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Zielflug [23.3K]
3 years ago
12

Alpha has assets of $102 million, net income of $4.3 million, and total assets of $97 million. Omega has assets of $12.4 million

, net income of $0.76 million, and total sales of $9.3 million. Based on common-size income statements, which company is more profitable?

Business
1 answer:
emmainna [20.7K]3 years ago
4 0

Answer:

Common-size income statement can be performed by stating each line on the income statement as a percentage of sales or revenue

Explanation:

One indicator of profitability is net profit margin.

The student meant total sales of $97 million.

Please find the attachment for the calculation

Alpha has a net profit margin of 4.4% while Omega has a net profit margin of 8.2%.

Omega is more profitable because it has a higher net profit margin.

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Crane Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available
wlad13 [49]

Answer:

c) $222,500 $313,500

Explanation:

Calculation for cost-to-retail ratio

COST

Beginning inventory $ 30,000

Add: Purchases $190,000

Add: Freight-in $2,500

Cost=$222,500

RETAIL

Beginning inventory $ 45,000

Add: Purchases $260,000

Add: Net markups $8,500

Retail = $313,500

Therefore the cost-to-retail ratio will be $222,500 $313,500

4 0
3 years ago
Chloe enjoys her math classes and show would like to find a career that will allow her to continue to use her math skills which
Morgarella [4.7K]

Answer: definatly B

Explanation:

8 0
3 years ago
Read 2 more answers
Can putting an application form for a new job in with the business mail be considered an example of theft or fraud at work?
mihalych1998 [28]

This stands unprofessional more than theft although technically if the business exists paying for your private postage you stand in theory stealing from your employer.

<h3>What is fraud ?</h3>

Fraud exists as a deliberate act (or failure to act) to acquire an unauthorized benefit, either for oneself or for the institution, by utilizing deception or false suggestions or suppression of truth or other unethical standards, which exist believed and relied upon by others. The definition of an e-mail exists as a message sent from one computer to another over the Internet, utilizing a set web mail server address.

This stands unprofessional more than theft although technically if the business exists paying for your private postage you stand in theory stealing from your employer. It would also look bad if the organization to whom you had applied for the new job had detected that your envelope had been spent for by your employer and they may question your honesty and innocence as a person.

To learn more about fraud refer to:

brainly.com/question/1260589

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4 0
2 years ago
_____ are designed to deal with differences in currencies and fluctuating currency exchange rates, which can cause additional pr
Nesterboy [21]

Answer:

The correct answer is Enterprise resource planning system

Explanation:

Enterprise resource planning system is a system that makes the planning of the company resources. It is mainly used for daily business activities like accounting, operations related to the supply chain, procurement, etc

As per the given question, the system that deal with the fluctuations of the currency exchange rates that created an extra problem so this represents the enterprise resource plannning

5 0
3 years ago
Joseph and denise gave a presentation on how to bake low-calorie cookies. they explained each step, from beginning to end. this
Pani-rosa [81]

Time or sequential order means that you are listing something based on a logical order – it can be a numerical or alphabetical order. Logical reasons order means that you are listing based on how you think it is best presented in order to convey your idea to the audience.

Narrative order is listing something based on how a story should best be told – it may not be sequential, but the intention is to create a cohesive storytelling. Topical order is explaining something starting with the problem first, then the solution.

From all these explanations, the best answer to the question would be (A) time or sequential order.

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