What was its operating profit margin

Assignment Help Accounting Basics
Reference no: EM132999659

Question - Las year electric autos had sales of $200 million and assets at the start of the year of $350 million. If its return on start-of-year assets was 20%, what was its operating profit margin?

Reference no: EM132999659

Questions Cloud

How free speech rights clash with the rights of others : Argue for or against the regulation of the First Amendment when it comes to speech that could or might incite "imminent lawless action or conduct."
What types of available training and equipment could reduce : What types of available training and equipment could reduce the frequency and severity of force used by officers? Explain why there would be a reduction.
How the information in the report have selected would be : How the information in the report you have selected would be used to form the basis for a presentation to the District Attorney's office
Management theories and practices : Discuss the purpose of the last paragraph in this section and What is the research problem and why is this problem important
What was its operating profit margin : Las year electric autos had sales of $200 million and assets at the start of the year of $350 million. What was its operating profit margin
What can a judge do to properly balance sixth amendment gu : What can a judge do to properly balance the 6th Amendment guarantee to an accused to a public trial and an impartial jury and the 1st Amendment protections
What are thoughts on an all-volunteer jury pool : What are your thoughts on an all-volunteer jury pool as we have with our military? Only those who value jury service would apply, be paid a competitive
Should an all-hazards approach be pursued regardless of cost : Is the all-hazards approach to homeland security a reasonable use of limited resources? Should an all-hazards approach be pursued regardless of cost?
What the Franklin variable overhead spending variance : The denominator activity for the year was based on budgeted production of 200,000 units. What the Franklin's variable overhead spending variance for the year

Reviews

Write a Review

Accounting Basics Questions & Answers

  At a sales volume of 41000 units thoma corporations sales

at a sales volume of 41000 units thoma corporations sales commissions a cost that is variable with respect to sales

  How much sales revenue must the company generate

The cost of goods sold will also remain at 60 percent of sales. How much sales revenue must the company generate to achieve the CEO's net income target

  Explain the implications for the audit

Provide four (4) possible explanations for the results of the various ratios for Nova Ltd and explain their implications for the audit

  Estimated fair values of the assets

Mohave Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $315,000. The estimated fair values of the assets are land $60,000, building $220,000, and equipment $80,000. At what amounts should each of the thre..

  Discuss the evolution of the income statement found in the

discuss the evolution of the income statement found in the annual report of a firm to the forms that can be used in

  Prepare a differential analysis dated october

Prepare a differential analysis dated October 6, 2014, on whether to sell regular Columbian (Alternative 1) or process further into Decaf Columbian

  How much cash did sunland receive from the sale

The machinery was sold on May 1, 2021 at a gain of $21500. How much cash did Sunland receive from the sale of the machinery

  What is the partner capital account

What is the Partner's capital account? What is the profit and loss allocations? What document is the ratio found in

  What are the five stages of the database design process

What are the five stages of the database design process? In which stages should accountants participate? Why? Discuss in details

  The mountain springs water company has two departments

the mountain springs water company has two departments. purifying and bottling. the bottling department recieved 67000

  Determine the balance in Lakers Cash account

The following information has been extracted from the accounting records of the Lakers Corporation: Determine the balance in Lakers Cash account

  What is the effective annual interest return on security

Suppose you can invest in a money market security that matures in 150 days, What is the effective annual interest return on security

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!

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