Answer:
Option (A) is correct.
Explanation:
Given that,
2018:
Accounts receivable (net) = $20
Net sales = $115
Cost of goods sold = $60
Net income = $20
Inventory turnover = 5.22
Return on equity = Return on assets × Equity multiple
= 10.3% × 2.36
= 24.308% or 24.3%
Therefore, Dowling's return on equity for 2018 is 24.3%.
<span>The laffer curve makes the point that cutting a very high marginal tax rate can raise the tax base enough so that tax revenues actually rise. The Laffer Curve is a theory that was developed by Arthur Laffer. The theory explains the relationship between tax rates and how much tax revue the government creates. </span>
Answer:
The Correct Option is C.
Explanation:
Vision is which a person see something either having a heavenly perspective or in the person or individual mind. Whereas the dream is what the person or individual see when the person or individual is asleep.
So, Jung believed that the dreams and the vision is important or vital form of communications from another domain.
<span>When employees feel like lose powers or tasks during the change process, it is important to keep them motivated. Offering financial or mental incentives can move employees into a positive direction. The employee can be offered incentives to leave the company early, their contracts may be adjusted or another job or promotion is offered. This method is actually called Negotiation and rewards.</span>
Answer: B. Sales returns and allowances
Explanation:
Accounts receivable is not closed out because people will still be owning at year end. Prepaid Insurance is an unrecognized payment for an expense in another period so it is not closed out either.
Land is a fixed asset so it is not closed and Accumulated depreciation will be left open to keep depreciating assets.
Only account that will be closed is the Sales returns and Allowances account as these are periodic entries and so should be closed out in the period.
