damita company reported net income of $72,025 and net sales of $745,000 for the current year. (a) compute damita's profit margin. (b) assuming workfit (a competitor) has a profit margin of 15%, which company is generating more profit on each dollar of sales?
Answers
Workfit is generating more profit on each dollar of sales compared to Damita Company.
To calculate Damita Company's profit margin and compare it to Workfit's profit margin, we need to use the net income and net sales figures for both companies.
(a) Computing Damita Company's profit margin:
Profit Margin = (Net Income / Net Sales) * 100
Given:
Net Income of Damita Company = $72,025
Net Sales of Damita Company = $745,000
Profit Margin of Damita Company = (72,025 / 745,000) * 100 ≈ 9.67%
Damita Company's profit bis approximately 9.67%.
(b) Comparing the profit margins between Damita Company and Workfit:
Assuming Workfit has a profit margin of 15%, we can determine which company is generating more profit on each dollar of sales by comparing their profit margins. The higher profit margin indicates a better performance in generating profit relative to sales.
Workfit's Profit Margin = 15%
Comparing the profit margins:
Damita Company's profit margin: 9.67%
Workfit's profit margin: 15%
Since Workfit's profit margin of 15% is higher than Damita Company's profit margin of 9.67%, Workfit is generating more profit on each dollar of sales compared to Damita Company.
It's important to note that profit margins alone do not provide a complete picture of a company's financial performance. Other factors such as operating expenses, debt, market conditions, and industry norms should also be considered when evaluating the financial health and profitability of a company.
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Related Questions
More is a publication designed to appeal to women aged 40 and over. Demand for such magazines would be most affected by changing ________ characteristics in the marketing environment.
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More is a publication designed to appeal to women aged 40 and over. Demand for such magazines would be most affected by changing demographic characteristics in the marketing environment.
Demographics is one of the macro-environmental factors in the marketing environment that can significantly influence demand for products or services. Demographic characteristics refer to the physical, social, and economic traits of people in a given society or market segment.
Age, gender, income, education, occupation, marital status, ethnicity, religion, and geographic location are some of the demographic variables that marketers use to segment their target audience and tailor their products to their needs and preferences. More magazine is designed to target women aged 40 and over who are interested in fashion, beauty, health, relationships, and career advancement.
This demographic group is often referred to as the baby boomer generation, born between 1946 and 1964. Baby boomers have been a dominant force in the consumer market for decades, accounting for a large share of the disposable income and consumer spending. They are also the largest segment of the population in many developed countries, including the US, Canada, and Europe.
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Discuss the role of the father in attachment theory
Answers
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
why is it important to be a good communicator for a successful future?
Answers
Answer:
Explanation:
Being an excellent communicator can help you land that first job in your new career and ensure a positive future. It can separate you from other applicants, help you be a more effective employee and serve as a stepping stone to leadership responsibilities and career advancement.
why does saturn have the coldest surface temp?
Answers
Answer:
distance from the Sun
Explanation:
because of Saturn's tilt, the southern and northern hemispheres are heated differently, causing seasonal temperature variation.
i will give 100 points please help
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if you we're running a company, describe at least two things you would do to improve its productivity
Answers
Answer:
I would provide training in order to boost the product quality and make the workers more advanced and productive. I would also give more paid time off so that the workers have a chance to recharge and come back to work refreshed.
Explanation:
3. Suppose consumption is $2,000 billion, investment is $700 billion, government purchases are $1,200 billion, export spending is $100 billion, and import spending is $150 billion. What does GDP equal?
Answers
based on the given information, GDP equals $3,000 billion.
The calculation of GDP is based on the output based on the production and sales in the country. While calculating GDP the export are added as they show the incoming money in the market whereas imports are subtracted as they show the outgoing money from the market.
To calculate the GDP,
GDP = C + I + G + (X - M)
where:
C = consumption
I = investment
G = government spending
(X - M) = exports minus imports
Put the values in the formula as
GDP = $2,000 billion + $700 billion + $1,200 billion + $100 billion + ($150 billion - $100 billion)
GDP = $3,000 billion
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11. Vicki believes that community service is a valuable way to spend her time and energy. What is this an example of?
O A. Liability
O B. Net worth
O c. Priority
O D. Value
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Why proprietor is crucial in the private organization?
