in year 1, a company's cash is 15% of sales, accounts receivable is 10% of sales, inventory is 20% of sales, accounts payable is 30% of sales, and long-term debt is 5% of sales. the company is preparing its forecasts and anticipates that sales will increase from $50,000 in year 1 to $55,000 in year 2. the company uses the percentage-of-sales method. what amount would be the required net working capital in year 2?
Answers
The difference between a company's current assets and its current liabilities is known as working capital, sometimes known as net working capital (NWC).The required net working capital in year 2, assuming the company uses the percentage-of-sales method is $8,250.
The net working capital serves as a gauge of a company's liquidity and capacity to pay short-term debts and sustain ongoing operations. The ideal situation is to have a positive net working capital balance, which is achieved by having more current assets than current liabilities.
Based on historical and current sales data, the percentage of sales technique is a forecasting tool that generates financial projections. This information includes sales as well as any sales-related costs, such as inventory and cost of products.
Therefore, $8,250 is the required net working capital in year 2.
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Related Questions
Place the following steps for calculating net worth in the correct order
Options-
List your liabilities
Total your liabilities
Total your assets
List your assets
Subtract your liabilities from your assets
Answers
Answer:
See below
Explanation:
Net worth is calculated by subtracting total liabilities from the total assets. Assets are the valuables that belong to a business, while liabilities are what the business owes others.
The correct process for calculating net worth will be
List your assetsTotal your assets List your liabilities Total your liabilities Subtract your liabilities from your assetsWhat changes is the new CEO Martin planning to bring into Idle Time’s management practices?
Answers
In order to answer the question you need to add the choices so I can solve it properly.
Explanation:
According to the chart, the initial monthly payment demarco and tanya should anticipate paying on principal and interest is . they should budget $400 for insurance and tax payments, so the total amount they should anticipate paying monthly is .
Answers
The correct option is B. According to the chart, the initial monthly payment Demarco and Tanya should anticipate paying on principal and interest is $811.
Interest in business refers to the level of curiosity, passion, and motivation one has toward the world of commerce and entrepreneurship. Business is a broad field that encompasses various aspects such as finance, marketing, management, and economics. An interest in business can manifest in different ways, such as the desire to start a business, the fascination with how successful businesses operate, or the interest in studying business-related subjects.
Having an interest in business can be beneficial in many ways. It can lead to the development of skills such as critical thinking, problem-solving, decision-making, and communication, which are essential for success in any business venture. Furthermore, an interest in business can provide individuals with a better understanding of the market, consumer behavior, and the economy, which can be useful in making informed decisions and identifying opportunities.
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Complete Question:
According to the chart, the initial monthly payment Demarco and Tanya should anticipate paying on principal and interest is _____.
A.) $711
B.) $811
C.) $911
how much does 1-800-flowers earn in revenue from valentine’s day sales?
Answers
In 2023, it was projected that Americans would spend roughly 26 billion dollars on Valentine's Day. This represents an increase of roughly $2 billion from 2022. Beautiful bouquets are available for as little as $30, and many varieties cost $50 or less.
Or you can find lavish red rose arrangements that are well worth the splurge if you want to make a memorable romantic gesture. It takes a staggering amount of flowers to supply the demand on this single day. A logistical nightmare that spans several continents involves field workers, cargo planes, truckers, and customs officials is required to guarantee that the demand is satisfied on that specific day.
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Some personal finance experts say people should try to save about 15 percent of their take-home income. True or False?
Answers
Answer:
true
Explanation:
Saving money is worth the effort. It gives you peace of mind, it gives you options, and the more you save, the easier it becomes to accumulate additional savings.
Match the examples with the types of goods. To match them, click the example, and then click the type of good.
Match the examples with the types of goods.
To match them, click the example, and then click the type of good.
Omar buys a snack bag of chips that he noticed while waiting in line at the store.
Unsought good
Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in an accident or burglary.
Convenience impulse good
Jamie goes to the store to buy toothpaste.
Convenience staple good
Wanda reads reviews of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item.
Shopping good
Adriana only buys doughnuts from her favorite local doughnut shop.
Specialty good
Answers
Answer:
1. Convenience impulse good
2. Unsought good
3. Convenience staple good
4. Shopping good
5. Specialty good.
Explanation:
1. Omar buys a snack bag of chips that he noticed while waiting in line at the store: Convenience impulse good.
A convenience impulse good can be defined as goods (products) that an individual purchases without planning to buy them or having prior intention to do so. Therefore, convenience goods are easily available and often purchased by impulse.2. Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in an accident or burglary: Unsought good.
