When a company has net income, what happens to its assets and/or to its liabilities?

Profit Margin

Calculate profit margin for 20×7 using the following data: A company has net income of $7,000 and net sales of $82,000 in 20×7.

Develop a brief answer to each of the following questions.

1. When a company has net income, what happens to its assets and/or to its liabilities?

2. Why must a company that gives a guaranty or warranty with its product or service show an expense in the year of sale rather than in a later year when a repair or replacement is made?

3. Is accrual accounting more closely related to a company’s goal of profitability or liquidity?

4. Will the carrying value of a long-term asset normally equal its market value?

find the cost of your paper

determine values for K7 and K8.

Polyolefins such as polyethylene undergo slow degradation when placed in air. Degradation occurs by reactions with atmospheric oxygen that lead to the formation of carbonyl groups (groups containing oxygen), gradual….

State the differences in operation and application for junction transistors and MOSFETs.

1. State the differences in operation and application for junction transistors and MOSFETs. 2. We note in Section 12.5 (Figure 12.20) that in FeO (wüstite), the iron ions can exist in both….

Determine values of DT for aluminum, steel, aluminum oxide, soda–lime glass, polystyrene, and nylon 6,6 using the data in Table 19.1.

Nonsteady-state heat flow may be described by the following partial differential equation:     where DT is the thermal diffusivity; this expression is the thermal equivalent of Fick’s second law of diffusion….