Answer:
17.43
132.19
Explanation:
Net profit margin is an example of a profitability ratio. It measures he ability of a firm to earn a profit from its assets
Net profit margin = Net income / Revenue
0.05 = x / 9800
net income = 490
net income per share = 490 / 4500 = 0.109
p/e = 1.9 / 0.109 = 17.43
Using the Dupont formula, ROE can be determined using:
ROE = Net profit margin x asset turnover x financial leverage
ROE = (Net income / Sales) x (Sales/Total Assets) x (total asset / common equity)
Answer:
Farming is a business and good farm record-keeping helps the farmer plan and do realistic forecasting. Record-keeping provides valuable information on which methods work.
Answer: See explanation
Explanation:
From the question, we are informed that Knight Corp. obtained land by issuing 3,000 shares of its $10 par value common stock and that the land was recently appraised at $72,000 while the common stock is actively traded at $25 per share.
When recording the acquisition of the land, what amounts will be recorded in the Land and Common Stock accounts goes thus:
Debit: Land 3000 × $25 = $75000
Credit: Common stock = 3000 × $10 = $30,000
Therefore, the amount that will be recorded in the Land is $75000 and Common Stock accounts is $30000
Answer:
Net operating income= 4,134
Explanation:
Giving the following information:
Hailey, Inc., has sales of $19,570, costs of $9,460, depreciation expense of $2,130, and interest expense of $1,620. Assume the tax rate is 35 percent.
Sales= 19,570
COGS= 9,460
Gross profit= 10,110
Depreciation expense= 2,130
Interest expense= 1,620
EBT= 6,360
Tax= 2,226
Net operating income= 4,134
Answer:
producer surplus 14.2 dollars
Explanation:
The producer surplus will be the area above the marginal cost and the sales price:
Marginal cost: will be 0.8 regardles of the quantity
The demand line is build with the formula given: Qd = 20-5p
and then we stablish the price as state 2.4 for the first 8 units and 1 dollar from that point
As it met the demand curve in 15 units there will be sales for 15 units the first at 8 and the remainder 7 at 1 dollar
<u>Producer surplus:</u>
(2.4 - 0.8) x 8 + (1 - 0.8) * 7 = 14.2