Answer:
33%
Explanation:
The gross profit percentage is also known as the gross margin which is the ratio of the gross profit to sales. it shows the amount of gross profit earned per $1 of revenue made.
The gross profit is the difference between the sales and the cost of goods sold.
Gross profit for 2016
= $62,000,000 - $41,540,000
= $20,460,000
Gross profit percentage
= $20,460,000
/$62,000,000
= 0.33
= 33%
Answer:
Is referred to as accumulated depreciation.
Explanation:
Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.
The Modified Accelerated Cost Recovery System (MACRS) can be defined as a depreciation system that avails business owners or companies the ability and opportunity to recover or recoup the cost basis of physical assets that have experienced deterioration over a specific period of time.
In the United States of America, the Modified Accelerated Cost Recovery System (MACRS) is used mainly for tax purposes because it gives room for faster depreciation of a physical asset in its first years or initial usage and reduces depreciation as it is being used over a long period of time.
Hence, the total amount of depreciation recorded against an asset over the entire time the asset has been owned is referred to as accumulated depreciation.
Answer:
A. Capital Stock
Explanation:
Accounts are categorized following the accounting equation of assets are equal to equity plus liabilities. Asset accounts track and record the resources that a business owns or controls. Assets being the valuable items that a business uses to generate income or maintain operations.
Equity represents the owner's interest in the business. It comprises capital contributions and retained earnings. Capital stocks belong to equity accounts and not asset accounts.
One technology that depends on the Internet of Things is security systems (IoT). Virtual user desktops are made by VDI.
A security feature for computer logins is SSO. When computers complete intricate, human-like jobs, that is AI.
It's a real thing that has an Internet connection. It may be a thermostat, a lock, an appliance, a light bulb, a fitness tracker, or even a lock.
Imagine having shoes that monitor your heart rate and can alert you about potential health issues. These "smart" shoes are real; you don't need to imagine them.
Over the next five years, the Internet of Things will bring about amazing potential. The Internet of Things (IoT) business still has a long way to go in terms of overall security, even while smart things are just that. "Insecurity by design" refers to how many IoT devices released today were developed with minimal regard for privacy and security safeguards.
Learn more about security here:
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