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2 years ago

Luther's Operating Margin for the year ending December 31, 2008 is closest to: Group of answer choices 0.5% 0.7% 5.4% 6.8%

Business

1 answer:

svlad2 [7]2 years ago

3 0

Answer:

the operating margin is 5.4%

Explanation:

The computation of the operating margin is shown below:

As we know that

Operating Margin = Operating Income ÷ Sales

= $31.3 ÷ $578.3

= 5.4%

Hence, the operating margin is 5.4%

It could be determined by dividing the operating income from the sales

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Merchandise costing $2,000 is sold for $3,000 on terms 2/30, n/60. If the customer pays within the discount period, what amount

madam [21]

Answer:

The amount that will be reported on the income statement as net sales is $2,940 and as gross profit is $940.

Explanation:

Given:

Merchandise costing $2,000 is sold for $3,000 on terms 2/30, n/60.

If the customer pays within the discount period.

Now, to find the amount reported on the income statement as net sales and as gross profit.

Cost of merchandise = $2,000.

As, merchandise sold for $3,000.

So, to get the net sales we deduct the discount:

Merchandise on terms 2/30, n/60.

$3,000-2\%\ of\ 3000\\\\=3,000-\frac{2}{100}\times 3000\\\\=3,000-0.02\times 3000\\\\=3,000-60\\\\=\$2,940.$

Thus, the net sales is $2,940.

Now, to get the gross profit we subtract cost of merchandise from net sales:

$\$2,940-\$2,000\\\\=\$940.$

Hence, gross profit is $940.

Therefore, the amount that will be reported on the income statement as net sales is $2,940 and as gross profit is $940.

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What is payroll withholding?

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Is taxes inclining each employs portions of there social security and medicare.

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which of the following is not typically involved in rescheduling activities of a troubled sovereign loan? group of answer choice

Margarita [4]

Shortening the repayment schedule is not typically involved in rescheduling activities of a troubled sovereign loan.

Governments of independent political entities can issue debt, typically in the form of securities, known as sovereign debt.

Unique risks associated with sovereign debt are not present in other forms of lending.

The creditworthiness of sovereign debtors and the securities they issue is frequently rated by a number of private agencies.

Economies and political systems that are stable are often seen as having better credit risks, enabling them to borrow on more favorable terms.

Governments incur sovereign debt through the issuance of bonds, notes, and other debt instruments as well as by the borrowing of funds from other nations and international institutions like the International Monetary Fund.

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1 year ago

Compute the stock turnover for a product that has sales of 350 units and an average of 70 units in inventory.

Harrizon [31]

B. 5

To compute stock turnover divide Sales/Average inventory

350/70= 5

Stock turnover is the amount of times inventory is sold in a given time period.

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The fifth step of the financial planning process is to create and implement the financial action plan. What is involved in this

alexgriva [62]

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Developing an action plan that identifies ways to achieve your financial goals.

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