The measure of a product, service, or company's profitability is its profit margin. The bigger the percentage representing the profit margin, the more profitable the company is.
Profitability is gauged by profit margin. Finding the profit as a proportion of revenue is used to calculate it.
Profit margin=44.9%
Explanation to the answer:
Profit margin =Net income / sales
=7,050,000 / $ 15,700,000
=0.44904
=44.9%
Profit margin =44.9%
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Answer:
6.5%
Explanation:
Number of people unemployed = 237,000
Labor force = 5 million - 1.3 million - 50,000
Labor force = 3.65 million
Unemployment rate = Number of people unemployed/Labor force*100
Unemployment rate = 237,000/3.65 million*100
Unemployment rate = 6.4931501%
Unemployment rate = 6.5%
Answer:
70.3%
Explanation:
Current period cost-to-retail percentage is:
- Beginning inventory $70,000 $107,000
- Plus: Net Purchases $302,290 $450,000
- Plus: Net markups $23,000
- Less: Net markdowns ($43,000)
Goods available for sale (excluding beginning inv.) $302,290 $430,000
Goods available for sale (including beginning inv.) $372,290 $537,000
Cost-to-retail percentage = $302,290 / $430,000 = 70.3%
Answer:
The answer is $13,558
Explanation:
βP = 1.0 = 1.48A+ [.72 × (1-A)]
A = .368421
Investment in Stock A = $36,800 × .368421 = $13,558
Answer:
Terry's Closing Inventory is $131,360.
Terry's Gross profit is $431,360.
We follow these steps to arrive at the answers:
<u>1. Calculate the base value of closing inventory (CI):</u>
<u>2. Calculate additions to inventory at base price</u>
<u>3. Calculate the value of additions to inventory at current prices</u>
<u>4. Calculate the value of Closing inventory</u>
<u>5. Compute Cost of Goods Sold (COGS):</u>
<u>6. Compute Gross profit</u>
