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
Consider the market for socks. The current price of a pair of plain white socks is $5.00. Two consumers, Jeff and Samir, are wil
mr_godi [17]

Answer:

$10.10

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.

Consumer surplus = willingness to pay of a consumer - price of the good

Producer surplus is the difference between the price of the product and the least price the producer is willing to sell his product

Producer surplus = price of the product - least price the producer is willing to sell his product

Consumer surplus

Jeff :  $7.25 - $5 = $2.25

Samir: $9 - $5 = $4

Total consumer surplus = $2.25 + $4 = $6.25

Producer surplus

Ist manufacturer = $5 - $3 = $2

2nd manufacturer = $5 - $3.15 = $1.85

Total producer surplus = $2 + $1.85 = $3.85

Total social welfare = $3.85 + $6.25 = $10.10

I hope my answer helps you

4 0
3 years ago
MC Qu. 97 The standard materials cost to produce... The standard materials cost to produce 1 unit of Product R is 7 pounds of ma
OleMash [197]

Answer:

total direct materials cost variance is $6,000 Favourable

Explanation:

first we get here Standard cost to manufacture

Standard cost to manufacture 6,000 units is = 7 × $47 × 6,000

Standard cost = $1,974,000

and

now we get here Actual cost to manufacturing

Actual cost to manufacturing 6,000 units is = 41,000 × $48

Actual cost = $1,968,000

and

now we get here Direct material cost variance that is express as

Direct material cost variance = Standard cost - Actual cost         ..........1

put here value

Direct material cost variance = $1,974,000 - $1,968,000

Direct material cost variance = $6,000 Favourable

4 0
2 years ago
What are the factors of production required by jewellery shop to operate its business
Blababa [14]

Answer:

See explain

Explanation:

There are 4 factors of production, land labor entreprenuership and capital.

The land of the jewellery shop would be the actual land that the store is on itself. The labor of the shop would be any of the work that any employees are doing. The capital would be any goods or machinery that is used in the store like cash registers, or bulletproof glass to protect their belongings, or any tools that the store uses to help make their jewellery etc. The last and final factor entrepreneurship might be for example the owner of the store, who manages the other 3 factors to bring a profit to the store.

4 0
2 years ago
Polaroid’s 3d pen allows users to create 3d models. You can free draw or use the polaroid trace app to trace over stencils and b
hammer [34]

For Polaroid, the addition of the 3D pen to the U.S. market would be viewed as a <u>market development</u> strategy on product-market matrix.

<h3>What is a product-market matrix?</h3>

This refers to a business map that helps the Product Managers to map the strategic market growth of their products. This Matrix was named after Igor Ansoff, who was a a mathematician and business manager who published an essay outlining the matrix in the Harvard Business Review in 1957.

The 4 strategies of Ansoff Matrix (product-market matrix) includes:

  • market penetration
  • market development
  • product development
  • diversification.

In conclusion, the addition of the 3D pen to the U.S. market would be viewed as a market development strategy on product-market matrix.

Read more about product-market

brainly.com/question/1273826

#SPJ1

7 0
2 years ago
A negotiable CD is a: a short-term unsecured promissory note issued by a company to raise funds for a short time period. b loan
iragen [17]

Answer:

d. marketable bank-issued time deposit that specifies the interest rate earned and a fixed maturity date.

Explanation:

A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.

Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.

Additionally, the bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.

A negotiable certificate of deposit (NCD) can be defined as a type of certificate of deposit (CD) that has a minimum face (par) value of $100,000 and can't be redeemed before its maturity date i.e it doesn't allow the holder to withdraw money until the pre-determined date.

This ultimately implies that, a negotiable certificate of deposit (NCD) is a marketable bank-issued time deposit that specifies the interest rate earned (interest-bearing time deposits) and a fixed maturity date.

5 0
2 years ago
Other questions:
  • Leather and beef are jointly produced such that an increase in the production of one results in an equal increase in the product
    6·1 answer
  • A monopolist makes self‑cleaning jackets. At a price of $100 each, it can sell 20 jackets. At a price of $98 each, it can sell 2
    9·2 answers
  • What does usability effectiveness mis metrics measure?
    11·1 answer
  • Domestic business differs from international business in that a firm operating within the borders of one country A) must be conc
    13·1 answer
  • Suppose that Italy and Switzerland consider trading wine and oil with each other. Italy can gain from specialization and trade a
    9·1 answer
  • For one photography session, dexter earns no less than $50, but no more than $100. which inequality can be used to represent his
    5·2 answers
  • What is the highest expected return these bonds could​ have? At the​ time, similar maturity Treasuries had a yield of 0.89 %. Co
    10·2 answers
  • If A sells to B, and B obtains title while goods are in transit, the goods were shipped ________. If C sells to D, and C maintai
    14·1 answer
  • Which inventory costing method generally results in the most recent costs being assigned to ending inventory?
    14·1 answer
  • According to the small business administration, over 50 percent of all small businesses are home based. true false
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!