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omeli [17]
4 years ago
11

Financial information is presented below:

Business
1 answer:
VARVARA [1.3K]4 years ago
8 0

Answer:

Net Income  $21,000

Net Sales  $140,000

Operating Margin ratio = 14%

Explanation:

Net Income is calculated by subtracting operating expenses from gross income.

Net is is calculated by adjusting contra sales account balance is sales value+

Profit Margin ratio is the ratio of net profit to sales value.

                                                          $

Sales Revenue                             150,000

Sales Discount                             (3,000)

Sales returns and allowances     <u>(7,000)</u>

Net Sales                                      140,000

Cost of Goods sold                      <u>(91,000)</u>

Gross Income                                49,000

Operating Expenses                    <u>(28,000)</u>

Operating / Net Income                21,000

In the absence of interest expenses and tax rate operating income is considered as net income.

Operating Margin = ( $21,000 / $150,000 ) x 100 = 14%

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Answer:

The summary of the steps are as shown below;

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Step 5: Implementation.

Explanation:

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This is the first step involved in career planning. It involves the gathering of  information about oneself that will assist in choosing a career that matches one personality, interests, capabilities and goals.

Step 2: Exploration

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In this step, one decides on the specific career that they want to pursue. They also set achievable goals and timelines that the goals need to be achieved.

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8 0
3 years ago
Suppose the current price of a good is $195. At this price, the quantity supplied is 160 units, and the quantity demanded is 200
KonstantinChe [14]

• eqm Q = 175

• eqm P = $ 190

<u>Explanation:</u>

At current price,  Quantity Demanded is less than Quantity supplied

As Qd = 200, Qs = 160

• so market is currently experiencing a deficiency, as Qd > Qs

•so to adjust, market price will incraese,

so that Quantity Demanded decrease & Quantity supplied increases, till Qd = Qs

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As if P falls by 1, then P = 194

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3 years ago
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