Answer:e. 17.34%
Explanation:
Profit margin shows how the activities of a firm or business activity are profitable by taking into accounts costs involved in producing and selling goods.
it can be calculate in three ways using the Gross profit margin formulae, Net Profit Margin formulae or the Operating margin formulae
Given
net sales = $773,000
net income = $134,000
Total assets of $7,714,260
We will use the Operating margin formulae which is the ratio of the Operating income to Revenue multiplied by 100
Profit margin =Operating income ( Net Income )/Revenue ( Net Sales) x 100
Profit margin = $134,000/$773,000 x 100
=0.173 x 100
=17.335 rounded to 1`7.34%
Answer: Amount should Jent report as gain on the sale of bonds : <em>$22000</em>
Explanation:
Given:
Bonds purchased at a discount of $10,000
Bonds sold at a premium of $14,000
Amortization of the discount amounted to $2,000.
Therefore, gain on the sale of bonds can be computed as:
Gains = (Cost + Premium) - (Cost - Carrying Cost)
∵ Carrying Cost = Purchasing Cost - Amortization
Carrying Cost = 10000 - 2000
Carrying Cost = $8000
∴ Gains = (10000 + 14000) - (10000 - 8000)
<u><em>Gains = $22000 </em></u>
Y equals x plus 15 but write that as an equation, not in words, sorry, i bet you are a great person, keep it up, love yourself, dont succumb to bad habits
Answer: The correct answer is "d. ask Morgan to submit to a second type of drug test at another laboratory.".
Explanation: Given this scenario, the HR manager should: ask Morgan to submit to a second type of drug test at another laboratory to prove whether Morgan has actually used drugs and evaluate whether it is convenient to hire him or not.