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A company has a turnover of 11m. Its 'cost of sales' or 'cost of goods sold' (COGS) is 3m. Its overheads including fixed costs, depreciation

A company has a turnover of 11m. Its 'cost of sales' or 'cost of goods sold' (COGS) is 3m. Its overheads including fixed costs, depreciation (write-down of capital items) and any interest charges (on borrowings) are 5m. What is the company's percentage gross profit and percentage net profit before tax, and is this profit % for a company very high, very low or somewhat typical?

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Problem Directors are expected to use their best judgment in managing the corporation. What must directors do to avoid liability for honest mistakes of judgment and poor business decisions? Step-by-step solution Step 1 of 1 / It is responsibility of the directors and officers of a corporation to manage and direct the business and other affairs of the firm. Sometimes, they face trouble in deciding to acquire other business, expand and issue stock and dividends. To defend themselves from such poor decisions, the court has given them substantial deference to decide. Under this judgment rule, the officers and directors of a firm are protected from liability for losses incurred in business dealings within their administration.Question 7 9.03 pts The legal rights of common stockholders can include the right to vote for each member of the board of directors and may also include a preemptive right. The preemptive right is important to common stockholders because it protects bondholders, and thus enables the firm to issue debt with a relatively low interest rate. protects the current shareholders against a dilution of their ownership interests. will result in higher dividends per share. allows managers to buy additional shares below the current market price. is included in every corporate charter. Question 8 9.03 pts As described in the textbook: Factors affecting the level of the Weighted Average Cost of Capital ("WACC") which management can exercise some influence and control include: capital structure, the riskiness of its business project investments, and the dividend payout ratio. interest rates, income tax rates, and the current level of its company's stock price. interest rates, income tax rates, and the general level of stock prices. interest rates, dividend payout ratio, and capital structure. dividend payout ratio, capital structure, and income tax rates,QUESTION 6 The following information pertains to Benedict Company. Assume that all balance sheet amounts represent average balance figures. Total assets: $300,000 Common stock: $125,000 Retained earnings: $25,000 Sales Revenue: $100,000 Net Income: $32,000 Common stock shares outstanding:4,000 Common dividends: $5,000 What is the return on common stockholders' equity ratio for Benedict? 25.6% 13.3% O 21.3% 10.79%The United States constitution places the most significant limitations on administrative investigation in the area of: O search and seizure of the person. O aerial inspection. search and seizure of papers and records. guarantee against self-incriminatin D Question 17 2.5 pts A subpoena to testify or to produce records: O is prohibited by the constitutional guarantee against unreasonable searches and seizures. O is an illegal attempt to gain information by compulsion. O cannot be opposed on the grounds that such a request constitutes an unreasonable search and seizure. O must be approved by corporate officers to be effective.Question 45 (1 point) Top 10 NBA basketball rankings represents which scale of measurement? Oordinal Ointerval Oratio Onominal Question 46 (1 point) A college director of admissions is wondering if a new measure of college preparation would effectively identify students who will be successful in college. What should the director consider in order to answer this question? Criterion validity Content validity Alternate forms reliability O Construct validity Question 47 (1 point) FT A 5 0 m R T

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