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aksik [14]
3 years ago
5

Selected data from the Florida Fruit Company are presented below: Total assets $1,500,000 Average total assets 1,850,000 Net inc

ome 175,000 Net sales 1,300,000 Average common stockholders' equity 1,000,000 Net cash provided by operating activities 275,000 Assume that no dividends were declared or paid during the period. Collapse question part (a) Calculate the profit margin. (Round answer to 1 decimal place, e.g. 15.2%.) Profit margin Enter percentages rounded to 1 decimal place %
Business
1 answer:
Mkey [24]3 years ago
5 0

Answer:

13.5%

Explanation:

Relevant data provided for computing the profit margin which is here below:-

Net Income = $175,000

Net Sales = $1,300,000

The computation of profit margin is shown below:-

Profit Margin = (Net Income ÷ Net Sales) × 100

= ($175,000 ÷ $1,300,000) × 100

= 13.5%

Therefore for computing the profit margin we simply applied the above formula.

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Saving money is a(n) ____________________, because it involves less consumption in the present, but the ability to consume more
Leto [7]
The correct answer is an <span>Intertemporal<span> choice.

</span></span><span>Saving money is an </span>Intertemporal choice.<span> because it involves less consumption in the present, but the ability to consume more in the future. Its a personal choice which people make accordingly depending on their needs, money and time.</span>
5 0
3 years ago
Fredrick purchased a property worth $150,000 on mortgage. He paid $30,000 as a down payment on this property. However, a recent
Eva8 [605]

Answer:

Real estate short sale

Explanation:

Real estate is defined as a piece of land and any attached property that is constructed on it.

In real estate business a real estate short sale occurs when the person that owns a property decides to sell the property at a price that is less than the amount on the mortgage.

This usually occurs as a result of financial distress of the owner.

In the given scenario the property has a mortgage value of $150,000 and down payment of $30,000 has been made.

The mortgage amount is now $150,000 - $30,000 = $120,000

However they now sell the property for $115,000 which is less than the remaining mortgage value of $120,000.

This is and example of real estate short sale.

5 0
3 years ago
According to keynes what should the government do to improve economic conditions during a recession? group of answer choices
Dvinal [7]

Keynesian economics argues that demand drives supply and that healthy economies spend or invest more than they save. To create jobs and boost consumer buying power during a recession, Keynes held that governments should increase spending, even if it means going into debt.

Keynesian economics is a variety of macroeconomic theories and models of how aggregate demand significantly affects economic output and inflation. From a Keynesian perspective, aggregate demand does not necessarily match the economy's capacity. Instead, it is influenced by many factors that affect production, employment, and inflation.

Keynesian economists generally argue that aggregate demand is volatile and unstable, and as a result, market economies often experience inefficient macroeconomic consequences. They further argue that these economic fluctuations can be mitigated through coordinated economic policies between governments and central banks. Fiscal and monetary policy measures, in particular, help stabilize economic output, inflation, and unemployment throughout the business cycle. Keynesian economists generally advocate a regulated market economy. Although primarily the private sector, it plays an active role in government intervention during recessions.

Learn more about Keynesian economics  here : brainly.com/question/20036871

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3 0
2 years ago
What is prohibited in a command economy?
aleksandr82 [10.1K]
The answer is b I’m pretty sure
8 0
3 years ago
On November 1, Year 1, Black Lion Company forecasts the purchase of raw materials from an Argentinian supplier on February 1, Ye
Alchen [17]

Answer:

Option B: 70,900 decrease in net income

Explanation:

Net impact on black lion company's year 2 net income as a result of this hedge of a forecast foreign currency purchase can be calculated by summing up the Option expense, cost of goods sold and adjustment to net income in year 2 .

NET IMPACT ON YEAR NET INCOME

Option expenses                    (900)

Cost of goods sold               (72,000)

Adjustment to Net Income     2000

Decrease in Net Income       (70,900)

Working

                                                                                   DEBIT     CREDIT

Option expense                                                         900

Foreign currency Option                                           1100

(0.35 - 0.36) x 200,000 = 2000

2000 - 900 = 1100

Accumulated other comprehensive income                                2000

                                                              DEBIT           CREDIT

Foreign currency                                  72,000

(200,000x0.36)

Cash                                                                             70,000

(200,000x0.35)

Foreign currency option                                             2,000

                                                 DEBIT        CREDIT

Cost of goods sold                 72,000

Foreign currency                                       72,000

                                                                                 DEBIT     CREDIT

Accumulated other comprehensive income          2000

Adjustment to Net Income                                                     2000

7 0
3 years ago
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