Andrew is entitled to do so because he made less money this year
Answer:
Profit margin = 9.74%
Explanation:
We know,
Profit Margin = (Net income after tax/Net sales) x 100
Profit margin is a profitability ratio that measures the company's overall performance. It also show how company performs financially.
Given,
Year 2,
Net Sales = $484,000
Net income after tax = $47,150
Therefore,
Profit Margin = ![\frac{47,150}{484,000}](https://tex.z-dn.net/?f=%5Cfrac%7B47%2C150%7D%7B484%2C000%7D)
Profit Margin = 9.74%
Hence, company is performing financially well.
Answer:
$17,000
Explanation:
Data provided in the question
Suffered amount in damage = $17,500
Book value of the truck = $40,000
And, the deductible amount = $500
So, the amount reimbursement by his policy is
= Suffered amount in damage - the deductible amount
= $17,500 - $500
= $17,000
We simply applied the above formula so that the reimbursed amount could arrive
Answer: In order to maximize utility, Ellie should buy more of Alpha and less of Beta
Explanation: Marginal utility is the quantity of added satisfaction that a consumer enjoyed from consuming additional units of goods or services. Marginal utility is the additional satisfaction or benefit (utility) that a consumer derives from buying an additional unit of a commodity or service. However, in determining how much of an item consumers are willing to purchase marginal utility is used.
<span>Changes in real income per capita</span>