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professor190 [17]
1 year ago
11

Frank's used cars has sales of $807,200, total assets of $768,100, and a profit margin of 6.68 percent. the firm has a total deb

t ratio of 54 percent. what is the return on equity?
Business
1 answer:
aliya0001 [1]1 year ago
6 0

Return on equity is the economic ratio that is calculated to determine the ability of a company to develop profit for the equity shareholders. The formula is:

ROE = Net income/Equity × 100

<h3>Return on equity</h3>

Net income = Sales xProfit margin

Net income = $807,200 x6.68%

Net income = $807,200 x0.0668

Net income = $53,920.96

Debt = Debt ratio x Total assets

Debt = 54% * $768,100

Debt = 0.54 * $768,100

Debt = $414,774

Equity = Total assets - Debt

Equity = $768,100 - $414,774

Equity = $353,326

ROE = Net income/Equity × 100

ROE = $53,920.96/$353,326 × 100

ROE = 15.26%

To learn more about the Total assets the link

brainly.com/question/28202066

#SPJ4

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A new assessment tool does a good job of differentiating those who later will be depressed and those who will not be depressed,
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A. predictive validity.

Explanation:

The tool has predictive-validity because it can assess, or predict, out of a sample, which subjects will be depressed in the future, and which subjects will not, producing similar results to other tools that also measure depression, something that gives it credibility.

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3 years ago
Assume that the total cost of a project is $570,000 and that it is fully depreciable using a straight-line method over 6 years.
Lera25 [3.4K]

Answer:

So the depreciation in year 1 is $95,000

Explanation:

Depreciation is the accounting method that is used to allocate cost of an asset over its useful life. It is assumed that an asset losses values over a period and the salvage or terminal value is the value of the good after its useful life has ended.

Straight line method of depreciation assumes equal allocation of depreciation expense over the useful life of an asset.

In the given the asset value is $570,000 and the terminal value is $0

Using the formula

Depreciation= (Value of asset- Salvage value)/Number of useful years

Depreciation= (570,000-0)/6

Depreciation= $95,000 paid equally for 6 years

So the depreciation in year 1 is $95,000

4 0
3 years ago
The positive relationship between price and quantity supplied, other things being equal, is considered to be:________
Bas_tet [7]

Answer:

The answer is D.

Explanation:

The correct answer is D. universally true for all markets

Other things being equal, as the price of goods and services increase, producers/firms tend to produce more(this is the popular law od supply) inorder to take advantage of the high revenue.

Unlike demand, for supply, price and quantity supplied are directly related.

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If Central Bank A cares only about keeping the price level stable and Central Bank B cares only about keeping output at its natu
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<u>A)</u><u> Both Central Bank A and Central Bank B should </u><u>increase</u><u> the </u><u>quantity</u><u> of </u><u>money.</u>

<u></u>

<h3><u>What is the Central Bank?</u></h3>

A financial institution with exclusive authority over the creation and distribution of money and credit for a country or a group of countries is known as the central bank. In contemporary economies, the central bank is typically in charge of monetary policy formulation and member bank regulation. Inherently non-market-based or even anti-competitive institutions are central banks. Many central banks, despite the fact that some have been nationalized, are not part of the government and are therefore frequently hailed as being politically independent. However, even though a central bank isn't technically the government's property, its rights are still created and safeguarded by the law.

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