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mina [271]
3 years ago
8

GoodTimes, Inc. has asset turnover of 0.5 times, a net profit margin of 10% and average total assets of $100, what is its net in

come (assuming no unusual items)?
Business
1 answer:
adelina 88 [10]3 years ago
6 0

Answer:

$5

Explanation:

Given that,

Asset turnover ratio = 0.5 times

Net profit margin = 10 percent

Average total assets = $100

Asset turnover ratio = sales ÷ Total asset

0.5 = sales ÷ $100

sales = $50

Profit margin = Net income ÷ sales

0.10 = Net income ÷ $50

Net income = $5

Therefore, the net income of GoodTimes, Inc. is $5.

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3 years ago
How have airplanes changed the way the world does business? Check all that apply.a) by making long trips less expensiveb) by mak
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2 years ago
A ______ tax structure applies the same tax rate to all levels of income, while a ______ tax structure applies higher tax rates
valina [46]

1. <u>Proportional taxation</u> applies where the same tax rate is used no matter the level of income.

2. A <u>progressive tax structure</u> uses higher tax rates with increases in the tax base.

3. A <u>regressive tax structure</u> applies lower tax rates despite increases in the tax base.

<h3>The differences between the tax structures</h3>

The implication of the above explanations is that a progressive tax system takes a larger percentage of income from high-income groups than from low-income groups. A proportional tax system takes the same percentage of income from all income groups, while a regressive tax structure operates from the opposite angle, taking a larger percentage of income from low-income groups than from high-income groups.

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Learn more about the progressive, proportional, and regressive tax structures here: brainly.com/question/13701600

3 0
2 years ago
Coal Miner Co. acquired coal rights for $100,000,000. It is estimated that there are 2,500,000 tons of the resource, and during
Stells [14]

Answer:

$20,000,000

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Depletion expense

= (cost / total estimated minerals) x minerals extracted

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3 years ago
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