Explanation:
The computation is shown below:
a. The gross margin is
Gross margin = (Sales revenues - Cost of sales) ÷ (Sales revenues) × 100
= ($10.7 million - $5.9 million) ÷ ($10.7 million) × 100
= 45%
b. The local operating margin is
= (Operating income ÷ Sales) × 100
where,
Operating income is
= (Sales - cost of sales - selling, general & administrative expenses - research & development - Depreciation & Amortization) ÷ (Sales revenue) × 100
= ($10.7 million - $5.9 million - $0.55 million - $1.2 million - $1.4 million) ÷ ($10.7 million) × 100
= ($1.65 million) ÷ ($10.7 million) × 100
= 15.42%
c. Net profit margin
= (Net profit ÷ Sales) × 100
where,
= (Sales - cost of sales - selling, general & administrative expenses - research & development - Depreciation & Amortization) × (1 - tax rate) ÷ (Sales revenue) × 100
= ($10.7 million - $5.9 million - $0.55 million - $1.2 million - $1.4 million) × (1 - 0.35) ÷ ($10.7 million) × 100
= ($1.0725 million) ÷ ($10.7 million) × 100
= 10.02%
When one has control over a partner's outcomes, no matter what the partner does, one exercises a form of power known as option b: fate control.
<h3>What does fate control mean?</h3>
The term fate control is known to be when a person has power over the circumstance in which a person or group is said to be facing.
Note that it is one where a person is said to have absolute control over the fate or the effect that will come out of any event or of another person or group.
Note that Fate control is seen only if the other's behavior plays no work in knowing the effect that are to be received.
Hence, When one has control over a partner's outcomes, no matter what the partner does, one exercises a form of power known as option b: fate control.
Learn more about fate control from
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Answer: credit to Additional Paid -in Capital on Preferred Stock for $28,200
Explanation:
The journal entry will be:
Debit: Cash = $500 × 83 = $41500
Credit: Preferred stock = $5000
Credit: Additional paid in capital on preferred stock = $28200
Credit: Paid in capital - Common stock warrants = $8300
Note that Additional paid in capital on preferred stock was calculated as:
Amount allocated to preferred stock = (64/64+16) × 41500 = 33200
Less: Preferred stock face value = $500 × $10 = $5000
Additional paid in capital on preferred stock = $28200
Answer:
B. Assorting
Explanation:
Assorting is defined as the term in which the sorting is done on the basis of the kind or classification of the product or the service etc.
This term can also be used for arranging or distributing the product or the service based on the category of the product or the service.
Now, here in the given question the wal-mart sorts the products required by the stores from the large variety available and then distributing it.
Answer:
gain of $14,000
Explanation:
Data provided in the question:
Cost of the truck = $56,000
Accumulates depreciation on January 1, 2018 = $38,000
Reimbursement received from the insurance company = $32,000
Now,
the book value on January 1, 2018
= Cost of the truck - accumulated depreciation
= $56,000 - $38,000
= $18,000
since, the book value is less than the Reimbursement amount received, therefore a gain will be recognized
The amount of gain = $32,000 - $18,000
= $14,000