Unsought goods can be defined as goods or services that an individual do not think of buying or isn't aware of but purchases due to a fear of danger (damage).3. Jamie goes to the store to buy toothpaste: Convenience staple good.
A convenience staple good can be defined as goods (products) that an individual consumes on a regular basis and as such are purchased more often.4. Wanda reads reviews of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item: Shopping good.
Shopping goods can be defined as goods (products) that an individual purchases after doing due diligence by comparing its style, quality and price in other stores.5. Adriana only buys doughnuts from her favorite local doughnut shop: Specialty good.
Specialty goods refers to consumer goods that an individual considers to be exclusive and unique, for which he or she would go any length and perhaps, do anything to get them due to the strong preference.Find the compounded annual realized return of Microsoft stock assuming that you bought the stock on November 18, 2008 and sold it on November 17, 2009 after receiving the $0.14 per share dividend. Answer in percent and round to nearest hundredth Use this price and dividend information: Date 11/28/08 2/17/09 5/19/09 8/18/09 11/17/09 Price. Dividend 18.67 19.65 17.18 20.05 22.01 0.14 0.14 0.14 0.14
Answers
The compounded annual realized return of Microsoft stock assuming that you bought the stock on November 18, 2008, and sold it on November 17, 2009, is 20.89%.
To calculate the compounded annual realized return, we will first determine the total return and then annualize it:
1. Purchase price on 11/18/08: $18.67
2. Selling price on 11/17/09: $22.01
3. Total dividends received: 4 dividends of $0.14 each, totaling $0.56
4. Total return: (Selling price + Total dividends - Purchase price) / Purchase price
5. Total return: ($22.01 + $0.56 - $18.67) / $18.67
6. Total return: $3.90 / $18.67 ≈ 0.2089 or 20.89%
Since we are considering a one-year investment, the compounded annual realized return is the same as the total return. Thus, the compounded annual realized return for Microsoft stock is approximately 20.89%.
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Software that can help business owners and individuals manage their finances, track expenses for taxes, and highlight potential errors in bank and investment accounts falls under the general category of _____ programs.
A)addition
B)IRS
C)accounting
D)inventory
Answers
If you were a salesperson, what would be the most challenging part of the sales process for you? Explain.
Answers
The most challenging part for me would be overcoming objections because there are so many possible objections a customer could have. Also if the customer doesn't know their needs this can be even harder to accomplish.
Why is it important for a person to invest and save
Answers
Hope that answered your question :)
On March 25, 2014, Patton Company sold merchandise on account,$10,000. The applicable sales tax percentage is 8.5%. Record the transaction.
Answers
Answer:
Kindly see attached picture
Explanation:
Sales tax percentage= 8.5%
Sales = 10,000
Sales tax payable = 0.085 × 10000 = 850
Accounts payable = 10000 + 850 = 10850
Kindly see attached picture for journal entry
Megacable and acme are competing for an exclusive contract to provide the city of dustin with cable television for the next year. the firm that wins the contract will earn an economic profit of $5 million. the contact will be awarded to the firm that spends the most on lobbying. if both firms spend the same amount on lobbying, then the winner will be determined by a coin flip, so each will have a 50 percent chance of winning. if both firms refrain from spending anything on lobbying, the expected profit from the contract is:
a)$5 million.
b)$2.5 million.
c)$2 million.
d)$1 million.
Answers
If both Megacable and Acme refrain from spending anything on lobbying, the expected profit from the contract will be $2.5 million. This is because each firm has a 50 percent chance of winning the contract, and the economic profit for the winner is $5 million. So the expected profit for each firm is 0.5 x $5 million = $2.5 million. Therefore, the correct answer is b) $2.5 million.
The given scenario involves Megacable and Acme competing for a contract, with the winner determined by their spending on lobbying or a coin flip if they spend equally. If both firms refrain from spending anything on lobbying, they would have an equal chance (50 percent) of winning the contract.
To calculate the expected profit when both firms refrain from spending on lobbying, you would multiply the probability of winning the contract by the economic profit:
Expected profit = (Probability of winning) × (Economic profit)
Expected profit = (0.5) × ($5 million)
Expected profit = $2.5 million
Therefore, the expected profit from the contract when both firms refrain from spending anything on lobbying is:
b) $2.5 million.
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You are choosing the color scheme for a Web page. Which color is considered the color of extremes and is used to capture attention, and to indicate danger and anger? A: Green B:Red C: yellow D: purple thank you<3
Answers
Answer:
Red
Explanation:u
Red is the color of extremes. It's the color of passionate love, seduction, violence, danger, anger, and adventure.
