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vesna_86 [32]
3 years ago
9

The managerial accountant at the Frame Shop reported $4,000,000 of operating income and $9,000,000 in sales revenue for the Stap

le Division.What is the sales margin for the Staple Division?
Business
1 answer:
finlep [7]3 years ago
6 0

Answer:

0.4444

or

= 44.44%

Explanation:

Data provided in the question:

Reported operating income = $4,000,000

Reported sales revenue for the Staple Division = $9,000,000

Now,

The sales margin is given as

= ( operating income ) ÷ ( sales )

therefore,

The sales margin for the Staple Division

= $4,000,000 ÷ $9,000,000

= 0.4444

or

= 0.4444 × 100%

= 44.44%

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Several years ago, Walters Company issued bonds with a face value of $1,000,000 at par. As a result of declining interest rates,
Pavel [41]

Answer:

Walter company Journal $

Date

Bond investment Dr 1,000,000

Bond premium Dr 50,000

Bank Cr. 1,050,000

Narration. Bond retirement at a premium of 5% over par.

Explanation:

The bond investment account is kept fixed at the amount at which it was subscribe, the corresponding interest are debited to income statement on payment to the bond holders.

In the same vein the retirement of the bond at a premium represents an expenses to the firm which has to be debited to the income statement on payment to the bond holders.

8 0
4 years ago
Suppose during a year an economy produces $10 trillion of consumer goods, $4 trillion of investment goods, $6 trillion in govern
Svetlanka [38]

Answer:

The correct answer is $19 trillion

Explanation:

Gross Domestic Product (GDP) is the total market or monetary value of all the goods and services produced by a country within its borders over a given period of time. It is used as a measure of a country's economic health, due to its broad coverage.

The formula for calculating GDP is: GD P  =  C  +  I  +  G  +  ( X  −  M )

where :

C = private consumption (consumer goods)

I = gross investments (investment goods)

G = government investments or government spending (govt. services)

X = export

M = import

Therefore:

GDP (in trillion) = 10 + 4 + 6 + (4 - 6) = 10 + 10 - 1 = $19 trillion dollars.

Please note that there is the nominal GDP and real GDP.

Nominal GDP is the total value of all the final goods and services a country produces within a year, while real GDP is the value of the goods and services produced within a year, putting inflation effects into account.

5 0
3 years ago
What role do entrepreneurs plays in the u.s economy?
shepuryov [24]
1st lets define <span>entrepreneurs - starting his or her own bussiness offering a product, So I'd guess the role they play is the they start new bussiness, create jobs for people in need and they also bring something new to economy. 
    

 I hope I helped you </span>
4 0
4 years ago
The manager of the Boston Red Sox notices that his outfield star, Fenway Fred, has gone hitless in his last ten at bats. Which m
Zepler [3.9K]

Answer:

controlling

Explanation:

Based on the information provided within the question it can be said that the manager is performing the management function known as controlling. This function focuses on analyzing a situation and checking for errors in order to be able to take corrective actions. Which in this scenario, by seeing that the outfield star is having a problem getting hits, the manager can now take appropriate measures to try and solve this problem.

7 0
3 years ago
A company's mission statement does NOT:_____.
kondor19780726 [428]

Answer:d) give the company its own identity. explain "where we are headed.

Explanation: A company's mission statement is a statement that specifically highlights the following

(1) The needs of the customer which the company plans to fulfill.

(2) Highlight the company's products and services which are rendered.

(3) It should also identify the Customer or market it is trying to reach.

This is what a good mission statement should be, The mission statement is different from the vision statement which tends to highlight where the company is heading to in the future.

5 0
4 years ago
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