« previous next »

Author Question: If the industry at large has an average gross profit margin of 35 percent and the firm has averaged ... (Read 74 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
on: Jun 29, 2018
If the industry at large has an average gross profit margin of 35 percent and the firm has averaged 30 percent for the past 5 years, then next year's gross margin should be somewhere between 30 and 35 percent. This is an example of which of the following factors?
 a. anticipated profit c. anticipated market changes
  b. industry average d. past profit

Question 2

Which of the following is not a factor to consider in setting corporate objectives?
 a. industry average profit c. anticipated profit
  b. forecasted profit d. All of the above are valid factors.


pocatato

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

B
The industry average of sales, market share, profit, and cash flow can help the manager decide what the desired level should be.

Answer to Question 2

A
See Table 13-1


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

How to find the average value of a function How to find the average value of a function
The impact of industry and manufacturing on our life The impact of industry and manufacturing on our life
The level of emissions from transport in the United States is twice as high as the global average The level of emissions from transport in the United States is twice as high as the global average
Anatomy of the Large Intestine By the time chyme reaches the large intestine, most of its nutrients Anatomy of the Large Intestine By the time chyme reaches the large intestine, most of its nutrients
Gross anatomy of the male reproductive organs Gross anatomy of the male reproductive organs
Anatomy of the Large Intestine (colon) Anatomy of the Large Intestine (colon)
Video: The life cycle of protein

For a complete list of videos, visit our video library