Which change within the federal government results from the census that is taken every ten years?

An entrepreneur recently purchased Cocoon's, a local deli, on the beach. To operate the business, she estimates that selling and

crimeas [40]

Answer:

27%

Explanation:

The computation of the net profit margin is shown below;

As we know that

net profit margin = Net profit ÷ sales

where

net profit is

<u>Particulars Amount </u>

Sales (200 customers × $12 × 350 days) $840,000

Less: cost of goods sold (200 customers × $4.50 × 350 days) -$315,000

Gross profit $525,000

Less:

Selling and admin expense -$98,510

Depreciation expense - $20,000

Bank loan interest -$76,265

Net income before tax $330,225

Less tax at 32% -$105,672

Net income after tax $224,553

Now the net profit margin is

= $224,553 ÷ $840,000

= 27%

6 0

3 years ago

A firm will exit a competitive market when A. costs force the marginal cost curve to shift to the left. B. the longrun profit wo

kakasveta [241]

Answer:

B. the longrun profit would be negative.

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

A firm would shut down in the short run if price is less than average variable cost and exit if it is making a loss

4 0

3 years ago

Prepare a 2019 individual tax return using the following fact pattern. Compute net tax payable or refund due for Alice and Bruce

Lana71 [14]

Answer:

Oof thats a long question.

Explanation:

4 0

3 years ago

If more workers are added to a company, the hope is that production and profit will ________________.

pishuonlain [190]

Answer: increase

Explanation:increase means to become greater in amount. more workers, more production.

5 0

3 years ago

On January 1, Year 1, Bryson Company obtained a $147,750, four-year, 7% installment note from Campbell Bank. The note requires a

Charra [1.4K]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

1) The amortization schedule is presented on the attachment below:

2).

Journal Entry

1 Jan Cash A/c Dr. $147,750

To Notes payable A/c $147,750

(Being the cash received is recorded)

31 Dec Interest expense A/c Dr. $10,342.50

Notes payable A/c $33,277.50

To Cash A/c $43,620

(Being the annual payment of installment including interest is recorded)

31 Dec Interest expense A/c Dr. $8,013.08

Notes payable A/c $33,606.93

To Cash A/c $43,620

(Being the annual payment of installment including interest is recorded)

31 Dec Interest expense A/c Dr. $5,520.59

Notes payable A/c $38,099.41

To Cash A/c $43,620

(Being the annual payment of installment including interest is recorded)

31 Dec Interest expense A/c Dr. $2,853.83

Notes payable A/c $40,766.17

To Cash A/c $43,620

(Being the annual payment of installment including interest and setting off liabilities is recorded)

3).

Bryson Company

Income Statement

Particular Amount ($)

Revenue -

Expenses

Less - Interest expense 10,342.50

Less - Other expenses -

Net Income -

4 0

3 years ago