MEGAFRAME COMPUTER COMPANY
Balarce Sheet
as of Decermber 31 MEGAFRAME COMPUTER COMPANY
Income Staternent
for the Year Ended Decernber

question 26

Multiple Choice

MEGAFRAME COMPUTER COMPANY
Balarce Sheet
As of Decermber 31
$\begin{array}{lr}\text { ASSETS } \\\text { Cash } & \$ 50,000 \\\text { Accounts receivable } & 70,000 \\\text { Inventory } & 110,000 \\\text { Net plant and equipment } & 220,000\\\text { Total assets }&\$450,000\\\\\text { LIABIITES AND STOCKHOLDERS' EQUTTY }\\\text { Accounts payable } & \$ 0,000 \\\text { Accrued expenses } & 50,000 \\\text { Long-term debt } & 130,000 \\\text { Common stock } & 70,000 \\\text { Paid-in capital } & 40,000 \\\text { Retained earnings } & 90,000\\\text { Total liabilities and stockholders' equity }&\$450,000\end{array}$
MEGAFRAME COMPUTER COMPANY
Income Staternent
For the year ended Decernber 31
$\begin{array}{ll}\text { Sales (all on credit) }&\$875,000\\\text { Cost of goods sold }&600,000\\\text { Gross profit }&\$275,000\\\text { Sales and administrative expenses }&30,000\\\text { Depreciation }&55,000\\\text { Operating profit }&\$190,000\\\text { Interest expense }&25,000\\\text { Profit before taxes }&\$165,000\\(\text { Taxes (30\%) }&49,000\\\text { Net income }&\$115,500\\\end{array}$

Refer to the tables above. Compute Megaframe's after-tax profit margin.

• A) 5.7%
• B) 13.2%
• C) 15.4%
• D) 18.9%

Recognize the prevalence and implications of gender and sexual orientation prejudices.

Understand the consequences of societal biases on minority and marginalized groups.

Understand the impact of technological innovations and internet access on American society and the global economy.

Identify key political figures and their roles in shaping U.S. and international policies during the late 20th century.

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Definitions:

Medical Device

An instrument, apparatus, implant, or similar article used for diagnosing, preventing, or treating disease or other conditions.

Seafloor

The bottom surface of the ocean, covering a vast area and consisting of various geological features like underwater volcanoes, canyons, and plains.

Uplifted

The process by which regions of the Earth's crust are raised to higher elevations, often due to tectonic forces.

Tsunami

A series of ocean waves with very long wavelengths caused by large-scale disturbances under the ocean, such as earthquakes or volcanic eruptions.