Answer:
Profit margin = 9.74%
Explanation:
We know,
Profit Margin = (Net income after tax/Net sales) x 100
Profit margin is a profitability ratio that measures the company's overall performance. It also show how company performs financially.
Given,
Year 2,
Net Sales = $484,000
Net income after tax = $47,150
Therefore,
Profit Margin = 
Profit Margin = 9.74%
Hence, company is performing financially well.
Answer:
The maximum deduction is $207,000.
Explanation:
As per MACRS depreciation table 5 years half year conversion depreciation rate for first year is 20% - 100%/5 = 20%
The maximum deduction is $1,035,000 * 20% = $207,000
Answer: $54,000 per production run
Explanation:
As we are dealing with the decision of whether or not to process the good further, the irrelevant cost would be the cost of producing product B from input R.
This is because this cost has already been incurred to produce product B and so is a sunk cost. Sunk costs are irrelevant to the decision to process further.
30,000 units of B were made from 90,000 units R so the cost of B is:
= 30,000 / 50,000 * 90,000
= $54,000
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Answer:
The correct answer is letter "A": True.
Explanation:
The dissolution is the first of two steps in the termination of a partnership. It is followed by the "wind up" process where the firm ends to do business. The longer two or more companies hold a partnership, the worse the damages after the dissolution since at latter stages the firms tend to be more engaged in benefits and responsibilities.
Answer:
The weekly gross pay is $ 360
Explanation:
The total number of hours for which Tamon worked in a week = 40 hours
The total amount of money made by Tamon per hour = $9
The total amount earned in the week for working for 40 hours at the rate of $9 per hour
= 40 * 9
= 360
The weekly gross pay is $ 360