The red color is associated with the extremes and is used to attract attention, as well as to symbolize danger and wrath, and this is the color scheme of the web page.
What is a web page?A web page is a simple document that a browser may display.
HTML is the language used to create such documents (which we look into in more detail in other articles).
A web page can contain a number of resources, such as style information, which controls the look and feel of the page.
The red color represents the extremes. This color is connected with passionate love, seduction, aggression, danger, rage, and adventure.
Therefore, option B is correct.
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Builtrite common stock just paid a dividend of $2.50 and dividends are expected to grow at a 6% annual rate. If you require an 13% annual return, what do you believe is a fair price for Builtrite stock?
Answers
To calculate the fair price for Builtrite stock when a dividend is paid and dividend are expected to grow at a 6% annual rate and an investor requires a 13% annual return, we can use the dividend discount model.
The dividend discount model is calculated as follows: P = D₁ / (r - g) where = the fair price of the stockD₁ = the dividend paid at the end of the first year = the required rate of return = the expected dividend growth rate.
Substituting the given values, we have:P = $2.50 / (0.13 - 0.06)P = $2.50 / 0.07P = $35.71. Therefore, the fair price for Builtrite stock is $35.71.
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The calculation of the fair price for Builtrite stock can be obtained using the dividend discount model. A stock's value can be estimated using the dividend discount model (DDM), which calculates the value of a stock based on its future dividends.
The dividend discount model takes into account the present value of a stock's future dividend payouts, including any growth. Here, the calculation is as follows:Given data:Annual dividend = $2.50Growth rate = 6%Rate of return required by the investor = 13% Formula for calculating fair value:FV = D1/(r-g)Where,FV = fair valueD1 = dividend expected in the next year = $2.50 x (1 + 6%) = $2.65r = Required rate of return = 13%g = Growth rate of dividends = 6%Therefore, FV = $2.65/(13%-6%) = $44.17The fair price of Builtrite common stock is $44.17 per share.
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Drag the tiles to the boxes to form correct pairs.
Match the different. brainstorming techniques to their applications
Answers
Note that the Brainstorming Techniques matched to one another are given as follows:
Clustering - connecting ideas for a topic using different shapes and color-coding to identify how the ideas are relatedThree perspectives - describing the topic, tracing its history, and examining its connections with related topicsFreewriting - writing down first thoughts on a topic in a timed session. without pausing to check for relevance or grammarWhat are brainstorming techniques?The most essential thing to remember with any approach of brainstorming is to prioritize quantity above quality. Accepting all ideas, no matter how ridiculous or unimportant they may appear, aids brainstorming.
The aim is to establish a large enough pool of ideas from which to draw or combine ideas for the best solution or approach.
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Jia is considering whether to go out to dinner at a restaurant with her friend. The meal is expected to cost $40, jia typically leaves a 20% tip, and an uber will cost $5 each way. Jia values the restaurant meal at $25. Jia enjoys her friend’s company and is willing to pay $30 just to spend an evening with her. If jia does not go out to the restaurant, she will eat at home, using groceries that cost her $8.
Required:
a. Calculate jays cost associated with going out to dinner with her friend.
b. Calculate jays benefits associated with going out to dinner with her friend.
Answers
Jia cost & benefit associated with going out to dinner is $58 and $63 respectively.
Basically, the calculation is about getting the amount that Jia spent and benefit during the dinner with her friend.
Calculation of Jia's cost
The cost includes expected cost of $40 for meal, $8 for tip (20%*$40) and $10 for Uber transport (To and fro)
= $40 + $8 + $10
= $58
In conclusion, Jay's cost associated with going out to dinner with her friend is $58.
Calculation of Jia's benefit
The benefit of the dinner includes $25 for meal valuation, amount of spending an evening with her ($30) and the $8 that she will spend if he doesn't go for dinner
= $25 + $30 + $8
= $63
In conclusion, Jay's benefit associated with going out to dinner with her friend is $63.
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if it is not indicated in the memorandum, where should the parties sign to make the document enforceable? multiple choice bottom any place on the memorandum left corner right corner
Answers
A) Where should the parties sign in order for the document to be enforceable if it is not stated in the memorandum Any location on the memo.
What are the parol evidence rule's four exceptions?to demonstrate the occurrence of fraud, duress, unethical behavior, or tortious interference with a contract. to demonstrate that no consideration was ever given. to specify the parties or the agreement's subject.
