Arbitration is a noncoercive method of resolving a dispute between employer and union.

Refer to the following selected financial information from Shakley's Incorporated. Compute the company's profit margin for Year

nekit [7.7K]

Answer:

Profit margin = 9.74%

Explanation:

We know,

Profit Margin = (Net income after tax/Net sales) x 100

Profit margin is a profitability ratio that measures the company's overall performance. It also show how company performs financially.

Given,

Year 2,

Net Sales = $484,000

Net income after tax = $47,150

Therefore,

Profit Margin = $\frac{47,150}{484,000}$

Profit Margin = 9.74%

Hence, company is performing financially well.

4 0

3 years ago

Both parties to a valid and enforceable contract must provide consideration. In a contract for the sale and purchase of real est

Wittaler [7]

Answer:

The correct answer is C

Explanation:

The seller consideration is the consideration which is defined as to take the property off the place as well as the market it into the escrow.

For example, if the buyer wants to bought the house, then the buyer will provide an earnest amount of money deposit (it will be the consideration of the buyer), and the seller would agree to sell the home to the buyer (it is the seller consideration).

So, in the agreement of sale and the purchase of the real estate, the seller consideration is to give the property to the buyer.

3 0

3 years ago

When Patey Pontoons issued 10% bonds on January 1, 2021, with a face amount of $640,000, the market yield for bonds of similar r

IRINA_888 [86]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

1) Semiannually Rate of interest = 11% ÷ 2 = 5.50% = 0.055

Number of years (half yearly) = 4 × 2 = 8 years

PVIF Value = 1 ÷ (1 + Interest Rate)^Number of years

=1 ÷ (1 + 0.055)^8

= 1 ÷ 1.5347

= 0.65160

PVIFA Value = [1 -1 ÷ (1 + Interest Rate)^Number of years ÷ Interest Rate

= [1 - 1 ÷ (1 + 0.055)^8] ÷ 0.055

= [1 - 0.65160] ÷ 0.055

= 6.33457

Particular PV table value Multiply Amount ($) PV value

Principle value 0.65160 × 640,000 $417,024

Annually interest Value 6.33 × 32,000 $202,706

($640,000 × 6 ÷ 12 × 10%)

Present Bond’s Price $619,730

2).

Journal Entry

On Jan.1,2021

Cash A/c Dr. $619,730

Discounts on bond payable A/c Dr. $20,270

To Bond payable A/c $640,000

(Being bond issued at discount is recorded)

3. The amortizable schedule is presented on the attachment below

4).

Journal Entry

June 30,2021

Interest expense A/c Dr. $34,085

To Cash A/c $32,000

To Discount on bond payable A/c $2,085

(Being interest expenses is recorded)

5) On December 31,2021 Amount of bonds reported = $624,015

6). Interest expenses reported in income statement

= $34,085 + $34,200

= $68,285

7).

Journal Entry

On Dec. 31,2024

Interest expense A/c Dr. $35,032

To Cash A/c $32,000

To Discount on bond payable A/c $3,032

(Being interest expense is recorded)

On Dec.31,2024

Bond payable A/c Dr. $640,000

To Cash A/c $640,000

(Being interest expense is recorded)

5 0

3 years ago

A company purchased a machine for $193,000 on October 1, 2021. The estimated service life is 10 years with a $19,800 residual va

mestny [16]

Answer:

$4,330

Explanation:

the amount that needs to be depreciated = purchase price - residual value = $193,000 - $19,800 = $173,200

depreciation per year using straight line method = $173,200 / 10 = $17,320

depreciation per month = $17,320 / 12 = $1,443.33 per month

we must record 3 months of depreciation expense = 3 months x $1,443.33 per month = $4,330

December 31, 2021

Dr Depreciation expense 4,330

Cr Accumulated depreciation - machinery 4,330

6 0

3 years ago

(I) The real interest rate: A. is the interest rate that is quoted on a financial debt and a firm's assets. B. is equal to the

Anestetic [448]

Answer:

B. is equal to the nominal interest rate minus the inflation rate

(II) 3.4% simplify method

3.317% fisher formula

Explanation:

5.9 - 2.5 = 3.4 real rate

or using fisher formula

$\frac{1+rate}{1+inflation} - 1 = $real rate$

1.059/1.025 - 1= 3.317 real rate

5 0

3 years ago