Answer:
A. 34.2%
B. 4.5%
C. 8.1%
D.10.64%
Explanation:
a) Calculation to determine Gross margin percentage
Using this formula
Gross margin percentage = Gross profit/Net Sales
Let plug in the formula
Gross margin percentage= 27000/79000
Gross margin percentage = 34.2%
b) Calculation to determine Net profit margin
Using this formula
Net profit margin = Net income/Net Sales
Let plug in the formula
Net profit margin = 3540/79000
Net profit margin = 4.5%
c) Calculation to determine Return on assets
Using this formula
Return on assets = (Net income+Interest expense)/Average total assets
Let plug in the formula
Return on assets = (3540+360)/48120
Return on assets= 8.1%
d) Calculation to determine Return on equity
Using this formula
Return on equity
= Net income/Average equity
Let plug in the formula
Return on equity = 3540/33270
Return on equity =10.64%
The price elasticity of baseball bats is −0.77, this indicates that the demand for bats tends to inelasticity. Therefore, if the manager wants to dispose of his inventory, he would advise you not to lower the price because it would cause a decrease in income. He could raise the price and earn more since being an inelastic demand, the quantity demanded would not be modified as much as the price would change.
Answer:
The material purchase is $176,350
Explanation:
The computation of material purchase is to be done by applying the formula which is shown below:
= Direct material used + ending balance of direct materials - beginning balance of direct material
= $161,950 + $140,150 - $125,750
= $176,350
The other items which are mentioned in the question are irrelevant. Hence, it is not to be considered in the computation part.
I think you forgot to give some options along with the question. I am answering the question based on my knowledge and research. <span>If berkeley shirtmakers ties compensation directly to output by paying an employee a certain amount for each unit of output produced, it is using a piece-rate system. </span>
Answer:
C:
Explanation:
CD's are less liquid and tie up your $$ for a certain period of time, however, extend to you a higher interest rate.