A company had $7,020,000 in net income for the year. Its net sales were $15,400,000 for the same period. Calculate its profit margin.
A. 119.4 %.
B. 219.4 %.
C. 45.6 %.
D. 91.2 %.
E. 22.8 %.
Answer: C
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Sawaddee Enterprises began the year with total assets of $450,000 and total liabilities of $230,000 . If Sawaddee's total assets increased by $80,000 and its total liabilities increased by $57,000 during the year, what is the amount of Sawaddee's owners' equity at the end of the year?
a. $197,000 b. $543,000 c. $243,000 d. $220,000
If a company uses a process costing system to account for costs in its four production departments, how many Work in Process accounts will it use?
a. 5 b. 3 c. 1 d. 4
Which of the following dimensions of Hofstede’s cultural values is group orientation?
A. relationship orientation B. uncertainty avoidance C. power distance D. collectivism–individualism
Assume that X is a normally distributed random variable with a mean of 50 and a standard deviation of 2. Find the probability that X is between 48 and 55
What will be an ideal response?