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bulgar [2K]
3 years ago
9

5. If a company had $15,000 in net income for the year, and its sales were $300,000 for the same year, what is its profit margin

Business
1 answer:
Alika [10]3 years ago
7 0

Answer:

5%

Explanation:

Net income is $15,000

Sales is $300,000

The profit margin can be calculated as follows

= 15,000/300,000

= 0.05×100

= 5%

Profit margin is 5%

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The Toy Store has beginning retained earnings of $318,423. For the year, the company earned net income of $11,318 and paid divid
kherson [118]

Answer: $322 241

Explanation: Retained earnings is the capital that is left over after total dividends has been deducted and paid out. It is calculated as follows:

Retained earnings = retained earnings at the beginning of the year + net profits made during the current year - dividends paid out.

∴ Retained earnings = $318, 423 (opening Retained earnings)+ $11,318 (net profits / income) - $7,500 (dividends)

=$322,241

The $25,000 new stock issued generated income to the business, but this does not fall in the retained earnings line item. Rather it falls under the Ordinary Share Capital line item, which includes all the company's issued share capital.

7 0
3 years ago
Hughes Corporation is considering replacing a machine used in the manufacturing process with a new, more efficient model. The pu
pogonyaev

Answer:

50,000

Explanation:

Hughes Corporation can calculate the incremental cash outflow required to acquire the new machine by just deducting the sales proceeds from the cost of the new machine.

DATA

New machine = $150,000

Old machine = 100,000

Cash outflow per year (18,000 - 10,000) = 8,000

Salvage value = 25,000

Annuity factor = 8%

Solution

Incremental Cash outflow = Cost of new machine - Sales proceeds from old machine

Incrementa Cash outflow =  150,000 - 100,000

Incremental Cash outflow = $50,000

4 0
3 years ago
Which of the following choices is NOT a use for project plans in the workplace?
bixtya [17]
Out of the choices given, the choice that is NOT a use for project plans in the workplace is teacher lesson plans. The correct answer is B. 
6 0
2 years ago
The aggregate demand aggregate supply mode is quite useful tool for us to understand the economy. So far, we saw only one change
timurjin [86]

Answer:

Explained below

Explanation:

1) From the question, we can deduce that in the short run, there will likely be news of the discovery/invention of a super vaccine which will make the consumers and the businesses to be optimistic about the future of the economy. Therefore, this will in turn lead to an increase in consumption by consumers and thus also lead to an producers making an increase in investment.

2) From answer 1 above, since there is an increase in consumption as well as investment, this will in turn also lead to an increase in the aggregate demand of the economy. Whereas, we are told that the oil market is calm and therefore we can say it does not have an effect on the supply curve.

From the first image attached, increase in the aggregate demand led to an increase in price level from point P to P1 on the y-axis while output output level increased from point Y to point Y1 on the x-axis.

3) In the long run, due to the increase in demand in the short run that makes the supply curve shift to its right, it means the producers will have more of the goods produced. This will in turn reduce the price to its initial level and also increase the output level. From the second diagram, this will lead to a shift long run aggregate supply from LRAS to LRAS1 on the x-axis.

8 0
2 years ago
Which of the following statements is true? a) You will always pay less interest with a 15-year mortgage than with a 30-year mort
horrorfan [7]
<span>b) With an adjustable rate mortgage, the interest rate always increases after the first five years 

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4 0
3 years ago
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