For the period from 2019 to​ 2020, a company reports the​ following: Percentage change in sales 30​% increase Percentage change in cost of goods sold 20​% increase Percentage change in gross profit 25​% increase If sales are $5,000,000 in​ 2019, what are sales in​ 2020?

Answers

Answer 1

Answer:

If sales are $5,000,000 in​ 2019, the sales in 2020 will be

$6,500,000

Explanation:

a) Data and Calculations:

                                                 2019     2020      Change

Percentage change in sales    100%     130%     30​% increase

Percentage change in cost of

  goods sold                             100%    120%     20​% increase

Percentage change in

 gross profit                             100%    125%     25​% increase

Sales are in​ 2019 =       $5,000,000   $6,500,000 ($5 million * 130/100)

Alternatively, the 30% increase can be computed, to get $1,500,000 ($5,000,000 * 30%).  This change in sales is then added to the 2019 sales figure to get $6,500,000, which is the sales in 2020.


Related Questions

for personal finance course

Answers

.E) This would be the correct answer

Comment on the​ firm's liquidity over the 2016 ​- 2017 period. ​(Select the best answer​ below.) A. The pattern exhibits a reasonably stable trend. B. The pattern indicates that Bauman​ Company's ability to satisfy its​ short-term obligations has improved over the years. C. The pattern indicates that Bauman​ Company's speed to convert various accounts into sales or cash has improved over the years. D. The pattern indicates a deteriorating liquidity position.

Answers

The pattern of the liquidity of the firm shows that The pattern indicate deteriorating liquidity position because liquidity ratio is decreasing year by year.

What is meant by liquidity?

This is the term that has to do with the ease through which it would be able to convert assets to be come money. It could also be the ability to convert other forms of capitals to money. Cash is a liquid asset and can be said to be the most liquid of all assets.

Hence we can say that the firms liquidity from the period that we have here is indicative of deteriorating liquidity position because liquidity ratio is decreasing year by year.

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What are stakeholder capitalism and shareholder capitalism?

Answers

Stakeholder capitalism is a system in which corporations are oriented to serve the interests of all their stakeholders. ... Supporters of stakeholder capitalism believe that serving the interests of all stakeholders, as opposed to only shareholders, is essential to the long-term success and health of any business.

Dwight is an art history major, but he is attending a seminar on quantum physics with his roommate. What part of listening would he have the MOST trouble with at the seminar?

responding


broadening


hearing


comprehending

Answers

Based on the fact that Dwight is an art history major, the part of listening that he is most likely to have trouble with is comprehending.

Why would comprehending be challenging?

When engaged in listening, the part of comprehending often requires that the listener has background knowledge about what the speaker is saying. That way they are able to use that knowledge to understand the speaker better.

Dwight is an art history major and not studying anything related to physics so he would most likely find comprehension difficult in the seminar.

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Suppose a country's labor force is 153.9 million (of whom 139.1 million are employed). What is the country's unemployment rate?

Answers

Answer:

Explanation:

a) Data and Calculations:

Country's labor force = 153.9 million

Employed labor = 139.1 million

Unemployed labor = 14.8 million (153.9 - 139.1)

Unemployment rate = Unemployed labor/Country's labor force * 100

= 14.8/153.9 * 100

= 9.62%

b) This country's unemployment rate is the percentage of the total labor force that is unemployed but those unemployed people are actively seeking work.  This implies that the rate considers only the proportion of the country's labor force that is not currently employed but it could be employed when economic situations change because those involved are willing to work.  Therefore, the computation of this rate excludes those who are not actively seeking paid work.

Which of the following categories of workers is not covered under OSHA's Hazard communication Standards?

A) Production engineers manufacturing car batteries.
B) A technician servicing copy machines for most of the day.
C) A receptionist changing the toner in a copy machine
D) Health care workers exposed to latex and disinfectants

Answers

Answer:

Alternative A is the answer - production engineers manufacturing car batteries.

