An all-equity firm reports a net profit margin of 10% on sales of $3 million. if the tax rate is 40%, what is the pretax profit

a. $100,000

b. $300,000

c. $500,000

d. $800,000

Determine the price elasticity of demand if, in response to an increase in price of 10 percent, quantity demanded decreases by 20 percent.

Two merchant companies have entered into a contract for the sale of goods but have had no prior dealings that would establish a course of conduct between them.

Catamount Company had current and accumulated E&P of $585,000 at December 31, 20X3. On December 31, the company made a distribution of land to its sole shareholder, Caroline West.

Gonzo consumes only two things--coke and hot dogs. We can define the addition to "happiness" of consuming an additional coke as the marginal utility of coke and that for hot dogs as the marginal utility of hot dogs.

The Coase theory suggests that private markets may not be able to solve the problem of externalities a. when the number of interested parties is large and bargaining costs are high b. if government does not actively become involved in the process c.

Merchandise is sold for cash. The selling price of the merchandise is $3,200 and the sale is subject to a 8% state sales tax. The journal entry to record the sale would include a credit to a. Sales Tax Payable for $256 b. Sales for $3,456 c.

For a honda accord, some factors shift demand left and others shift it right, as shown. classify each factor by how it shifts the current demand curve to a new position.

The quantity of u. s. dollars demanded in the currency market depends in part on:

Most Information Technology careers require workers to perform their jobs in A) a home office. B) a business office. C) a secure office. D) an off-site office.

Operating Costs Accounts Payable Cash Flow Startup Costs Gross Profit Angel Investor 1. An investor who provides money to a business in exchange for debt or equity 2. Cost of starting up a business until it can pay for itself 3.