Profitability ratios 7. (LO3.2) The Haines Corp. shows the following financial data for 20X1 and 20X2 : For each year, compute the following and indicate whether it is increasing or decreasing profitability in 20X2 as indicated by the ratio: a. Cost of goods sold to sales. b. Selling and administrative expense to sales. c. Interest expenses to sales.
Answers
Analyze Haines Corp.'s profitability using three ratios for 20X1 and 20X2, comparing the cost of goods sold, selling and administrative expenses, and interest expenses.
(a) Cost of goods sold to sales ratio: This ratio measures the portion of sales revenue that is used to cover the cost of producing goods. To calculate it, divide the cost of goods sold by the sales revenue for each year.
Compare the ratio for 20X2 to 20X1. If the ratio decreases in 20X2, it indicates improved profitability as a smaller portion of sales is allocated to cover the cost of goods sold.
(b) Selling and administrative expense to sales ratio: This ratio measures the portion of sales revenue that is used to cover selling and administrative expenses.
Divide the selling and administrative expenses by the sales revenue for each year. Compare the ratio for 20X2 to 20X1. If the ratio decreases in 20X2, it suggests improved profitability as a smaller portion of sales is allocated to these expenses.
(c) Interest expenses to sales ratio: This ratio indicates the portion of sales revenue that is used to cover interest expenses. Divide the interest expenses by the sales revenue for each year.
Compare the ratio for 20X2 to 20X1. If the ratio decreases in 20X2, it signifies improved profitability as a smaller portion of sales is allocated to interest expenses.
By analyzing the changes in these ratios between 20X1 and 20X2, it can be determined whether the profitability of Haines Corp. has increased or decreased in 20X2.
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Related Questions
The type of insurance which pays for the replacement or repair of YOUR vehicle following a crash in which you are at fault is _____.
Answers
The type of insurance which pays for the replacement or repair of your vehicle following a crash in which you are at fault is Collision insurance.
Give a brief account on Collision insurance.If your car is in an accident with anything stationary or another moving item, collision insurance may help cover the cost of repairs or replacement. Although collision insurance isn't mandated by law in any state, if you're leasing or financing your car, your lender might. For the majority of automobiles, including cars, motorcycles, boats, and recreational vehicles (RVs), collision insurance coverage is offered.
Because no state law mandates collision insurance, it is regarded as an optional policy. However, your lender might demand it if you lease or finance your car in order to safeguard their investment. If you opt not to get collision coverage on a vehicle you own outright and are involved in a single-vehicle accident or are found to be at fault for, you will be responsible for paying for the repair or replacement of your vehicle out of pocket. However, their liability insurance will normally cover the damage if the other motorist is determined to be at fault.
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The AutoSum icon is located in
which of the following groups on the
Home tab? *
Answers
Answer:
The AutoSum option can be found in two areas: It is contained in the Editing group of the ribbon, as shown in the first example above. It can also be found under the Formulas tab.
Select the one which is not a characteristic of services.a. Services usually have the customer involved in the process.b. Does not exist prior to purchase.c. Ownership is transferred at the time of purchase.d. Intangible.
Answers
The option that is not a characteristic of services is c) ownership is transferred at the time of purchase. Services are intangible, meaning they cannot be touched or owned like physical products.
Additionally, services often require customer involvement in the process, as the customer is typically receiving the service. Unlike physical products, services do not exist prior to purchase, as they are often created and delivered inreal time. Therefore, the correct answer is c) ownership is not transferred at the time of purchase when it comes to services. Instead, the customer is paying for the service and the experience it provides.
Your answer: The option that is not a characteristic of services is c. Ownership is transferred at the time of purchase. Services are distinct from goods in various ways, including their intangible nature, customer involvement, and lack of prior existence. However, unlike tangible goods, services do not involve the transfer of ownership upon purchase, as they are typically consumed and experienced rather than owned.
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OK I need to think of a name for my business. My business I want to make will have lip gloss,bath bombs, necklaces, rings and other things. I need a girly name but not to girly. Can you share some ideas? Please help I'll give u anything, like a 5 star or something.
Answers
Answer:
Halonia
Explanation:
Sounds very unique and different. Very eye catching. Sounds girly but not too girly.
Billa Corporation bases its predetermined overhead rate on variable manufacturing overhead cost of $8.50 per machine-hour and fixed manufacturing overhead cost of $609,900 per period. If the denominator level of activity is 5,700 machine-hours, the predetermined overhead rate would be: (Round your intermediate calculations to 2 decimal places.) Multiple Choice O $8.50 0 $115.50 0 $107.00 0 $850.00
Answers
The predetermined overhead rate for Billa Corporation is $115.50 per machine-hour.
