Question 7 1. During the month of April, a company earns revenues of $12,500 from selling products. The cost of goods sold for those products is $6,500. What is the company's gross profit margin in percentage terms for April ? A. 52% B. 51% C. 49% D. 48% 1 points

Question 8 1. Q: A company acquires a new machine on January 1, 2015 and capitalizes acquisition costs of $15,000. The machine has an expected useful life of 6 years. Using straight-line depreciation, what is the MONTHLY depreciation expense for this machine? 108 250 150 208 1 points

Question 9 1. Q: A company acquires a new machine on January 1, 2015 and capitalizes acquisition costs of $15,000. The machine has an expected useful life of 6 years. Using straight-line depreciation, what is the machine's book value on January 1, 2017? 12,000 3000 10,000 5000