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Anna35 [415]
3 years ago
7

TravelLite and FareLine compete as online travel agencies. Historically, TravelLite has focused more on flights, whereas FareLin

e has focused on hotel bookings. The following amounts were reported by the two companies in 2015. (in millions) Net Income Total Assets Total Liabilities Total Revenues TravelLite $ 1,080 $ 9,010 $ 6,400 $ 6,430 FareLine 3,020 8,490 4,270 7,660 Required: Calculate each company’s net profit margin expressed as a percent. (Round your answers to 1 decimal place.)
Business
1 answer:
DENIUS [597]3 years ago
6 0

Answer:

16.80% and 39.43%

Explanation:

The formula to compute the net profit margin is shown below:

Net profit margin = Net income ÷ Total revenues × 100

For Travel lite, the net profit margin is

= $1,080 ÷ $6,430 × 100

= 16.80%

And, for fare line, the net profit margin is

= $3,020 ÷ $7,660 × 100

= 39.43%

By dividing the net income or net profit by the total revenues we can get the net profit margin or we can say it is profit percentage that is earned by the company

It is always expressed in percentage

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Which of the following would help in the creation of a visual workplace?
SCORPION-xisa [38]

Answer:

a) Arrows painted on the floor indicating the flow of the process

Explanation:

A visual workplace is created when there are use of visual symbols to communicate and direct employees on how things are to be done.

Visual workplace has the advantage of always being available to direct employees on how to get things done.

Even when employees are working at some distance apart they can easily get directions on what to do as long as they can see the visual symbols.

For example arrows painted on the floor indicating flow process is a visual symbol that helps employee know the process flow of the operation

5 0
3 years ago
a. The loss on the cash sale of equipment was $5,125 (details in b). b. Sold equipment costing $46,875, with accumulated depreci
alexgriva [62]

The completed question is

Statement of cash flows Forten Company, a merchandiser, recently completed its calendar-year 2019 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company's balance sheets follow. 2019 2018 Assets Cash $ 49,800 $ 73,500 Accounts receivable 65,810 50,625 Inventory 275,656 251,800 Prepaid expenses 1.250 1.875 Total current assets 392,516 377.800 Equipment 157,500 108,000 Accum. depreciation Equipment (36.625) (46,000 Total assets $513.391 $439,800 Liabilities and Equity Accounts payable S53,141 $114.675 Short-term notes payable 10.000 6.000 Total current liabilities 63,141 120,675 Long-term notes payable 65.000 48.750 Total liabilities 128,141 169,425 Equity Common stock, $5 par value 162.750 150,250 Paid-in capital in excess of par, common stock 0 Retained earnings 185.000 120.125 Total liabilities and equity $513.391 $439.800 Additional Information on Year 2019 Transactions a. The loss on the cash sale of equipment was $5,125 (details in b). b. Sold equipment costing $46,875, with accumulated depreciation of $30,125, for $11,625 cash. c. Purchased equipment costing $96,375 by paying $30,000 cash and signing a long-term note payable for the balance. d. Borrowed $4,000 cash by signing a short-term note payable. e. Paid $50,125 cash to reduce the long-term notes payable. f. Issued 2,500 shares of common stock for $20 cash per share. g. Declared and paid cash dividends of $50,100. h. Depreciation expense was $ 20,750. i. Net income was $114,975. Required Prepare a complete statement of cash flows; report its operating activities using the indirect method. Disclose any noncash investing and financing activities in a note.

Explanation:

Statement of cash flow

Cash flows from operating activities

net income 114,975

Adjustments to reconcile net income to net

cash provided by operations:

Depreciation expense 20,750

loss on sale of Equipment 5,125

increase in account receivable -15185

increase in inventory -23856

Decrease in prepaid expense 625

Decrease in accounts payable -61534

net cash provided by operating activities 40,900

Cash from investing activities

cash from sale of Equipment 11,625

cash for purchase of Equipment -30000

Cash used fro investing activities -18,375

Cash from financing activities

Cash from short term notes payable 4,000

Cash paid for long term notes payable -50,125

Cash from stock issue 50000

paid cash dividend -50,100

Cash used for financing activity -46,225

Net decrease in cash -23,700

Cash at the beginning og the year 73500

Cash at year end 49,800

non cash financing and investing activity

purchase of equipment financed by long term notes payable 66375

4 0
3 years ago
the trasportation costs involved in getting a product to a cosumer after the product has been made are 1. transaction costs 2.co
Elena-2011 [213]
The right answer for the question that is being asked and shown above is that: "<span> 4.independent costs." </span>The trasportation costs involved in getting a product to a cosumer after the product has been made are <span> 4.independent costs</span>
3 0
3 years ago
Self-interest helps achieve society's economic goals because as consumers and producers exercise their ____ to act in their own
aleksklad [387]

Answer:

Self-interest helps achieve society's economic goals because as consumers and producers exercise their<u> freedom</u> to act in their own self-interest markets will produce the desired goods at the<u> lowest </u>possible cost.

5 0
3 years ago
Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio'
MA_775_DIABLO [31]

Answer:

The new portfolio beta is 1.31 rounded off to two decimal places.

Explanation:

The portfolio beta is a function of the sum of the weighted average betas of the individual stock's that form up the portfolio. The portfolio beta is calculated using the following formula,

Portfolio beta = wA * Beta of A + wB * Beta of B + ... + wN * Beta of N

Where,

  • w is the weightage of each stock in the portfolio

The beta of the portfolio when one stock with a beta of 1 is sold is,

The sum of individual stock betas for 19 stocks is = 20 * 1.31  -  1 * 1  = 25.2

The new portfolio beta when one stock with a beta of 0.97 is added is,

Portfolio beta = (25.2 + 0.97) / 20

Portfolio beta = 1.3085 rounded off to 1.31

4 0
3 years ago
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