The correct multiple choice answer is $115.50.
The predetermined overhead rate is calculated by combining both variable and fixed manufacturing overhead costs and then dividing by the denominator level of activity. In this case, Billa Corporation has variable manufacturing overhead costs of $8.50 per machine-hour and fixed manufacturing overhead costs of $609,900 per period. The denominator level of activity is 5,700 machine-hours.
First, find the total variable manufacturing overhead costs by multiplying the variable cost per machine-hour by the denominator level of activity:
$8.50 per machine-hour * 5,700 machine-hours = $48,450
Next, add the fixed manufacturing overhead costs to the total variable manufacturing overhead costs:
$48,450 (variable overhead) + $609,900 (fixed overhead) = $658,350
Finally, divide the total manufacturing overhead costs by the denominator level of activity to find the predetermined overhead rate:
$658,350 / 5,700 machine-hours = $115.50 per machine-hour
So, the predetermined overhead rate is $115.50 per machine-hour.
Therefore, the correct multiple choice answer is $115.50.
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answer them all correct and get brainliest and 50 points
Which of the following is the best way to write a salutation in a cover letter addressed to Mr. Ravi Patel, Human Resources Manager, ABC Company?
a.
Dear Sir:
b.
To Whom It May Concern:
c.
Dear Mr. Patel:
d.
Gentlemen:
Please select the best answer from the choices provided
A
B
C
D
An excerpt of an introduction of a cover letter about an opening at Green Acres Community Center.
Which type of cover letter would the above excerpt come from?
a.
Prospecting cover letter
b.
Networking cover letter
c.
Application cover letter
d.
Follow up cover letter
Please select the best answer from the choices provided
A
B
C
D
Which of the following is NOT an example of nonverbal communication?
a.
Using facial expressions
b.
Talking on the telephone
c.
Making eye contact
d.
Making hand gestures
Please select the best answer from the choices provided
A
B
C
D
Communication may account for as much as _____ of a hiring decision.
a.
25%
b.
40%
c.
65%
d.
80%
Please select the best answer from the choices provided
A
B
C
D
The purpose of sending a thank-you letter after an interview is to _____.
a.
increase name recognition
b.
demonstrate good manners
c.
reiterate interest in a position
d.
reinforce qualifications
e.
all of the above
Please select the best answer from the choices provided
A
B
C
D
E
Answers
A
B
D
E
These are the answers that I got I’m pretty sure all of them should be right
Answer:
C
A
B
D
E
Explanation:
i just plugged them in on edge 2020
PLS HELP!! Explain the Interest-Based Relational (IBR) Approach.
Answers
Answer: See explanation
Explanation:
In conflict resolution, the Interest-based Relational (IBR) approach is used to resolve conflict or issues while a personal relationship that is positive is still being maintained.
For the interest based relational approach, conflict is resolved through active listening and carefully analysing the issues involved. Such conflict is resolved by being non-confrontational and the point of view of everyone involved is listened to.
Your social media promotion can either narrowly target 50,000 users with an estimated click rate of 10% or broadly
target 250,000 users with an estimated click rate of 1%. Which will get more clicks?
Answers
Answer:
Narrow targeting
Explanation:
1% of 250,000 is 2,500
10% of 50,000 is 5,000
A social media promotion can either narrowly target 50,000 users with an estimated click rate of 10% or broadly target 250,000 users with an estimated click rate of 1%. The narrowly target is the best way.
What is social media?Social media is a term used to describe online communication. Social media systems enable users to have discussions, exchange information, and create content for the internet. Social media mostly used in the youth. The social media are to share the information quickly.
The social media promotion is the part of the marketing. The narrowly target is the specific niche of consumers is the target market on the right time to the right audience. The broadly target to the cover the large level of the audience. The narrowly target is the best option in the social media promotion.
The calculation are:
1% of 250,000 is 2,50010% of 50,000 is 5,000As a result, the significance of the social media are the aforementioned.
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which is a good synonym for the word barter in the term barter economy?
Answers
It should be noted that a good synonym that can be used for the word barter in a barter economy is trade.
A barter economy simply means a cashless economy where a good and services are traded at negotiated rates.
It should be noted that barter systems are known as one of the earliest forms of trade. Therefore, a synonym that can be used for the word barter in a barter economy is trade.
