FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11. (0,4 marks) Given total Sales of 300.000, gross margin equal to 40% of Sales, total Expenses of 84.000, interest expense of 6.000, and a

image text in transcribed

11. (0,4 marks) Given total Sales of 300.000, gross margin equal to 40% of Sales, total Expenses of 84.000, interest expense of 6.000, and a tax rate of 20% (assume no tax adjustments) what is the ratio of Result to Sales ? a. 8% b. 10% c. 16% d. 24%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dividend Stocks For Dummies

Dividend Stocks For Dummies

Authors: Lawrence Carrel

1st Edition

0470466014, 978-0470466018

More Books

Students also viewed these Finance questions

Question

★★★★★
Do rising world food prices make the CAP unnecessary?

Answered: 1 week ago

Question

★★★★★
Last month you were vacationing in Phoenix and noticed that there were several Starbucks coffee locations. You dont have any coffee locations in your city, except for a few local cafes. You also have...

Answered: 1 week ago

Question

★★★★★
=+1. Mario Company is considering discontinuing a prod uct. The costs ofthe product consist of $20,000 fixed costs and $15,000 variable costs. The variable operating expenses related to the product...

Answered: 1 week ago

Question

★★★★★
Nixon Communications is trying to estimate the first-year operating cash flow (at t = 1) for a proposed project. The financial staff has collected the following information: Projected sales $10...

Answered: 1 week ago

Question

★★★★★
11. (0,4 marks) Given total Sales of 300.000, gross margin equal to 40% of Sales, total Expenses of 84.000, interest expense of 6.000, and a tax rate of 20% (assume no tax adjustments) what is the...

Answered: 1 week ago

Question

★★★★★
Write a MIPS assembly code for the following C code . Use QtSPIM to test your implementation . A [ 4 ] = B [ 3 ] + C [ 5 ] ;

Answered: 1 week ago

Question

★★★★★
Question 4 You're working in a directory structure and want to see the contents of the subdirectory "data" within the current directory. However, you accidentally misspelled "data" as "dat" while...

Answered: 1 week ago

Question

★★★★★
[The following information applies to the questions displayed below] Diana and Ryan Workman were married on January 1 of last year. Ryan has an eight-year-old son, Jorge, from his previous marriage....

Answered: 1 week ago

Question

★★★★★
Required information [The following information applies to the questions displayed below.] Diana and Ryan Workman were married on January 1 of last year. Diana has an eight-year-old son, Jorge, from...

Answered: 1 week ago

Question

★★★★★
Problem 3 (25 points). AUM American University Of The Middle East An area can be irrigated by pumping water from a nearby river. Two competing installations are being considered. Pump A Pump B...

Answered: 1 week ago

Question

★★★★★
Crane Company had a January 1 inventory of $296000 when it adopted dollar-value LIFO. During the year, purchases were $1760000 and sales were $3010000. December 31 inventory at year-end prices was...

Answered: 1 week ago

Question

★★★★★
5. Explain the following terms and give examples: direct discrimination; indirect discrimination; victimisation; harassment.

Answered: 1 week ago

Question

★★★★★
4. Define the protected characteristics listed in the Equality Act 2010.

Answered: 1 week ago

Question

★★★★★
2. Outline the business case for a diverse workforce.

Answered: 1 week ago

Previous Question Next Question