C Co. reported a retained earnings balance of $200,000 at December 31, 2017. In September 2018, C determined that insurance premiums of $30,000 for the three-year period beginning January 1, 2017, had been paid and fully expensed in 2017. C has a 30% income tax rate. What amount should C report as adjusted beginning retained earnings in its 2018 statement of retained earnings

Answers

Answer:

$214,000

Explanation:

The computation of the amount that report as adjusted opening retained earning is shown below:

Per year insurance premium is

= $30,000 ÷ 3 years

= $10,000

Now the beginning retained earning would be understated by

= ($30,000 - $10,000) - ($200,000 × 30%)

= $20,000 - $6,000

= $14,000

Now the amount adjusted is

= $200,000 + $14,000

= $214,000

An example of a cost that is likely to have a direct relationship with products being manufactured is

Answers

Answer:

An example of a cost that is likely to have a direct relationship with products being manufactured is:

direct cost of raw materials.

Explanation:

Other direct costs that affect the cost of the products directly are direct labor costs and direct overhead costs.  They are traceable to the products being manufactured.  This is why they are called direct costs.  They can be attributed to the unit of production.  The opposite is the indirect  costs of raw materials, labor, and overheads.  These costs cannot be traced to units of the product being produced.

The Domingos family bought a new refrigerator. How much more or less is the amount they spent than the amount they budgeted?Budgeted: $1,345.60 Spent: $1,354.66

Answers

Budget: 1,345.60$
Spent:1,355.66$
Subtract
=10.06$

According to government surveys, about _____ of all U.S. business owners choose to run their businesses primarily out of their home.
a. 35 percent
b. 25 percent
c. half
d. 10 percent

Answers

Answer:

Half

Explanation:

As per online research, the latest data indicate that over 50 percent of business owners choose to operate from home. As high as 79 percent as started at home. After three and a half years of operation, over 50 percent prefer to work from home.

A company is selling cookies for $3 per bag. The ingredients costs $9.3 and can make 37 bags with the ingredients. How much profit per bag is she going to make?

Answers

Answer: $2.75 profits per bag

Explanation:

9.3/37 in order to find how much it costs her per bag to make.

This equals approx .25 cents

Then subtract this from $3 in order to get how much profit per bag she makes.

Abby consumes only apples.

Answers

Answer: she probably loses roughly 3 to 5 lbs in a week doing this. That is if you keep the apple intake low and don't over eat on apples. I would say keep intake to under 10 apples.

Explanation:

I don't know how this is a questions but here you go anyways...... 0 w 0

Sheffield Corp. has equipment with a carrying amount of $2500000. The expected future net cash flows from the equipment are $2545000, and its fair value is $2036000. The equipment is expected to be used in operations in the future. What amount (if any) should Sheffield report as an impairment to its equipment?

Answers

Answer:

No impairment loss would be reported

Explanation:

The computation is shown below;

Impairment loss = carrying value - recoverable amount

Where,

The recoverable amount would be the higher amount of fair market value and value in use

So the recoverable amount would be $2,545,000

Now the impairment loss is

= $2,500,000 - $2,545,000

= -$45,000

Since the impairment loss comes in negative so no impairment would be recorded

You purchased a share of stock for $53. One year later you received $3.00 as dividend and sold the share for $52. Your holding-period return was

Answers

Answer:

the holding period return is 3.77%

Explanation:

The computation of the holding period return is shown below:

Holding period return is

= (Income + (Selling price - Purchase price)) ÷ Purchase price

= ($3 + ($52 - $53)) ÷ 53

= 3.77%

Hence, the holding period return is 3.77%

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

If you were running the clothing or grocery store, which buying method would you prefer to use? Why? (1-4 sentences. 1.0 points)​

Answers

If I was running a clothing or grocery store, I would prefer to use a debit card or credit card, whatever form of card other than cash so it could be easier for the cashiers AND the customers to pay quick.. I would also set up an atm

An appraiser finds that the subject property—a 10-unit apartment building—has historical vacancy and loss rates of nearly 40%. Comparable properties in the area have rates that are typically about 20%. The subject property suffers from poor management, but is otherwise in good physical condition. How should the appraiser set the vacancy and loss rate used in the appraisal?

Answers

The appraiser set the vacancy close to 20% to align with the market.

A task emptiness is described as a paid post this is newly created, unoccupied, or about to become vacant: for which the company is taking lively steps and is ready to take additional steps to find a suitable candidate from out of doors the business enterprise worried.

