The correct answer is : light Industry
Since a light industry only produce small consumer goods such as clothes, shoes, hand made dolls, etc, it usually less capital oriented than the heavy industries and more consumer oriented than business oriented
Answer:
B) 574,000
Explanation:
Equipment book of Paar value on december 31/14 of $294,000.-
Add Kimmels equipment book value on december 31/14 of $190,00
Add original acquisition-date allocation to Kimmel´s equipment of ($400,000 - $272,000) = $128,000
Less Amortization of alloction ($128,000 / 10 years for 3 years) = (38,400)
Eqcuals consolidated equipment of $574,000
Answer:
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Answer:
The income must be $43,125 to warrant starting the business
Explanation:
Given that:
- The company would require $375,000 of assets, and it would be financed entirely with common stock, it is the equity
The formula of ROE : Net income / Equity
Therefore, Net income = ROE * Equity
= 11.5% * $375,000
= $43,125
So the income must be $43,125 to warrant starting the business
Hope it will find you well.
