Answer:
e) 11.3%
Explanation:
Profit margin: Profit margin on sales can be defined as the proportion of earning or income or profit made by the company for each dollar of sales. It is always expressed in percentage (%).Assets: It can be defined as the resources owned by the organization which is capable of providing some future benefits. On the basis of duration of time assets are of two types which are Current Assets and Non-current Assets. Sales: Sale of any goods or services can be made on a cash or credit basis. The amount receivable on sale can either be received immediately in cash or such a payment can be received at some future date. Operating income: It refers to the income from business operations. It is calculated by deducting the fixed cost from contribution margin.
Answer:
The answer is:
Net purchases = $336,100
Cost of goods purchased = $352,900
Explanation:
Net purchases equals purchases minus purchase returns and allowances minus purchase discount.
Purchases = $355,300
Purchase returns = $10,200
Purchase discount = $9,000
Therefore, net purchase is:
$355,300 - $10,200 - $9,000
= $336,100
Cost of goods purchased equals net purchase plus freight in.
Freight in = $16,800
So cost of goods purchased is:
$336,100 + $16,800
=$352,900
Answer:
A.Product cost $365,600
B.Period cost $350,300
Explanation:
Direct materials $174,800
Direct labor $90,200
Manufacturing overhead:
Property taxes, factory $17,700
Indirect labor $41,200
Depreciation of production equipment $41,700
Total product cost $365,600
b.
Marketing salaries $50,600
Administrative travel $99,500
Sales commissions $57,300
Advertising $142,900
Total period cost $350,300
Answer: A person with passion typically exudes confidence, and confidence creates value for themselves and others by leading the way, not showing the way.
Professionals who are confident are great leaders and earn the respect and confidence of others. Passion creates excitement.
