Answer:e. 17.34%
Explanation:
Profit margin shows how the activities of a firm or business activity are profitable by taking into accounts costs involved in producing and selling goods.
it can be calculate in three ways using the Gross profit margin formulae, Net Profit Margin formulae or the Operating margin formulae
Given
net sales = $773,000
net income = $134,000
Total assets of $7,714,260
We will use the Operating margin formulae which is the ratio of the Operating income to Revenue multiplied by 100
Profit margin =Operating income ( Net Income )/Revenue ( Net Sales) x 100
Profit margin = $134,000/$773,000 x 100
=0.173 x 100
=17.335 rounded to 1`7.34%
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer: $2000
Explanation:
From the question, we are informed that Development Associates (DA) agrees to buy five acres of land from Eastside Properties for $15,000 and that Eastside fails to go through with the deal on the agreed date, when the market price of the land is $17,000.
The amount that will be recovered by Development Associate will be the difference between the market price of the land on the agreed date and the initial amount that DA wanted to pay
This will be:
= $17,000 - $15,000
= $2000
Answer:
$926,000
Explanation:
For computing the initial cost of the warehouse project, we consider the current value of the land i.e represent the opportunity cost and the land value which is purchased six years ago for $874,500 represent the sunk cost which is not recoverable now. So, this sunk cost is not relevant.
And, the lease cost is also not relevant as the lease period will be ended soon.
All other information which is given is not relevant. Hence, ignored it
Answer:
D. Stare Decisis.
Explanation:
Stare Decisis refers to a legal doctrine in which the courts adhere to the precedents that are set by the last decisions. It adheres the prior cases and on the same time it also make a rule on the same case.
Since in the given situation, the criminal defendants in the past period has shown the defense in the same cases so the judge applied the Stare Decisis to figure out that is defense is available to him or not
Therefore the correct option is D.