during the period, a company reports sales of $38,000, cost of goods sold of $20,000, and income of $1,500. profit margin is:
Answers
Answer: 3.9%
Explanation:
During the period, a company reports sales of $38,000, cost of goods sold of $20,000, and income of $1,500. profit margin is 3.9%.
What do you mean by the profit margin?Profit margin is the difference between your company's total operating expenses and its total revenue. The more money your company keeps, the larger your profit margin will be.
Profit margin is calculated as profit multiplied by revenue. There is a net profit margin as well as a larger gross profit margin (smaller).
The percentage value shows how much profit the company made on each dollar of sales, in cents.
Here,
Profit margin = Net income / Sales x 100
Profit margin = $1,500 / $38,000 x 100
Profit margin = 3.9%
Therefore, during the period, a company reports sales of $38,000, cost of goods sold of $20,000, and income of $1,500. profit margin is 3.9%.
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Related Questions
You are a manager for an office supply company. Your son needs supplies for a science project due by the end of the week. It will be another week before you get paid. What should you do?
Answers
Answer:
register this as a credit transaction waiting for payment processing
Explanation:
The best thing to do in this scenario would be to take the supplies and register this as a credit transaction waiting for payment processing. That way there is a financial journal entry stating where the supplies went and that they are not missing. Then when you get paid next week you can simply pay for the supplies and change the transaction as completed/paid.
If a bond is trading at a premium, what is the relationship between the bond's coupon rate, current yield and yield to maturity?
Answers
Bonds acquired at premiums often have lower yields to maturity than bonds purchased at market rates. This is further explained below.
What is a bond?Generally, Bonds are financial securities that reflect loans made to the issuer by the bondholders themselves. When it comes to borrowing money, governments (at all levels) and companies (of all sizes) often turn to bonds.
In conclusion, If you buy a bond at a discount, the yield to maturity will be lower than its coupon rate.
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The government of Eastlandia uses measures of monetary aggregates similar to those used by the United States, and the central bank of Eastlandia imposes a required reserve ratio of 10%. Given the following information, answer the questions below. [8] Bank deposits at the central bank - $200 million Currency held by public = $150 million Currency in bank vaults = $100 million Checkable bank deposits = $500 million Traveler's checks = $10 million a. What is MI? [2p] b. What is the monetary base? (2p] c. Are the commercial banks holding excess reserves? (2p) d. Can the commercial banks increase checkable bank deposits? If yes, by how much can checkable bank deposits increase?
Answers
Part a: M1 is the total amount of cash in circulation: $660 million.
Part b: monetary base: $450 million.
Part c: commercial banks holding: $50 million.
Define the term monetary aggregates?The country's money stock is gauged by the monetary aggregates.The sum of the dollar quantities of circulated cash plus nonbank travelers checks plus checkable deposits is known as the M1 monetary aggregate, which is the most specifically specified monetary aggregate.Part a: M1 is the total amount of cash in circulation:
public ($150 million), checkable deposits ($500 million), traveler's checks ($10 million), or $660 million.Part b: monetary base:
The total of the public's currency holdings ($150 million) plus the commercial banks' reserves [cash in bank vaults ($100 million) plus bank deposits ($200 million)] makes up the monetary base.
The base amount of money is $450 million.
Part c: commercial banks holding.
$50 million (or 10% of $500 million) in reserves are necessary.
The commercial banks have holding $250 million ($300 million $50 million) in surplus reserves because the total reserves are $300 million ($100 million in cash in bank vaults plus $200 million in bank deposits at the central bank).
Part d: checkable bank deposits:
The commercial banks are able to raise deposits because they have extra reserves. Reserves of $300 million can cover deposits of $300 million/0.1 = $3,000 million with a required reserve ratio of 10%. Deposits at commercial banks can rise by an additional $2,500 million.To know more about the monetary aggregates, here
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What is the W-4 form used for?
filing taxes with the federal government
determining the amount of money an employee has paid out in taxes
calculating how much tax should be withheld from a person's paycheck
calculating how much income was paid in the previous year
Answers
Answer:
C. calculating how much tax should be withheld from a person's paycheck
Explanation:
In order to ensure that, all employees pay taxes on the income earned throughout the year, the internal revenue service (IRS) has made it compulsory and mandatory for all employers to make available a W-4 Form to all their employees, so as to enable these employees fill out how much income tax is to be withheld from their respective paycheck in relation to their filing status.
