Athif trading company is a popular distributor inSalala, having operations in the entire Oman. Overthese years, the company has gained a very goodpublic opinion and quiet a big number of loyalcustomers. During the last year, the company hasfaced some financial struggles due to thepandemic – crisis. The company has decided toplan well for the current year based on the pastperformance so that the company will be able toregain its status.The management of the company has given withyou the Income statement for the last year andasked you to calculate the gross profit and netprofit marginOpening StockPurchasesCarriage and FreightWagesGross Profit b/d76,250 By Sales3,15 2502,0005,0002,50,000То5,50.000Closing stock98,5006,48,5002,50,0006,48,500Administration expenses"Selling and Dist. expenses*Non-operating expensesFinancial ExpensesNet Profit c/d101,000 By Gross Profit b/d12,0002,000 "Interest on Securities7,000134,000 "Profit on sale of shares2,56,000"Non-operating incomes:1,5003,750Dividend on shares7502,56,000Choose the Gross profit margin and net profit margin of the business from theChoose the Gross profit margin and net profitmargin of the business from the following options?O a.Gross profit margin is 45.45% and the Netprofit margin is 24.36%O b. Gross profit margin is 40% and Net profitmargin is 30.66%O c. Gross profit margin is 30.66% and Netprofit margin is 40%O d. Gross profit margin is 24.36% and Netprofit margin is 45.45%

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Athif trading company is a popular distributor in Salala, having operations in the entire Oman. Over these years, the company has gained a very good public opinion and quiet a big number of loyal customers. During the last year, the company has faced some financial struggles due to the pandemic – crisis. The company has decided to plan well for the current year based on the past performance so that the company will be able to regain its status. The management of the company has given with you the Income statement for the last year and asked you to calculate the gross profit and net profit margin Opening Stock Purchases Carriage and Freght Wages Gross Profit b/d 76,250 By Sales 3,15 250 2,000 5,000 2,50000 6.48 500 101.000 By Gross Profit b/d 12,000 Non-operating incomes: 2,000 7,000 "Dividend on shares 134 D00 2,56,000 5,50,000 98.500 Closing stock 6,48,500 Administration expenses "Selling and Dist experses "Non-operating experses Financial Expenses Net Proft c/d 2.50,000 *Interest on Securities 1500 3,750 750 * Profit on sale of shares 2,56,000 pose the Gross profit margin and net profit margin of the business from the Choose the Gross profit margin and net profit margin of the business from the following ontions?

Athif trading company is a popular distributor in Salala, having operations in the entire Oman. Over these years, the company has gained a very good public opinion and quiet a big number of loyal customers. During the last year, the company has faced some financial struggles due to the pandemic – crisis. The company has decided to plan well for the current year based on the past performance so that the company will be able to regain its status. The management of the company has given with you the Income statement for the last year and asked you to calculate the gross profit and net profit margin Opening Stock Purchases Carriage and Freght Wages Gross Profit b/d 76,250 By Sales 3,15 250 2,000 5,000 2,50000 6.48 500 101.000 By Gross Profit b/d 12,000 Non-operating incomes: 2,000 7,000 "Dividend on shares 134 D00 2,56,000 5,50,000 98.500 Closing stock 6,48,500 Administration expenses "Selling and Dist experses "Non-operating experses Financial Expenses Net Proft c/d 2.50,000 Interest on Securities 1500 3,750 750 Profit on sale of shares 2,56,000 pose the Gross profit margin and net profit margin of the business from the Choose the Gross profit margin and net profit margin of the business from the following ontions?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter13: The Balanced Scorecard: Strategic-based Control

Section: Chapter Questions

Problem 13E: Bannister Company, an electronics firm, buys circuit boards and manually inserts various electronic...

