Calculate the gross profit percentage. (Round your answer to two decimal places.)
Danby, Inc. provides the following data from its income statement for 2018:
A) 18.42%
B) 64.81%
C) 100.00%
D) 35.19%
B) 64.81%
Gross profit percentage = Gross profit / Net sales × 100 = $350,000 / $540,000 × 100 =
64.81%
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Michael Porter proposed that business-level strategies originate with the primary competitive forces in the firm's environment; these forces are
A. the threats of new entrants and the bargaining power of buyers and suppliers. B. the threats of substitute products and the services and competitive rivalries. C. the threats of new entrants and substitute products or services, the bargaining power of suppliers and buyers, and competitive rivalries. D. the threats of government paperwork and tax increases, the bargaining power of suppliers, and competitive rivalries. E. the bargaining power of suppliers.
What is the value equation? Identify its various components and explain how the equation relates to a company's pursuit of competitive advantage
What will be an ideal response?
The total fixed overhead variance is comprised of the
A) variable overhead efficiency and fixed variances. B) fixed overhead budget and volume variances. C) labor efficiency and rate variances. D) fixed overhead spending and efficiency variances.
The ______ collaborative alliance with foreign firms within an international organization is usually limited in scope and has no contractual requirement.
A. informal B. formal C. joint ventures D. mergers