If corny and sweet grows and sells sweet corn at its roadside produce stand. the selling price per dozen is $3.75, variable costs are $1.25 per dozen, and total fixed costs are $750.00, the breakeven sales will be $ 1, 125. Breakeven sales are computed by dividing the company's expenses with the margin ratio.
Does not belong in high school
12/3 = 4
we - 1 because 3 inches annually (100% increase would mean 6 inches)
300% increase
T. inflation is a very big issue
Answer:
profit margin is 16.0 %
gross profit rate is 39.6 %
Explanation:
given data
net sales = $248,700
cost of goods sold = $146,900
operating expenses = $58,000
net income = $39,900
beginning total assets = $473,900
ending total assets of $635,400
to find out
profit margin and gross profit rate
solution
we will apply here profit margin formula that is
profit margin = 
..............1
put here value
profit margin = 
profit margin = 16.04 = 16.0 %
and
gross profit rate formula is
gross profit rate = 
..............2
put here value
gross profit rate = 
gross profit rate is 39.72 = 39.6 %
Answer:
- Other Comprehensive income = $37,500
- Comprehensive income = $154,500
Explanation:
Other comprehensive income:
= Realized gain on sale of available-for-sale debt securities + Unrealized holding gain arising during the period on available-for-sale debt securities - Reclassification adjustment for gains included in net income
= 11,000 + 34,000 - 7,500
= $37,500
Comprehensive income = Net income + Other comprehensive income
= 117,000 + 37,500
= $154,500