Which of the following is true regarding the parol evidence rule?The parol evidence rule prohibits the use of extrinsic evidence, including earlier or contemporaneous oral and written agreements, that contradict or alter a written provision that the parties intended to be fully incorporated.
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NEED HELP
Employees usually have options for how they will be paid. Most employers offer either a
BLANK or BLANK
, but there are also cases where employees are paid in BLANK
Answers
Hope this helps! :)
the demand schedule for chicken feet, a dim sum delicacy served at some chinese restaurants, is shown in the table. although some people find the texture strange, others have developed a taste for it. price of chicken feet (per pound) quantity of chicken feet demanded (millions of pounds) in 2008 quantity of chicken feet demanded (millions of pounds) in 2018 $ 3.00 3.0 9.2 $ 2.50 3.2 9.9 $ 1.25 3.6 10.3 $ 1.00 4.1 12.2 $ 0.50 5.7 15.0 how many more chicken feet were demanded in 2018 , at a price of $3.00 a pound, than in 2008 ?
Answers
6.2 million more chicken feet were demanded in 2018 compared to 2008 at a price of $3.00 per pound.
To determine how many more chicken feet were demanded in 2018 than in 2008, specifically at a price of $3.00 per pound, we need to compare the quantities demanded for that specific price in both years.
In 2008, the quantity demanded at a price of $3.00 per pound was 3.0 million pounds.
In 2018, the quantity demanded at a price of $3.00 per pound was 9.2 million pounds.
To find the difference, we subtract the quantity demanded in 2008 from the quantity demanded in 2018:
Difference = Quantity demanded in 2018 - Quantity demanded in 2008
Difference = 9.2 million pounds - 3.0 million pounds
Difference = 6.2 million pounds
Therefore, 6.2 million more chicken feet were demanded in 2018 compared to 2008 at a price of $3.00 per pound.
This indicates an increase in demand for chicken feet over the years, as more people developed a taste for it despite the texture being considered strange by some. The higher quantity demanded suggests that the popularity of chicken feet as a dim sum delicacy has grown over time.
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pls help!!!!
answer the following questions using complete sentences. Each answer should contain 3–5 sentences.
What do you think is the most important event in the history of the internet? What event has had the biggest impact on your daily life?
What is your prediction for the future of the internet in the next 20 years?
Answers
1. one of the most important even i think would be in 2007 when apple created the very first mobile internet (this could also apply to you too)
2. what u think will happen in the next 20 years is that we are going to move away from mobile devices and towards maybe a chip in your head or a sort of device something similar to VR
If a firm's marginal revenue is below its marginal cost, an increase in production will usually: a. increase profits. b. leave profits unchanged. c. decrease profits. d. increase marginal revenue.
Answers
Answer:
D. increase marginal revenue
Explanation:
If marginal revenue is less than marginal cost then they are producing too much product and need to decrease production until marginal cost and marginal revenue are equal.
Which involves having the government make most economic decisions?
Answers
Answer:
socialisim
Explanation:
a socialist economy is basically an economy where the government are charged with redistributing the welth of the nation
Consider the following work breakdown structure: Create a PERT Chart What is the Critical Path?
Answers
Critical Path: The critical path is the longest task sequence of a project. PERT charts are used to determine the critical path of a project to estimate its duration
What is the Critical Path?
WBS resolves the project into actionable steps and manageable sections. Start with the earliest task, and determine which following activities cannot be completed until this task is finished. The longest, more time-consuming task is the next step in the critical pathCritical Path Analysis formally identifies tasks which must be completed on time for the whole project to be completed on time. It also identifies which tasks can be delayed if resources need to be reallocated to catch up on missed or overrunning tasks.Calculating Critical Path is a simple 4-step process.Step 1: Find Activities. Activities for this project are as below (output from Define Activities process) – ...Step 2: Build Schedule Network Diagram. ...Step 3: Find all Possible Paths. ...Step 4: Calculate Duration for Each Path.To learn more about PERT chart refers to:
https://brainly.com/question/30204296 #SPJ4firms must provide the right incentives if they are to get -select- to focus on long-run value maximization. conflicts exist between managers and stockholders and between stockholders (represented by managers) and -select- . managers' personal goals may compete with shareholder wealth maximization. however, managers can be motivated to act in their stockholders' best interests through (1) reasonable -select- packages, (2) firing managers, and (3) the threat of hostile takeovers. if a firm's stock is undervalued, corporate raiders will see it as a bargain and will attempt to capture the firm in a hostile takeover.
Answers
Incentives drive managers to focus on long-run value maximization. Conflicts exist between stockholders and corporate raiders, but can be mitigated through proper compensation, firings, and the threat of hostile takeovers.
