Sarah's Salon has seen its Gross Margin increase this year to 55%. Last year it was at

Fantastic news! We've Found the answer you've been seeking!

Question:

Sarah's Salon has seen its Gross Margin increase this year to 55%. Last year it was at 45%. What does this mean? Explain.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: Feb 22, 2024 12:00 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...
1. Farmer Annie's Ice Cream Shop has calculated the marginal product of labor, and the results are shown in the following table. The wage for workers is $70 per day, and the pints of ice cream sell...
Identify how to properly expand the office; the strategic plan needs to determine the problems we face. The company needs to grow in a time frame that is not to exceed two years while given a budget...
A city acquires $1 million of public safety emergency communication equipment by entering into a capital lease. The city divides its rst rent payment of $ 135,868 between lease interest and lease...
Consider the stock of Examples 14.3 and 14.4, which has $\sigma=.20$ and an initial price of $\$ 62$. The interest rate is $10 \%$, compounded monthly. Consider a 5-month option with a strike...
A TV costs $900 including 20% sales tax. Find the new price if tax is reduced to 15%.
The David Derrick Insurance company wants to sells a certain policy for $1000 to John Graham Jr. They know from historic data that there is a 1 in 100 chance John will file a $20,000 claim, a 1 in...
P Co acquired interests in Silver Co. The current financial statements are shown below. All figures are in dollars, unless as otherwise indicated. Additional information 1. The under-valued inventory...
A small business owner has a taxable income of CAD 120,000 for the tax year 2022. The business owner is eligible to claim various tax deductions, including business expenses, capital cost allowance,...
Cardinal Company is considering a project that would require a $2,800,000 investment in equipment with a useful life of five years. At the end of five years, the project would terminate and the...
A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Date Direct Materials Direct Manufacturing Labor Overhead Beg. bal. Jan. 1 7,000 8,000 5,600 8 8,000 12 9,000 7,200...
Suppose gasoline and electric vehicles are substitutes. Use supply and demand models to illustrate what happens in the gasoline vehicle market when a technological battery advancement occurs in the...
The standard cost of product 999 includes 2 units of direct materials at $5.80 per unit. During August, the company bought 27,100 units of materials at $6.00 and used those materials to produce...
Discuss elements of uncertainty for internal shareholders that remain or are introduced when using CVP analysis to evaluate profits and revenue such as profit planning and break-even planning. Please...
The circular plate rotates around its axis at constant angular velocity. The particle on the plane is moving away from the center of the plane at constant velocity vo. What is the equation of the...
A bar of a steel alloy that exhibits the stress-strain behavior shown in Figure 6.22 is subjected to a tensile load; the specimen is 375 mm (14.8 in.) long and has a square cross section 5.5 mm (0.22...
Calculate the amount of the child and dependent care credit allowed for 2012 in each of the following cases, assuming the taxpayers had no income other than the stated amounts. a. William and Carla...
Jim is fired from his job as a waiter and decides to take an extended trip to Europe. After touring Europe for 3 months, Jim returns to look for a new job as a waiter. Are his job-hunting expenses...
Bea Jones (age 32) moved from Texas to Florida in December 2011. She lives at 654 Ocean Way, Gulfport, FL 33707. Bea's Social Security number is 466-78-7359 and she is single. Her earnings and income...
Write a one-page summary addressing the topic, How improving safety and health at the Hotel Paris will contribute to us achieving our strategic goals.
Based on what you read in this chapter of Dessler, Human Resource Management, whats the first step you would have advised the Hotel Paris to take as part of its new safety and health program, and why?
How would you suggest the Carters get all employees to behave more safely at work? Also, how would you advise them to get those who should be wearing goggles to do so?

Sarah's Salon has seen its Gross Margin increase this year to 55%. Last year it was at

Question:

Expert Answer:

The increase in Sarahs Salons gross margin from 45 to 55 indicates an improvement in the profitabili... View the full answer

Income Tax Fundamentals 2013

Students also viewed these accounting questions