Answer:
inventory = 0.125
Explanation:
It is asking us to express the inventory as a percent of sales
Th common-size statement refer to express each valeu a percent of sales:
Sales 3,340 100.000%
income 274 8.234% (274 divided by 3340 times 100)
fixed assets 2,699 80.809%
current assets 836 25.030%
Inventory 417 0.12485 (417/3,340)
the answer should be a decimal so we don't covert to percent.
Answer:
$118,860
Explanation:
Gross Margin:
= Revenue - Cost of Goods Sold
= $290,000 - $100,000
= $190,000
Profit before tax:
= Gross Margin - Salaries - Insurance payment - Interest
= $190,000 - $12,000 - $3,600 - $4,600
= $169,800
Insurance payment: Only half of 2-year payment of 7,200 is relevant for this year.
Net Income:
= Profit before tax - Tax at 30%
= $169,800 - (30% × $169,800)
= $169,800 - $50,940
= $118,860
Answer: The farmer chooses errands on a rainy day, because a sunny day would be for planting and tending the land. The farmer could go and run errands on a sunny day, but his crops would not be tended for the day.
The business man would choose to work on a rainy day, because his new suit can't get wet. He is choosing to stay inside and protect his new suit, and giving up the opportunity to run errands.
Hope it helps!
Answer:
The answer is: 532.000
Explanation:
To get this number you must sum the total of expenditures related with the question of the General Fund in this case salaries and wages paid in the year of $550.000 and add the part that was accrued but unpaid and remains as wages payable of $12.000
(550.000+12.000) = 562.000 Hope it helps