1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
adoni [48]
3 years ago
9

Wiggle Pools has total equity of $358,200 and net income of $47,500. The debt-equity ratio is .68 and the total asset turnover i

s 1.2. What is the profit margin?
Business
1 answer:
Westkost [7]3 years ago
6 0

Answer:

It is 6.58%

Explanation:

Debt-Equity Ratio = Debt/Equity

0.68= Debt/358,200

Debt = 0.68 x 358,200

Debt = $243,576

Total Asset Turnover = Revenue/ Total Asset

Total Assets = Debt + Equity = $243,576+ $358,200=$601,776

1.2= Revenue/601,776

Revenue= 1.2 x 601,776

              =$722,131.20

Profit Margin = Net income/ Revenue x 100%

                       = $47,500/$722,131.20 x100%

                       = 6.58%

You might be interested in
PERT and CPM
ValentinkaMS [17]

Answer:

Answer is option a, i.e. have been combined to develop a procedure that uses the best of each.

Explanation:

In project management, PERT i.e. project evaluation and review technique is used as a statistical tool that is used to assess the overall work that is done to complete a certain project. In order to complete a particular task, there can be 'n' number of paths or ways. The best decision of selecting a pathway that is time-saving as well as cost-saving is to be found out. This chosen path is then referred to as 'Critical path.' Hence, PERT and CPM can be understood as two faces of a single coin, and have been combined to develop a procedure that uses the best of each.

5 0
3 years ago
How do political factors affect businesses
allsm [11]

Answer:

Change in the political factors can affect business strategy because of the following reasons: The stability of a political system can affect the appeal of a particular local market. Governments view business organizations as a critical vehicle for social reform. ... Government actions influence the economic environment.

Explanation:

4 0
2 years ago
You have commissioned a local survey to see what consumers are most interested in.
Montano1993 [528]

Based on the survey data, what can be concluded about the market for coffee shops in the area?

Saturation has been reached.

According to the survey data, which business likely has the least supply in this town?

Shoe stores

8 0
3 years ago
Read 2 more answers
A new client of the member firm has just opened a margin account. After account approval, the client's initial trade is an order
Aleks04 [339]

Answer:

$2,000

Explanation:

Data provided in the question

Number of shares purchased = 100 shares

Price of common stock = $25

Given percentage = 50%

Based on the above information, there is no borrowing taken place in a margin account because there is a minimum requirement to maintain $2,000 in equity and when the purchase is made lower than $2,000 so it is important to pay the amount in full and the deposits are important when it is made more than $2,000 in the case when the trade is more than $4,000

7 0
3 years ago
Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what
zlopas [31]

Answer:

overstated

Explanation:

Adjusting entry is a term used in the accounting process, which describes journal entries usually carried out at the end of an accounting period to assign income and expenditure to the period in which they actually happened.

However, the journal entry to identify a deferred revenue is to debit or increase cash and credit or increase a deposit or another liability account.

Hence, Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what OVERSTATED

8 0
3 years ago
Other questions:
  • A firm could continue to operate for years without ever earning a profit as long as it is producing an output where
    13·1 answer
  • Which gas is a natural source of groundwater pollution​
    8·1 answer
  • If the number of dollars needed to buy a representative basket of goods falls, the price level
    15·1 answer
  • g "9. (a) Explain how financial ratio analysis of a firm’s projected cash flow budget could be efficiently used by its managers
    13·1 answer
  • 1. The market-pull view of new product innovation is to A. "pull" the products into the market as fast as possible. B. develop p
    6·1 answer
  • Which economic term is considered a resource?
    7·1 answer
  • What is the main difference between renting and leasing?
    14·1 answer
  • Plz help I will make u brainleist!!four points difference between engineering and architecture​
    9·1 answer
  • Country Kelani has I = $200 billion, S = $400 billion, and purchased $600 billion of foreign assets, how many of its assets did
    6·1 answer
  • As the game says, most borrowers only pay attention to the monthly payment when taking out a loan. Why do you think this is?.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!