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4 years ago

Matt broderick company began operations on january 2, 2013. it employs 9 individuals who work 8-hour days and are paid hourly

1 answer:

3 0

Assuming the workers are paid $5 per hour and 8 hours per day, each worker will be paid $40 per day. There are 9 workers, the company will spend $320 per day. If the company started on January 2, 2013. It has been spending ($320 x 365 days) $116,800 dollars per year and from 2013 to 2017, it has spent $467,200 since it began operations.

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Consider the following: Lumber Revenues, $120,000; Hardware Revenues, $90,000; Cost of Sales, $130,000; All other costs and expe

ANEK [815]

Answer:

19.05%

Explanation:

Data provided in the question:

Lumber Revenues = $120,000

Hardware Revenues = $90,000

Cost of Sales = $130,000

All other costs and expenses = $35,000

Investment Income = $8,000

Income Tax Expense = $13,000

Net Income = $40,000

Now,

The net profit margin = [( Net income) ÷ (Total revenue ) ] × 100%

The net profit margin = [ $40,000 ÷ ( $120,000 + $90,000 ) ] × 100%

The net profit margin = [ $40,000 ÷ $210,000 ] × 100%

The net profit margin = 0.1905 × 100%

The net profit margin = 19.05%

5 0

3 years ago

Name four reasons for the success of the mongols as conquerors

vagabundo [1.1K]

Here are some of the reasons why the Mongols were so successful as conquerors:
1 they had Genghis Khan - he was a military genius who managed to train his army well and lead them into many battles
2 they were numerous - there were over 10,000 people in the Mongolian army
3 their military strategists were quite crafty - they relied on setting traps and tricking their enemies
4 they used cruelty and fear - everyone was afraid of the Mongols and what they would do to them if they caught them

7 0

4 years ago

The information below relates to the Cash account in the ledger of Novak Company.

VLD [36.1K]

Answer:

A) account reconciliation

Bank account reconciliation:

Bank account balance $16,682

+ deposits in transit $4,580

- outstanding checks $2,513

reconciled bank account $18,749

Cash account reconciliation:

Cash account balance $17,664

+ Note collected $1,660

+ Interest revenue $52

- NSF check (R. Nance) $555

- Bank fees (safety deposit box rent) $72

reconciled cash account $18,749

B) Adjusting entries

September 30, NSF check

Dr Accounts receivable 555

Cr Cash 555

September 30, collection of notes receivable

Dr Cash 1,660

Cr Notes receivable 1,623

Cr Interest revenue 37

4 0

3 years ago

At an architectural firm, all employees except administrative staff are allowed to work whatever hours they choose from monday t

Natali [406]

The answer to this question is flexitime.

<span>Flexitime is a system where in employees are working on a flexible working hour schedule that is agreed by the company management and the employees. An example of flexitime is when an employee is allowed to work at a schedule of 7am-4pm, 7:30am-4:30pm, and 8am-5pm. The employees can choose any of this schedules that is agreeable to them.</span>

8 0

3 years ago

In a guaranty situation, the _____ contract is between the person who agrees to pay the debt if the primary debtor does not an

Natali5045456 [20]

<span>In a guaranty situation, the guaranty contract is between the person who agrees to pay the debt if the primary debtor does not and the original creditor.

The guaranty contract outlines the role of the </span>people in the agreement. It shows the lender to borrow agreement and obligation. This agreement serves as a document to make sure the lender has proof in value to get something in return from lending the money.

8 0

4 years ago