Mins of meeting must to held
Opening prayer
Introduction of last discussion
Profit Margin = Net Income/Net Sales
Profit Margin = $6,125/$17,500 = 0.35= <u>35%</u>
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The profitability of your company can be gauged by looking at your profit margin. How much of each dollar of sales or services is retained as profit is stated as a percentage of those profits. In business, the profit margin is calculated by dividing the net income by the net sales or revenue. To calculate net income, or net profit, a business simply deducts operating costs from sales.
The difference between gross and net profit margins
While a high gross profit margin and solid operational profit margin are great signs, a low net profit margin indicates wasteful spending on non-core business functions. It's a sign that your running costs are higher than the price you're charging for your products or services if the operational profit margin is negative.
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Answer: Value of its stakeholders
Explanation: Tom's shoes is doing the charity work and also earning good profits from selling its product. Stakeholders refers to all those parties who will get affected due to operations of the business.
One of the stakeholders for every business entity is the society in which it resides in. Tom's shoes is creating value to one of its stakeholders by free distribution of its product to those in need .
Answer:
B. An oligopoly
Explanation:
An oligopoly is characterised by a few firms operating in an industry. The babysitters came together to set price in collusion. Collusion is a characteristic of an oligopoly.
Also the babysitters set the market price for their goods. This is a characteristic of an oligopoly.
A purely competitive industry is when there are many buyers and sellers of homogenous goods and services. Firms are price takers. They have no influence over the market price. Price is set by the forces of demand and supply.
A monopoly is when there is only one firm operating in an industry.
A monopolistic competition is when there are many buyers and sellers of differentiated goods. Firms set the market price of their good.
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Answer: $972.74
Explanation:
From the information given, the external finance is calculated thus:
Sales growth = ($5970 - $5000) / $5000 × 100 = $970/$5000 × 100 = 19.4%
Then, we calculate the net income which will be:
= Sales - Cost
= $5970 - ($3410 × 1.194)
= $5970 - $4071.54
= $1898.46
Total asset = $14800 × 1.194 = $17671.20
Total equity = $3800 + $1898.46 = $5698.46
External financing needed:
= Total assets - Total equity - Debt
= $17671.20 - $5698.46 - $11,000
= $972.74