1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
skelet666 [1.2K]
3 years ago
5

Shelton, Inc., has sales of $20 million, total assets of $18.2 million, and total debt of $9.1 million. Assume the profit margin

is 9 percent. What is the company's net income
Business
1 answer:
Verizon [17]3 years ago
3 0

Answer:

$1,800,000

Explanation:

Shelton incorporation has sales of $20,000,000

Total assets is $18.2 million

Total debt is $9.1 million

Profit margin is 9%

Therefore the company net income can be calculated as follows.

= sales × profit margin

= 20,000,000 × 9/100

= 20,000,000 × 0.09

= 1,800,000

Hence the company net income us $1,800,000

You might be interested in
Match the types of databases to their meanings
Galina-37 [17]
You need to modify your questions
5 0
3 years ago
In carrying out market research for a locality, you collect data on income levels, life style characteristics,
Mariana [72]

The correct answer is letter D.<span>

<span>The description above is an example of a collection of demographic information. This refers to characteristics of a certain population in particular geographic location. Race, gender, age, profession, among others, are typical examples of demographics that are commonly used in surveys. </span></span>

5 0
3 years ago
​Julia is a U.S. citizen. She establishes a website that posts threatening messages about celebrities. Her website is.
svlad2 [7]

Answer:

b. not protected by the First Amendment

Explanation:

Based on the information provided within the question it can be said that the Julia's website is not protected by the First Amendment. This is because the Supreme Court has never interpreted freedom of speech to allow the inclusion of obscenities. Which "threatening posts about celebrities" would fall under the category of obscenity and not be protected under the First Amendment.

4 0
3 years ago
Bluestone Company had three intangible assets at the end of the current year: a. A patent purchased this year from Miller Co. on
german

Answer:

Acquisition cost

a. Patent: $6,000

b. Trademark: $4,000

c. Computer licensing rights: $42,000

2. Amortization for current year

a. Patent: $500

Annual Amortization charge = Cost / Estimated life = $6,000 / 12 = $500

b. Trademark: $0. Since it has an indefinite life.

c. Computer licensing rights: $7,000

Annual Amortization charge = Cost / Useful life = $42,000 / 6 = $7,000

3. Balance Sheet (Partial)

Assets  

Intangible Assets=$44,500

($6,000 + $4,000 + $42,000 - $500 - $7,000)

Income Statement (Partial)

Under Continuing operations  

Amortization expense=$7,500

6 0
3 years ago
Which of the following is not required to prove innocent representation?
g100num [7]

Answer:

I think it is C

hope I'm right

5 0
3 years ago
Other questions:
  • What are the benefits of setting up a trust?
    15·1 answer
  • Overnight loans from one bank to another for reserve purposes entail an interest rate called the
    6·1 answer
  • What is a real account?
    9·1 answer
  • Please explain what is the difference between a change in demand versus a change in quantity demanded? Why is it so important to
    6·1 answer
  • For most business enterprises a market is:
    10·2 answers
  • A comparable property sold 17 months ago for $115,000. If the appropriate adjustment for market conditions is 0.30% per month (w
    6·1 answer
  • Vella owns and operates an illegal gambling establishment. In connection with this activity, he has the following expenses durin
    6·1 answer
  • When there is a technological advance in the ice cream industry, consumer surplus in that market will?
    10·1 answer
  • Jonas purchases only two goods, starfruit (s) and kiwi (k). he has an income of $60 and can buy starfruit at $2 per pound and ki
    6·1 answer
  • From the consumer’s perspective, the elements of an imc strategy can be viewed as being either.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!