The gross profit margin is a measurement of a company's manufacturing and distribution efficiency during the...
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The gross profit margin is a measurement of a company's manufacturing and distribution efficiency during the production process. If G is the gross profit and T is the total revenue, both in dollars, then the gross profit margin M = M(G, T) is given by the formula. -9. (a) Use functional notation to express the gross profit margin for a company that has a gross profit of $375,000 and total revenue of $580,000. M= (b) Calculate the gross profit margin in part (a). The gross profit margin is often expressed as a percent. Give your answer as both a decimal and a percent. (Round your decimal answer to two decimal places, and your percent to the nearest percent.) M = M = % (c) If the gross profit stays the same but total revenue increases, would the gross profit margin increase or decrease? The gross profit margin is a measurement of a company's manufacturing and distribution efficiency during the production process. If G is the gross profit and T is the total revenue, both in dollars, then the gross profit margin M = M(G, T) is given by the formula. -9. (a) Use functional notation to express the gross profit margin for a company that has a gross profit of $375,000 and total revenue of $580,000. M= (b) Calculate the gross profit margin in part (a). The gross profit margin is often expressed as a percent. Give your answer as both a decimal and a percent. (Round your decimal answer to two decimal places, and your percent to the nearest percent.) M = M = % (c) If the gross profit stays the same but total revenue increases, would the gross profit margin increase or decrease?
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0176530884
2nd Canadian edition
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
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