Answers
Answer:
A possible main reason for all of these business is to be able to earn profit and increase their market's shares. However, the unlimited liability is more important, the owner's business assets and his or her personal assets will basically be owned by the creditors when the business faces financial losses.
suppose a new project was going to be financed partially with retained earnings. what flotation costs should you use for retained earnings? multiple choice use the same flotation cost that would be used to issue new common stock use an average of the flotation costs for debt, preferred and common stock use the industry average flotation cost for common stock zero
Answers
The flotation cost for retained earnings is zero.
Retained earnings are profits that a company has earned and kept in its coffers instead of paying out as dividends to shareholders. Since retained earnings are not a new issuance of stock or debt, there are no associated flotation costs.
Flotation costs only apply when a company issues new stock or debt. Therefore, a company can use its retained earnings without incurring any flotation costs.
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should i study fashion or business to be a fashion entrepunuer
Answers
Answer:
there must be specific courses for it which has both fashion and business
Answer:
It depends on if you enjoy it or not, but I would go with being a fashion entrepreneur :3
Explanation:
:3
which statement best explains the relationship between points A and B?
Answers
Research some examples of organizations that experienced bad publicity and how they dealt with it. Write a paper detailing your findings.
Answers
Answer:
did you finish it cuase i got the same one
Explanation:
Admit the error, apologize, and present a solution if you or your company is receiving negative press as a result of anything you did incorrectly. Negative publicity won't disappear if you ignore it.
What do you mean by Negative publicity?When damaging material is revealed, negative PR or publicity can take many different forms in company and can impact everything from sales to your reputation.
Various forms of unfavorable PR for your company could include: negative coverage of your business in the media, online, in publications, or on television.
In particular, we contend that by raising product awareness, unfavorable publicity might boost sales and purchase likelihood.
Negative publicity should therefore affect products differently depending on whether they are recognized or unknown. This viewpoint is supported by three investigations.
Your brand's reputation can be severely damaged in a matter of minutes by false information, negative reviews, and nasty social media remarks. Even worse, rumors spread swiftly and negatively impact the reputation of your company.
Negative publicity can have a significant impact on how potential customers see your brand. When customers publicly disparage a company, product, or service, this is known as bad publicity.
Bad publicity includes posting or publishing negative evaluations on websites, review pages, and social media accounts.
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Under a contractionary taxation policy, the government can reduce the deficit by
A) increasing taxes.
B) reducing taxes.
C) increasing spending.
D) increasing inflation.
The Answer is A) increasing taxes.
Answers
Answer:
c
Explanation:
not sure but I tried may best tho
Answer:
A) increasing taxes.
Explanation:
Erica Martinez deposits three checks for $825.25, $253.45, and $180.26. Her cash consists of 20 one-dollar
bills, 8 five-dollar bills, 7 ten-dollar bills, and 16 quarters. She would like to receive $175 in cash.
Answers
Answer 3209
Explanation:
what are the main reasons for the recent international marketing success of the hunter boot?
Answers
One of the most important and crucial chances that Hunter might seize is the chance to enter new markets, such those for clothes and walking accessories. Henry Holland (Debenhams 2013) and Le Chameau (Le-Chameau 2013), two of Hunter's rivals, are already doing this.
The opportunity to penetrate new markets, such as those for clothing and walking accessories, is one of the most significant and critical opportunities that Hunter may take advantage of. Two of Hunter's competitors, Henry Holland (Debenhams 2013) and Le Chameau (Le-Chameau 2013), already do this. The fact that their boots are worn by both practical users and fashion-forward individuals makes it feasible for them to choose to expand into either the luxury fashion apparel markets or the market for practical walking gear. The Hunter identity and character are fundamentally shaped by our unique affinity to rain. For those who see opportunity in the clouds and have an instinctive sense of the extraordinary in the everyday since 1856, Hunter has offered tools.
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12. suppose the stock market and the bond market are substitutes for one another. consider what happens to bond prices if the stock market increases sharply and investors move money from bonds into stocks. a. bond prices will . now consider what happens to the interest rates on bonds if this occurs. b. interest rates on bonds will .
Answers
When the stock market increases and investors switch from bonds to stocks, bond prices decrease due to reduced demand, while interest rates on bonds increase to attract investors back to the bond market.
a. Bond prices will decrease.