Hence, a W-4 form is used for calculating how much tax should be withheld from a person's paycheck and submitted to the internal revenue service (IRS).
Additionally, any employee who defaults in the payment of his or her income tax would be faced with stiff penalties such as failure-to-file, paying a fine etc.
Answer:
its c
Explanation:
just took the unit test on edge
Explain the key impact of multinational corporations on market economies.
Answers
Answer:
Multinational corporations minimize costs by constructing production facilities in less developed economies where wages are lower.
Explanation:
i took the quiz
As I understand it, one of the most important skills in dentistry is the ability to throw and/or catch candy in your co-workers' mouths. You would definitely never try this with an unconscious patient. Choose your favorite candy for this imagined activity. Calculate the optimal throwing parameters (whatever you think is important) to land the candy in your co-worker's mouth 10 meters away. Additional Questions 1. What will be the velocity of the candy when it enters your co-worker's mouth? 2. Suppose you are inside and the ceiling is 2.5 meters high. How do you need to change your throw to avoid hitting the ceiling? 3. Now suppose you are outside with a cross-wind from left to right at 9 m/s (about 20mph ). What about your throw has to change now?
Answers
It's important to note that throwing and catching candy in a dental setting or with patients is not a recommended or appropriate practice. However, I can provide some general physics concepts related to your questions:
1. To calculate the velocity of the candy when it enters your co-worker's mouth, you need to consider the horizontal distance, vertical height, and the time it takes for the candy to travel the given distance. The velocity can be calculated using the formula: velocity = distance / time.
2. If the ceiling is 2.5 meters high, you need to adjust your throw to ensure that the candy does not hit the ceiling. This might involve throwing the candy at a lower angle or with less force to reduce the vertical distance it travels.
3. If there is a cross-wind from left to right, it will affect the trajectory of the candy. You may need to adjust the angle and force of your throw to compensate for the wind and ensure the candy reaches your co-worker accurately. Consider throwing slightly against the wind to counteract its effect.
Please remember that these answers are based on hypothetical scenarios and not real-life dental practices. Always prioritize safety, professionalism, and ethical considerations in any healthcare setting.
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whats the difference between leasing and financing a car?
Answers
Although it's difficult to compare, renting is frequently less expensive in the short run. The benefit of financing a vehicle is that, after your auto loan is repaid, all you have to pay for is gas and maintenance.
What differentiate leasing and financing?When opposed to financing, leasing has a cheaper down payment and lower monthly payments for people who are watching their cash flow.
With a lease, you only pay for the depreciation of the car, rather than its full worth. A car is more cheap if the lease payment is smaller.
Therefore, as opposed to lessees who must either continue leasing or buy their own vehicles. In the near run, leasing is frequently cheaper.
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A firm issued $15 million in preferred stock at a price of $3.25 per share. The preferred shares carry a 13% dividend, or $0.43 annually. After paying fees and costs, the firm realizes $2.89 per share issued. What is the cost of capital for this issuance of preferred stock?
Answers
Answer:
14.8%
Explanation:
Cost of capital for preferred stock can be calculated by a simple formula
Formula: Cost of preferred capital = dividend/(Current price - floatation cost)
As you can see in the question data current price - floatation cost and dividend is already given as $2.89 and $0.43 respectively. We just need to put values in formula.
Cost of preferred capital = $0.43/$2.89 x 100
Cost of preferred capital = 14.8%
The HR recruiting specialist and line managers at Clearwater Electronics work closely together when hiring new employees . The line managers are ultimately responsible for the final selection of a new employee , but the HR recruiting specialist serves an important role by providing information about potential employees and arranging for interviews . Why is this service helpful to the line managers ? The recruiting specialist can help the line managers from rushing the hire because there is an immediate need to fill positions The recruiting specialist can help the line managers from expecting too much too soon from new employees . The recruiting specialist can help the line managers from interviewing applicants who are not qualified for the positions . The recruiting specialist can help the line managers from relying too much on the interview , a common recruiting pitfall .
Answers
Answer: The recruiting specialist can help the line managers from interviewing applicants who are not qualified for the positions .
