Answer:
a. Profit margin of store = 1.5%
a. Profit margin of child is $3 because store is making 1.5% profit margin.
b.Return on equity ( store) = 9%
Explanation:
As we know that: Profit margin= (Operating income / Revenue ) * 100
= 10.2 / 680 * 100
= 1.5% ( Store)
Profit margin (child) =
ROE=?
Accounting equation: Assets = liabilities + equity
380- 270 = Equity
Equity = $110 (million)
As we know that: Return on equity = Net income / Shareholder equity
= 10.2 / 110
= .09 or 9%
Answer:
The answer is true.
Explanation:
Preference or preferred shareholders are synonymous to lenders to a business or company. Preferred shares are like debt to a business. They possess the characteristics of both debt and equity and in the case of liquidation, they have to be settled first. Common shareholders are the last shareholders to settled.
Answer: The answer is given below
Explanation:
My assessment of the Under Armour’s performance downturn in North America that first appeared in the fourth quarter of 2016 was that Under Armour’s 2016 downturn was caused as a result of the reduction in the sale and earnings outlook.
Also, the weakened demand that occurred in North America had a negative effect on demand and resulted in the company dropping from 25.7% in the first quarter, to 21.5% in the second quarter and about 15.6% in the third quarter.
The answer is 96!
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Answer:
Jesse's Investment
<em>Journal Entries to record in the Partnership accounts
</em>
Account Titles Debit Credit
Accounts Receivable $46,500
($50,000 - $3,500)
Equipment(Agreed Price) $58,000
Allowance for Doubtful Debts $2,000
Jesse Capital Account $102,500
(Balancing Figure)
Tim's Investment
<em>Journal Entries to record in the Partnership accounts </em>
Account Name Debit Credit
Cash $21,000
Inventory (At Agreed price) $48,000
Tim Capital $69,000
