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svet-max [94.6K]
2 years ago
8

A firm has net income of $197,400, a return on assets of 8.4 percent, and a debt-equity ratio of .72. What is the return on equi

ty?
a. 11.67 percent
b. 18.98 percent
c. 14.45 percent
d. 16.22 percent
e. 15.06 percent
Business
1 answer:
Karolina [17]2 years ago
8 0

Answer:

C 14.45

Explanation:

Return on equity = .084 ×(1 + .72) = .1445, or 14.45 percent

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According to purchasing-power parity, if it took 58 Indian rupees to buy a dollar today, but it took 55 to buy it a year ago, th
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Answer:

Given that,

Current exchange rate between India and U.S :

1 Dollar = Rs. 58

Exchange rate between India and U.S a year ago :

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This is due to the increase in the exchange rate in India. Now, a dollar become more expensive than it a year ago.

So, the Indian rupee depreciated and U.S dollar appreciated.

 

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3 years ago
Knox Company has a new product with a projected selling price of $6.00 each. It estimates that it could sell 100,000 units annua
Pachacha [2.7K]

Answer:

350,000

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Explanation:

Both sales and variable cost are dependent on the number of units sold.

The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.

The target cost of the product is the difference between the selling price and the anticipated profit.

Target cost per unit

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3 years ago
_____________ architecture utilizes processes of designing, construction, operation, maintenance, and removal that have been car
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Answer:

_______   architecture utilizes processes of designing, construction, operation, maintenance, and removal that have been carefully planned to have the smallest footprint.

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Explanation:

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8 0
3 years ago
Purple Rose Corporation reported pretax book income of $500,000.
Vikentia [17]

Answer: $68,000

Explanation:

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Net Income = $500,000 - $300,000 = $200,000

Current income tax expenses at 34% will then be:

= 34% × Net income

= 34/100 × $200,000

= $68,000

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3 years ago
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