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NARA [144]
2 years ago
8

Kijijo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results. Total asset

s = $240,000 Total liabilities = $130,000 Common stock = $24,000 Dividends = $6,400 Expenses = $94,000 Retained earnings (beginning of year) = $29,000 Required: Calculate the company’s net profit margin expressed as a percent. (Round your answer to the nearest whole percent.)
Business
1 answer:
katrin [286]2 years ago
6 0

Answer:

40%

Explanation:

Total assets. $240,000

Less total liabilities ($130,000)

$110,000

Less common stock ($24,000)

Retained earnings at end $86,0000

Less Retained earnings at the beginning ($29,000)

Addition to retained earnings $57,000

Add dividends $6,400

Net profit earned $63,400

Add expenses $94,000

Revenue. $157,400

Therefore, company's net profit margin expressed as a percentage = Net profit earned / Revenue

= (63,400/157,400) × 100

= 40%

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Which of the following refers to developing policies and practices that enhance the competitiveness of an organization while adv
Alex787 [66]

Answer:

The correct answer is letter "E": shared value.

Explanation:

A firm's shared value includes the purposes of the company in achieving its goals while allowing its immediate society to reach its goals. This shared value is reviewed in deep in the entity's <em>Corporate Responsibility</em> which includes the preservation of the organization's environment, training their personnel for their individual development, and engaging in charitable activities to help the most in need.

3 0
2 years ago
You are a professor of economics at a university.​ you've been offered the position of serving as department​ head, which comes
Oxana [17]

Answer:

$4500

Explanation:

We can calculate the total change in benefits by deducting the opportunity cost of spending the hours with your family by the annual salary.

Opportunity cost = $20/hour x 200 Additional hours

Opportunity cost = $4000

Total change in benefit = Annual salary - Opportunity cost

Total change in benefit  = $8500 - $4000

Total change in benefit  = $4500

6 0
2 years ago
anice plans to save $75 a month, starting today, for 20 years. Kate plans to save $80 a month for 20 years, starting one month f
miskamm [114]

Answer:

Kate will have $2,178 more than Janice

Explanation:

The constant saving of $75 and $80 each month is an annuity payment. The Balance at the end of 20 years of a constant payment is the future value of annuity.

n = number of months = 20 x 12 = 240 months

r = Average rate = 5.5% per year = 5.5% / 12 = 0.46%

Future value of annuity = FV = P x ( [ 1 + r ]^n - 1 ) / r

Janice

Saving per month = $75

FV = $75 x ( [ 1 + 5.5%/12 ]^240 - 1 ) / 5.5%/12 = $32,672

Kate

Saving per month = $80

FV = $80 x ( [ 1 + 5.5%/12 ]^240 - 1 ) / 5.5%/12 = 34,850.2

Difference  = $34850.2 - 32,672 = $2,178

4 0
2 years ago
A real estate analyst has developed a multiple regression line, y = 60 + 0.068 x1 – 2.5 x2, to predict y = the market price of a
Mumz [18]

Answer:

$205,000

Explanation:

With a pricing formula as stated below

y = 60 + 0.068x1 - 2.5x2

where x1 = total number of square feet of the living space

and x2 = the age of the house (years).

When the age of the home (x2) = 10 years, and the home has 2,500 square feet of living area (x1), the price of the home is

y = 60 + (0.068 * 2,500) - (2.5 * 10)

= 60 + 170 - 25

= 205

Since y is in ($1,000s) as given, the price of the home is $205,000.

7 0
2 years ago
g in which one of the following instances is it not advantageous to concentrate a company's activities in a few locations when a
umka21 [38]

Answer:

<u>a case where acquiring a local business may be the quickest, least risky, and most cost-efficient means of hurdling entry barriers.</u>

Explanation:

In such circumstances, it is best that the international corporation acts decisively by seeking hard to expand to various locations since this gives then an advantage of operating under an already known business name.

The fact that this method of entry is quickest, least risky, and most cost-efficient means of hurdling entry barriers,<u> it should give then more reasons to expand to other locations.</u>

4 0
2 years ago
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