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atroni [7]
2 years ago
15

Condensed financial data are presented below for the Phoenix Corporation:

Business
1 answer:
dybincka [34]2 years ago
6 0

Answer:

profit margin 7.77%

<em><u>Interpretation: </u></em> from evey dollar of sales the firm achieves almost 8 cent of net income

inventory turnover ratio 3.45

<em><u>Interpretation: </u></em>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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An individual has $32,000 invested in a stock with a beta of 1.1 and another $48,000 invested in a stock with a beta of 1.3 If t
blagie [28]

Answer:

The beta of the portfolio is 1.22

Explanation:

In calculating the beta of the whole portfolio, we can calculate the weighted average beta of each stock .The sum of all weighted betas give the beta of the entire portfolio.

Beta of portfolio=amounted in first stock/entire amount invested*beta of the first+amount invested in second stock/entire amount invested *beta of the second stock

Beta of portfolio=($32000/($32000+$42000))*1.1+($48000/($32000+$48000))*1.3

Beta of portfolio=1.22

4 0
3 years ago
How important do you think focus groups are to the eventual success of a new product?
olga2289 [7]

Answer:

Yes

Explanation:

Focus groups help businesses learn what their customers think, enabling strategic decision-making focused on their target market's true wants and needs

5 0
3 years ago
G a company purchased a delivery van for $28,000 with a salvage value of $3,000 on september 1, year 1. it has an estimated usef
Andreas93 [3]
Hi there

First find the rate of depreciation
100/estimated useful life
100/5years=20%

You should subtract the salvage value from the cost of the van
28000-3000=25000
Second the time from september 1 to
december 31 is 4months

Now find the depreciation expenses
25,000×0.20×(4÷12)
=1,666.67 round your answer to get
1667 is the answer

Good luck!
6 0
3 years ago
Ardel Co. budgeted to sell 222,000 units of Zbox in September. Production of one unit of Zbox requires three pounds of aluminum
tia_tia [17]

Answer:

Explanation:

We are asked for Zbox production, so we ignore the raw materials information for this question.

We use the inventory identity to solve for production

$$Beginning Inventory + Production = Ending Inventory + Sales

$$Production = Ending Inventory + Sales- Beginning Inventory

September sales 222,000 units

desired ending inventory 24,000 units

total production need 246,000 units

(beginning inventory 35,000) units

Production requirement for September 211,000 units

5 0
3 years ago
Define level of profession​
Lady_Fox [76]

Explanation:

The word "professional " means different things to different places.

6 0
2 years ago
Read 2 more answers
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