The definition of a vacancy in the nation as being empty or available refers to empty and unintelligent thoughts. Whilst a motel has room to be had that a guest can lease, this is an example of emptiness.

Employers commonly advertise sorts of vacancies: everlasting roles, and contract roles. The key difference is that human beings in everlasting roles are market personnel, whilst humans in agreement roles are normally self-hired.

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Write a workplace story using these words Visualization Values Transferable skills Talents Sympathy Superior attitude Strength Stimulus Stereotyped Skills Self-observation Self-esteem Self-control Self-concept Reward technique Responsibility Respect Punishment technique Prejudice Personal Characteristics Performance Needs Mature attitude Loyalty Learning Styles Leadership Interpersonal Interest inventory Interdependence Integrity Inferior attitude Human relations Global Awareness Flexibility Feedback Empathy Emotional Intelligence Discrimination Dependability Defeatist attitude Consequences Change Bias Attitudes Aptitudes Affirmation Adaptability Achievement Abilities

Answers

In writing an essay you must consider the structure of the essay, Hence, the structure of the essay should be considered;

The Introduction The bodyThe conclusion

This is further explained below.

What is a workplace?

Generally, A place of employment, often known as a workplace, is an environment in which an individual does work for either an employer or for themselves.

A home office, a huge office building, or even a factory may fit the bill for this kind of location.

In conclusion, with the format above you are to incorporate  these words

"Visualization Values Transferable skills Talents Sympathy Superior attitude Strength Stimulus Stereotyped Skills Self-observation Self-esteem Self-control Self-concept Reward technique Responsibility Respect Punishment technique Prejudice Personal Characteristics Performance Needs Mature attitude Loyalty Learning Styles Leadership Interpersonal Interest inventory Interdependence Integrity Inferior attitude Human relations Global Awareness Flexibility Feedback Empathy Emotional Intelligence Discrimination Dependability Defeatist attitude Consequences Change Bias Attitudes Aptitudes Affirmation Adaptability Achievement Abilities"

in your essay, by crafting your essay around them specifically

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Which questions about risk should someone ask before making a big purchase? Check all that apply.
What problems are most likely to happern?
OWhat can be done to avoid liability
OWhat could go wrong?
OWhat problems could be most damaging?
OWhat option has no risk?

Answers

Answer:

A

Explanation:

If you need buy it, if it's a want not a need don't buy it

You should apply for several credit cards and use them even if you don't need them
in order to build your credit history.

True or False

Answers

It is a false statement that you should apply for several credit cards and use them even if you don't need them in order to build your credit history.

What is a credit history?

This refers to the record of the borrower's repayment of debts. It entails the record of the borrower's credit history from a number of sources including from the banks, credit card companies, collection agencies,  governments etc.

Most time, the number of credits cards we carry likely will not have an effect on your score in isolation as well as avoid to applying for several new credit cards at one time because it can negatively impact your credit score in the short term, therefore, It is a false statement that you should apply for several credit cards and use them even if you don't need them in order to build your credit history.

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Guerilla Radio Broadcasting has a project available with the following cash flows : Year Cash Flow 0 −$15,700 1 6,400 2 7,700 3 4,500 4 4,100 What is the payback period?

Answers

Answer: 2.36 years

Explanation:

Payback period is the amount of time it will take to pay off the initial investment/ outlay which in this case is $15,700.

= Year before investment is paid + (Amount remaining/ Cashflow in year of Payback)

Add up the cashflows to find the year before payback;

= 6,400 + 7,700

= $14,100

Year before payback = 2

Amount remaining;

= 15,700 - 14,100

= $1,600

Payback period = 2 + (1,600/ 4,500)

= 2.36 years

Life insurance that covers an insured’s whole life with level premiums paid over a limited time is called:

Answers

Limited-pay life !!!!!

After Polly Shrum sells a stock, she avoids following it in the media. She is afraid that it may subsequently increase in price. What behavioral characteristic does Shrum have as the basis for her decision making?
A. Representativeness.B. Anchoring.C. Fear of regret.

Answers

Answer:

C. Fear of regret.

Explanation:

In the given situation, the fear of regret should be chosen as the investor is afraid and she regret about her decision for selling the stock in the case when the price of the stock rises

Therefore as per the given situation, the option C is correct

And, the other options are incorrect

The same is to be considered

If the government sets a quota of 300 pounds of fish caught per day, then fish will sell for ________ more per pound than the cost of catching the fish.

