Answer:
1. 45.5%
2. 13.3%
3. 7.2%
Explanation:
The formulas and calculations are shown below:
1. Gross margin = (Sales - cost of sales) ÷ (sales) × 100
= ($10.1 million - $5.5 million) ÷ ($10.1 million) × 100
= ($4.6 million) ÷ ($10.1 million) × 100
= 45.5%
Gross profit = Sales - cost of sales
2. Operating margin = (Gross profit - selling, general and administrative expenses - research and development - annual depreciation charges) ÷ (sales) × 100
= ($4.6 million - $460,000 or $0.46 million - $1.4 million - $1.4 million) ÷ ($10.1 million) × 100
= ($1.34 million) ÷ ($10.1 million) × 100
= 13.3%
Operating income = Gross profit - selling, general and administrative expenses - research and development - annual depreciation charges
3. Net profit margin = (Operating income - taxes) ÷ (sales) × 100
= ($1.34 million - $0.6097 million) ÷ ($10.1 million) × 100
= ($0.7303 million) ÷ ($10.1 million) × 100
= 7.2%
The income tax expense = Operating income × income tax rate
= $1.34 million × 45.5%
= $0.6097 million
Answer:
The employer wins because he is acting on court orders.
Explanation:
Discrimination in the workplace is a punishable offense by the law. This act of promoting one female for every male promoted is a remedy to being found guilty of discrimination by the court.
In this case where he has been sued again for reverse discrimination, he (employer) is going to win this particular one because he was only acting on court order. The one female for every male was imposed on him by the court. So he is protected from this reverse discrimination accusations by his disgruntled employees.
Answer:
A. The extended decision-making approach.
Explanation:
Extended Decision-Making is defined as a <em>decision that involves high participation of the consumers in order to decide to purchase or not a product, it usually revolves around expensive purchases.</em> We can see this exemplified when Fatima consults with friends and family before making her decision to buy a house, an expensive purchase.
I hope you find this information useful and interesting! good luck!
Answer:
$61,071.36
Explanation:
According to the scenario, computation of the given data are as follows,
Value of note = $640,000
So, Carrying value of note on Jan 1, 2020 = $640,000 × 0.71
= $454,400
Prevailing interest rate = 12%
So, Interest for 2020 = $454,400 × 12% = $54,528
Now, Interest revenue for 2021 = ($454,400 + $54,528) × 12%
= $508,928 × 12%
= $61,071.36
Hence, the amount of interest revenue that should be included in Swifty's 2021 income statement is $61,071.36
Answer:
$33.02
Explanation:
EPS (Earnings Per Share) would be simply,
Total Earnings divided by the number of shares outstanding
First, we need to find our total earnings. We will get this by summing up Sales and Net Income from selling shares. Then we will minus the expenses.
So,
Sales = 17.55 mill
Net Income from Shares = 5 mill shares AT $32.55 each = 5 mill * 32.55 = $162,750,000
Expenses = 15.20 mill
Thus,
Total Earnings = 17,550,000 + 162,750,000 - 15,200,000 = 165,100,000
Total Shares = 5 million
So, EPS would be:
EPS = 165,100,000/5,000,000 = <u>$33.02</u>