Explanation:
Since the line managers are responsible for the final selection of a new employee while the HR recruiting specialist gives information about potential employees and arranging for interviews, then the recruiting specialist can help the line managers from interviewing applicants who are not qualified for the positions.
By getting information from the potential employees, the recruiting specialist can know the people who are qualified for the job and possess the necessary requirements for the job and those who aren't qualified.
Define ''limited in stock''
Answers
Answer:
Explanation:
it means that the product wont be around aymore since its limited to retailer?
A jet engine has 10 components in series. The average reliability of each component is 0.998. What is the reliability of the engine?
Answers
Answer:
98%
Explanation:
RE = RC1 * RC2 * ....... * RC10:.RE = Reliabilility of the Engine & RC = Reliability of the Components
RE = 0.998 * 0.998 *........ * 0.998
RE = (0.998)^10
RE = 0.9802
RE = 98.02%
Thus, the Reliability of Engine is 98% approximately.
Required information Skip to question [The following information applies to the questions displayed below.] A company like Golf USA that sells golf-related inventory typically will have inventory items such as golf clothing and golf equipment. As technology advances the design and performance of the next generation of drivers, the older models become less marketable and therefore decline in value. Suppose that in the current year, Ping (a manufacturer of golf clubs) introduces the MegaDriver II, the new and improved version of the MegaDriver. Below are year-end amounts related to Golf USA’s inventory. Inventory Quantity Unit Cost Unit NRV Shirts 29 $60 $64 MegaDriver 14 300 200 MegaDriver II 24 330 360 3. Record any necessary adjusting entry to inventory. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Answers
To record any necessary adjusting entry to Golf USA's inventory, we need to consider the lower of cost and net realizable value (NRV) for each inventory item.
Here's the step-by-step process to determine and record the adjustments:
1. Compare the unit cost and unit NRV for each item.
2. Identify any items where the unit cost is greater than the unit NRV, as these will require an adjustment.
3. Calculate the total cost and total NRV for each item requiring adjustment.
4. Determine the difference between the total cost and total NRV for these items.
5. Record the adjusting entry to reduce the inventory value to the lower NRV.In this case, only the MegaDriver item has a unit cost greater than its unit NRV (unit cost of $300 > unit NRV of $200). To record the necessary adjusting entry for this item:
1. Calculate the total cost for MegaDrivers: 14 (quantity) x $300 (unit cost) = $4,200.
2. Calculate the total NRV for MegaDrivers: 14 (quantity) x $200 (unit NRV) = $2,800.
3. Determine the difference: $4,200 (total cost) - $2,800 (total NRV) = $1,400.
The adjusting entry to record the reduction in inventory value is:
- Debit "Loss on Inventory Write-down" for $1,400.
- Credit "Inventory" for $1,400.
This entry reflects the necessary adjustment to Golf USA's inventory to account for the decline in value of the MegaDriver due to the introduction of MegaDriver II.
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customer relationship management is the art and science of group of answer choices management discipline.
Answers
The art and science of positioning customers to increase an organization's profitability is known as customer relationship management.
How profitable is customer relationship management?
A business strategy known as customer relationship management (CRM) promotes customer satisfaction and loyalty while simultaneously optimizing revenue and profitability.Strategy is made possible by CRM technologies, as is the identification and management of in-person and virtual customer relationships.
What does Customer Relationship Management (CRM) entail?
A technology for managing all of your company's interactions with customers and potential customers is customer relationship management (CRM).The objective is clear:Enhance business connections.A CRM system aids businesses in enhancing profitability, streamlining procedures, and maintaining customer contact.
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the 2007–2009 recession was brought on when the federal reserve used excessive tightening of the money supply to solve the period of stagflation from 2004 to 2007. true/false
Answers
The 2007–2009 recession was brought on when the federal reserve used excessive tightening of the money supply to solve the period of stagflation from 2004 to 2007 is false.
Why is the statement not true?The 2007-2009 recession, also known as the Great Recession, was primarily caused by the collapse of the housing market, which led to a financial crisis.
This was due to a combination of factors, including subprime mortgage lending, excessive risk-taking by financial institutions, and the securitization of mortgages.
