The following information is from Megabux, Inc.'s annual report for the years ended December 31:
-Refer to the Megabux annual report above.Calculate the gross profit ratio for 2010.
Definitions:
Monthly Compounded
A reiteration indicating that the interest accrues on a monthly basis, thereby increasing the investment or loan amount through compounding.
Promissory Note
A written and signed promise to pay a specified sum of money to a particular person or bearer on a specified date.
Compounded Semi-Annually
The process of calculating interest on both the initial principal and the accumulated interest over half-year periods.
Annual Rate of Appreciation
The rate at which an investment or real estate increases in value over a one-year period, expressed as a percentage.
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