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3 years ago

The three ways of organizing data for use by an organization are:

1 answer:

7 0

The three ways of organizing data for use by an organization are: centralized, structured, and partitioned.
A centralized type of data organization refers to the fact that everything is located and stored in one location. Structured refers to the fact that there are a several structures within one location, and partitioned to a couple of partitions where the data is stored.

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Your boss has asked you to calculate the profitability ratios of Cold Goose Metal Works, Inc. and make comments on its second-ye

Alinara [238K]

Answer:

Gross Margin % 59.2% 53.8%

compares gross profit to sales revenue

Ne income Margin 32.0% 28.9%

compares net income to sales revenue

ROA return on assets 10.8% 12.3%

net earnings relative to the company’s total assets.

ROE return on equity 32.5% 23.1%

net income relative to stockholders’ equity,

Explanation:

Net Sales 3,810,000 3,000,000

Operating costs less depreciation/amortization 1,365,000 1,267,500

Depreciation and amortization 190,500 120,000

Total Operating Costs 1,555,500 1,387,500

Operating Income (or EBIT) 2,254,500 1,612,500

Less: Interest 225,450 169,313

Earnings before taxes (EBT) 2,029,050 1,443,187

Less: Taxes (40%) 821,620 577,275

Net Income 1,217,430 865,912

assets 11,277,600 7,050,000

Equity 3,750,000 3,750,000

Gross Margin % 59.2% 53.8%

compares gross profit to sales revenue

Ne income Margin 32.0% 28.9%

compares net income to sales revenue

ROA return on assets 10.8% 12.3%

net earnings relative to the company’s total assets.

ROE return on equity 32.5% 23.1%

net income relative to stockholders’ equity,

8 0

3 years ago

Diminishing returns are a reason that fixed costs remain constant. the marginal cost curve is upward sloping. the average fixed

Molodets [167]

Answer:

the marginal cost curve is upward sloping.

Explanation:

Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.

This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.

Basically, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.

For example, buying a candy stick and eating it may satisfy your cravings but eating another one (an additional or extra unit) wouldn't give you as much satisfaction as the first due to diminishing marginal utility.

In Economics, the law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.

Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity. A marginal cost curve is upward sloping because of the law of diminishing returns.

4 0

3 years ago

Contingent liabilities should be recorded in the accounts when: it is possible the future event will occur the amount of the lia

slava [35]

Either of the above would be correct

3 0

3 years ago

Hunter's Home Remodeling had cash sales for the month of May totaling $43,700. Hunter offers a 1−year warranty on its construc

Angelina_Jolie [31]

Answer:

warranty expense 2,622 debit

warrant liability 2,622 credit

Explanation:

it will declare a warranty liability equal to the expected cost of the warrant. This is done to match the expenses with the time they occur.

Because, the warrants will be claimed in the subsequent years or the sales made this period.

warrant liability/expense: 43,700 x 6% = 2,622

6 0

3 years ago

According to the AAPC Code of Ethics, which term is NOT listed as an ethical principle of professional conduct?

Tcecarenko [31]

Answer:

The correct answer is letter "E": Efficiency.

Explanation:

The American Academy of Professional Coders (AAPC) is the organization in the U.S. in charge of certifying administrative workers of the healthcare system such as billers, coders, and practice managers. The certifications the AAPC provides are medical coding, medical auditing, physician practice management, just to mention a few.

Within its code, the AAPC establishes five (5) principles of professional conduct which are integrity, respect, commitment, competence, and fairness. Efficiency is not one of them.

7 0

3 years ago