The ratio of income to sales is referred to as ______________________________
Fill in the blank(s) with correct word
profit margin
You might also like to view...
Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.) 1) Acquired $1400 cash from the issue of common stock. 2) Borrowed $870 from a bank. 3) Earned $1050 of revenues. \ 4) Paid expenses of $340. 5) Paid a $140 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.) 1) Issued an additional $775 of common stock. 2) Repaid $535 of its debt to the bank. 3) Earned revenues of $1200. 4) Incurred expenses of $540. 5) Paid dividends of $190. What was the balance of Packard's Retained Earnings account before closing in Year 1?
A. $730. B. $570. C. $0. D. $710.
CappaStreet is a company that produces gourmet coffee. The company's employees, the coffee bean growers who supply raw materials to the company, the people who purchase its coffee, and the people who live in the community where the company has its production unit are CappaStreet's:
A. benefactors. B. shop stewards. C. philanthropists. D. stakeholders.
Who is responsible for gathering the bankrupt's assets and dividing them among creditors?
A. the executor B. the state court C. the creditors' committee D. the trustee
What is the difference between a rough layout and a thumbnail sketch?
What will be an ideal response?