Answer:
5%
Explanation:
Net income is $15,000
Sales is $300,000
The profit margin can be calculated as follows
= 15,000/300,000
= 0.05×100
= 5%
Profit margin is 5%
Answer:
Total cost of goods sold per unit is $35,000
Explanation:
Given Data:
cost for decorative pillow =$75.00 per unit
Total sold unit = 1750
Per unit manufacturing cost
we know that Variable Costing includes only manufacturing cost
Therefore, the total cost of goods as per variable costing can be computed as follow
The total cost of goods sold per unit is $35,000
The statement "The Sarbanes-Oxley Act in 2002 was created to protect consumers against false advertising by monopolies." is false.
Sarbanes-Oxley Act placed the obligation of responsibility for a company's financial reporting squarely on the shoulders of its top executives in order to safeguard investors from corporate accounting fraud.
It required chief executive officers (CEOs) and chief financial officers (CFOs) to personally attest to the correctness of the information in financial reports and to affirm that controls and procedures were in place to evaluate and verify that accuracy.
In reality, CEOs and CFOs had to personally certify that financial reports complied with Securities and Exchange Commission(SEC) rules by signing them. Failure to comply with this might result in fines of up to $15 million and 20-year prison terms.
Hence, the given statement is false.
Learn more about the Securities and Exchange Commission:
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Answer: D) Lila's employer has violated Title VII of the Civil Rights Act of 1964.
Explanation:
Based on the information given in the question, we can infer that Lila's employer has violated Title VII of the Civil Rights Act of 1964.
Title VII of the Civil Rights Act of 1964 simply protects employees against firm of discrimination that are based on sex, color, race, national origin, and religion.
Since Lila is pregnant and due for promotion but the promotion was given to Harry, she has been discriminated upon based on her sex.
Therefore, the correct option is D.
