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Lilit [14]
3 years ago
8

The Merry Co. has current annual sales of​ $350,000 and a net profit margin of​ 6%. Sales are expected to increase by​ 5% annual

ly while the profit margin is expected to remain constant. What is the projected afterminus−tax earnings for two years from​ now?
Business
1 answer:
Gelneren [198K]3 years ago
8 0

Answer:

$23,153

Explanation:

Given that,

Current annual sales = $350,000

Net profit margin =​ 6%

Sales are expected to increase by​ 5% annually.

Sales two years from now:

= Sales in year 0 × (1 + Growth of year 1) × (1 + Growth of year 2)

= $350,000 × (1 + 5%) × (1 + 5%)

= $350,000 × 1.05 × 1.05

= $385,875

Profit margin = 6% of sales two years from now

                     = 0.06 × $385,875

                     = $23,153  

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8 0
4 years ago
Your restaurant has assets of $64,342 and liabilities of $47,266. What is the equity of your business?
Alborosie

Answer:

Equity of the business= $17,076.

Explanation:

Equity as used in business is used to refer to the difference between the worth of a business (its assets) and what the business owes (debts and liabilities).

In other words, total equity refers to the value which is left in the company after the total liabilities must have been subtracted from the total assets.

The formula to calculate total equity is given below:

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Therefore to calculate the equity above, we have:

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Equity = $17,076.

4 0
3 years ago
in a class of p student the average mark is n and in another class of q student the average mark is n. calculate the average mar
lesantik [10]

Answer: The average mark is n.

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4 0
3 years ago
Max and nora have modified agi of $75,000, and adopted a little boy from san antonio, texas, in the current year and incurred a
miskamm [114]

Answer:$9,000

Explanation:

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In the United States of America, adoption tax credit qualified expenses include court costs, traveling expenses, lawyer's or Attorney's fee and other expenses for legal adoption of an eligible child.

It can be calculated by subtracting

the max's employer provided for the couple with adoption benefits of $4,000 from the incurred expenses of a total of $13,000 in qualified adoption expenses(from the question).

That is; $13,000-$4,000.

= $9,000.

Hence, the maximum amount of adoption credit they can take this year is $9,000.

4 0
3 years ago
Bonnie manages the distribution network for her company, which manufactures mountain bikes. Her company’s bikes are sold across
valentina_108 [34]

A long distribution channel Bonnie should incorporate for her company

Option B

<u>Explanation: </u>

A distribution channel is an organization or intermediary network that moves a product or a service until it meets the last customer. Wholesalers, dealers, suppliers and even Web can be part of the distribution channels.

In long channels, product flows from producers to final customers are carried out via multiple levels of distribution in which each level is generally made up of more than one location.

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5 0
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