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please help me with this match the column if i get perfect answer then i will give brainliest
Answers
Answer:
what do you need help on
Explanation:
The current price of a German bond is €98 and the current exchange rate is €1 = $1. 5. The bond pays a coupon of €10 per period. ‘You expect the bond price to increase to €105 at the end of the period. Also, you expect the exchange rate to become €1= $1. 15 at the end of the period. What is the expected dollar rate of return on the German bond for the period?
Answers
The expected dollar rate of return on the German bond for the period is 16.15%.
Expected capital gain = €105 - €98 = €7
Expected exchange rate = €1 = $1.15
Expected dollar bond price = €105 × ($1.15/€1) = $120.75
Expected coupon payment = €10 × ($1.5/€1) = $15
Initial dollar bond price = €98 × ($1.5/€1) = $147
Expected dollar rate of return = ($15 + €7 × ($1.15/€1)) / $147 = 16.15%.
A bond refers to a debt security issued by a corporation, government or other organization, which serves as a means of borrowing funds from investors. When an entity issues a bond, it is essentially borrowing money from investors who buy the bond, and promising to pay them back with interest at a predetermined time in the future.
Bonds are generally considered to be less risky than stocks because they provide a fixed income stream and a predetermined repayment date. The interest rate on a bond is called the coupon rate and is typically fixed for the life of the bond. Bonds are usually bought and sold on the bond market, which is a separate market from the stock market. Investors can use bonds to diversify their portfolios and reduce their overall risk because the returns on bonds tend to be less volatile than stocks.
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Question 8 of 20
Which person is making the highest risk investment?
A. Daphne invests 50 percent of her portfolio in mutual funds
B. Norville invests 75 percent of his portfolio in stocks,
C. Velma puts half her money in a hedge fund and half in mutual
funds
D. Fred puts half his money in stocks and half in real estate
investments
Answers
The individual that makes the investment that has highest risk is Norville because he invested 75 percent of his portfolio in stocks.
What investment are considered high risk?High risk investment refers to an investment that have large chance of loss of capital and high chance of a devastating loss.
Daphne invests in mutual funds which offeres low risk, Velma and Fred spread their risk to reduce loss if any occur.
Therefore, the Option B is correct.
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Answer:
B
Explanation:
b
The number of companies involved in international trade has grown significantly in recent years. What percent of U.S. exporters are relatively small companies (i.e. less than 500 employees)?
A.Less than 5%
B.10%
C.25%
D.More than 90%
Answers
The number of companies involved in international trade has indeed grown significantly in recent years, driven in part by advances in technology and increased access to global markets. Here option D is the correct answer.
In the United States, small and medium-sized enterprises (SMEs) play an important role in international trade, accounting for a significant portion of U.S. exports.
In fact, the vast majority of U.S. exporters are relatively small companies. According to data from the U.S. Census Bureau, more than 90% of U.S. exporters have fewer than 500 employees. This suggests that SMEs are a critical part of the U.S. export economy and that international trade can provide important growth opportunities for smaller businesses.
While larger companies may have more resources and experience to navigate the complexities of international trade, smaller companies can often be more agile and innovative in responding to new market opportunities. As such, supporting SMEs in international trade is an important policy priority for many governments around the world.
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Norm’s car, which he uses 100% for personal purposes, was completely destroyed in an accident in 2018. Norm’s adjusted basis in the car at the time of the accident was $13,000. Its fair market value was $10,000. The car was covered by a $2,000 deductible insurance policy. Norm did not file a claim under his insurance policy. His adjusted gross income was $14,000 (before considering the loss). What is Norm’s deductible loss?
a. $0
b. $100
c. $500
d. $9,500
e. None of the above is correct.
Answers
Given details about his insurance policy, gross income, and the car's market value, Norm's deductible loss is $6,500. The correct option is e.
Step 1: Determine the smaller amount between the adjusted basis and fair market value.
In this case, the smaller amount is the fair market value, which is $10,000.
Step 2: Subtract the insurance deductible from the smaller amount.
Since Norm did not file a claim under his insurance policy, we subtract the $2,000 deductible: $10,000 - $2,000 = $8,000.
Step 3: Subtract 10% of the adjusted gross income from the result in Step 2.
10% of Norm's adjusted gross income ($14,000) is $1,400. So, $8,000 - $1,400 = $6,600.
Step 4: If the result is greater than $100, then the deductible loss is the result minus $100.
Since $6,600 is greater than $100, Norm's deductible loss is $6,600 - $100 = $6,500.
However, none of the provided options matches this result. So, the correct answer is:
e. None of the above is correct.
