the balance sheet of abc reports total assets of $1,500,000 and $1,700,000 at the beginning and end of the year, respectively. net income and sales for the year are $240,000 and $2,000,000, respectively. what is abc's profit margin? (just put in the number without %)

Answers

Answer 1

ABC's profit margin is estimated as 0.12 or 12% found using the profit margin formula.

ABC's profit margin can be calculated using the formula:

Profit Margin = Net Income / Sales

Net income for ABC is given as $240,000 and sales are given as $2,000,000. Therefore, the profit margin for ABC can be calculated as:

Profit Margin = $240,000 / $2,000,000
Profit Margin = 0.12 or 12%

This means that for every dollar of sales made by ABC, they earned a profit of 12 cents. It is worth noting that the information provided in the question only allows us to calculate the profit margin, and we cannot determine any other financial ratios or performance indicators of ABC from this information alone.

It is also important to note that the changes in total assets reported on the balance sheet from the beginning to the end of the year do not directly affect the calculation of the profit margin. The profit margin is calculated based on the income statement figures of net income and sales.

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Related Questions

A car dealership sells a car to a customer for $35,000. the customer makes a 10% down payment, and the dealership finances the remaining 90% in-house. how much will the car dealership record in accounts receivable for this customer

Answers

The car dealership will record $31,500 in accounts receivable for this customer, which represents the amount of financing that it has extended to the customer for the purchase of the car. In this case, the car dealership has sold a car to a customer for $35,000 and the customer has made a 10% down payment, which amounts to $3,500. Therefore, the remaining amount that the dealership needs to finance in-house is $31,500 (which is 90% of the total cost).

Since the dealership has not received the full payment upfront, it will record $31,500 as accounts receivable for this particular customer. This means that the customer owes the dealership this amount of money and is expected to pay it back over time, based on the terms of the financing agreement.
The dealership will need to keep track of this amount in its financial records, and also monitor the payments that the customer makes towards this outstanding balance. As the customer pays off the balance, the dealership will reduce its accounts receivable accordingly, until the full amount is received.
In conclusion, the car dealership will record $31,500 in accounts receivable for this customer, which represents the amount of financing that it has extended to the customer for the purchase of the car.

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Below is a Receiver Operating Characteristic (ROC) Curve that reports the performance for a trained classifier.

How does this plot provide an indication of the performance and what additional statistic can be calculated from ROC analysis to judge performance?

Answers

The Receiver Operating Characteristic  (ROC) bend is a graphical portrayal that delineates the presentation of a parallel classifier at different grouping edges.

It is made by plotting the true positive rate (TPR) against the false positive rate (FPR) as the limit for arranging positive and negative occasions is fluctuated.

The state of the ROC bend and its vicinity to the upper left corner demonstrate the classifier's prejudicial power. A bend that is nearer to the upper left corner recommends a superior classifier with higher by and large exactness. Then again, a bend that is nearer to the inclining line (addressing irregular speculating) demonstrates a more vulnerable classifier.

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problems with manufacturing a new product cost-effectively is one reason for the

Answers

One of the reasons for problems in manufacturing a new product cost-effectively is the complexity involved in achieving efficient production processes.

Manufacturing a new product cost-effectively can present various challenges, and one of the key reasons is the inherent complexity of achieving efficient production processes. When introducing a new product, manufacturers often face design complexities, technological uncertainties.

Design complexities arise when a new product requires intricate engineering or involves complex components, which can increase production costs. The design phase plays a crucial role in determining the ease of manufacturing and the associated costs.

If the product design is not optimized for efficient production, it can lead to inefficiencies, higher labor requirements, or the need for specialized equipment, all of which contribute to increased manufacturing costs. Technological uncertainties can also impact cost-effective manufacturing.

Developing new technologies or incorporating advanced features into a product may require additional research, development, and testing. These processes can be time-consuming and costly, particularly if there are technical hurdles to overcome.

The uncertainty and risk associated with implementing new technologies can lead to higher production costs and affect the overall cost-effectiveness of manufacturing the new product. Furthermore, production challenges related to scalability, sourcing materials, or achieving consistent quality can add to the cost burden.