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One of the major advantages of small businesses is that the investment for running the business is not a major issue this statement is a.Fully false b.Partly false c.Fully true d. Partly true In one of the reputed firm total number of employees were more than 150 and the annual sales in 2019 was around 5 million OMR. In 2020 the company had a huge crisis because of the Corona pandemic which leads them to decrease their number of workers to 55, as a cosuquance their annual sales drop to 723,000 OMR. Based on last year data and according to the Ministry of commerce and industry the business will be categorized under a.None of the given options b.Micro business enterprise c.Small business enterprise d.Medium business enterprise Which of the following Statement(s) is/are Correct? Statement 1: Entrepreneurship is a systematic process of applying creativity and innovation to needs and opportunities in the marketplace Statement2: Entrepreneurship involves using old ideas to create a product…
Bannister Company, an electronics firm, buys circuit boards and manually inserts various electronic devices into the printed circuit board. Bannister sells its products to original equipment manufacturers. Profits for the last two years have been less than expected. Mandy Confer, owner of Bannister, was convinced that her firm needed to adopt a revenue growth and cost reduction strategy to increase overall profits. After a careful review of her firms condition, Mandy realized that the main obstacle for increasing revenues and reducing costs was the high defect rate of her products (a 6 percent reject rate). She was certain that revenues would grow if the defect rate was reduced dramatically. Costs would also decline as there would be fewer rejects and less rework. By decreasing the defect rate, customer satisfaction would increase, causing, in turn, an increase in market share. Mandy also felt that the following actions were needed to help ensure the success of the revenue growth and cost reduction strategy: a. Improve the soldering capabilities by sending employees to an outside course. b. Redesign the insertion process to eliminate some of the common mistakes. c. Improve the procurement process by selecting suppliers that provide higher-quality circuit boards. Required: 1. State the revenue growth and cost reduction strategy using a series of cause-and-effect relationships expressed as if-then statements. 2. Illustrate the strategy using a strategy map. 3. Explain how the revenue growth strategy can be tested. In your explanation, discuss the role of lead and lag measures, targets, and double-loop feedback.
Haleem trading company is a popular distributor in Salala, having operations in the entire Oman. Over these years, the company has gained a very good public opinion and quiet a big number of loyal customers. During the last year, the company has faced a serious liquidity crisis in the last year. The management of the company wants to check the liquidity ratios of the last year in order to plan for the current year. You are asked to help the management in computing the liquidity ratios. The Balance Sheet of Haleem trading company for the year ending 31-12-2020 Choose the Current ratio and Quick ratio from the following? a. Current ratio is 2.43 and Quick ratio is 1.35 b. Current ratio is 1.35 and Quick ratio is 2.40 c. Current ratio is 1.35 and Quick ratio is 2 d. Current ratio is 2 and Quick ratio is 1.35
Brecha Hogan is president of Hogan Company, a manufacturer of toys for children. For the past 10 years, the company has sold its product to both wholesale and retail dealers of toys in the northeast United States. Over the years, the company has come to know its customers well. While all sales are made on credit, few credit losses have occurred. The company’s experience has shown that an annual provision for uncollectible accounts of 0.3 of 1 percent of sales is adequate in the old territory.Early in 20X1, Hogan Company decided to expand and develop a new sales base in the southeastern United States. Hogan was pleased when credit sales of $870,000 were achieved in the new territory during the year. To achieve this level of sales and get a foothold in the new territory, though, credit was allowed to some customers with lower credit ratings than had been granted in the past. Given its liberal credit policies in the new territory Hogan estimates that the provision in the new territory…
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Brecha Hogan is president of Hogan Company, a manufacturer of toys for children. For the past 10 years, the company has sold its product to both wholesale and retail dealers of toys in the northeast United States. Over the years, the company has come to know its customers well. While all sales are made on credit, few credit losses have occurred. The company’s experience has shown that an annual provision for uncollectible accounts of 0.3 of 1 percent of sales is adequate in the old territory.Early in 20X1, Hogan Company decided to expand and develop a new sales base in the southeastern United States. Hogan was pleased when credit sales of $870,000 were achieved in the new territory during the year. To achieve this level of sales and get a foothold in the new territory, though, credit was allowed to some customers with lower credit ratings than had been granted in the past. Given its liberal credit policies in the new territory Hogan estimates that the provision in the new territory…
Brecha Hogan is president of Hogan Company, a manufacturer of toys for children. For the past 10 years, the company has sold its product to both wholesale and retail dealers of toys in the northeast United States. Over the years, the company has come to know its customers well. While all sales are made on credit, few credit losses have occurred. The company’s experience has shown that an annual provision for uncollectible accounts of 0.3 of 1 percent of sales is adequate in the old territory.Early in 20X1, Hogan Company decided to expand and develop a new sales base in the southeastern United States. Hogan was pleased when credit sales of $870,000 were achieved in the new territory during the year. To achieve this level of sales and get a foothold in the new territory, though, credit was allowed to some customers with lower credit ratings than had been granted in the past. Given its liberal credit policies in the new territory Hogan estimates that the provision in the new territory…
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The directors of Ribs Co, a listed company, are reviewing the company’s current strategic position. The firm makes high quality garden tools which it sells in its domestic market but not abroad. Over the last few years, the share price has risen significantly as a firm has expanded organically within its domestic market. Unfortunately, in the last 12 months, the influx of cheaper, foreign tools has adversely impacted the firm’s profitability. Consequently, the share price has dropped sharply in recent weeks and the shareholders expressed their displeasure at the recent AGM. The directors are evaluating two alternative investment projects which they hope will arrest the decline in profitability. Project 1: This would involve closing the firm’s domestic factory and switching production to a foreign country where labor rates are a quarter of those in the domestic market. Sales would continue to be targeted exclusively at the domestic market. Project 2: This would involve a new investment…
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