The Federal Reserve's monetary policy during this period was not primarily focused on combating stagflation, and excessive tightening of the money supply was not the main cause of the recession.
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tions (Online
Virtual)
Click this link to view O*NET's Wages and Employment section for Construction Managers. According to O*NET,
what is the projected growth for this career between 2019-2029?
average
O much faster than average
o little or no change
o slower than average
Answers
Answer: much faster than average
Explanation: Construction managers are the people that are responsible for the coordination and supervision of projects that has to do with construction of building, bridges, road, hospitals etc.
The construction manager is responsible for monitoring finances and ensuring that every firm of hazard is removed from the workplace.
According to O*NET, the projected growth for this career between 2019-2029 would be much faster than average.
Therefore, the correct option is B.
B- Much Faster Than Average
Explanation:Attached is the O*Net conclusion and my Edge answer. Please read the question carefully to make sure that you are answering the right one, this is for Construction Managers
Delon needs to modify the style of his form elements in Access 2016. Which tab in the ribbon should he use to apply Quick styles to a form? Form Design Tools > Design Form Design Tools > Arrange Arrange Form Design Tools > Format
Answers
Answer:
Form Design Tools > Format edg 2021
Explanation:
Form Design Tools> Format is the style Delon needs to modify the form of his elements. Thus, option D is correct.
What is a design tab?The Table Tools contextual tab will appear on the ribbon when you insert or select a table in Microsoft Publisher . You can easily arrange your table, add or remove rows and columns, set the alignment of cells, and format the typography of the text in your table using the two options on this tab, Design and Layout.
Table formatting, cell and table borders, placement of the table on the page, and table size are all included in the Design tab. You can manage the design and appearance of your presentation using the commands on the Design Tab. You can choose a theme from the ones that are offered, and you can alter the color schemes as well. The use of themes streamlines the process of developing polished presentations.
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Consider an economy that produces only smartphones and laptops. If 10 smartphones are sold at $800 each, and 5 laptops are sold at $1.000 cach, then nominal GDP is: $1,800 $13,000 $5.000. $8,000
Answers
The nominal GDP would be $13,000, calculated by multiplying the quantity sold of each product by its respective price and summing them: (10 x $800) + (5 x $1,000) = $13,000.
To calculate nominal GDP, we need to multiply the quantity of each product sold by its price and then sum those values.
For smartphones:
10 smartphones x $800 each = $8,000
For laptops:
5 laptops x $1,000 each = $5,000
Adding these two values together:
$8,000 + $5,000 = $13,000
Therefore, the nominal GDP for this economy is $13,000.
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Give a Brief history from subsistence economy to money economy.
Please Help ASAP. Please
Answers
Answer:
Explantation to the following question is as follows;
Explanation:
A subsistence economy frequently engages in artisans fisheries, labor-intensive agriculture, and animal grazing. Handmade, basic tools and traditional procedures are used in each of these undertakings. The absence of excess is another feature of subsistence economies.
Money is an economic entity that serves as a universally accepted means of trade in a transactional economy. Money performs the function of lowering transaction costs, namely the twofold coincidence of desires.
If the Mayo Clinic wants better integrate technology to improve its customer care, what type of group or team should it implemented
Answers
Answer: cross functional team.
Explanation:
For Mayo Clinic to better integrate technology in order to improve its customer care, a cross functional team should be implemented.
A cross-functional team simply refers to a group of people that possess functional expertise which are quite different but are working toward thesame goal. It is usually made up of every workers in the departments of an organization working towards the achivement of organization goals.
Under current GAAP, inflation is ignored in accounting due to the
A.going concern assumption.
B.economic entity assumption.
C.periodicity assumption.
D.monetary unit assumption.
Answers
Option D. Monetary unit assumption is Correct. The monetary unit assumption is one of the fundamental accounting assumptions underlying Generally Accepted Accounting Principles (GAAP).
It states that financial statements should be expressed in a single currency and that the monetary unit assumption should be made for the purpose of measuring financial transactions and reporting financial condition and performance.
Inflation is not ignored in accounting under current GAAP. Inflation can have a significant impact on a company's financial statements and can be reflected in the financial statements through the use of an inflation adjustment or index. For example, a company may adjust the prices of its goods or services to reflect current market prices, or it may adjust the amounts of cash and other assets and liabilities to reflect the impact of inflation on their purchasing power.
