The following is an income statement from the financial records of Peace, Love and Joy Company for the year ended December 31, 2015: Income Statement
Sales (net) $ 245,675
Cost of Goods Sold (67,500)
Gross Profit $ 178,175
Operating expenses (125,000)
Operating Income $ 53,175
Interest revenue 5,600
Interest expense (8,750)
Income before taxes $ 50,025
Income tax expense (15,008)
Net Income $ 35,017
Refer to Exhibit 5-2. Compute net profit margin for Peace, Love, and Joy Company.
a) 23.92%
b) 20.36%
c) 29.84%
d) 14.25%

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Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.

When peter metcalf describes black diamond’s manufacturing facility in china as a “greenfield project,” he means that partnered with a chinese company to buy the plant . of all market entry strategies, this one carries the lowest risk. because black diamond manufactures its outdoor sports products outside the united states, what risks must its managers be aware of?