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i need help with Question B5 (a) short essay. im completely lost please help me :(
Answers
HELP PLEASE If in response to an increase in investment of $5 billion, equilibrium output rises by a total of $20 billion, then the marginal propensity to consume is
A) .8
B) .75
C) .7
D) .6
E) .85
Answers
Answer:
Pretty sure its B
Explanation:
lets say you have 20 take away 75% of 20 and your left with 5. every 5 Billion is 25%
Answer:
0.75 took the test
Explanation:
ambush marketing can best be described as linking a sponsor to a physical site such as a stadium, arena, auditorium, or racetrack. T/F
Answers
False.
Ambush marketing is a marketing strategy in which a company or brand seeks to associate itself with a particular event or property without being an official sponsor or obtaining the necessary rights or permissions.
It involves leveraging the event's popularity or drawing attention to the brand in a way that creates an association with the event in the minds of consumers, often through creative and unconventional means.
This can include activities such as guerrilla marketing, creating advertising campaigns that allude to the event, or sponsoring unrelated activities or individuals associated with the event. It does not necessarily involve linking a sponsor to a physical site like a stadium, arena, auditorium, or racetrack.
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Which of the following will be accomplished by efficient allocations of the factors of production?
guaranteeing economic success
understanding whether a product will fail
fulfilling many needs and wants of society
replenishment of limited resources
Answers
Answer:C
Explanation: Just took the test:)
What will be accomplished by efficient allocations of the factors of production is fulfilling many needs and wants of society
What are factors of production?factors of production can be regarded as those factor that make production possible such as capital and land.
Therefore, fulfilling many needs and wants of society is one of beauty of production.
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what is the decision making process
Answers
Answer:
Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.
There are actually five steps in the process the five steps are:
There are 5 steps in a consumer decision making process a need or a want is recognized, search process, comparison, product or service selection, and evaluation of decision. Most decision making starts with some sort of problem.
Explanation:
Hope this helps: D
- Lea
Brainliest pleae: P
3. The interest rate for an auto loan is actually 8% instead of 4%. Will this increase or decrease the demand for new cars? Why?
4. What are some substitutes to buying a new car?
5. Other than the price of the car, what are other costs that you should consider when buying a car?
6. Why should you research the price of similar Camry’s before selling your Camry?
7. If you decide to purchase a new car, you’ll need to sell your Camry quickly. What can you do to sell your used car faster? Why will this strategy work?
8. Other than those mentioned, what are some other factors that influence your demand for a new car?
9. Will you buy a new car, buy a slightly used car, or keep your old car?
Answers
This would decrease the demand for new cars, as the cost of financing will be higher than anticipated.
What is anticipated ?Anticipation is the expectation of something to happen in the future. It is the feeling of excitement or anxiety about a potential event or outcome. Anticipation is the sense of looking forward to something, whether it be a special occasion, a meeting, or a new experience. It is a psychological phenomenon that can be both positive and negative.
Anticipation is an important emotional experience that can be both positive and negative. It can help us to stay motivated and inspired, or it can create feelings of worry and dread. Whether it is a positive or negative experience, anticipation is an essential part of life.
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Please help!
a) Beatrice lives in a small town of 5,000 people. There are 1,500 people under the age of 16,
500 people who are retired, 2,750 people who have jobs, and 250 people who are actively
looking for work. What is the unemployment rate of Beatrice's town?
Answers
Answer:
8.33%
Explanation:
250 unemployed people looking for work / 3000-member labor force = 0.0833
3000 = 5000 (the population) minus 2000 (those who aren't part of the labor force; aka the kids and retirees)
Which inventory cost flow assumption is commonly used internally by companies that externally report under the lifo cost flow assumption?.
Answers
The FIFO inventory cost flow assumption is commonly used internally by companies that externally report under the LIFO cost flow assumption.
According to FIFO, the first items stored should be retrieved first. First-in, first-out, or "FIFO," refers to the practice of recording sales of the oldest inventory items first (but this does not necessarily mean that the exact oldest physical object has been tracked and sold). In other words, the expensed cost is the cost related to the inventory that was purchased initially.
What is FIFO and LIFO?
There are two accounting techniques known as FIFO and LIFO that are used to manage inventory and financial concerns regarding the amount of money a corporation must have locked up in inventory of finished goods, raw materials, parts, components, or feedstocks. They are used to control inventory cost estimates, stock repurchases (if made at a lower price), and numerous other accounting assumptions. Even if a corporation utilizes FIFO for inventory management, it may nevertheless use the LIFO approach for accounting (i.e., for the actual storage, shelving, and sale of its merchandise). For instance, a business that sells a lot of perishable goods, like a chain of supermarkets, is likely to manage its inventory using the FIFO approach to make sure that items with earlier expiration dates are sold before others with later expiration dates. This does not, however, prevent the same corporation from using the LIFO method to account for its goods.To learn more about FIFO and LIFO visit:https://brainly.com/question/24938626
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developing a product strategy involves studying your product and company features but does not involve configuring value-added solutions. true/false
Answers
The statement , "developing a product strategy involves studying your product and company features but does not involve configuring value-added solutions" is False , because it involve configuring value-added solutions.