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When Rosco was unable to pay the $1,000 he owed Lyden, Lyden agreed to let Rosco paint Lyden's house in payment. When Rosco finished painting Rosco's house, the original obligation was discharged by

Answers

Answer:

full (by painting his house)

Explanation:

When Rosco was unable to pay the $1,000 he owed Lyden, Lyden agreed to let Rosco paint Lyden's house in payment. When Rosco finished painting Rosco's house, the original obligation was discharged by full (by painting his house)

Reason -

(i.e. If Rosco is unable to pay $1000 then in that option he painted Lyden's house so he is discharged by painting his house )

Compared to other IMC alternatives, advertising is extremely effective for Multiple Choice
decoding messages efficiently.
closing a sale.
creating awareness and generating interest in a product.
reducing the potential for noise.
repositioning consumers in the AIDA model.

Answers

Compared to other Integrated Marketing Communications (IMC) alternatives, advertising is extremely effective in creating awareness and generating interest in a product.

Advertising is a paid form of promotion that is meant to inform, persuade, and remind people about a product or service. It is a crucial element of the promotional mix that companies use to communicate with their target audience. Through advertising, businesses can reach a large audience and communicate their message effectively.Advertising helps in creating brand awareness and generating interest in a product.

It helps in building the brand image and helps in creating a loyal customer base. It informs the audience about the product and its features. Advertising can also influence the decision-making process of the customers. Through advertising, businesses can differentiate themselves from their competitors and communicate their unique selling proposition (USP).It is important to note that advertising is not always the best IMC alternative.

Other alternatives such as public relations, personal selling, direct marketing, and sales promotion can be more effective depending on the marketing objectives and the target audience.

Therefore, it is important to select the most appropriate IMC alternative based on the marketing objectives, target audience, and budget.

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What role do ethics play in using technology in market research?

Answers

Answer:

The importance of ethics in marketing research doesn’t just apply to the way participants are treated but market research methods as well. Companies today have more access to customer data than ever before and this amount of access can easily lead to deceptive practices.

Explanation:

the communications management plan for any project should always be expressed in written form. true false

Answers

True The communications management plan for any project should always be expressed in written form.

Which of coming up next is a vital result of venture obtainment the board?

A written procurement management plan, which is a subsidiary of your project management plan, is the primary output of this process. Other possible outcomes include: RFP forms. selection criteria for vendors.

What are the goals of the knowledge area project risks management?

Understanding risks at the project and program level, minimizing the likelihood of negative events, and maximizing the likelihood of positive events on project and program outcomes are the goals of project risk management.

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1. According to this supply curve, 400 movie videos will be supplied at what price?
a. $12
b. $16
c.$14
d.$10

Answers

According to this supply curve, 400 movie videos will be supplied at what price 12 dollars.

What is a supply curve?

A supply curve is a graphical representation of the relationship between the quantity of a good or service that a producer is willing to sell and the price at which they are willing to sell it. The curve is upward sloping, which means that as the price of a good or service increases, the quantity supplied by producers will also increase.

The opposite is also true, as the price of a good or service decreases the quantity supplied by producers will decrease. It is assumed that all other factors (technology, input prices, taxes and subsidies etc.) that affect production remain constant.

The position of the supply curve can also change depending on these factors. The supply curve is a fundamental concept in microeconomics, it is used to analyze market behavior and the determination of prices in a market.

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Anna wants to take seven days off from her job as an accountant to observe a religious holy week. Her employer is reluctant to allow the leave, because they are already short staffed for that week. He employer has over 15 employees, and is not a religious organization. Must they grant her request for leave

Answers

Answer: They must grant the leave only if it amounts to a reasonable accommodation

Explanation:

Based on the information given in the question, they must grant the leave only if it amounts to a reasonable accommodation.

A reasonable accommodation refers to an adjustment that is made in a system in order to accommodate the system for an individual due to the fact that there is a proven need. Such accommodations can be mental, physical, religious, academic or emotionally related.

business presentations a. are always informative in nature. b. may vary in complexity. c. are always delivered face-to-face. d. are always persuasive in nature.

Answers

Business presentations may vary in complexity. While some presentations may be straightforward and informative, others may be more complex and require a more detailed answer that includes persuasion and a call to action.

Additionally, business presentations do not always have to be delivered face-to-face, as technology allows for remote presentations through video conferencing or other virtual means. Business presentations can have a variety of purposes and formats, depending on the specific context and goals of the presenter.

Business presentations can differ in their nature, purpose, and delivery method. They are not always informative or persuasive, as they may have different objectives, such as motivating employees or discussing company strategy. Furthermore, they can be delivered through various channels, like online meetings or video conferences, and are not always face-to-face. The complexity of the presentation can depend on factors such as the subject matter, audience, and desired outcome.

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Suppose that a demand curve exhibits two points. Initially, at price P 0 , the quantity demanded is Q 0 . When price changes to P 1 , quantity demanded is Q 1 . Move the components of the midpoint formula for elasticity of demand to their correct positions.