When investors move money from bonds to stocks due to a sharp increase in the stock market, the demand for bonds decreases. With a lower demand for bonds, their prices will drop.
This is because the market adjusts to reflect the decreased interest in holding bonds, causing their prices to fall.
b. Interest rates on bonds will increase.
As investors shift their funds from bonds to stocks, the reduced demand for bonds puts pressure on bond issuers to offer higher interest rates to attract investors. To entice investors back into the bond market, issuers need to offer more attractive interest rates.
Consequently, the interest rates on bonds will increase as a result of the increased supply of bonds and the need to incentivize investors to buy them. Higher interest rates compensate investors for the perceived risk of investing in bonds when compared to the potentially higher returns of stocks.
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In order for a company to market the same product or service to different markets, what step is critical for the company to take?.
Answers
There are a lot of firms today. For them to do the above, the company should try and generate a lot of positioning strategies to target the different kinds of audiences.
How is a positioning strategy statement used?The positioning strategy/statement is one that is often used to inform a company's of its marketing mix. A lot of Marketers often uses a positioning strategy so as to direct the marketing mix for a specific product, service, or brand.
When a marketer is said to target her product message at a particular target market, she does a lot of things with the general value proposition.
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Recently when Mosaic Ltd was falling short of funds to meet the floatation costs of its upcoming issue of preference shares, the company raised deposits from Rosaic Ltd. Which had surplus funds. In the context of the above case: Identify and explain the source of finance being discussed above
Answers
Answer:
The floatation cost may be defined as the cost that is incurred or earned by any organization or a firm whenever they issue new stocks in the market. Here in the context, Mosaic Ltd is having shortage of money to incur the cost of the upcoming preference shares that they will issue. So they had raised deposits from another firm, Rosaic Ltd which had a surplus amount of fund. The money raised by Mosaic is a kind of security bond or transfer of money to another party for the safe keeping. The other firm i.e Mosaic Ltd. will return the money to Rosaic Ltd. later.
The Walt Disney Company is an international entertainment and media conglomerate with business units in media networks, parks and resorts, studio entertainment, consumer products, and interactive media. Disney is renowned for creating a positive customer experience due, in large part, to the passion and motivation of their staff, also known as "cast members" in their theme parks and resorts. Disney attributes its employees’ high level of engagement to a unifying mission—"We create happiness." This simple yet ambitious vision rests on a philosophy that happy employees will lead to happy customers.
Disney has a robust employee reward and recognition program, which can be traced back to the company’s founder, Walt Disney. During the early years of the Walt Disney Company, a team of seven people was tasked with increasing revenues at Disneyland to fund its movie ventures. The team came up with innovative ideas such as a "Magic Kingdom Club" and "Grad Nites" which attracted customers outside standard hours and enticed them to spend more while at the park. Walt Disney was so pleased with the team’s performance that he surprised each member with 100 shares of Disney stock, $50,000 in cash, and a Ferrari, all personally delivered by Mickey Mouse.
Today, Disney’s recognition and rewards programs aim to create a supportive environment for all staff members. New employees are asked how they would most like to be rewarded, and this is taken into account for each employee. Rewards range from additional time off to movie tickets, and recognition initiatives include the stenciling of employee names on storefront windows in Disney theme parks.
Disney also prides itself in taking employee feedback into consideration in business operations. For example, when the Hong Kong Disneyland resort first opened, cast members were required to pick up their costumes from attendants before starting their shifts. Thousands of employees started their shifts at the same time, which led to chaos and delays. In response to employee feedback about this, Disney installed self-serve checkout kiosks to facilitate the process. These kiosks have since been adopted at all Disney theme parks and cruise ships, leading to improved efficiency and happier employees.
By listening to its employees, hiring friendly people, rewarding creativity, and recognizing mission-aligned behavior, Disney cultivates an engaged, motivated workforce. This, in turn, leads to a high level of customer satisfaction and happiness creation.
Do you think there is a relationship between employee motivation and customer experience? Why or why not?
Can you think of strategic reasons for Disney to ensure a consistently positive customer experience through employee engagement?
If you were a manager at Disney, what else might you do to "create happiness" for your employees?
Answers
Yes, there is a relationship between employee motivation and customer experience. Employee motivation leads to better productivity, which translates to improved quality of service and products offered to the customer.
