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umka21 [38]
3 years ago
14

How is the profit margin computed? A ) by subtracting ending inventory from the goods available for sale B ) by dividing the amo

unt of gross profit by net sales C ) by dividing net income by net sales D ) by dividing net cash provided by operating activities by net income
Business
1 answer:
CaHeK987 [17]3 years ago
4 0

Answer:

C

Explanation:

The formula for Profir Margin = <u>(Net Income/Net Profit)</u>

                                                       Net Sales/Revenue

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A company inserts winning prize tickets into 10,000,000 of its products. 1 of the tickets is a large cash prize, 1,600,000 are s
netineya [11]

Answer: Large Cash Prize is A. 0000001

Small Cash Prizes is B. 0.16

Free Samples is C. About 0.84

Explanation:

Large Cash Price

The probability of winning 1 large Cash price is 1 out of 10 million so that would be,

= 1/10,000,000

= 0.0000001 which is option A

Small Cash Prices

Probability of winning a Mall Cash price is 1,600,000 out of 10,000,000 which would be,

= 1,600,000/10,000,000

= 0.16 which is Option B

Free Samples

Winning free samples of the Company's products would be,

= 10,000,000 - 1,600,000 - 1

= 8,399,999

Now we divide by 10,000,000

= 8399999/10,000,000

= 0.83999

= 0.84 so option C

5 0
3 years ago
On January 1, 2012, Piper Co., purchased a machine (its only depreciable asset) for $600,000. The machine has a five-year life,
kirza4 [7]

Answer:

Piper should report $308,000 as net income for the year . Option C

Explanation:

Accumulated Depreciation till 2014 = [$600,000×(5+4+3)] ÷ 15 = $ 480,000

Book Value at beginning 2015 = $600,000 - $480,000 = $120,000

Depreciation Expense in 2015 = $120,000 ÷ 2 = $60,000

Net Income before depreciation & taxes = $ 500,000

Depreciation = $ 60,000

Electronic Benefits Transfer = Net Income before depreciation & taxes - Depreciation

= $ 500,000  - $ 60,000  

=$ 440000

Tax Expenses = $440,000 × 30% = $132,000

Net Income =$ 308,000

4 0
3 years ago
alderwood company has provided the following information prior to any year-end bad debt adjustment: cash sales, $455,000 credit
nordsb [41]

If  sales discounts, $57,000 allowance for doubtful accounts credit balance, $3,800 alderwood prepares an aging of accounts receivable and the result shows that 5% of accounts receivable is estimated to be uncollectible. The bad debt expense is:$13,450.

<h3>How to determine the Bad debt expenses ?</h3>

First step is find the Required Balance using this formula

Required Balance =Accounts Receivables × Percentage of Uncollectible

Let plug in the formula

Required Balance =$345,000 × 5%

Required Balance =$17,250

Now let find the bad debt expenses using this formula

Bad debt expenses = Required Balance - Existing Credit Balance

Let plug in the formula

Bad debt expenses = $17,250 - $3,800

Bad debt expenses = $13,450

Therefore we can conclude that the Bad debt expenses  is the amount of $13,450.

Learn more about Bad debt expenses here: brainly.com/question/24871617

#SPJ1

​

6 0
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