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Lapatulllka [165]
3 years ago
12

Sales $200,000 Net income 100,000 Depreciation 20,000 Interest 10,000 Taxes 5,000 What is the company’s operating profit margin?

Business
1 answer:
WITCHER [35]3 years ago
3 0

Answer:

57.5%

Explanation:

Data Provided:

Total Sales =  $ 200,000

The net income = $ 100,000

Depreciation = $ 20,000

Interest = $ 10,000

Taxes = $ 5,000

Now,

the operating profit is the from the income before the taxes and interest. Thus,

the interest and taxes will be included in the net income for the operating profit

therefore,

The operating profit = income + Interest + Taxes

or

The operating profit = $ 100,000 + $ 10,000 + $ 5,000 = $ 115,000

Now,

the operating profit margin = ( Operating profit / Sales ) × 100

or

= ( $ 115,000 / $200,000 ) × 100 = 57.5%

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there were 200 tickets sold for a college basketball game. Tickets were $4.50 for students and $9 for adults. The total amount c
Virty [35]

Answer:

70 tickets were sold to student and 130 tickets were sold to adults

Explanation:

Let the number of tickets purchased by students be "X" and the number of tickets purchased by adults  be "Y"

Given

Total number of tickets sold = 200

Total amount collected by selling 200 tickets = 1485 dollar

Cost of one ticket of student = 4.5 dollar

Cost of one ticket of adult = 9 dollar

Two equation are as follows

X + Y = 200\\ ------Eq (1)

4.5 X + 9 Y =1485 -------- Eq (2)

Multiplying eq (1) by 9 and subtracting from equation 2 we get

4.5 X - 9 X + 9Y -9Y = 1485 - (200* 9)\\-4.5 X = -315\\X = 70

Substituting the value of X in equation 1 we get

70 + Y = 200\\Y = 200 -70 \\Y = 130

Therefore, 70 tickets were sold to student and 130 tickets were sold to adults

8 0
3 years ago
For a mutual fund, the typical yearly management fee ranges from 2.5 to 5 percent of total dollar amount invested.
san4es73 [151]
I think the answer is B) False
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3 years ago
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What are the differences between a hotel and a motel?
Viktor [21]

Answer:

The difference is that hotels have more rooms and floors so more people can fit. But motels have fewer floors and rooms.

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What is one major unique product of a country?
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To be honest anything from Hungray

4 0
2 years ago
On January 4, 2011, RTN Industries paid $648,000 for 20,000 shares of Austin Cattle Company common stock. The investment represe
snow_tiger [21]

Answer:

RTN Industries and Austin Cattle Company

Journal Entries

1. 30% with significant influence:

Jan. 4, 2011: Debit Investment in Austin Cattle Company $648,000

Credit Cash $648,000

To record the cost of the investment by purchasing 20,000 shares or 30% stake in Austin Cattle Company.

December 6, 2011:

Debit Cash $60,000

Credit Investment in Austin $60,000

To record the receipt of dividend.

December 31, 2011:

Debit Investment in Austin Cattle Company $96,000

Credit Investment Income $96,000

To record RTN share of Austin's net income.

2. 10% share:

Jan. 4, 2011: Debit Investment in Austin Cattle Company $648,000

Credit Cash $648,000

To record investment in 10% share of Austin Cattle Company.

Dec. 6, 2011: Debit Cash $60,000

Credit Dividend Income $60,000

To record the receipt of dividend income.

Explanation:

a) Data and Calculations:

Cost of investment in Austin Cattle Company = $648,000

Number of shares held in Austin = 20,000

Percentage of shareholding = 30%

Total number of shares in Austin Cattle = 66,667(20,000/30%)

Austin's reported net income for 2011 = $320,000

RTN share of the net income = $96,000 ($320,000 * 30%)

Analysis:

Investment in Austin Cattle Company $648,000 Cash $648,000

Investment in Austin Cattle Company $96,000 Investment Income $96,000

Cash $60,000 Investment in Austin $60,000

2. If the 20,000 shares represent a 10% interest in the net assets of Austin rather than a 30% interest, the cost method is used:

Analysis:

Investment in Austin Cattle Company $648,000 Cash $648,000

Cash $60,000 Dividend Income $60,000

4 0
2 years ago
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