Answers

Answer and Explanation:

The formula to compute the price elasticity of demand is as follows:

= Percentage change in quantity demanded ÷ percentage change in price

At Price P0, the Quantity demanded is Q0

And,

At Price P1, the Quantity Demanded is Q1

Just like this, it could be computed

\(\frac{Q_1 - Q_0}{(Q_1 + Q_0)/2}\) divided by \(\frac{P_1 - P_0}{(P_1 + P_0)/2}\)

Suppose that a demand curve exhibits two points. Initially, at price P 0 , the quantity demanded is Q

a bank promises to pay 5.5% pa compound interest on deposits of £2337 if saved for 3 years. how much will the savings be worth at the end of the period mentioned? write your answer correct to 2 decimal places.

Answers

Answer:

£2,744.20

Explanation:

savings amounts after 3 years can be calculated using the formula below.

A = P x ( 1 + r) ^ n

Where A is the amount after three years

P = principal amounts:  £2337

r: interest rate: 5.5% or  0.055

n is the number of periods: 3 years

A =£2337 x( 1 + 0.055)^3

A =£2337 x(1.055) ^3

A=£2337 x 1.174241

£2,744.20

Amount after 3 years will be £2744.20

Drag the tiles to the correct boxes to complete the pairs. Match the components of an income statement with their description.
COGS
gross profit
operating expenses
selling expenses

expenses that a business incurs to carry out its daily operations.
expenses incurred for manufacturing or obtaining the products and materials sold during a given period.
money spent on advertising, traveling, and promotions.
balance arrived at after deducting the expenses incurred on the goods sold from the revenue earned by selling the goods.​

Answers

Answer:

see below

Explanation:

1. COGS

Expenses incurred for manufacturing or obtaining the products and materials sold during a given period.

COGS are the direct expenses in the production process. They include labor, materials, and direct overheads.

2. Gross profit

Balance arrived at after deducting the expenses incurred on the goods sold from the revenue earned by selling the goods.​

The revenues must exceed the expenses for a business to realize a gross profit. Otherwise, it will be a loss.

3. Operating expenses

Expenses that a business incurs to carry out its daily operations. They are the indirect cost of production. Examples include insurance, administrative, and security costs.

4. Selling expenses

Money spent on advertising, traveling, and promotions. These are the costs incurred in the selling process.

What is the main idea behind limited liability?

Answers

Answer:

the assets and debts of the business remain separate from the personal assets and debts of the company's owners.

Explanation:

Question:  Hello: ) ✨ What is the main idea behind limited liability?

Answer: the assets and debts of the business remain separate from the personal assets and debts of the company's owners. If a company goes bankrupt, creditors cannot therefore go after the owners' personal assets, just that of the business. The purpose of an LLC, or a limited liability company, is to shield the business owner from personal liability for the company's debts. Most states allow residents, individuals who live outside the state or country, other LLCs, corporations, pension plans, and trusts to serve as LLC owners.

Have a nice day/night hun <3

an outsource vendor can choose the technology that it wants to implement, unless a contract requires otherwise.T/F

Answers

True. An outsourcing vendor generally has the flexibility to choose the technology it wants to implement unless specified otherwise in the contract.

The choice of technology is typically within the vendor's purview as they are responsible for delivering the outsourced services or solutions. However, contractual agreements can impose specific requirements regarding technology, including the use of certain systems, software, or infrastructure. These requirements may be driven by compatibility needs, security standards, regulatory compliance, or alignment with the client's existing technology stack. It is essential for both the client and the vendor to have clear communication and mutually agreed-upon terms regarding technology selection to ensure the desired outcomes and expectations are met throughout the outsourcing engagement.

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A bond is actually a(n) _____. (Select all that apply.)


investment

short-term instrument

type of security

debt instrument

Answers

Investment but I’m not sure

seedbed preparation
activities
1.cleared the area

Answers

Get your supplies lay them out and start your seed preparing with paper towel water and the seeds

At the operational level, employees are continuously evaluating company operations to hone the firm's abilities to identify, adapt to, and leverage change.
true
false

Answers

True, at the operational level, employees play a crucial role in evaluating company operations and enhancing the firm's ability to recognize, adjust to, and capitalize on changes.

At the operational level, employees are the ones directly involved in day-to-day activities and have a deep understanding of the company's operations. They are constantly evaluating and assessing various aspects of the business, such as processes, systems, performance metrics, and customer feedback.

