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3 years ago

Why is gross profit more important than net profit

1 answer:

4 0

Gross profit shows how much money you made in relation to the cost of goods sold, this calculation is very important when you need to know wether a product is profitable or not. Net profit also substracts the expenses (building machinery,etc).

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... you purchased a soda or

Ann [662]

Answer:what's the price?

Explanation:

3 0

3 years ago

Read 2 more answers

Suppose the tax rate on the first $10,000 income is 0 percent; 10 percent on the next $20,000; 20 percent on the next $20,000; 3

nordsb [41]

Answer:

Th answer is: Marginal tax rate for Family A is 20%, average tax rate is 12%. There is no Family B in the question.

Explanation:

Family A's tax rate are as follows:

Income Tax rate

up to $10,000 0%

$10,000 to $30,000 10%

$30,000 to $50,000 20%

$50,000 to $80,000 30%

over $80,000 40%

Since Family A's income is $50,000, their marginal tax rate is 20%, and its average tax rate is = [($20,000 x 10%) + ($20,000 x 20%) / $50,000] = ($2,000 + $4,000) / $50,000 = $6,000 / $50,000 = 12%

6 0

3 years ago

Adjust the separate financial statements of Parent Inc. to reflect the proposed acquisition. Adjust Parent's pro forma 2019 fina

Dvinal [7]

Answer:

Separate financial statement are adjusted and prepared for parents and subsidiaries.

Explanation:

6 0

3 years ago

Once the production is in performance mode, who is the most important person in the show? the protagonist the director the stage

Darya [45]

Once the production is in performance mode, the most important person in the show is the stage manager.
The stage manager organizes and coordinates the theatrical production. He/she schedules and runs rehearsals and organizes the production and coordinates the communications between various personnel.

5 0

4 years ago

Adjusting entries affect at least one balance sheet account and at least one income statement account. For the entrie below, ide

Virty [35]

Answer and Explanation:

According to the given situation, the income statement and balance sheet as per parts is shown below:-

Accounts Account Title Financial statements

For Part A

Debit Accounts receivable Liability account Balance sheet

Credit Consulting service Income statement

revenue

For Part B

Debit Interest receivable Liability account Balance sheet

Credit Interest revenue Income statement

For Part C

Debit Accounts receivable Assets account Balance sheet

Credit Service Revenue Income statement

For Part D

Debit Janitorial expense Income statement

Credit Janitorial expense Liability account Balance sheet

Payable

For Part E

Debit Rent expenses Income statement

Credit Rent expenses Liability account Balance sheet

payable

8 0

4 years ago