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4 years ago

Explain three things you will not do when driving.

1 answer:

7 0

Not texting, Drinking Alcohol, and not falling alseep

Texting: You can get distracted and hit another car and you may die.
Drinking Alcohol: Can you mess with your brain, alcohol limit goes over 0.8
Falling Asleep: Yea, you're dead.....

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Decision makers and analysts look deeply into profitability ratios to identify trends in a company’s profitability. Profitabilit

ahrayia [7]

Answer:

If a company has a profit margin of 10%, it means that the company earned a net income of $0.10 for each dollar of sales. A 10% PROFIT MARGIN MEANS THAT THE COMPANY EARNED 10 CENTS FOR EVERY DOLLAR OF REVENUE.
If a company's operating margin increases but its profit margin decreases, it could mean that the company paid more in interest or taxes. OPERATING PROFIT = GROSS PROFIT - FIXED COSTS, NET PROFIT = OPERATING PROFIT - (INTERESTS AND TAXES). IF TAXES OR INTERESTS INCREASE, NET PROFITS DECREASE

Explanation:

there are several profitability ratios, the most important ones are:

profit margin = net profit / total revenue
gross profit margin = gross profit / total revenue
return on equity = net income / total shareholder equity
return on assets = net income / total assets

4 0

4 years ago

If Ed=2 and price decreases by 1%, by what percentage and in what direction will quantity demanded change?

Arte-miy333 [17]

Given:

Elasticity of Demand = 2

Decrease in price = 1%

To find:

Change in quantity demanded

Solution:

The percentage change in quantity demanded is the mathematical product of the percentage change in price and elasticity of demand. This can be mathematically represented as,

$\% \text{ change in quantity demanded }=\% \text{ change in price }\times\text{Elasticity of demand }\\\\ \Rightarrow \% \text{ change in quantity demanded }=1\times2\rightarrow 2\%$

Since, there is a decrease in price, the demand for the product will increase. Therefore, we can conclude that there will be 2% increase in quantity demanded

3 0

3 years ago

The ledger of Windsor, Inc. at the end of the current year shows Accounts Receivable $84,000; Credit Sales $830,000; and Sales R

ira [324]

Answer:

The answer is given below;

Explanation:

a. Bad Debt Expense Dr.$800

Account Receivable Cr.$800

b. $84,000*11%= $9,240

Credit balance in trail balance ($1,450)

Total $7,790

Bad Debt Expense Dr.$7,790

Account Receivable Cr.$7,790

C. Debit Balance $400

84,000*9%= $7,560

Total $7,960

Bad Debt Expense Dr.$7,960

Account Receivable Cr.$7,960

8 0

3 years ago

BusyBody Company expects its November sales to be 20% higher than its October sales of $ 160 comma 000. Purchases were $ 90 com

lapo4ka [179]

Answer:

Cash balance on November 30 = $77,400

Explanation:

October sales $160,000

November sales $192,000

Calculation: November sales = $160,000 + (160,000 × 20%) = $160,000 + 32,000 = $192,000.

Collection from November $48,000

As 70% will be collected from the next month, therefore we can collect 70% from the month of October = $112,000

Total cash collection in November = $48,000 + $112,000 = $160,000

Cash disbursement for the month of November $110,000 × 30% = $33,000

70% from the month of October $90,000 × 70% = $63,000

Total cash disbursement = $96,000

The cash balance on November 1 = $13,400

Add: cash collection = $160,000

Less: cash disbursement = ($96,000)

Cash balance on November 30 = $77,400

4 0

3 years ago

Arthur Industries entered into the following transactions during the month of June. Purchased supplies for $5,300 cash. Paid $4,

VMariaS [17]

Answer:

S/N Account Titles and Explanation Debit Credit

A Supplies $5,300

Cash $5,300

(To record the purchase of supplies for cash)

B Salaries and wages expense $ 4,480

Cash $4,480

(To record the payment of wages and salaries)

C Prepaid rent $ 560

Cash $560

(To record the payment of prepaid rent for July)

D Accounts receivable $13,400

Service revenue $13,400

(To record the services provided on account)

E Accounts payable $800

Cash $800

(To record the payment made on Accounts payable)

F Cash $310

Unearned revenue/Deferred revenue $310

(To record the unearned services revenue)

G Repairs and maintenance expense $410

Accounts payable $410

(To record the accounts payable for repairs expenses incurred)

H Equipment $740

Cash $740

(To record the purchase of equipment for cash)

8 0

3 years ago