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3 years ago

Refer to the following selected financial information from our company. Compute the company's profit margin for Year 2.

Business

1 answer:

Marianna [84]3 years ago

3 0

Answer:

a. 14.1%

Explanation:

Year 2

Net Profit Margin = Earnings Before Tax / Sales × 100

= $ 67,250 / $478,500 × 100

= 14.05 or 14.1 %

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Heather Oak is trying to prepare a personal budget and has identified the following list of monthly costs. Identify each cost as

worty [1.4K]

Answer:

Cost Nature Cost driver

Rent Fixed Area per ft

Utilities Variable Units used per activity

Car Payment Variable Km. run

Cell phone bill Variable Charges peer min of usage

Gasoline Variable Usage per in ltr.

Cable Bill Fixed Number of connected devices

Groceries Variable Usage per day

Dining Out Variable Number of days dined out

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3 years ago

Discount Airlines is preparing a contribution margin report segmented by route. The following information is available: Atlanta/

IgorC [24]

Answer:

17.3%

Explanation:

The contribution margin ratio is shown below:

Contribution margin ratio = Contribution margin ÷ Sales × 100

where,

Contribution margin is

= Sales - variable cost

Sales arise from passengers ($1,250 × 7,100) $8,875,000

Less:

Food ($7 × 7,100) $497,00

Selling ($90 × 7,100) $639,000

Fuel ($15 × 190,000) $2,850,000

Wages ($20 × 190,000) $3,800,000

Total variable cost ($7,338,700)

Contribution margin $1,536,300

So, the contribution margin ratio is

= $1,536,300 ÷ $8,875,000

= 17.3%

8 0

3 years ago

You make $10.25 per hour. You have 7.5% of your total pay taken out of your check for your 401K retirement plan. How much will b

Lera25 [3.4K]

The amount that will be taken off the pay check for the 401k retirements plan given all the criteria indicated above is $38.82 (Option D)

<h3>What is the computation justifying the above?</h3>

Given:

Pay Per Hour: $10.25

Bonus: $15.375‬ for every hour worked over forty hours.

Total Hour worked: 47 Hours

Percentage deductible: 7.5%

Total Pay thus =

(40 *10.25) + (7 *15.375)

= $517.625

Total 401 K deduction thus, =

7.5% * 517.625

401K Deduction total = $38.82

Learn more about 401k retirements plan:
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Full Question:

You make $10.25 per hour. You have 71/2% of your total pay taken out of your check for your 401K retirement plan. How much will be taken out for your 401K if you work 47 hours this week? You get paid time-and-a-half for all hours over 40.

Select one:

A. $36.13

B. $69.02

C. $54.20

D. $38.82

E. $14.35

3 0

2 years ago

Xminus−Industries manufactures 3minus−D printers. For each unit, $ 3 comma 200$3,200 of direct material is used and there is $

madreJ [45]

Answer:

Profit= $106,682.52

Explanation:

Giving the following information:

Unitary Variable costs:

Direct material= 3,200

Direct labor= $2,300 ($15 per hour)= 153.33 hours

Manufacturing overhead is applied at $18 per direct labor hour.

Units sold= 42

Selling price= $10,800

Profit= Total sales - total variable cost

Profit= 42*10,800 - (3,200 + 2300 + 18*153.33)*42= $106,682.52

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3 years ago

Suppose that a bank has loaned money to two businesses: a trustworthy computer manufacturer and a risky mining venture. Unfortun

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Answer:

The situation is called insolvency. insolvency is refer to the situation when debtor is unable return its debt. The same is happened in the given situation. In the above case due to not paid by manufacturing unit, bank is unable to pay to depositor.

Insolvency is refer to that critical condition when debtor unable to pay amount to depositor. In the above given case even if bank want to sell its all assets it cannot cover its liabilities.Explanation:

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3 years ago