Firms must align the incentives of managers to focus on long-run value maximization.
Conflicts can arise between corporate raiders and stockholders, as well as between stockholders themselves. Managers' personal goals may conflict with the goal of maximizing shareholder wealth.
However, managers can be motivated to act in the best interests of stockholders through reasonable compensation packages, the possibility of being fired, and the threat of hostile takeovers. If a firm's stock is undervalued, corporate raiders may view it as an opportunity for a bargain and attempt to take over the company.
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The correct question is here:
Firms must provide the right incentives if they are to get to__________ focus on long-run value maximization. Conflicts exist between managers and stockholders and between stockholders (represented by managers) and _________. Managers' personal goals may compete with shareholder wealth maximization. However, managers can be motivated to act in their stockholders' best interests through (1) reasonable_________ packages, (2) firing managers, and (3) the threat of hostile takeovers. If a firm's stock is undervalued, corporate raiders will see it as a bargain and will attempt to capture the firm in a hostile takeover.
What public works project was built to help with unemployment during the great depression?.
Answers
Answer: Im also taking this test and i believe the answer is Hoover Dam i might be wrong
Explanation: Hoover Dam
Which one of the following is implied by a "lead time" service level of 95 percent? a. Approximately 95 percent of demand during lead time will be satisfied b. The probability is 95 percent that demand during lead time will not exhaust the inventoryc. The probability is 95 percent that demand during lead time will exactly equal the mount on hand at the beginning of lead time d. The probability is 95s percent that demand during lead time will not exceed the amount on hand at the beginning of lead time e. None of the choices are correct inventory
Answers
The probability is 95 percent that demand during lead time will not exceed the amount on hand at the beginning of lead time. The correct answer is option D.
Lead time service level refers to the probability that the demand during the lead time of a product will not exceed the amount of inventory available at the beginning of the lead time. For example, if a company has a lead time service level of 95 percent, it means that there is a 95 percent chance that the demand during the lead time will not exceed the inventory available at the beginning of the lead time.
Option A is incorrect because a lead time service level of 95 percent does not guarantee that approximately 95 percent of demand during lead time will be satisfied. Option B is incorrect because it does not reflect the meaning of lead time service level. Option C is incorrect because it suggests that demand during lead time will exactly equal the amount on hand, which is unlikely to happen. Option E is incorrect because one of the choices is correct. Hence Option D is correct.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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what strategies do you suggest for learning about new retail concepts?
Answers
There are several strategies that I suggest for learning about new retail concepts : Stay up-to-date on industry news, Attend industry conferences, Take online courses and Seek out mentorship
1. Stay up-to-date on industry news: Follow trade publications, blogs, and news sites to stay informed about the latest trends and developments in the retail industry.
2. Attend industry conferences and events: These events are a great way to network with other professionals in the retail industry and learn about new retail concepts.
3. Take online courses: There are many online courses and certifications available that can help you to learn about new retail concepts.
4. Conduct market research: Conducting market research can help you to better understand the needs and preferences of your customers, which can help you to identify new retail concepts that could be successful.
5. Seek out mentorship: Find a mentor who has experience in the retail industry and can provide guidance and advice on learning about new retail concepts. This can be an invaluable resource for gaining insights and knowledge.
Overall, there are many strategies that can help you to learn about new retail concepts. By staying up-to-date on industry news, attending conferences and events, you can gain a better understanding of these concepts and apply them in your own business.
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Shirts are us has a clearance on overstocked merchandise. A long-sleeve V-neck top that usually sells for $36.00 is on sale for $23.00. What is the markdown?
Answers
Answer:
13.00 and nice pfp
Explanation:
If nominal GDP rises from $2,000 to $3,000 while CPI rises from 1 to 1.2 in the same period, find the percentage change in real GDP.
Answers
Answer:
80%
Explanation:
Initial nominal GDP = $ 2000
Initial CPI = 1
Therefore, real GDP can be calculated by :
Real GDP = \($\frac{\text{nominal GDP}}{CPI / 100}$\)
\($=\frac{2000}{1/100}$\)
= $ 200,000
Final nominal GDP = $ 2000
Final CPI = 1
Therefore, real GDP can be calculated by :
Real GDP = \($\frac{\text{nominal GDP}}{CPI / 100}$\)
\($=\frac{3000}{1.2/100}$\)
= $ 250,000
Therefore, percentage change in the real GDP is :
\($= \frac{200000}{250000}\times 100$\)
= 80%