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faust18 [17]
2 years ago
11

The balance sheet of Hidden Valley Farms reports total assets of $450,000 and $550,000 at the beginning and end of the year, res

pectively. The return on assets for the year is 10%. What is Hidden Valley's net income for the year?a. $5,000,000.b. $55,000.c. $5,500,000.d. $50,000.
Business
1 answer:
artcher [175]2 years ago
6 0

Answer:

The correct answer is D that is $50,000

Explanation:

The net income is computed as:

Return on Assets = Net Income / Average Total assets

where

Return on assets is 10%

Average Total assets = Beginning total assets + Ending total assets / 2

= ($450,000 + $550,000) / 2

= $1,000,000 / 2

= $500,000

Putting the values in the above formula:

10% = Net Income / $500,000

Net Income = 0.1 × $500,000

Net Income = $50,000

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Sabrina, a production manager at Orrin Co., needs to measure the performance of 12 of her subordinates. She divides the number o
Tcecarenko [31]

Answer: Forced-distribution

Explanation:

The forced distribution is one of the type of method which is used by the various types of organizations or companies for the purpose of evaluating the performance of an employees by using the rating system parameter.

By using the forced distribution method the organizations are establishing the appraisal method by evaluating the productivity and the performance of an employees and it is also known as the management tool.

 According to the given question, Sabrina is the production manager at the Orrin Corporation and they needs to measure the overall performance of the subordinates so she is using the forced distribution method by dividing each employees into the different types of categories such as Exceptional, below average, Average and above average.      

 Therefore, Forced Distribution is the correct answer.  

8 0
2 years ago
Cell Phones for Soldiers is a nonprofit organization with a long-term commitment to one cause. Suppose that FedEx volunteered to
Rudik [331]

Answer:

d) social initiative

Explanation:

  • Being an NGO the cell phone for solders is making a long term commitment to the cases that supports the social initiative and which is volunteer by the Fed Ex company to transport and donate these cell phone for free and thus acts for a social cause and helps the society.
6 0
2 years ago
Even though local newspapers are very inexpensive, people rarely buy more than one of them each day. This fact: Select one: a. i
ddd [48]

Implies that, for most people, the marginal benefit of reading a second newspaper is less than the marginal cost is the fact.

<h3>What is newspaper?</h3>

Newspaper is the paper that consist of the news in it, it publishes on the daily basis with the different news, there are different kind of news present in the paper like local news, international news, celebrities news, headline, exclusive news and others.

Thus, option C is correct.

For further details about Newspaper, click here:

brainly.com/question/14606545

#SPJ1

7 0
2 years ago
The type of account and normal balance of unearned consulting fees is revenue, credit liability, credit liability, debit expense
alexdok [17]
The unearned consulting revenues are liabilities. A liability, in accounting terms, is an obligation and is found in the balance sheets of companies or businesses. When a company does transactions with other individuals or companies usually they owe amounts to creditors for the goods or services the company acquires. In another sense, a liability is a source of the company’s assets. They can also be considered as claims against the company’s assets. A liability may also include those amounts received by the company in advance of future services. Liabilities include accounts payable, notes payable, salaries payable, interest payable, bonds payable, accrued expenses payable, etc. Their normal balance is credit.
3 0
3 years ago
The Sports Club plans to pay an annual dividend of $1.20 per share next year, $1.12 per share a year for the following two years
Delicious77 [7]

Answer:

$9.63

Explanation:

Data provided in the question:

Year              Annual dividend paid

   1                                      $1.20

   2                                      $1.12

   3                                      $1.12

   4                                      $14.20

Now,

Year       Annual dividend paid        Present value factor     Present value

   1                              $1.20                          0.84246               1.011

   2                             $1.12                          0.84246               0.7949

   3                             $1.12                          0.59793             0.6696

   4                             $14.20                       0.50373             7.1529

===============================================================

Worth of stock = 1.011 + 0.7949 + 0.6696 + 7.1529

= $9.6284 ≈ $9.63

Note:

Present value factor = [ 1 ÷ (1 + 0.187)ⁿ]

here,

n is the year

7 0
3 years ago
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