Maurice Tutor

(5)

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 14 Aug 2017 My Price 5.00

Dr.Zhivago Diagnostics Corp

Profitability ratios Dr.Zhivago Diagnostics Corp. income statements for 2010 is as follows: Sales $2,000,000 Cost of goods sold 1,400,000 Gross profit 600,000 Selling and administrative expense 300,000 Operating profit 300,000 Interest expense 50,000 Income before taxes 250,000 Taxes (30%) 75,000 Income after taxes $ 175,000 a. Compute the profit margin for 2010. b. Assume in 2011, sales increase by 10 percent and cost of goods sold increases by 20 percent. The firm is able to keep all other expenses the same. Once again, assume a tax rate of 30 percent on income before taxes. What are income after taxes and the profit margin for 2011?

Answers

Maurice Tutor
(5)
Status NEW Posted 14 Aug 2017 12:08 AM My Price 5.00

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