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Flauer [41]
2 years ago
7

Denver, Incorporated, has sales of $14.2 million, total assets of $11.3 million, and total debt of $4.9 million. Assume the prof

it margin is 5 percent. a. What is net income
Business
1 answer:
My name is Ann [436]2 years ago
6 0

The net income of Denver Incorporated is $0.71 million.

<h3> What is profit margin? </h3>

Profitability margin is an example of a profitability ratio. Profitability ratios measures the efficiency that a business uses to derive profit from its assets. Profit margin measures the return on sales

Profit margin = net income / net sales

<h3>What is the net income? </h3>

5% = net income / $14.2 million

Net income = $14.2 million x 0.05 = $0.71 million

To learn more about financial ratios, please check: brainly.com/question/26092288

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Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $150,000 and woul
Margarita [4]

Answer:

"Decrease by 250" is the appropriate response.

Explanation:

The given values are:

Revised fixed cost,

= $150,000

Current selling price,

= $100

Current variable cost,

= $60

Current contribution will be:

=  Current \ selling \ price-Current \ variable \ cost

=  100-60

=  40

Now,

The revised BEP will be:

=  \frac{Revised \ fixed \ cost}{Revised \ contribution}

On substituting the values, we get

=  \frac{150,000}{40}

=  3750 \ units

hence,

=  4000-3750

=  250

Thus the above is the correct answer.

4 0
3 years ago
If bankruptcy were to​ occur, ________ would have the first claim on assets.
Andreas93 [3]
If bankruptcy were to occur, (secured creditors) would have the first claim on assets. 


I hope it helps.
7 0
3 years ago
In 1893, a one-million acre area of the grand canyon national forest reserve was home to an estimated 3,000 rocky mountain mule
laiz [17]

Answer:

0.1 / acre or 1 / 10 acres

Explanation:

The density of an animal in a given area is given by the number of animals per unit of area.

In this case, we want to know the density of the mule deer in 1923 (100,000) divided by the total area of the Grand Canyon National forest Reserve (1,000,000 acres).

So, we'll simply divide 100,000 by 1,000,000 to get:

D = 100,000 / 1,000,000 = 0.1

The density of the mule deer within the Grand Canyon National forest Reserve  is of 0.1 / acre or 1 / 10 acres

3 0
3 years ago
Morris company applies overhead based on direct labor costs. For the current year, morris company estimated total overhead costs
spin [16.1K]

Answer:

At year-end, factory overhead is $21,000

Explanation:

Predetermined overhead rate = (Estimated overhead costs/Estimated direct labor costs)

Predetermined overhead rate = ($404000 / $2020000) = 20%*Direct labor costs

Hence, Applied overhead costs= (20% * $1,810,000)

Applied overhead costs=$362000.

Hence balance in factory overhead account at year end = $383,000 - $362,000  

=$21,000.

8 0
4 years ago
"You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.05 and the total
aalyn [17]

Answer: 1.95

Explanation:

The beta for the other stock in the portfolio will be calculated thus:

Portfolio Beta = (BetaA × WeightA) + (BetaB × WeightB) + (BetaC × WeightC)

= (BetaA × 1/3) + (1.05 × 1/3) + (0 × 1/3)

= (BetaA × 1/3) + 0.35 + 0

Beta A = 1-0.35 × 3

Beta A = 0.65 × 3

Beta A = 1.95

6 0
3 years ago
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