Answer:
pre-bonus income is $33600
Explanation:
given data
bonus = 20% of net income
income before the bonus = $57600
to find out
pre-bonus income
solution
we know pre income bonus is express as
pre-bonus income = bonous + share of income ............1
so bonus = 20/120 × 57600 = $9600
and share of net income = 1/2 × ( 57600 - 9600)
share of net income = $24000
so from equation 1
pre-bonus income = bonous + share of income
pre-bonus income =9600+ 24000
pre-bonus income is $33600
Answer:
The gross profit margin of Candy Company is 65% (second option)
Explanation:
The gross profit margin is defined as:
Mg = (sales - costs) / price of sales
If for Candy Company the cost are $112,000 and sales $320,000 then the gross profit margin is:
Mg = ($320,000- $112,000) * 100% / $320,000 =
Mg = $208,000 * 100% / $320,000 = 0.65 * 100%
Mg = 0.65 * 100%
Mg = 65%
It would be an informative resource
Given the above scenario, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.
<h3>What is product maximization?</h3>
Product maximization refers to the process via which two trading nationalities or entities focus on the goods where they have the least opportunity cost.
Thus, n this case, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.
Learn more about Product Maximization at;
brainly.com/question/4171648
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Answer:
$3,750
Explanation:
Cost of patent $45,000
Useful Life 12
Amortization Expense for 2nd year =$3,750 (45,000/12)
Amortization Expense-Patent Dr.$3,750
Accumulated Amortization-Patent Cr.$3,750
