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riadik2000 [5.3K]
2 years ago
9

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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On April 1, 2018, Owl Co. sold $2,000,000, 5% bonds at par, convertible to 18,000 common stock, but not converted in 2018. In 20
murzikaleks [220]

Answer:$4.44

Explanation:

Net income after tax is $600,00 less 20% =$480,000

Total shares for diluted eps 90,000+18,000= 108,000

Diluted eps= 480,000/108,000

= $4.44

.

3 0
3 years ago
If the market for corporate control were efficient as a governance device, then only __________ would be targets for takeovers.
CaHeK987 [17]

Answer:

The correct answer is c. poorly performing firms.

Explanation:

Corporate governance is the set of rules, principles and procedures that regulate the structure and operation of the governing bodies of a company. Specifically, it establishes the relationships between the board of directors, the board of directors, the shareholders and the rest of the interested parties, and stipulates the rules governing the decision-making process on the company for the generation of value.

In recent years, and more specifically following the onset of the financial crisis, the international community has understood the importance of listed companies being managed in an adequate and transparent manner. The good governance of companies is the basis for the functioning of markets, as it favors credibility, stability and contributes to boosting growth and wealth generation.

The weakness shown by corporate governments of large organizations in the past has multiplied the demands for transparency, truthfulness, good practices and responsible business behavior on the part of investors, consumers and society in general, which not only pay attention anymore. to financial indicators, but they also want to know how those results have been achieved.

4 0
3 years ago
The Nacho Division of the Tex-Mex Company has a return on investment (ROI) of 12%, sales of $217,000, and an asset turnover of 4
BlackZzzverrR [31]

Answer:   Nacho's operating income= b. $6,510.

Explanation:

First, we calculate the Total Asset of the Divison.

Asset turnover = Sales/ Total Assets

Total Assets = Sales/ Asset turnover

= $217,000/ 4

Asset turnover=$54,250

Also Return on investment = Operating Income/ Total Assets

Therefore Operating Income=Return on investment x Total Assets

= 12% X 54,250

=$6,510

4 0
3 years ago
Hibiscus Corporation began operations on January 1, Year 1. On December 15, Year 1, the company received a payment in the amount
mars1129 [50]

Answer:

$12,000

Explanation:

The main difference between cash basis accounting and accrual accounting is that accrual accounting recognizes revenue only after the earning process is completed. On the other hand, cash basis accounting recognizes revenue and expenses when the money is received or paid, regardless of when the service is provided. This is why the US GAAP doesn't allow cash basis accounting.

The IRS allows cash basis accounting for individuals and small businesses that only deal with cash payments, but they must meet certain criteria:

  • partnerships or C corporations with less than $5 million in yearly revenue
  • sole proprietorships and S corporations with less than $1 million in yearly revenues
  • family owned farms
  • you provide personal services and 95% of your revenue comes from it
  • no publicly traded corporation is allowed

4 0
3 years ago
Silicon Valley in California is the world center for the computer and semiconductor industry and has many of the world's major c
laila [671]

Answer:

The correct answer is D. externalities.

Explanation:

An externality is defined as that situation or group of situations that determine that a service good is not reflected at its real market price. In this example, the computer industry is so close that they do not know for sure the benefits they have when offering their goods, and it becomes an advantage in the sense that due to its close location it is possible to establish agreements to manage prices and not enter into direct market competition.

7 0
3 years ago
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