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IgorLugansk [536]
3 years ago
11

Selma Inc. reported the following results from last year’s operations: Sales $ 13,800,000 Variable expenses 9,950,000 Contributi

on margin 3,850,000 Fixed expenses 3,022,000 Net operating income $ 828,000 Average operating assets $ 6,000,000
Last year's margin was closest to: Multiple Choice

78.1%
6.0%
13.8%
27.9%
Business
1 answer:
ValentinkaMS [17]3 years ago
4 0

Answer:

6%

Explanation:

Given that,

Sales = $ 13,800,000

Variable expenses = 9,950,000

Contribution margin = 3,850,000

Fixed expenses = 3,022,000

Net operating income = $ 828,000

Average operating assets = $ 6,000,000

Last year's margin:

= (Net income ÷ Sales) × 100

= ($828,000 ÷ $13,800,000) × 100

= 6%

Therefore, the last year's margin was closest to 6%.

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Discuss the pros and cons of four performance appraisal tools​
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Answer:

Pros and cons are for every method listed below. A person can only see his strength and power during self assessment and he may ignore all his mistakes as it can be his over confidence in himself. Graphic rating may be disappointing as many employees can get same rating and there will not be any difference among them in the pay rise.

Explanation:

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1. Self assessment

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Answer:

The correct answer is "$ 30.34".

Explanation:

The value of the stock can be computed by the following formula:

⇒  \frac{Dividend \ in \ year \ 3}{(1 + Required \ return \ rate)2}  + \frac{Dividend \ in \ year \ 4}{(1 + Required \ return \ rate)3}  + \frac{Dividend \ in \ year \ 5}{(1 + Required \ return \ rate) 4 } + \frac{1}{(1 + Required \ return \ rate)4 }\times [\frac{( Dividend \ in \ year \ 5 (1 + Growth \ rate)} {( Required \ return \ rate - Growth \ rate)}]

On putting the values, we get

⇒  \frac{1.50}{1.08^2}  + \frac{1.60}{1.08^3}  + \frac{1.75}{1.08^4 } + \frac{1}{1.08^4} \times [  \frac{( 1.75\times 1.03)}{(0.08 - 0.03)}]

⇒  \frac{1.50}{1.08^2 } + \frac{1.60}{ 1.08^3 } + \frac{37.80}{ 1.08^4  }

⇒  30.34 ($)

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<h3>What are the names of networks of businesses that produce product designers, engineers, manufacturing firms, distribution channels, and consumer outlets?</h3>

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