Answer:
Profit margin = 9.74%
Explanation:
We know,
Profit Margin = (Net income after tax/Net sales) x 100
Profit margin is a profitability ratio that measures the company's overall performance. It also show how company performs financially.
Given,
Year 2,
Net Sales = $484,000
Net income after tax = $47,150
Therefore,
Profit Margin =
Profit Margin = 9.74%
Hence, company is performing financially well.
Answer:
1229.4
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
$ 127,490 / ( $ 170 - $ 66.30) = 1229.4
Answer:
The balance of the cash account after these transactions were posted is $45,200
Explanation:
cash balance after these transaction = Cash Investing in Shop - Paid cash for receptionist salary + Receive cash from sale of frame
= $41,900 - $3,100 + $6,400
= $45200
Therefore, The balance of the cash account after these transactions were posted is $45,200
Answer:
2 years
Explanation:
The increase in yearly earnings is
= $39,746 - $21,484
=$18,262
Every year, extra earning is $18,262
the cost of education is $36,000
It will take =$36,000/$18,262 years to repay
=1.971 years
=2 years
Customer deposits, hope this helps!