1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Ruby is considering a college degree. She learned that the total costs (including the tuition, fees, and forgone wages) of a col
Yanka [14]

Answer: Increase of 3.2%

Explanation:

Return on Investment (ROI) is the return that Ruby would make over her college degree fees.

It is the internal rate of return that would equate her future earnings to the investment in college fees.

Change in ROI = 11.18% - 7.98

= 3.2%

Increase of 3.2%

6 0
2 years ago
Rapid Response Security Firm, a company that provides on-site security services for malls and other retail environments, needs t
Arisa [49]

Answer:

False

Explanation:

It is false to conclude that on crucial issues such as this, it is more important to gather information through the informal organization, as opposed to the formal organization because f<u>ormal organizations are designed to achieve crucial goals through the collective work of the individuals who are its members. They rely on a division of labor and hierarchy of power and authority to ensure that the work is done in a unified and efficient manner. while the primary function of informal organizations is basically to maintain cultural values and the provision of social satisfaction for its members.</u>

7 0
3 years ago
Obama Company has identified that Bill Clinton’s receivable account of $100 is uncollectible. What is the journal entry needed t
DerKrebs [107]

Answer:

Allowance for Doubtful Accounts 100 Accounts Receivable 100

Explanation:

The allowance method first estimates an allowance for doubtful debts.When the company receives the actual figure of the amount that have gone wrong, it writes off the  trade receivable and utilizes the allowance provided for

<u>When allowance is estimated </u>

Bad Debts (debit)

Allowance for doubtful debts (credit)

<u>When the  actual figure of the amount that have gone wrong is obtained</u>

Allowance for doubtful debts (debit)

Account Receivable (credit)

4 0
2 years ago
Amy convenes a meeting to rethink the organizational structure to avoid being beat to the market by a competitor again. Based on
Natalija [7]

Amy should reduce hierarchy if she wants to avoid being beaten by competitors.

A reduction of hierarchy will realign the company to achieve its goals faster than operating with a formalized hierarchy. This restructuring or delayering is known as empowerment.

The advantages that Amy will achieve by delayering or reducing hierarchy include:

  • Simplifying the organization's management structures
  • Reducing its bureaucracy
  • Cutting its communication paths
  • Speeding up decision-making
  • Pushing responsibility down to lower organizational levels (through empowerment).

Thus, Amy should rethink the organizational structure by reducing the hierarchy, making the decision-making process accessible.

Learn more: brainly.com/question/10849707

6 0
3 years ago
Pete is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. For his wife's birthday, he
andreev551 [17]

Answer:

GDP is not affected by Pete's production of the jewelry box.

Explanation:

Pete is a woodworker and works 20 hours to prepare a jewelry box to gift his wife. If Pete prepares this jewelry box to sell and earn revenue, this will be considered in GDP but in this case Pete prepares a jewelry box to give his wife as his wife's birthday gift.

All types of gifts received or given in kind are not included in Gross Domestic Production.

6 0
3 years ago
Other questions:
  • EmployIT is a newly established recruitment company. It does not have adequate funds to rent out an office space for its employe
    12·1 answer
  • A(n) __________ is a small group of people brought together for an intensive discussion of a topic. focus group social media sit
    11·1 answer
  • Accompanying a bank statement for Borden Company is a credit memo for $21,200 representing the principal ($20,000) and interest
    6·2 answers
  • Fast delivery trains its truck loaders how to set the packages in the delivery vehicles, so that when delivery drivers are pulli
    6·2 answers
  • The production possibilities curves suggest that:A) West Mudville should specialize in, and export, baseball bats.B) workers wil
    6·1 answer
  • Describe how you can spend wisely or improve your spending habits.
    14·2 answers
  • An FHA-insured loan in the amount of $57,500 at a 6 ½% interest rate for 30 years was closed on March 17. The first monthly paym
    12·1 answer
  • Compute the missing amounts. ​(Enter the contribution margin ratio to nearest​ percent, X%.)
    6·1 answer
  • Newton Corporation was organized on January 1, 20X7. On that date, it issued 200,000 shares of its $10 par value common stock at
    7·1 answer
  • Redi- Cor is trying to compile information about transactions between customers. Which of the following is not a reason Redi- Co
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!