Automobiles had an average cost of $16,000 in 2013. Average cost of the same automobiles now is $20,000. What is the rate of increase for these automobiles between the two time periods?
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Automobiles had an average cost of $16,000 in 2013. Average cost of the same automobiles now is $20,000. What is the rate of increase for these automobiles between the two time periods?
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- In 2013 selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now $20,000. What was the rate of increase for these automobiles between the two time periods?The average seling price of a new vehicle in the United States last year was $53,360. If the average price ten years earlier was $43,600, what was the annual increase/decrease in the selling price over this time period?During year 1, the sales and Cost of goods sold were GHS 6,00,000 and GHS 4,30,000 respectively. Next year, the sales are expected to increase by 10%. The Cost of goods sold for next year would be
- Smith Corporation had Sales of $2,350,000 in 2021 and $2,125,000 in 2020. Cost of Good Sold were $1,400,000 in 2021 and $1,325,000 in 2020. a. What was the percentage change in Sales year to year? b. What was the percentage change in Cost of Goods Sold year to year? c. Relative to the percentage in Sales, would you say the percentage change on Cost of Goods Sold was favorable or unfavorable? d. Is this an example of horizontal or vertical analysis?For many years, college cost (including tuition, fees, room, and board) increases have been higher than the inflation rate, averaging 5% to 8% per year. According to the College Board’s Trends in College Pricing, the average total costs in 2015 dollars were $19,548 for students attending in-state 4-year public colleges and universities and $43,921 for students at 4-year private colleges and universities. Assume an additional $4000 per year for textbooks, supplies, transportation, and other expenses. Using a 7% per year inflation rate, (a) how much can a sophomore high-school student expect to spend on in-state tuition, fees, room, and board for the freshman year (3 years from now) at a 4-year public university, and (b) what is the estimated total cost for the second year at the university, if textbooks, supplies, etc. also increase at 7% per year?ROS Corporation sold 9,000 flashlight umbrellas in 2020. Their expected units to be sold this year is 10,000 units. What is the percentage change in sales volume? The variable expenses of wearable air purifiers last year amounted to Php500,000. The entrepreneur projects a 2.25% increase in sales volume. What is the projected variable expense?
- If the annual cost of goods sold is $30,000,000 and the average inventory is$5,000,000,a. What is the inventory turns ratio?b. What would be the reduction in average inventory if, through better materialsmanagement, inventory turns were increased to 10 times per year?c. If the cost of carrying inventory is 25% of the average inventory, what is the annual savings?A particular truck in a transportation fleet was driven 95,250 miles last year. In comparison, it was driven 44% less this year. How much was the truck driven this year?In 2012, every dollar (100¢) spent on grocery items was broken down as follows: Labor = 38.5¢ Farm value of food products = 19.5¢ Advertising and packaging = 12¢ Transportation = 7.5¢ Rent and insurance = 7¢ Taxes = 6¢ Depreciation and repairs = 5¢ Profit = 4.5¢Assume the transportation cost increases by 10% per year and the labor cost increases by 4% per year for five years, with all other costs remainingconstant. Determine the percent profit in the years 2012 and 2017, assuming the profit amount remains at 4.5¢.
- Your company has sales of $97,200 this year and cost of goods sold of $71,200. You forecast sales to increase to $113,100 next year. Using the percent of sales method, forecast next year's cost of goods sold.If the number of workers in auto assembly in Canada declined by 32% from its peak at the end of 1999 to the beginning of 2011, what was the compound annual rate of attrition in the field during this period? (Do not round intermediate calculations. Round your percentage answer to 2 decimal places.) The number of workers declined at the rate of %compounded annuallyIf the sales this year amounted to P500,000, sales this year at last year's prices is P460,000, the cost of sales this year is P300,000, and the cost of sales this year at last year's price is P260,000. How much is the gross profit variation due to the sales price factor?