Chapter 6, Problem 43P

What is the profit margin if the tax rate is 32 percent?

Nova Flex Corp. had net fixed assets of $20,500 at the start of the year and $21,800 at the end. The company recorded $4,200 in depreciation and spent $9,000 on purchasing new fixed assets. How much in fixed assets did Nova Flex Corp. sell during the year?

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Direct material:6.70, Direct labor:4.20

Sales are $1,000,000 for a product with a variable cost per unit of $6 and a sales price of $20. If fixed costs are $250,000, what is the contribution margin? A. $200,000 B. $700,000 C. $500,000 D. $400,000 HELP

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I need help with this financial accounting problem using accurate calculation methods.