The going concern assumption, economic entity assumption, and periodicity assumption are all important accounting assumptions that guide the preparation and presentation of financial statements.
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Made by Hand Company makes custom furniture of all kinds. The firm has evolved into a big business due to quality and innovative work. Recently, top management asked company departments to list and evaluate the kinds of socially responsible efforts conducted internally and externally in the business and to list negative occurrences that supervisors observed. Top management is essentially conducting a(n)
Answers
Answer:
The right answer is "Social audit".
Explanation:
A comprehensive assessment of the achievements or advancements of something like a corporation to become a community development organization, favorable and unfavorable measures have been taken.As something of an indication of such a particular consequence that should be included under supervisory review metrics, this same quantity of toxins a company releases further into its surroundings.Thus the above is the correct answer.
(will mark brainliest) vince starts with a fraction that is greater than 3/4 and less than 1
he subtracts a fraction that is greater than 0 and less than 1/4.
what is true about this difference?
Answers
The difference between the two fractions is also a fraction that is greater than 3/4 and less than 1.
If Vince starts with a fraction that is greater than 3/4 and less than 1, it means he has a numerator that is greater than 3 and less than 4 and a denominator of 4. This can be represented as (4x + y)/4, where x is a whole number and y is a number between 1 and 3.
If he subtracts a fraction that is greater than 0 and less than 1/4, it means he has a numerator that is less than 1 and a denominator of 4. This can be represented as z/4, where z is a number between 1 and 3.
Therefore, the difference between the two fractions would be (4x + y)/4 - z/4 = (4x + y - z)/4. Since y is greater than z, it means the numerator of the difference is greater than 3 and less than 4, which means the difference is also a fraction that is greater than 3/4 and less than 1.
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you can blank/what your tax liability through proper financial planning
Answers
Answer:
Hsdinabdkeakabeeisbsbdjhsuq
a local furniture store is examining its inventory policy and considering using an economic order quantity approach
Answers
A local furniture store is examining its inventory policy and considering using an economic order quantity (EOQ) approach for a popular table set that they have had difficulty keeping in stock. They have the following information about the set:
Annual demand = 5000 sets
Current order quantity = 75
Carrying cost = $2.00/unit/year
Order cost = $450
Total stocking cost is the cost to the store of holding a good in its inventory. The stocking cost consists of the carrying cost times half the quantity in inventory and the order completion cost times demand divided by the quantity. In its mathematical form the cost is represented by TSC=(Q/2)C + (D/Q)S.
The total annual stocking cost at the EOQ is 46975
What is an EOQ?Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity that minimizes the total holding costs and ordering costs in inventory management. It is one of the oldest classical production scheduling models.
Therefore, the correct answer is as given above
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The complete question goes thus:
A local furniture store is examining its inventory policy and considering using an economic order quantity (EOQ) approach for a popular table set that they have had difficulty keeping in stock. They have the following information about the set:
Annual demand = 5000 sets
Current order quantity = 75
Carrying cost = $2.00/unit/year
Order cost = $450
What is the total annual stocking cost at the EOQ?
Should citizens participating in
criminal trials should have some requirements such as someone who
has a degree? Or someone who makes at least $20,000 per year? Why
or why not?
Answers
Citizens participating in criminal trials should not be required to have a degree or make a certain amount of money per year. This is because such requirements would create inequalities in the justice system and violate the principle of equal protection under the law that is enshrined in the US Constitution.
First, requiring citizens to have a degree in order to participate in criminal trials would discriminate against those who cannot afford higher education. This would create an unfair advantage for those who are more affluent and better-educated, and it would prevent many people from serving on juries or as witnesses.
Secondly, requiring citizens to make a certain amount of money per year would also create inequalities. Poorer citizens would be excluded from participating in criminal trials, which would violate their rights to equal protection under the law. Moreover, wealth is not necessarily a measure of a person's ability to serve as a juror or a witness. A person's income level does not necessarily correlate with their intelligence, education, or integrity
.In conclusion,citizens should not be required to have a degree or make a certain amount of money per year in order to participate in criminal trials. Doing so would violate the principle of equal protection under the law, create inequalities, and prevent many people from participating in the justice system.
