Answer:
The common size percentage for the cost of goods sold is 48.05%
Explanation:
The profit margin reflects a company's overall ability to turn income into profit, is calculated by formula:
Profit margin = Net income/Net sales
Delmont movers has a profit margin of 6.2 percent and net income of $48,900
Net sales of the company = Net income/Profit margin = $48,900/6.2% = $788,709.68
The cost of goods sold amounted to $379,000.
The common size percentage for the cost of goods sold = (The cost of goods sold/Net sales) x 100% = ($379,000/$788,709.68) x 100% = 48.05%
Answer:cost of investment/annual net cash flow
Explanation:
Answer:
b.$216,000
Explanation:
The computation of the balance in the capital account for Harrison is shown below:
= Opening balance + additional invested amount - withdrawn amount + net income distributed
= $160,000 + $20,000 - $96,000 + $132,000
= $216,000
We assume that the net income is equally distributed.
Since we have to determine for the Harrison only so we ignored the Marti data which is given in the question
I think this is a multiple choice question
So could you attach the options?!