U.S. macroeconomic policy package of 1965-1968
Answer:
The company’s profit margin for the current year ended December 31 (rounded to the nearest decimal point) is 20%
Explanation:
Use the following formula to calculate the Profit Margin
Profit Margin = 
Where
Net Income = $20,000
Net Sales = $100,000
Placing values in the formula
Profit Margin = 
Profit Margin = 0.2 x 100
Profit Margin = 20%
Answer:
Desert Company
The amount of notes payable that should be recorded as a current liability will be $520,000.
Explanation:
The 8% notes payable had been refinanced to a long-term notes payable. But, the 7% notes payable was still being negotiated for refinancing. Since the refinancing had not been agreed, the notes payable would still have a balance of $520,000. However, a note in accounts could state the fact that the notes payable was being negotiated for refinancing.
Answer: The Option "d.returning inventory that is defective or broken" is NOT an example of safeguarding inventory.
Explanation: If we analyze the statements:
a.physical devices such as two-way mirrors, cameras, and alarms - These are all tools intended for protection against possible inventory theft.
b.storing inventory in restricted areas - Restricting access only to inventory-enabled personnel is able to protect the inventory much more than if anyone can access it.
c.matching receiving documents, purchase orders, and vendor's invoice - Controlling each of the purchase documents and performing the physical count reduces the possibilities of inventory differences for losses or errors.
d.returning inventory that is defective or broken - Returning the defective inventory is a post-echo action that occurred due to the unprotection of the inventory, therefore it could not be referred to as an example of inventory protection.
