do you think would best fit for the product and what distribution channel would you choose?
The valued pricing strategy is the best pricing strategy and the Direct selling is the best distribution channel for the skin care products.
What is a pricing strategy?It refers to the method that is used to establish the best price for a product or service.
The valued pricing strategy will help her fix the best price that is proportionate to the value of the Skin care product while the direct selling will connect her directly to her client.
Therefore, the word "valued pricing strategy" and "direct selling" is correct.
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Fred's, a national supermarket chain, sells its own brand of items across all categories. Such items are considered ________ brands.
Fred's, a national supermarket chain, sells its own brand of items across all categories. Such items are considered private brands.
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Open market purchases raise the ________ thereby raising the ________.
Open market purchases raise the monetary base thereby raising the money supply.
A project's IRR is independent of the firm's cost of capital. In other words, a project's IRR doesn't change with a change in the firm's cost of capital.
A. True
B. False
A project's IRR doesn't change with a change in the firm's cost of capital. This is true.
What is IRR?
IRR stand for the Internal rate of return. The internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested.
The cost of capital is not used in calculating the IRR.
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Expansionary fiscal policy involves a. increasing taxes or decreasing government purchases. b. increasing the money supply and decreasing interest rates. c. decreasing the money supply and increasing interest rates. d. increasing government purchases or decreasing taxes.
In Economics, expansionary fiscal policy involves: B. increasing the money supply and decreasing interest rates.
The types of fiscal policy.Generally, there are two (2) main types of fiscal (monetary) policy that are used across the world and these include the following:
Contractionary fiscal policy.Expansionary fiscal policy.In economics, an expansionary fiscal (monetary) policy is a type of policy that involves an increase in money supply while decreasing interest rates. Thus, it can be used by the government to increase the amount of credits that is available within a particular country's economy and at a specific period of time.
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Give two examples of products sold in perfectly competitive markets and two examples of products sold in monopolistically competitive markets.
Apples and oranges are perfectly competitive products, while Ralph Lauren cologne and Maybelline cosmetics are monopolistically competitive products.
Perfectly Competitive Markets and Monopolistically Competitive MarketsA perfectly competitive can be described as a market in which there are many buyers and sellers, no transaction costs, no barriers to entry and leave, homogeneous products, no market control by a single firm, and perfect information about the price of a good.
Two examples of products sold in perfectly competitive markets are Apples and oranges.
A monopolistically competitive market is one in which several producers compete against one another, yet sell items that differ from one another and are thus not perfect substitutes.
Two examples of products sold in monopolistically competitive markets are Ralph Lauren cologne and Maybelline cosmetics.
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Dole Food Company uses a(n) __________ brand to market the company's entire line of food products, including canned fruits, and packaged salads.
Dole Food Company uses a family brand to market the company's entire line of food products, including canned fruits, and packaged salads.
What do you mean by family brand?A family brand is considered as a brand for the products in one or more product lines.
Dole Food Company is an American - Irish agricultural multinational corporation headquartered in Ireland.
The company is the largest producer of fruit and vegetables in the world, operating with 74,300 full-time and seasonal employees who are responsible for over 300 products in 90 countries
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To make this proprietary information available to sales reps to share with customers concerns Thad because of the risk of information getting to his company's competitors. What would theoretically protect the information in this scenario
The non-disclosure agreement is an arrangement that prevent any information available to sales representative to be shared to the company's competitor through the customers.
What is a non disclosure agreement?This is an agreement made in a contract that establishes a confidential relationship between the contracting parties.
In the contract, the party signs that any sensitive information they obtain will not be made available to any others.
Therefore, the agreement is what prevent leak of information to the company's competitors.
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The more money you invest in a 401k the ___ you will have when you retire
A. More time
B. More money
C. Less time
D. Less money
The more money a person invest in a 401k, the more money he will have when he retires.
What is 401k?A 401(k) plan is a defined-contribution pension account sponsored by an employer and defined in section 401(k) of the Internal Revenue Code. This is the plan of the United States.
Employee money is deducted directly from their paycheck, and the company may match it. Traditional 401(k)s and Roth 401(k)s are the two varieties (k).
Here the employee receive more money when he retires, and before that he will have to invest more in 401k plan.
Therefore, the employee should have invested more to receive more money at the time of his retirement.
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Simon bought a computer and made monthly payments. by the end of the month, simon had no money left for groceries. which step in the decision-making process should simon now take? taking action. making a decision. evaluating results. gathering information.