Engaged and motivated employees are enthusiastic about their work and are willing to go above and beyond to make the customer experience a positive one. On the other hand, disengaged employees may not feel invested in their work, which can translate to a lack of enthusiasm and effort in their interactions with customers.Strategic reasons for Disney to ensure a consistently positive customer experience through employee engagement include:Building a positive reputation:
A consistently positive customer experience through employee engagement helps to build a positive reputation for the company, which can attract more customers and help to retain existing ones.
Attracting and retaining top talent: When a company has a reputation for providing a positive work environment and valuing its employees, it becomes a more attractive place to work, which can help to attract and retain top talent. Increasing revenue: A consistently positive customer experience can lead to increased revenue through repeat business and positive word-of-mouth referrals. If I were a manager at Disney, I would take the following steps to "create happiness" for my employees:Provide opportunities for career growth and development: Offering training and development opportunities to employees can help them to grow and develop their skills, which can lead to increased job satisfaction and engagement. Provide a positive work environment: Creating a positive work environment that is safe, comfortable, and supportive can help to foster employee engagement and motivation. Offer competitive compensation and benefits: Productivity competitive compensation and benefits packages can help to attract and retain top talent and show employees that their contributions are valued.Provide regular feedback and recognition: Offering regular feedback and recognition for a job well done can help to boost employee morale and motivation.
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you are a new member of the house of representatives, wishing to speak out in favor of a bill on student loans. what would need to happen next for you to be able to do so?
Answers
The next thing that must occur for you to be able to do so is that you be acknowledged by the Speaker of the Senate and given a certain time by the bill's sponsor.
What exactly is a representative?Each representative, also known as a congressman or congresswoman, is chosen to serve the people of a certain congressional district for a period of two years. Representatives are also responsible for proposing amendments, introducing bills, and participating in committee work.
The House of Representatives' authority is what?The House has a number of exclusive rights, including the ability to introduce revenue measures, remove federal officials from office, and choose the President in the event of a tie in the number of electoral votes.
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According to Keynesian theory, what is the most important determinant of households' spending on goods and services
A) Autonomous consumption
B) Government spending
C) The price level
D) The interest rate
E) Disposable income
Answers
CPA Hotels Inc. runs a national chain of hotels, serving CPAS traveling for accounting conferences around the country. Recently, the company has embarked on a new marketing campaign by giving free rooms to influencers, who then post about their stays at their hotels on social media. The marketing campaign has generated new revenue streams and record profits for the company. As a result, CPA Hotels Inc. has decided to pay a dividend to its shareholders for the first time in the company's history. The company declared a cash dividend of $1.00 per share on its 2 million outstanding shares. The dividend was declared on August 1, payable on September 9 to all stockholders of record on August 15. Prepare all journal entries necessary on those three dates.
Answers
The journal entry for this transaction is: [Debit] Dividend Payable: $2,000,000 [Credit] Cash: $2,000,000.
The journal entries necessary for CPA Hotels Inc. are as follows: 1. On August 1 (Date of declaration of dividends): On this date, the company needs to create a liability in its books as it declared the dividend but has not paid it yet. The journal entry for this transaction is: [Debit] Retained Earnings: $2,000,000 [Credit] Dividend Payable: $2,000,0002. On August 15 (Date of record): On this date, the company has to identify the shareholders who will be receiving the dividend. This process will help the company to know the number of shares eligible for the dividend. The journal entry for this transaction is: [No Entry Required] 3. On September 9 (Date of payment):On this date, the company needs to pay the dividend to its shareholders. The journal entry for this transaction is: [Debit] Dividend Payable: $2,000,000 [Credit] Cash: $2,000,000.
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You own a construction business and need to hire workers to build a house and add one worker at a time to the added contribution of each worker. At what point will you stop hiring workers ? Relate this process to the three stages of production function as you explain your answer .
Answers
In the long run, all inputs are variable, so the marginal product of labor will continue to decline as more workers are added. Eventually, the marginal cost of hiring additional workers will exceed the marginal benefit, and it will no longer be profitable to hire more workers.
In the context of a construction business, you would likely stop hiring workers when the marginal product of labor begins to decline, or when the marginal cost of hiring additional workers exceeds the marginal benefit. This decision would be based on your analysis of the costs and benefits of hiring more workers, and your assessment of the efficiency and productivity of your construction process
How do I record on windows computer
Answers
Explanation:
Navigate to the screen you wish to record and press Win+G to open Game Bar. Several Game Bar widgets appear on the screen with controls for capturing screenshots, recording video and audio, and broadcasting your screen activity. Click the Start Recording button to capture your screen activity.
