Answer:
The profit margin on an item the company sells can best be defined as:
price of the unit minus cost of goods sold
Explanation:
In order to know the profit margin of an item a company sells, the price sold out would be deducted from the original cost of such goods which gives the profit on such item
Answer:
The amount of depreciation expense each year is (D) $31,900
Explanation:
Total cost of the equipment = Purchased cost + Shipping charges + foundation and install fee = $160,000 + $2,000 + $12,500 = $174,500
MacKenzie Manufacturing use the straight-line method, Depreciation Expense each year is calculated by following formula:
Annual Depreciation Expense = (Cost of the equipment − Residual Value )/Useful Life = ($174,500 - $15,000)/5 = $159,500/5 = $31,900
The Roth IRA. The SEP IRA. Simple IRAs and Simple 401(k) Plans (k). You contribute Traditional after-tax dollars to a Roth IRA, retirement money grows tax-free, and you can generally make tax- and penalty-free withdrawals after the age of 5912.
With a Traditional IRA, you can contribute before or after taxes, your money grows tax-deferred, and withdrawals are taxed as current income once you reach the age of 5912. A Roth IRA is an Individual Retirement Account into which you make after-tax retirement. While there are no current-year tax advantages, your contributions and earnings can grow tax-free, and you can withdraw them tax- and penalty-free after age 5912 and five years.
To learn more about retirement, click here.
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For a health profession, the term "accreditation standard" refers to a standard used to determine whether a program of study and the educational institution that offers it equips graduates with the knowledge, abilities, and professional qualities required to practice their profession in Australia.
<h3>What do the accreditation standards serve?</h3>
Higher education accreditation is a collaborative process based on peer and self-evaluation. Its goal is to raise academic standards and public accountability. This ongoing quality control process is often carried out every five to ten years.
A school, postsecondary institution, or program offering is accredited when it has received initial and ongoing confirmation that it satisfies the requirements set by a nationally recognized accrediting agency for membership in the association.
For more information about accreditation standards refer to the link:
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Answer:
$360
Explanation:
We can compute net income to be
The ending balance of retained earnings = Beginning balance of retained earnings + net income - dividend paid.
Where,
Dividend = $482
Change in retained earnings = $122
Hence,
Net income = Dividend - Change in retained earnings
= $482 - $122
Net income = $360
