Business, 26.11.2020 03:50 juliahbaratt2717

A company had net sales of $760,200 and cost of goods sold of $547,400. Its net income was $19,340. The company's gross margin ratio equals:.a. 18.2%.b. 25.4%.c. 28.0%.d. 35.3%.e. 38.9%.2. The monetary unit assumption means that all companies doing business in the United States must express transactions and events in US dollars. A. TrueB. False3. Paid-in capital is the total amount of cash and other assets the corporation receives from its stockholders in exchange for its stock. A. TrueB. False'

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1. A company had net sales of $760,200 and cost of goods sold of $547,400. Its net income was $19,340. The company's gross margin ratio equals:

c. 28.0%.

2. The monetary unit assumption means that all companies doing business in the United States must express transactions and events in US dollars.

A. True

3. Paid-in capital is the total amount of cash and other assets the corporation receives from its stockholders in exchange for its stock.

A. True

Explanation:

Gross profit margin is calculated by dividing the gross profit by the sales and multiplying by 100. In this case, the gross profit is $212,800 ($760,200 - $547,400). The amount, $212,800, then divided by $760,200 and multiplied by 100 to obtain approximately 28%.

The dollar is the monetary unit for all business transactions conducted in the United States. The accounting assumption behind the monetary unit means that all transactions conducted in the United STates are reported in dollars.

Answer from: Quest

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Answer from: Quest

fractionally backed paper money

fiat money

paper money

metallic money

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A company had net sales of $760,200 and cost of goods sold of $547,400. Its net income was $19,340....

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