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Airida [17]
3 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?
Business
1 answer:
Vadim26 [7]3 years ago
7 0

Answer:

$50,000

Explanation:

Total Assets  at beginning                          $450,000

Total Assets at end                                    $550,000

Total Assets                                                $1,000,000

Average Total Assets=Total Assets/2=$1,000,000/2=$500,000

Return on assets=Net Income/Average Total Assets

10%=Net Income/$500,000

Net Income=$500,000*10%

Net Income=$50,000

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Which act requires that financial institutions must provide a privacy notice to each consumer that explains what data about the
Yakvenalex [24]

Answer:

Gramm–Leach–Bliley Act

Explanation:

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5 0
3 years ago
Determine the price in period 1 (the future) if 30 units of oil are consumed in period 0 (the present).
Dovator [93]

Answer:

$16.50

Explanation:

Note: The complete question is attached as picture below

We know that there is a total of 90 units of oil and 30 units is consumed in period 0.

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So, Q1 = 192 - 8P

For 60 units, the price will be 60 = 192 - 8P

8P = 192 - 60

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8 0
3 years ago
John was driving his car in a careless way, failing to drive as a reasonably prudent person would under the driving conditions.
Ilia_Sergeevich [38]

Answer:

1. <em>If this law of contributory negligence applies to the state, then Ramona will receive no compensation for the damages she sustained. </em>

<em> </em>2<em>. If this law of comparative negligence applies to this state, then Ramona will get 100% - 20% = 80% of the damages incurred in the accident, from John which will be $80,000</em>

<em />

Explanation:

In contributory negligence, the defense completely bars plaintiffs from any recovery if they contribute to their own injury through their own negligence.

<em>If this law of contributory negligence applies to the state, then Ramona will receive no compensation for the damages she sustained. </em>

<em> </em>

In comparative negligence, the plaintiff's damages is award by the percentage of fault that the fact-finder assigns to the plaintiff for his or her own injury i.e the plaintiff's damage compensation is reduced by percentage of his/her percentage of fault.

<em>If this law of comparative negligence applies to this state, then Ramona will get 100% - 20% = 80% of the damages incurred in the accident, from John</em>

this is 80% of $100,00 which is equal to <em>$80,000</em>

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