Employees' active involvement in evaluating company operations enables them to provide valuable insights, suggest process enhancements, and contribute to overall operational efficiency. By continuously monitoring and analyzing operations, they can identify potential bottlenecks, inefficiencies, or emerging trends .

Moreover, employees play a vital role in leveraging change. They can provide valuable input and feedback on new strategies, technologies, or initiatives, helping the company capitalize on opportunities and navigate through challenges effectively.

Hence, it is true that at the operational level, employees are continuously evaluating company operations to enhance the firm's ability to identify, adapt to, and leverage change.

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Because strategic alliances rarely work as well as managers expect they will, why do companies continue to go through with them?

Answers

Because strategic alliances rarely work as well as managers expect they will, companies continue to go through with them because many business owners, managers, and analysts believe they are necessary for an industry to survive.

In the business world, staying afloat is essential; otherwise, the competition will drown the business.

Strategic alliances are one method of retaining your stake.

A strategic alliance is an agreement between two businesses that have decided to pool their resources in order to complete a specific, mutually beneficial project.

This agreement may assist a company in developing a more cost-effective process. and achieving its goals more quickly.

Strategic alliances rarely work as well as managers expect them to, but companies continue to pursue them because business owners, managers, and business analysts believe they are necessary for industry survival.

Hence, the answer is many business owners, managers, and analysts believe they are necessary for an industry to survive.

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the value of 4 + -3 take away negative 7 is ​

Answers

Answer:

-6

Explanation:

1-7 =-6

The invisible hand principle indicates that competitive markets can help promote the efficient use of resources true or false?.

Answers

The Invisible Hand Principle suggests that competitive markets can help facilitate the efficient use of resources even when each market player cares only about their self-interest rather than about the overall efficiency of resource usage. True

What is the principle of the invisible hand?

The invisible hand is characteristic of laissez-faire, representing the "let do/let go," approach to the market. In other words, the approach maintains that the market will find stability without government or other interventions pushing it into unnatural patterns. The invisible hand upgrades individual self-interest and competition.

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Can someone hurry and help me please!! If you answer be at least 99% sure. Thank you!
What is a likely result of an increase in trade between nations?
A. It will provide consumers with more choice at lower prices.
B. It will increase the cost of goods due to increased competition.
C. It will lower the standard of living in the weaker trade nation.
D. It will restrict the market for domestic products.

Answers

Answer:

The answer is A. It will provide consumers with more choice at lower prices.

Explanation:

Option (a), which will give customers more choices at a reduced cost, is the best choice.

What is a likely outcome of an increase in international trade?

Trade allows for the expansion of markets and access to products and services that might not otherwise be available locally. The competitiveness in the market has increased as a result of global trade. The cost of the final product for the consumer is reduced as a result of increased pricing competition.

Because it promotes market specialization, fosters innovation, and decreases the cost of commodities globally, trade is crucial for maintaining a competitive global economy. A further benefit of trade is having access to goods and services that may be more affordable and of higher quality than those that are provided domestically.

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The management of Acrosonic plans to market the ElectroStat, an electrostatic speaker system. The marketing department has determined that the demand for these speakers is represented by the following function, where p denotes the speaker's unit price (in dollars) and x denotes the quantity demanded. Find the following functions (in dollars), find the value (in dollars) and interpret your results.
p = −0.02x + 670 (0 ≤ x ≤ 20,000)
Find the revenue function R.
Find the revenue function R.
R(x) =
Find the marginal revenue function R'(x).
R'(x) =
Compute the following value.
R'(3,000) =
When the level of production is ___ units, the production of the next speaker system will bring an additional revenue of _____ dollars.

Answers

To find the revenue function (R), we need to multiply the unit price (p) by the quantity demanded (x):

R(x) = p * x

Given the demand function p = -0.02x + 670, we substitute this equation into the revenue function:

R(x) = (-0.02x + 670) * x

Simplifying this expression will give us the revenue function.

R(x) = -0.02x^2 + 670x

To find the marginal revenue function (R'(x)), we differentiate the revenue function with respect to x:

R'(x) = dR(x)/dx = -0.04x + 670

Now, to compute the value of R'(3,000), we substitute x = 3,000 into the marginal revenue function:

R'(3,000) = -0.04(3,000) + 670

Calculating this expression will give us the marginal revenue at a production level of 3,000 units.

To determine the additional revenue brought by the production of the next speaker system, we need to find the marginal revenue at that production level. Unfortunately, you haven't provided the specific level of production (units) for me to calculate the corresponding additional revenue. Please provide the level of production so that I can provide you with the specific value and interpretation.

