Answer: False, career selection should not be based on salary alone.
Explanation: When choosing a career it is important to consider several aspects such as your abilities to perform the task the job requires and how much you would enjoy the job.
Answer:
8,850 units
Explanation:
We know that
Net income = Unit sales × (Selling price per unit - variable cost per unit) - Fixed cost
$23,600 = Unit sales × ($55 - $39) - $118,000
$23,600 = Unit sales × $16 - $118,000
$23,600 +$118,000 = $16 unit sales
So, unit sales = 8,850 units
The net income is computed below:
= Given percentage × Total fixed cost
= 20% × $118,000
= $23,600
Answer:
Deposited amount will decrease by 1% and $2,000
Explanation:
Inflation rate will effect the value of money due to decrease in purchasing power of the currency holder.
We will use following formula to calculate the impact
Nominal rate = Real interest rate + Inflation rate
5% = Real interest rate + 6%
Real interest rate = 5% - 6% = -1%
The deposited amount will be decreased by 1%.
Deposit value = $200,000 x ( 1 - 1% ) = $198,000
Decrease in value = $200,000 - $198,000 = $2,000
Answer:
2,000
Explanation:
To calculate how much of an accuracy related penalty the tax payer will be assessed, we use the following method.
Answer:
13.82%
Explanation:
Data provided in the question:
Sales = $325,000
Net income = $19,000
Assets = $250,000
Total-debt-to-total-assets ratio = 45.0% = 0.45
Now,
Total asset turnover = Sales ÷ Total assets
= $325,000 ÷ $250,000
= 1.3
Profit margin = Net income ÷ Sales
= $19,000 ÷ $325,000
= 0.05846
Equity multiplier = 1 ÷ [ 1 - Debt to asset ratio]
= 1 ÷ [ 1 - 0.45 ]
= 1.818
thus,
ROE = Profit margin × Total asset turnover × Equity multiplier
= 0.05846 × 1.3 × 1.818
= 0.1382
or
= 0.1382 × 100%
= 13.82%
