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%

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20

The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?

Acoase solution to a problem of externality ensures that a socially efficient outcome is to