Answer:
Explanation:
Total asset turnover = Sales/total assets
3.2= 14000000/Total assets
Total assets = 4375000
E/A = 1-D/A = 1-0.45 = 0.55
Equity = E/A*assets = 0.55*4375000=2406250
Net income = (EBIT-interest)*(1-tax rate)
=(1344000-546000)*(1-0.25)=598500
ROE = Net income/total equity
ROE% = 598500/2406250=0.248
ROE% = 24.8
Answer: Your friend wants to open a clothing shop. A necessary capital resource is a <u>place to open the shop.</u>
Explanation: Capital is the element constituted by money and infrastructure, which are needed to take advantage of human and natural resources in the productive process, considered as essential by the capitalists, since without money and other economic resources, companies cannot settle and industries, because they need it to have facilities, furniture, machinery, buy raw materials, pay staff, and so on.
Answer:
You introduce the following below:
1. Name
2. Your Educational Achievements
3. Your professional achievements related to the work.
4. Your marriage status.
5. Your hobbies.
Explanation:
Note,
You will have to make all this very brief, because your interviewer has your resume and he/she will access you based on it.
The question is incomplete as it is missing the figures. The complete question is,
Mercer, Inc. provides the following data for 2019:
Net Sales Revenue 598000
Cost of Goods Sold 350000
The gross profit as a percentage of net sales is ________. (Round your answer to two decimal places.)
Answer:
Gross profit as a percentage of net sales = 0.4147 or 41.47%
Explanation:
The gross profit is a profit earned by a business through its trading activity. It is calculated by deducting the cost of goods sold from the net sales revenue and it is the profit earned by a business before deducting any operating and non operating expenses of the business.
Gross profit = Net Sales - Cost of goods sold
Gross Profit = 598000 - 350000 = $248000
The gross profit as a percentage of net sales is,
Gross profit as a percentage of net sales = Gross profit / Net Sales
Gross profit as a percentage of net sales = 248000 / 598000
Gross profit as a percentage of net sales = 0.4147 or 41.47%
Answer:
Variable Cost -$448,000
Explanation:
The contribution margin formula it's : Net Sales - Variable Costs: Contribution Margin
The contribution margin indicates how much money the company has to cover its expenses not included in the cost of the goods or the variable costs, it is the remaining amount that is used to pay the administrative and sales expenses.
In this case:
Sales : 16.000 x $40 (price) = $640,000
Contribution Margin 30% which means 30%*$640,000 = $192,000
The difference it's the Variable Costs = -$448.000