The less the money left by Simon at the end of the month after the monthly payments made him take the step of evaluating the results.
What is the five-step problem-solving process?The five-step problem-solving has been given as the step that enables the person to evaluate the problem and find the solution. The steps involved are:
Evaluate the problemSearch alternativesFind the best alternativeMake the decisionEvaluate the resultThe step taken to Simon to buy the computer has been the decision-making, thus after the monthly payment, Simon had to evaluate the result of his decision. Thus, option C is correct.
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Answer:
C. Evaluating Results
Explanation:
edge
You are troubleshooting a wireless token ring network and use the network's beaconing feature to try to repair the problem. However, once this process finishes, you still have connection issues. What are two potential problems that could be causing the issue? (2 points)
Answer:
I think using a different feature other than the beaconing feature, like clearing the interface privileged exec command to reset the Token Ring interface and reinsert the router into the ring. and another way is to the open lobe fault message appears on the console at system power-up, check the cable connection to the MAU.
Explanation:
My suggestion is to reset the Token Ring interface and re-insert the router into the ring using a function other than the beaconing capability, such as clearing the interface privileged exec command. Another method is to examine the cable connection to the MAU if the open lobe fault notice shows on the console upon system power-up.
What is WTRP-Wireless Token Ring Protocol?A medium access control (MAC) protocol for wireless networks is called WTRP (Wireless Token Ring Protocol). In wireless networks, the MAC protocol is crucial for allowing mobile stations to share a single broadcast channel. Due to concealed terminals, a partly linked network design, and random access, the congestion across stations in an IEEE 802.11 network is not uniform.
Quality of service (QoS) is therefore not offered. Bounded latency and reserved bandwidth, which are essential real-time limitations for the applications, are supported by WTRP in terms of assured QoS. WTRP is effective in that it lessens the frequency of retransmissions brought on by accidents. The fact that each station uses the channel for the same length of time makes it fair.
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Develop a training budget assuming that the trainer is paid $140 per hour, that 8 hours are needed to develop training materials, and that the 5 workers earn $18 per hour including overhead. Present the alternatives in memo form to the business owner, and identify any additional information that should be taken into account when choosing between the two training schedules
The budget for training can be developed for the five workers as explained below:
What is Budget?A budget is the calculation or prediction of the cashflows expected to occur in the next period, there are many types of budgets for example, cash budget, sales budget and expense budget.
The budget for the given scenario is calculated as follows.
The trainer will take $140 per hour and training requires 8 hours
$140 * 8hrs = $1,120.
While the workers earn $18 per hour and there are 5 workers, this is a sunk cost as the employees will be paid whether they attend the training or not but while in the training the workers will not be contributing towards the earnings of the company so this will be considered as an expense.
$18 * 5 workers * 8 hrs = $720.
Adding the two expenses provide $1,840 ($1,120 + $720)
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Henry's company decided to introduce a line of winter clothing to its product mix available in South Africa. One year later, the line was removed from the mix since it failed to sell. What was the most likely reason this product failed to sell in South Africa
The most likely reason this product failed to sell in South Africa is because the products were not suitable for the market.
What is a market?A market simply means a medium where goods and services are bought and sold.
In this case, the most likely reason this product failed to sell in South Africa is because the products were not suitable for the market.
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When Dunkin’ Donuts participates in National Donut Day by giving away a free classic donut, it is using which channel of IMC strategy?
When Dunkin’ Donuts participates in National Donut Day by giving away a free classic donut, it is using which channel of IMC strategy?
⇒ public relation advertising
Hope that helps!
Which ad format is available on a Smart Shopping campaign but not a Standard Shopping campaign? certification
Certification campaign is the ad format is available on a Smart Shopping campaign but not a Standard Shopping campaign.
What is certification campaign?This certification campaign serves as a subtype campaign that combines Standard Shopping and display remarketing campaigns.
This type of.l campaign uses automated bidding and ad placement to promote your products.
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Beginning in 2001, one of the goals of the war in afghanistan was to use force to seize oil supplies. contain the spread of communism. weaken the threat posed by al-qaeda. remove saddam hussein from power.
Beginning in 2001, one of the goals of the war in Afghanistan was to weaken the threat posed by al-Qaeda.
What was the reason behind the Afghanistan war in 2001?The purpose of the war was to make their nation's government take action against the Taliban and secure citizens from their attacks.
