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lions [1.4K]
3 years ago
12

During the year ended December 31, 2017, State Street Corporation had the following results: Sales revenue $267,000: cost of goo

ds sold $107,000: net income $92,400: operating expenses $55,400: net cash provided by operating activities $108,950. How much is the company’s profit margin? 40.0% 20.5% 60.0% 34.6%
Business
1 answer:
mel-nik [20]3 years ago
5 0

Answer:

34.6%

Explanation:

The formula to compute the company's profit margin is shown below:

Profit margin = (Net income) ÷ (sales revenue) × 100

                     = ($92,400) ÷ ($267,000) × 100

                     = 34.60%

It shows a relationship between the net sales or sales revenue and the net income which is earned by the company. All other items which are mentioned in the question are irrelevant. So, these are not considered in the computation part. Hence, ignored it

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At the beginning of November, Watson Industries has a cash balance of $3,461,000. They have expected cash receipts of $712,000 a
Ahat [919]

Answer:

$224,000

Explanation:

The computation of the borrowed cash amount is shown below:

= Cash balance + expected cash receipts - expected cash disbursements - minimum monthly balance

= $3,461,000 + $712,000 - $1,397,000 - $3,000,000

= $224,000

Simply we add the expected cash receipts and less the expected cash disbursements and minimum monthly balance to the cash balance so that accurate value can come.

4 0
3 years ago
Heavy​ Products, Inc. developed standard costs for direct material and direct labor. In​ 2017, AII estimated the following stand
Nitella [24]

Answer:

Direct labor efficiency variance= 0

Explanation:

Giving the following information:

Direct labor 0.2 hours $ 35 per hour. During​ June, Heavy Products produced and sold 16,000 containers using 3,200 direct manufacturing labor-hours at an average wage of $ 51.00 per hour.

Direct labor efficiency variance= (Standard Quantity - Aactual Q)*standard rate

Direct labor efficiency variance= (0.2*16,000 - 3,200)*35= 0

5 0
3 years ago
PLEASE HELP FAST!!!
maria [59]
It’s C because it’s balanced
7 0
3 years ago
Read 2 more answers
Ima, Boyd, and their fellow employees at Endrun work on an assembly line and do not have a specialized skill. If they are succes
ANEK [815]

Answer:

An industrial union

Explanation:

Industrial unionism is a labour union organizing method through which all workers in the same industry are organized into the same union, regardless of skill or trade, that is it combines all workers, both skilled and unskilled, who are employed in a particular industry thus giving workers in one industry, or in all industries, more leverage in bargaining and in strike situations.

4 0
3 years ago
Clemens Inc. is considering a $100 million investment in a new line of soft drinks. However, $100 million is a huge investment f
BARSIC [14]

Answer:

Expand

Explanation:

Since future market demand is not ceratin so company use to invest portion of fund to determine demand of product and opportunity in market. if they find that there is demand and opportunity in market then they invest large amount.

This process is called real option to Expand the business.

Hence, option (expand) is correct answer.

6 0
3 years ago
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