Answer:
you'd need to download software for recording. as far as i know windows doesnt have built in recording capabilities. are you looking at screen recording or just sound?
Explanation:
in the national income accounts, government purchases are goods and services purchased by: the state and local governments. the federal, state, and local governments. the federal and state governments. the federal government.
Answers
In the national income accounts, government purchases are goods and services purchased by the federal, state, and local governments.
National income accounts are a set of macroeconomic measures that provide information about a country's overall economic activity, including its production, income, expenditure, and savings.
In this framework, "government purchases" refer to the goods and services bought by the federal, state, and local governments, which are collectively referred to as the public sector.
This category of spending is an important component of the national income accounts because it represents the government's contribution to overall demand in the economy.
When the government buys goods and services, it injects money into the economy, which in turn stimulates demand and drives economic growth. Additionally, government purchases may also contribute to the provision of public goods and services, such as national defense, education, and infrastructure.
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Perform online research and find a house you would like to own. Calculate the cost of utilities, services, maintenance, and insurance to buy the home.
Answers
(Answers may vary.)
I found an apartment in Chicago that I would like to rent. The monthly rent is $900, but there are other fees for me to consider as a renter. Utilities (electric, water, cable, internet access, etc.) cost $300 a month. Building services, including parking and access to the gym, cost $50 a month. Maintenance fees for the building are $25 a month. Renter’s insurance is $12. The cost of living independently in this Chicago apartment is $1,287 a month.
Explanation: edmentum sample answer
Adams is selling his property to Katter for $94,000, and Katter is assuming an existing mortgage at 4-1/2% interest per annum with the unpaid balance of $9,200. Mortgage payments are due the first of each month and include interest up to but NOT including the day of payment. The last payment was made March 1, and settlement is to be March 26. Compute the interest proration that will be credited to the buyer using a 365-day year, and holding the buyer responsible for the day of closing.
Answers
Answer:
$69.53
Explanation:
loan's balance = $94,000
interest expense per year = $94,000 x 4.5% = $4,230
interest expense per day = $4,230 / 365 = $11.5890411
the seller is responsible for 25 days of interest = 25 x $11.5890411 = $289.73
the buyer is responsible for 6 days of interest = 6 x $11.5890411 = $69.53
The preferred method for situations involving strategic decision making, projects with a high degree of uncertainty, and projects with an unstable scope is the
Answers
The preferred method for situations involving strategic decision making, projects with a high degree of uncertainty, and projects with an unstable scope is the agile methodology. This methodology is based on flexibility, continuous improvement, and close collaboration between the project team and stakeholders.
Agile methodology emphasizes delivering value to customers through working software or product increments, rather than focusing on detailed plans and documentation. The project team works in short iterations or sprints, adapting to changing requirements and feedback from stakeholders. This approach allows for rapid response to changing market conditions or customer needs, making it ideal for strategic decision making. Agile methodology also allows for experimentation and learning, making it suitable for projects with a high degree of uncertainty.
The iterative approach allows the project team to test assumptions and validate ideas through feedback from customers, reducing the risk of failure. Finally, agile methodology accommodates projects with an unstable scope by allowing for changes in requirements throughout the project lifecycle. The project team can adapt to changing needs and priorities without disrupting the project's overall goals.
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blake company established a petty cash fund in the amount of $400. at the end of the accounting period, the petty cash box contained receipts for expenditures amounting to $180 and $215 in cash. if the company records both the disbursements and replenishments to the fund, what effect will replenishing the fund have on total assets and expenses?
Answers
Your Pocket Cash account must increase, and your Cash account must drop, as seen by the entry. Debit you Small Bills card and create your Cash account to demonstrate this.
What takes place when a business creates a small money fund?The corporation has full control over the money in the fund by designating one person as the fund's manager. to start a small cash fund. The petty cash custodians typically deposits the cash in a small, lockable box once the check is cashed. The cash is now prepared for distribution as required.
How is the petty cash fund determined?It's time to reconciling or balance a petty fund after a certain period, which is often the same day or time single month or week First, take note of the fund's present balance. After that, deduct this sum from the opening balance.
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