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3 years ago

Condensed financial data are presented below for the Phoenix Corporation:

Business

1 answer:

dybincka [34]3 years ago

6 0

Answer:

profit margin 7.77%

Interpretation: from evey dollar of sales the firm achieves almost 8 cent of net income

inventory turnover ratio 3.45

Interpretation: the inventory is sold 3 and a half times during the year

Explanation:

the profit margin is the quotient between net income and sales.

$\frac{net \: income}{sales} = $profit margin$

127,500 / 1,640,000 = 7.77%

the inventory turnover wil be the cost of good sold over the average inventory during the year

(312,500 + 257,500)/ 2 = 285,000

982,500 / 285,000 = 3,447368421

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luda_lava [24]

Answer:

Post the transaction information to the ledger

Explanation:

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1. Identification of transactions.

2. Recording of identified transactions in a Journal

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3 years ago

Explain why the sampling method stated in (1) is the most efficient method.

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Answer:

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2 years ago

Presented below are three revenue recognition situations. (a) Groupo sells goods to MTN for $901,000, payment due at delivery. (

LekaFEV [45]

Answer:

Groupo

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Explanation:

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3 years ago

The multiplier is useful in determining the full-employment unemployment rate level of business inventories change in the rate o

sasho [114]

Answer:

The multiplier is useful in determining the change in GDP resulting from a change in spending

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3 years ago

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Colt1911 [192]

Answer:

government contracting
advocacy
entrepreneurial development
access to capital

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The SBA supports the advancement of small businesses in the following ways.

Education and training,
Providing information and links to affordable credit
Connecting to government contracts
Offering business advise

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3 years ago