The A corporation has an operating profit margin of 20%, operating expenses of $500,000, and
financing costs of $15,000. Therefore,
A) the corporation's net profit margin is greater than 20%.
B) the corporation's gross profit margin is greater than 20%.
C) the corporation's gross profit margin is equal to 20% because gross profit is not affected by
operating expenses or financing costs.
D) the corporation's gross profit margin is less than 20%.
B
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Define the word relationship.
What will be an ideal response?
If the internal rate of return is less than the required rate of return for a project, then the net present value of that project is positive.
Answer the following statement true (T) or false (F)
Morgan Company's budgeted income statement reflects the following amounts: SalesPurchasesExpensesJanuary$120,000 $78,000 $24,000 February 110,000 66,000 24,200 March 125,000 81,250 27,000 April 130,000 84,500 28,600 Sales are collected 50% in the month of sale, 30% in the month following sale, and 19% in the second month following sale. One percent of sales is uncollectible and expensed at the end of the year.Morgan pays for all purchases in the month following purchase and takes advantage of a 3% discount. The following balances are as of January 1: Cash$88,000 Accounts receivable* 58,000 Accounts payable 72,000 *Of this balance, $35,000 will be collected in January and the remaining amount will be collected in February.The monthly expense figures
include $5,000 of depreciation. The expenses are paid in the month incurred.Morgan's budgeted cash payments in February are: A. $75,660. B. $99,860. C. $97,200. D. $94,860. E. $102,200.
KayDen Corp., a small organization with 15 employees, conducts job evaluation using the least expensive method for the first time. In this case, KayDen is most likely to have used the
A. point method. B. ranking method. C. classification method. D. Hay plan.