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The function f(x) = 2,000(1 + )12t models the balance in a savings account.

The savings account had an initial balance of _ and compounds
_ at an interest rate of _

Answers

? wat class this for

Answer:

In the exponential function f(x) = P(1 + )nt :

P = principal value

r = the annual interest rate

n = number of compounding periods in a year

t = time in years

For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.

Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.

Explanation:

Explanation from PLATO

The best reason to record income at the top of a budget is
a. to easily add expenses to it.
b. to know how much money is available.
c. to avoid spending too much money.
d. to see that is is more important than expenses.

Answers

A. To easily add expenses to it

B) To know how much money is available.

You can clearly see how much money you have available to spend or save by listing revenue at the top of a budget.

Making judgments on how to divide your money and prioritize your expenses requires knowledge of this information.

You may see how much money is available to cover your bills, pay off debts, and save for the future by putting revenue at the top of your budget.

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Consider the market for smart phones. Which of the following shifts the demand curve rightward?
A) an increase in the price of smart phones B) a decrease in the price of smart phones
C) an increase in the price of land-line phone service, a substitute for smart phones D) a decrease in the number of smart phone buyers
E) an increase in the supply of smart phones

Answers

In the context of the market for smartphones, the scenario that would shift the demand curve rightward is an increase in the price of land-line phone service, a substitute for smartphones. Option C is correct.

The demand curve represents the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase. When the price of a product decreases, ceteris paribus (all other factors remaining constant), the quantity demanded of that product generally increases.

This is due to the inverse relationship between price and quantity demanded, known as the law of demand.

By decreasing the price of smart phones, it becomes more affordable for consumers, leading to an increase in the quantity demanded. This shift in demand results in a rightward movement of the demand curve.

Therefore, option C is correct.

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The value of the same total closing inventory of goods was calculated using the different methods. Values are listed below. The value of the opening inventory was exactly the same.


Actual Purchase Price $6,500 FIFO $6,600


Weighted Average $6,550 Latest Purchase Price $6,650


LIFO $6,450


Which of the closing inventories would provide the business with the highest cost of sales?




a.

LIFO


b.

FIFO


c.

Actual Purchase Price


d.

Weighted Average


e.

Latest Purchase Price



2 points



First Question Previous Question Question 15 of 40 Next Question Last Question

Answers

To determine the closing inventory method that would provide the highest cost of sales, we need to consider the cost of sales formula, which is calculated as opening inventory plus purchases minus closing inventory. As the opening inventory and purchases are the same for all methods, the method with the lowest closing inventory will result in the highest cost of sales. The correct answer is option a. LIFO

Given the provided closing inventory values for different methods, the LIFO method has the lowest closing inventory of $6,450.

Therefore, the LIFO method will result in the highest cost of sales when using the cost of sales formula.

Hence, to achieve the highest cost of sales, a business can use the LIFO method for its inventory management, which assumes that the last items purchased are the first sold.

This approach can help businesses offset the impact of inflation by reflecting the current prices of inventory sold in their cost of sales.

Therefore, the correct answer is option a. LIFO

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Which of the following is a “DON’T” regarding scannable résumés?
a.
Print on white paper with black ink
b.
Use special characters like italics and underlining
c.
Add spaces before and after slashes
d.
Use a clean and neat overall format


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

B

Explanation:

took it on edge2020 :)

When it comes to scannable resumes, it is not recommended that you b. Use special characters like italics and underlining.

How should scannable resumes be designed?

Because they are to be scannable, they are not to have complicated characters that might be unscannable such as special characters and underlining.

They should be printed on white paper using black ink only, and should have a format that is best described as being neat and clean.

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why does saturn have the coldest surface temp?

Answers

Answer:

distance from the Sun

Explanation:

because of Saturn's tilt, the southern and northern hemispheres are heated differently, causing seasonal temperature variation.

what the other person said is correct!!

According to the product life cycle model, sales are expected to peak in the __________ stage. introduction maturity commercialization growth

Answers

According to the product life cycle model, sales are expected to peak in the maturity stage.

This is the stage where the product has already been introduced and has gained acceptance in the market. During this stage, sales growth tends to slow down, but sales volume remains high due to the large number of customers who are still purchasing the product.

Companies may also introduce product extensions or variations to keep the product relevant and maintain its market share. However, eventually, the product will reach saturation, and sales will decline, marking the beginning of the decline stage. Therefore, it is important for companies to continue innovating and developing new products to replace the declining sales of their mature products, to stay ahead of competitors and maintain profitability.

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