Trios Corporation has three departments: Fine Art, Fine Jewelry, and Fine Furnishings. If the Fine Art Department has a gross profit of $3,804,096 and a gross profit percentage of 48%, what is the dollar amount of sales in the department?
a. $9,430,000; b. $7,925,200; c. $7,315,570;
d. $1,825,966; e. cannot be determined from the information given
B
Use the following information for questions 9 and 10:
The Hardware Department of HD&L Products shows net sales of
$3,500,000, cost of goods sold of $1,780,000, and operating expenses of
$1,400,000 . The Paint Department has net sales of $4,720,000, cost of goods sold of $3,100,750, and operating expenses of $149,000 .
You might also like to view...
Although CRM systems can provide the most sophisticated relationship-building data, even manual systems that make notes of customer preferences can move companies toward enhanced customer value
Indicate whether the statement is true or false
An operational process system is characterized by a small number of homogeneous products passing through a series of processes, where each process is responsible for one or more operations that bring a product closer to completion
Indicate whether the statement is true or false
This question contains several parts; be sure to answer each. First, define and explain the four types of reinforcement, including their effect on behavior. Next, imagine that you manage several hundred flight attendants as a flight services manager for a major airline. You have been receiving too many complaints about flight attendants being rude to passengers. In what ways might you use positive reinforcement to improve the situation? How might you use punishment?
What will be an ideal response?
A company issued rights to its existing shareholders to acquire, at $15 per share, 5,000 unissued shares of common stock with a par value of $10 per share. Common Stock will be credited at
a. $15 per share when the rights are exercised. b. $15 per share when the rights are issued. c. $10 per share when the rights are exercised. d. $10 per share when the rights are issued.