Oracle is a Database application
Answer:
a. Gross profit rate = Gross profit / sales
= <u> $710,000 * 100</u>
$1,230,000
= 57.72%
b. <u>Supreme Operating Income </u>
Gross Profit $710,000
Operating expenses <u>(440,000)</u>
Operating Profit <u> 270,000</u>
<u />
c. Return on Asset = Return/ Average Asset
= <u>$390,000 * 100 </u>
$4,000,000
= 9.75%
d. Return on equity = Return / Average equity
= <u>$390,000 * 100 </u>
$2,400,000
= 16.25%
e. Price-earnings ratio = Market price per share / earnings per share
= $88/ $4
= 22
Explanation:
Computation of Gross profit
$'000
Net Sales 1,230
Cost of goods sold <u>(520)</u>
Gross Profit 710
Answer:
The limited partner's remaining liability is $400,000
Explanation:
The remaining liability after the debt payment of $8,000,000 is $2,000,000 ($10,000,000-$8,000,000)
The limited partner has a 20% interest in the business that entitles the partner to 20% share of profit or liabilities.
The limited partner's share of the remaining liability is 20% of the liability balance i.e $400,000($2,000,000*20%)
B. i would choose b anyways. if you choose C. They could report you and you would be caught with it. A. i wouldn't what if they don't smoke and report you.
Answer:
Variable cost per hour= $4.825
Explanation:
Giving the following information:
Wallace determines that the high and low costs are $25,830 and $18,414, respectively, and the values for the cost driver are 3,495 and 1,958 hours, respectively.
<u>To calculate the unitary variable cost under the high-low method, we need to use the following formula:</u>
<u />
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (25,830 - 18,414) / (3,495 - 1,958)
Variable cost per unit= $4.825
