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AysviL [449]
2 years ago
13

a company earned $3,000 in net income for october. its net sales for october were $10,000. its profit margin is

Business
1 answer:
kari74 [83]2 years ago
6 0

Answer:

30%

Explanation:

The computation of the profit margin is shown below:

Given that

Net income earned for the month of October = $3,000

And, the net sales for the month of October is $10,000

Based on the above information, the profit margin is

= Net income ÷ Net sales

= $3,000 ÷ $10,000

= 30%

By dividing the net income from the net sales we can get the profit margin and the same is to be considered

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Cheyenne Corp. had the following transactions during the current period.
Soloha48 [4]

Answer:

Mar. 2 Issued 4,000 shares of $4 par value common stock to attorneys in payment of a bill for $21,200 for services performed in helping the company to incorporate.

Dr Incorporation expenses 21,200

    Cr Common stock 16,000

    Cr Additional paid in capital - common stocks 5,200

June 12 Issued 56,400 shares of $4 par value common stock for cash of $305,500.

Dr Cash 305,500

    Cr Common stocks 225,600

    Cr Additional paid in capital - common stocks 79,900

July 11 Issued 1,950 shares of $100 par value preferred stock for cash at $130 per share.

Dr Cash 253,500

    Cr Preferred stocks 195,000

    Cr Additional paid in capital - preferred stocks 58,500

Nov. 28 Purchased 2,560 shares of treasury stock for $78,500.

Dr Treasury stocks 78,500

    Cr Cash 78,500

Treasury stocks account is a contra equity account which decreases the value of stockholders' equity.

8 0
3 years ago
On June 15th, Buehler Company sells merchandise on account to Chaz Co. for $1,000, terms 2/10, n/30. On June 20th, Chaz Co. retu
mestny [16]

Answer:

$ 686

Explanation:

Given:

Amount paid = $ 1000

Discount offered = 2/10 = 2%

Value of returned merchandise = $ 300

Cash received = $ 1000 - $ 300 = $ 700

now 2 % deduction for the return within the given return period

thus,

net cash received = $ 700 - ( 2% of $ 700 )

or

net cash received = $ 700 - $ 14

hence,

net cash received = $ 686

6 0
2 years ago
Walmart is thinking about offering a 25% discount on a brand of shoes. If the elasticity of demand is two, then the discount wou
vitfil [10]
Elasticity of demand is a measurement used in economics to show how people respond and demand a product or service when nothing but the price changes. 

If Walmart were to discount a shoe by 25% and the demand of the shoes is two pair, sales would increase by 50%. People are purchasing two pairs at this price and receiving 25% off of each pair.
5 0
3 years ago
Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when
swat32

Answer:

Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when no workers are hired. In addition, suppose that the average total cost when 5 units of output are produced is $60, and the marginal cost of the sixth unit of output is $120. What is the average total cost when six units are produced

4 0
2 years ago
Would walmart be able to offer such low prices if they were a different type organization?
zheka24 [161]

No, Walmart won't be able to offer such low prices if they were a different type organization

Walmart might soon follow in the footsteps of Borders booksellers, Sam Goody's record stores, and other once-dominant retailers whose market share shrank and finally collapsed as online sales got steadily larger if it didn't keep its pricing low enough to compete with e-commerce behemoths like Amazon.

Walmart has kept operating costs down since its inception in the early 1960s by heeding the advice of its late founder and namesake Sam Walton. Even after becoming a multi-millionaire, Walton is infamous for still using an old pickup vehicle for transportation. by using low-cost travel choices for executives and by maintaining a simple in-store design.

To learn more about Walmart refer to:

brainly.com/question/16607243

#SPJ4

5 0
1 year ago
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