Answers

Answer:

$20 per pound

Explanation:

According to the attached diagram as we can see that the government sets a quota of 300 pounds for caughting a fish per day due to which the selling price is rised from $30 to $50

Also more than 300 pounds of fish would not be caught per day

Therefore the difference of $20 would be considered

hence, the fish would sell for $20 per pound more

Studies show that OSHA employees fail to properly inspect and regulate many workplaces, primarily because they do not have __________.

Answers

Answer:

Studies show that OSHA employees fail to properly inspect and regulate many workplaces, primarily because they do not have __________.

sufficient resources.

Explanation:

OSHA means Occupational Safety and Health Act.  The law was passed in 1970 to protect workers rights to safe working environments and to promote good health of workers.  OSHA employees are expected to properly inspect and regulate all workplaces.  But lack of resources (human, material, and financial) have hindered the attainment of the objectives of the law.  The OSHA employees have also faced challenges from employers who would rather not comply with workplace safety regulations.

if management decides to buy the cupholders from outside suppliers rather than to continue making the part, what would be the annual financial advantage

Answers

The correct answer to this open question is the following.

Although there are no options attached, neither a case nor example for reference, we can comment on the following.

If management decides to buy the cupholders from outside suppliers rather than to continue making the part, the annual financial advantage would be that the company will save on fixed costs, the ones implied on hiring and paying people their salaries to produce the cupholders on a monthly basis. Also, the costs of machines to fabricate them.

That is why companies have to smartly decide about the so-called "make-or-buy decision." The best recommendation to make the correct decision is to apply a quantitative analysis.

You place $4000 into an account paying 8% compounded annually. Inflation is expected to be 2.5% during each of the next three years. What is the account's value at the end of the 3 years in Year-O (constant) dollars?
a. $2029
b. $5040
c. $5428
d. $4680

Answers

Answer:

FV= 4,680

Explanation:

Because it is in constant dollars at year 0, we need to take into account the effect of the inflation rate on the investment. The inflation rate decreases the value of money through time. Therefore we need to subtract the inflation rate from the interest rate.

Real interest rate= 0.08 - 0.025= 0.055

Now, future value using the following formula:

FV= PV*(1+i)^n

FV= 4,000*1.055^3

FV= 4,000*1.17

FV= 4,680

A bidding firm, A, is worth $27,000 as a stand-alone entity. A target firm, B, is worth $12,000 as a stand-alone entity, but $18,000 if it is acquired and integrated with Firm A. Several other firms are interested in acquiring Firm B, and Firm B is also worth $18,000 if it is acquired by these other firms. If A acquired B, would this acquisition create value

Answers

Answer and Explanation:

The computation is shown below:

In the case when A purchased B, so the value would be created for

= $18,000 - $12,000

= $6,000

This represents that if a Firm B purchased By firm A that values at $18,000 i.e. $6,000 more than the stand alone to firm B

Hence, the same is to be considered

we are twins me and streoberrie

Answers

Answer:

wow thats very cool nice

Answer:

thats not even u.. ion look like that either, dont b lying on the internet.

Explanation:

the picture i linked is me.

Varughese Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $40,000. The excess (deficiency) of cash available over disbursements for March will be:

Answers

Answer:

$24,000

Explanation:

Beginning Cash Balance       33,000

Budgeted Cash Receipt        182,000

Total Available Cash                                       215000

Less: Cash Disbursements                             -191,000

Total excess (deficiency) of cash available  $24,000

Jane reported to her company about a growing mold issue in the building where she works. As a result, Jane was suspended from work without pay. To whom can Jane report the retaliation for assistance?

Answers

Answer: c. Occupational Safety and Health Administration

Explanation:

Jane can go to the Occupational Safety and Health Administration (OSHA) to report the retaliation because through OSHA, the Federal Government offers protection to employees who are retaliated against for reporting unsafe working conditions.

Indeed Section 11(c) of the Occupational Safety and Health (OSH) Act deals specifically with that by prohibiting any retaliation against employees who report or complain about conditions at work that could be unsafe or unhealthy.

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