Answer:
33%
Explanation:
The gross profit percentage is also known as the gross margin which is the ratio of the gross profit to sales. it shows the amount of gross profit earned per $1 of revenue made.
The gross profit is the difference between the sales and the cost of goods sold.
Gross profit for 2016
= $62,000,000 - $41,540,000
= $20,460,000
Gross profit percentage
= $20,460,000
/$62,000,000
= 0.33
= 33%
Answer: $143,000
Explanation:
Accrual Income for the year = Cash from clients + Closing receivable balance - Opening receivable balance - Salaries - (Utilities - Opening utilities owed + closing utilities owed) - Advertising
= 420,000 + 60,000 - 52,000 - 240,000 - (35,000 - 6,000 + 4,000) - 12,000
= $143,000
The organization's management hierarchy impacts the organization's information system management by reducing the need for information processing and communication.
Management Information System plays a very important role in the organization, as it creates an impact on the organization's performance, functions, and productivity.
The information systems have its impact on organizations structure. Thus, an information systems can reduce the number of levels in an organization by providing managers with information to supervise larger numbers of workers.
The information system performs certain important functions such as- coordination, and control, help employees analyze problems, support decision making etc.
Hence, the information system is important to the organization.
To learn more about information system here:
brainly.com/question/13299592
#SPJ4
Answer:
Deferred tax liability = $52,500
Explanation:
Difference between depreciation for financial reporting purposes and tax purposes at December 31 = 250,000
Enacted tax rate = 30%
Tax rate for future years = 40%
so Deferred tax liability = $250,000 x 40% = $100,000
<span>This can of green beans represents a generic brand (Answer A). The can is simply telling you what the product is. It does not have a unique design or large logo that is trying to tell you who makes the green beans. It simply is letting you know the product being sold.</span>