The markup percentage tells you how much money a business makes off each sale. If Dani is selling products with a higher mark up, this means she makes more money off each dollar of sales. In this case, you would expect Dani's profit margins to increase due to the increased markup percentage.
Answer:
A and C
Explanation:
Construction of custom homes and
Manufacturing of heavy-duty machinery would most likely make use of job order costing.
Job Order Costing is useful for allocating costs based on a specific job order. It is a system that assigns and accumulates what it costs to manufacture an individual unit of output.
manufacturing businesses that use this system are clothing factories, food companies, air craft manufacturing companies.
service businesses that use the system include movie producers, accounting firms, law firms, hospitals etc.
The financial aid that is given based on the financial status and background of the family of a person is termed as Need Based Aid. Need Based Aid and Need based scholarships are offered by a wide range of institutions to help financially weak families and individuals.
Therefore, the correct answer is
Option D) Need Based
Answer:
a. $12,000
b. $32,000
c. $17,000
Explanation:
The computations are shown below:
a. Net income = (Income tax paid ÷ Tax rate) – Income tax paid
Net income = ($3,000 ÷ 20%) - $3,000
= $12,000
b. Revenues = Cost of goods sold + Income tax paid + Administration expense + Interest paid + Depreciation + Net income
= $9,000 + $3,000 + $4,000 + $2,000 + $2,000 + $12,000
= $32,000
3. EBIT = Net income + Interest expense + Taxes
= $12,000 + $2,000 + $3,000
= $17,000
Answer: C
Explanation:
Since he turned it down, he must have less money to use with it. There would be no other reason for him to turn it down. Therefore, the project value is negative.
