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Required information [ The following information applies to the questions displayed below. ] MyBnB started a home rental company on January 1 . As of

Required information
[The following information applies to the questions displayed below.]
MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The
company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income
has been reported in prior years.
Based on the December transactions listed below, compute the net profit margin as of December 31.(Round your answer to 1
decimal place.)
a. Provided rental services at a price of $570 and collected the full amount in cash.
b. Paid $133 cash to a cleaning company for December work.
c. Paid $114 cash to MyBnB's part-time employee for December wages.
d. Paid $190 cash on account for amounts owed from a prior equipment purchase.
e. Obtained repair services in December at a cost of $76, to be paid in January.
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