The Product Strategy is defined as a plan that outlines how a company will market, sell, and support a product or service.
This involves understanding customer needs and preferences, analyzing competitors, identifying market opportunities, and developing a unique value proposition that sets product apart from others in market .
A key aspect of developing a product strategy is identifying the value-added solutions that the product offers to customers.
This may involve configuring the product to meet specific customer needs or developing additional features and services that enhance the value of the product.
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How can an employer prevent their employees from being exposed to hazardous substances?
Answers
An employer prevent their employees from being exposed to hazardous substances using control equipment and controlling procedures.
Workers should have access to eating and break areas that are apart from their work locations in order to reduce the danger of ingesting hazards and to foster a more pleasurable working environment. Work with the union and the firm to ensure that the presence of hazardous chemicals is consistently monitored at the workplace. Each business that handles hazardous materials is distinctive. Their use of chemicals, the reasons behind it, the number of people who handle it, and the resources available to them to reduce the hazards associated with chemical usage are all different.
utilizes or dons the tools, safety gear, or uniforms that the employer of the worker requires. works in accordance with the Act's and any requirements under it that relate to their company's protective equipment, methods, and processes.
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the data gathered from forecasting helps the recruitment process by
Answers
The data gathered from forecasting helps the recruitment process by providing insight into the expected future needs of the organization in terms of workforce and skill sets. This information can be used to create effective recruitment strategies that attract the right candidates with the necessary qualifications and experience.
The data gathered from forecasting helps the recruitment process by:
1. Identifying future staffing needs: Forecasting enables organizations to predict their future staffing requirements, ensuring they can prepare for and hire the right number of employees with the necessary skills.
2. Guiding talent acquisition strategies: By understanding the future demand for specific job roles and skill sets, companies can develop targeted recruitment strategies and invest in appropriate sourcing methods.
3. Improving budgeting and resource allocation: Accurate forecasting allows organizations to allocate resources efficiently, such as budgeting for recruitment efforts and investing in training and development programs.
4. Enhancing workforce planning: Forecasting supports workforce planning by providing insights into potential skills gaps, allowing companies to proactively address these through training, reskilling, or hiring new employees.
5. Reducing time-to-fill: With a clear understanding of future hiring needs, organizations can build a pipeline of qualified candidates and reduce the time it takes to fill open positions, thus minimizing the impact of employee turnover.
The data gathered from forecasting plays a crucial role in the recruitment process by identifying staffing needs, guiding talent acquisition strategies, improving budgeting and resource allocation, enhancing workforce planning, and reducing time-to-fill for open positions.Additionally, forecasting can help identify potential talent gaps and areas of growth, allowing recruiters to focus on specific job categories or industries that require more attention. Ultimately, accurate forecasting can save time and money by ensuring that recruitment efforts are targeted and aligned with the organization's long-term goals.
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Employment agencies, career fairs, and Internet ads can all be sources of
a work permits
b.
school-to-work programs
C. résumés
d. job leads
Answers
Answer:
D. Job leads
Explanation:
Employment agencies, career fairs, and Internet ads can all be sources of job leads. Hence, Option D is correct.
What are the Employment agencies?There are various kinds of agencies in the whole world that target providing the required stuff to the person or the ultimate user when it comes to the types of agencies
There are various types of agencies that are present in the whole world according to the type of material that they have available at different agencies.
If it is about employment agencies, these are the agencies that provide employees to the ultimate employers, and with the help of employment agencies, those who belong to the unemployment category will get employment according to their qualifications.
Therefore, Option D is correct.
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influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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WHAT ARE MANAGED SERVICE OPERATIONS?
Answers
What are the dangers associated with having a high national debt?
Answers
In addition to showing the path of future debt, CBO's Long-Term Budget Outlook described the consequences of a large and growing federal debt. The four main consequences are: Lower national savings and income. Higher interest payments, leading to large tax hikes and spending cuts.
Answer:
Explanation:
Lower income and economic opportunities for the people. Might lose investors and business opportunities.
Which type of ebusiness marketing technique induces websites or users to pass on a marketing message to other websites or users, creating exponential growth in the message's visibility and effect