User Account

All Pages

Calculate the net profit margin

Assignment Help Accounting Basics
Reference no: EM132719097

Question: You are the accountant for ABC Biz, a small enterprise that sells widgets. The accounting records for the business after their first year of operations (30 June 2020) are as follows:

Sales 71077

Cost of goods sold 34679

Interest expense 18582

Electricity expense 17776

Rent expense 18212

Wages expense 20113

Accrued expense 27856

Cash 24581

Accounts receivable 32326

Inventory 36037

Accounts payable 16981

Bank loan due 30 June 2022 22341

Calculate the net profit margin. Record your answer to 2 decimal places

Reference no: EM132719097

Questions Cloud

Prepare the journal entries necessary to account : Provide the journal entries necessary to account for all the above transactions and events up to 1 July 2023, in accordance with AASB 116 if the revaluation.
Identify a market segment the competitor has targeted : Identify a market segment the competitor has targeted and explain how the competitor has differentiated itself from its competitors to position
What is the amount of the distribution to Jen : Alpha distributes the property in a nonliquidating distribution (along with the debt) to Jen, its sole shareholder. What is the amount of distribution to Jen
Deter Information Theft : Federal and State laws act as a deterrent to information theft but also make it necessary for businesses to protect sensitive data.
Calculate the net profit margin : You are the accountant for ABC Biz, a small enterprise that sells widgets. The accounting records for the business after their first year of operations.
Calculate the depreciation expense for the year : On September 1,2005 Benjiren Corporation bought a new machinery for P1,485,000. Calculate the Depreciation expense for the year
Developing an ERM plan : Decide which key policies and procedures one should consider as the starting point when developing an ERM plan for an organization.
Why the fair value approach best values the long-term assets : Assume you are in support of the fair value basis as recommended by IFRS. Discuss why you think the fair value approach best values the long-term assets.
What was the average effect of the process change : Analyze the data using the regression model y= b0 + b1 x, where y = time to approve and mail a claim (weekly average), x = 0 for the old process

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd