Answer:
1. A company had net sales of $760,200 and cost of goods sold of $547,400. Its net income was $19,340. The company's gross margin ratio equals:______
c. 28.0%.
2. The monetary unit assumption means that all companies doing business in the United States must express transactions and events in US dollars.
A. True
3. Paid-in capital is the total amount of cash and other assets the corporation receives from its stockholders in exchange for its stock.
A. True
Explanation:
Gross profit margin is calculated by dividing the gross profit by the sales and multiplying by 100. In this case, the gross profit is $212,800 ($760,200 - $547,400). The amount, $212,800, then divided by $760,200 and multiplied by 100 to obtain approximately 28%.
The dollar is the monetary unit for all business transactions conducted in the United States. The accounting assumption behind the monetary unit means that all transactions conducted in the United STates are reported in dollars.
The monthly payments, given the selling price, the down payment, and the rate is, D. $540.17
<h3>How to find the monthly payment?</h3>
First, find the loan amount:
= Selling price - down payment
= 104, 000 - 24, 000
= $80, 000
The monthly payment is an annuity because it is constant. To find this annuity, find the monthly periodic rate and the number of monthly periods:
Monthly rate :
= 6.5% / 12
= 6.5%/12
The number of periods is:
= 25 x 12
= 300 months
Then put this into an annuity calculator to find the monthly payment to be:
= Loan amount / Annuity factor
= 80, 000 / 148.1
= $540.17
Find out more on monthly payment at brainly.com/question/27926261
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Conscience is the inner feeling which tell us what is right or wrong. It controls our actions, thoughts and behavior. So the answer is: In ethics, our conscience is what tells us whether something is <span>a. Wrong or right</span>.