Therefore, the US used its military power to de-terrorize Afghan and make the nation democratic and peaceful.
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Answer:
c. weaken the threat posed by al-queda
Explanation:
i just took test edge 2022
How does a weak currency give a country an unfair advantage in trade?.
Answer:
From the countries point of view with the weaker currency, their goods are relatively cheaper to other countries, and other countries goods are relatively more expensive to this country (Say Country A) as they have a weaker currency.
From the point of view of Country B, with a stable currency, Country A's goods are relatively cheaper because they have a weaker currency.
Due to this scenarios, Country B will export less to Country A than import because Country B will be buying more of Country A's product as it is relatively cheaper. It will export less to Country A because Country B's products are relatively more expensive to Country A due to their weak currency.
In 1970, ______ percent of Americans were considered middle-class (with household incomes between two-thirds to two times the national median income) whereas only ______ percent fell into that category by 2015.
In 1970, 62 percent of Americans were considered middle-class (with household incomes between two-thirds to two times the national median income) whereas only 50 percent fell into that category by 2015.
What is the middle class?The middle class is one of the social classes in an economy.
The middle class is described as belonging to "households whose annual incomes are not less than two-thirds to double the U.S. median household income."
In the middle class, we find professional and business people and their families. It is the most critical class in an economy.
Thus, research shows that the middle class has been shrinking since the 1970s.
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David has a credit card with an apr of 13.59% and a 30-day billing cycle. the table below details david’s transactions with that credit card in the month of november. date amount ($) transaction 11/1 1,998.11 beginning balance 11/5 43.86 purchase 11/16 225.00 payment 11/23 61.21 purchase between the previous balance method and the daily balance method, which method of calculating david’s november finance charge will result in a greater finance charge, and how much greater will it be? a. the daily balance method will have a finance charge $1.59 greater than the previous balance method. b. the daily balance method will have a finance charge $0.40 greater than the previous balance method. c. the previous balance method will have a finance charge $0.96 greater than the daily balance method. d. the previous balance method will have a finance charge $2.55 greater than the daily balance method.
A credit card is a line of credit that can be used to borrow money, option c explains the solution.
What is the basic definition of a credit card?A credit card is a line of credit that can be used to borrow money to make purchases, transfer balances, and get cash advances, with the understanding that you will repay the money borrowed — plus any interest owed — at a later date.
Option c. The previous balance method will incur a $0.96 finance charge over the daily balance method.
Therefore, option c. explains the credit card.
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Jackie and Carolyn are working together to develop the operating budgets. If Jackie is working on the direct materials budget and Carolyn is working on the direct labor budget, what common information will they both need to complete their budgets
The common information will they both need to complete their budgets is The direct materials budget which direct labor budget includes the number of units to be produced, the expected labor hours required per unit, and the expected hourly wage rate.
How to calculate the material budget directly?Direct labor budgets are usually presented monthly or quarterly. The basic budget calculation is to import the number of production units from the production budget and multiply it by the standard number of hours worked for each unit.
To calculate this in units, apply another simple formula. Budget production level for period x. units of direct material required for each unit =
direct material of units required for production.
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People had been expecting the price level to be 120 but it turns out to be 122. In response Robinson Tire Company increases the number of workers it employs. What could explain this
The sticky price theory and sticky wage theory is the best explanation why the price level is 122 instaed of 120 with more employment.
What is the sticky price theory?This is the theory that teaches that the sellers of goods and services are reluctant to change their prices.
They are reluctant to change prices even though there may be changes in the cost of inputs used in production.
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In ________ teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.
In self managed teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.
What is self managed team?Self-managed team includes group of people a that work together to render a service or to sell and produce a good.
They do not work under any manage or require managerial supervision.
Therefore, In self managed teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.
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T-shirts Unlimited is conducting a breakeven analysis on unbleached cotton tops. Fixed costs are $100,000 and the per-unit contribution to fixed costs is $20. To break even, the company must sell ________ units. Group of answer choices 500 200 20,000 5,000
Assuming Fixed costs are $100,000 and the per-unit contribution to fixed costs is $20. To break even, the company must sell is:5,000 units.
Break evenUsing this formula
Break even=Fixed cost/ Per-unit contribution to fixed costs
Where:
Fixed cost=$100,000
Per-unit contribution to fixed costs=$20
Let plug in the formula
Break even=$100,000/$20
Break even=5000 units
Therefore to break even, the company must sell is:5,000 units.
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