User Account

All Pages

Competitors earn an average profit marginb

Assignment Help Financial Accounting
Reference no: EM13890783

1.Deklin Company reported net income of $48,025 and net sales of $425,000 for the current year. Calculate the company's profit margin and interpret the result. Assume that its competitors earn an average profit margin of 15%.

Reference no: EM13890783

Questions Cloud

Calculate concentrations in a serial dilution : Learning Outcomes - Upon completion of this worksheet, students will be able to do the following:calculate concentrations in a serial dilution plot absorbance vs. concentration data in Excel
What insights you have gained about evaluation planning : an explanation of how you would plan for evaluation of the individual in the vignette you selected based on the information provided. Be very specific. Then explain what you think would be the most important aspects of that planning. Finally, expl..
What sort of a life is worth living? : What sort of a life is worth living?
How can charles minimize present value of the tax liability : In October 2016, after Charles had paid $60,000 on the principal of the note, he received an offer to sell the land for $500,000 cash. How can Charles minimize the present value of the tax liability for Maud and him?
Competitors earn an average profit marginb : 1.Deklin Company reported net income of $48,025 and net sales of $425,000 for the current year.
Description of a contemporary family issue : The purpose of this paper is to demonstrate familiarity with a theory or framework studied in the Families and Society course and the ability to apply that perspective to a description of a contemporary family issue you have either read about in t..
Identify the accounting principle that would be violated : If the controller accepted to record a QAR 70,000 warranty expense in 2015, would this be counted as a violation to the generally accepted accounting principles? Identify and discuss the accounting principle that would be violated, if any.
Determination of the concentration of phosphoric acid : Tammy applies the skills learned from the titration of vinegar exercise to the determination of the concentration of phosphoric acid necessary for her biology project. A total volume of 8.22 mL of 0.125 M potassium hydroxide solution was required to ..
Explain consequences of inadequate forensic psychological : Please provide a description of the two real-life examples you selected. Then explain the consequences of inadequate and/or incorrect forensic psychological evaluations in criminal matters. Finally, use the examples you selected to illustrate and ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Illustrate what is the amount of gain reported in a company

Assume that only T1 and T2 are completed during the current period. Illustrate what is the amount of gain reported in A Company's consolidated financial statements?

  Prepare all the entries that would be made relative to sales

Prepare all the entries that would be made relative to sales of soap powder and to the premium plan in both 2010 and 2011. Assume a FIFO inventory flow.

  What is the gain or loss on redemption of the bond

A 250,000 bond on which there is an amortization discount of $20,000 is redeemed for $235,000. What is the gain or loss on redemption of the bond?

  Companys weighted average contribution margin

What is X Company's weighted average contribution margin?

  Question regarding the present financial data

Important point: in the appendices you present financial data and your ratio analysis calculations.  Within the narrative sections, you are to analyze the data and describe what the data is indicating.

  Sell coupon books as a fund-raising activity

The Soccer Club decided to sell coupon books as a fund-raising activity. The books allow users to enjoy restaurants, entertainment, and services such as oil changes, at substantial discounts. The club bought 100 books for $16 each, and members will s..

  What are debentures

Prepare the necessary journal entries to record the foregoing transactions - What are Debentures

  Compute the cost of goods sold for the year

Derive cost of goods sold in data in the statement of cash flows The section showing cash flow from operations, using the indirect method, for Ann Taylor Stores reported an increase in inventories of $5.7 million during the year.

  Elucidate what is the optimal total cost

Formulate an LP model for this problem and use Risk Solver to find the optimal solution. Elucidate what is the optimal total cost?

  Compute the variable manufacturing overhead spending

Compute the variable manufacturing overhead spending and efficiency variances and compute the fixed manufacturing overhead budget and volume variances.

  Transfer of depreciable propertynora transfers to needle

transfer of depreciable propertynora transfers to needle corp depreciable machinery initially costing 18000 and now

  Amount of property and equipment on the balance sheet

Does the company have capital leases? If so, what are the amounts and terms of the leases? What are the four criteria for a lease to be considered a capital lease? What are the additional criteria for the lessor?

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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