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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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<u>Explanation:</u>

Note,  in the ICT field, the term social engineering refers to actions that involve the use of cunning to steal sensitive or unauthorized information from someone by means of social or human interactions with them.

For example, such information could be manipulatively gotten;

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5 0
2 years ago
Is boohoo a good website? ​
koban [17]

Answer: From what I've heard ,yes!

Explanation:

6 0
3 years ago
1) Issued common stock for $5,000 cash. (2) Earned $3,000 of cash revenue. (3) Paid a $4,000 cash to purchase land. (4) Paid cas
WITCHER [35]

Answer:

-$4,000

Explanation:

The computation of the amount of cash flow from investing activities is shown below:

= Paid a $4,000 cash to purchase land

Since the land is purchase for cash so the amount is to be shown in the investing activities in a negative value as the purchase is the outflow of cash

So the same is relevant

3 0
2 years ago
Your company expects profits to be close to $4,000,000. The board has instructed you to increase retained earnings by approximat
artcher [175]

The amount of dividends and dividend price per share comes out to be $2,000,000 and $20 when the number of shares is assumed to be 100,000.

<h3>What are dividends?</h3>

Dividends are the amounts allocated to share investors by the company up to their shareholdings. It is the amount that is first provided to preferred stock investors.

Given values:

Expected profits: $4,00,000

Increase in Retained earnings: $2,000,000

The number of shares is assumed to be 100,000.

Computation of dividend per share;

\rm\ Dividend \rm\ per \rm\ share=\frac{\rm\ Expected Profits-\rm\ Increase \rm\ in \rm\ Retained \rm\ Earnings}{Number of shares} \\\rm\ Dividend \rm\ per \rm\ share=\frac{\$4,00,000-\$2,000,000}{100,000} \\\rm\ Dividend \rm\ per \rm\ share=\frac{\$2,000,000}{100,000} \\\rm\ Dividend \rm\ per \rm\ share=\$20

Therefore, the amount of the dividend is $2,000,000 at a share price of $20 to be paid this year.

Learn more about the dividends in the related link:

brainly.com/question/14171490

#SPJ1

6 0
2 years ago
On December​ 31, Sulfur Corporation has the following data​ available: Net Income $ 170 comma 000 Interest expense 30 comma 000
Gnom [1K]

Answer:

40%

Explanation:

The computation of the return on equity is shown below:

= (Net income - interest expense) ÷ (weightage average of common​ stockholders' equity)

where,

Weightage average of common​ stockholders' equity equals to

= (Total common​ stockholders' equity at the beginning of the year + Total common​ stockholders' equity at the end of the year) ÷ 2

= ($410,000 + $290,000) ÷ 2

= $350,000

And, the other items values would remain the same

Now put these values to the above formula

So, the value would be equal to

= ($170,000 - $30,000) ÷ ($350,000)

= 40%

5 0
3 years ago
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