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undamentals of consumer choice Hubert and his friend go out for lunch at a nearby food court. Hubert is trying to decide whether to order a soup or a salad. Which of the following factors will directly affect his decision? Check all that apply. a. The friend's budget b. The expected benefits of the two options c. The friend's recommendations d. The color of his friend's car e. The relative prices of soups and salads
Answers
Option e. The relative prices of soups and salads.
Hubert is trying to decide whether to order soup or salad for lunch. From the options given, factors that will directly affect his decision are the relative prices of soups and salads, and the expected benefits of the two options. The correct options are e and b: The relative prices of soups and salads.
The expected benefits of the two options.
Other factors such as the friend's budget, the friend's recommendations, and the color of his friend's car will not directly affect his decision. Therefore, options a, c, and d are incorrect.
The fundamentals of consumer choice or consumer theory is a study of how people choose to allocate their income to purchase goods and services, based on the satisfaction they derive from them. The theory focuses on analyzing how a consumer chooses what to consume based on their income and preferences.
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Question 1 of 10
Which statement best illustrates an example of economic specialization?
A. An artist becomes an expert at designing websites for
restaurants,
B. An employee leaves a large corporation to start her own business.
C. A business owner only hires employees with a wide variety of
skills.
D. A country decides to stop importing goods from foreign
companies.
SUBME
Answers
Answer: the answer is a
Explanation:
Answer:
A country focuses on growing a specific type of crop for export instead of a wide variety of crops
Explanation: If you are on APEX it is right on the test 1.3.2
The game hides the amount of cookies-per-second a new "vendor" (the grandmothers, the cookie farm, the mines, etc.) will grant you until you have purchased your first unit of that upgrade. How did that affect your strategy? How is that similar or different from what real businesses confront when creating a business plan?
Answers
For 1 How does grandma have so many cookies??? For 2 if i eat 555 cookies then imma have diabetes. and for 3 there really is no way to find this out. The only way to find out how many cookies there is now it to see how much cookies there were before and you cant do that without seeing how much is in there now. Its a catch 22.
Explanation:
In a sell or process further decision, the company should process further if the extra
a. cost of processing further is the same as the extra revenue. b. revenue from processing further is less than the extra cost. c. cost of processing further is less than the extra revenue.
d. cost of processing further is greater than the extra revenue.
Answers
In a sell or process further decision, the company should process further if the cost of processing further is less than the extra revenue. This means that the additional costs incurred in the further processing should be outweighed by the additional revenue generated. Option C.
Option c, "the cost of processing further is less than the extra revenue," aligns with this principle. If the cost of processing further is lower than the extra revenue obtained from the additional processing, it indicates that the company can make a profit by continuing the process.
Options a and b are not optimal choices. If the cost of processing further is the same as the extra revenue (option a), it would result in a break-even situation, where there is no net gain for the company. Similarly, if the revenue from processing further is less than the extra cost (option b), it would lead to a loss for the company.
Option d, "the cost of processing further is greater than the extra revenue," would also result in a loss for the company. It implies that the additional costs outweigh the potential revenue, indicating an unfavorable financial outcome.
Therefore, option c, where the cost of processing further is less than the extra revenue, is the most suitable condition for the company to decide to process further.
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a company must disclose any change in its inventory costing method in its financial statements. T/F
Answers
True. According to Generally Accepted Accounting Principles (GAAP), a company must disclose any changes in accounting policies or inventory costing methods in its financial statements.
A company is indeed required to disclose any change in its inventory costing method in its financial statements. The inventory costing method represents a significant accounting policy that affects the valuation of a company's inventory and the cost of goods sold. Any change in the inventory costing method can have a material impact on the financial statements, including the reported values of inventory, cost of goods sold, gross profit, and net income.
Disclosure requirements for changes in accounting policies are governed by accounting standards, such as the Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS), depending on the jurisdiction. When a company changes its inventory costing method, it is considered a change in accounting policy, and the nature and impact of the change need to be disclosed in the financial statements.
The disclosure typically includes information about the nature of the change, the reasons for the change, the specific impact on financial statement line items, and any adjustments made to comparative periods. This ensures transparency and helps users of the financial statements to understand and analyze the effects of the change on the company's financial performance and position.
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