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koban [17]
3 years ago
10

Sapien Corporation has provided the following data for the most recent year: Sales $1,340,000 Gross margin $460,000 Net operatin

g income $ 54,846 Net income before taxes $ 41,846 Net income $27,200 The company’s gross margin percentage is closest to:a.1691.2% b. 52.3% c. 5.9% d. 34.3%
Business
1 answer:
natima [27]3 years ago
5 0

Answer:

Option (d) is correct.

Explanation:

Given that,

Sales = $1,340,000

Gross margin = $460,000

Net operating income = $54,846

Net income before taxes = $41,846

Net income = $27,200

Gross margin percentage is calculated by dividing the gross margin with sales.

Gross margin percentage:

= (Gross margin ÷ Sales ) × 100

= (460,000 ÷ 13,40,000)  × 100

= 34.3 % (Approx)

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Bellue Inc. manufactures a single product. Variable costing net operating income was $115,600 last year and its inventory decrea
Delicious77 [7]

Answer:

absorption costing net operating income = $106400

Explanation:

Manufacturing overhead in inventory =  Fixed manufacturing overhead in ending inventory - Fixed manufacturing overhead in beginning inventory

Since the fixed overhead cost was $4 for both unit in beginning and in ending inventory

 $4 per unit × (−2,300) = −$9200

Variable costing net operating income =  $115600

subtract fixed manufacturing overhead costs released from inventory

(9200 )  from Variable costing net operating income

Absorption costing net operating income =  Variable costing net operating income -  fixed manufacturing overhead costs released from inventory

Absorption costing net operating income  = 115600 - 9200 =  $106400

5 0
3 years ago
PLEASE HELP!<br> Question: Give an example of a Trademark in Business.
Ilia_Sergeevich [38]
Any word, name, symbol, or device; any combination thereof adopted and used by a manufacturer or merchant to identify his goods and distinguish them from those manufactured or sold by others
6 0
3 years ago
Over time the average rate of return stocks is?
lana66690 [7]
I think answer should be a. Please give me brainlest let me know if it’s correct or not okay thanks bye
8 0
3 years ago
On January 1, 2020, Mirada, Inc. issued five year bonds with a face value of $100,000 and an annual stated rate of 8%. Interest
Sergio039 [100]

Answer:

Book Value of bond = $106,931

Explanation:

Given:

Face value of bond = $100,000

Issue price = $108,425

Computation:

Interest payment = $100,000 x 8%

Interest payment = $8,000

Interest expense = $108,425 x 6%

Interest expense = $6,505.50

Amortization of premium = $8,000 - $6,505.50

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3 0
3 years ago
The Mighty Music Company produces and sells a desktop speaker for $100. The company has the capacity to produce 50,000 speakers
castortr0y [4]

Answer:

$75

Explanation:

Calculation to determine what selling price will the company be indifferent between accepting and rejecting the special order

Using this formula

Selling price between accepting and rejecting the special order= ( Additional cost ÷ Units sold number) + Unit level Cost

Let plug in the formula

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Selling price between accepting and rejecting the special order= $75

Therefore The selling price that the company will be indifferent between accepting and rejecting the special order is $75

8 0
3 years ago
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