Based on the information given the return on equity is 1.6.
<h3>Return on equity</h3>
Using this formula
Return on equity=Net income/ Owner's equity
Where:
Net income=$16 million
Owner's equity=$10 million
Let plug in the formula
Return on equity=$16 million/$10 million
Return on equity=1.6
Inconclusion the return on equity is 1.6.
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Answer:
D. FDA regulations on imported products
Explanation:
The barriers to entering global markets are; protectionism, restrictions on trans-border data flow, protection of intellectual property and cultural barriers and languages. Most counties that uses the aforementioned does so basically to protect their home industries from foreign competition and also to safeguard the interest and wellbeing of its citizenry. However, no country can stand on its own as countries have comparative advantages over each other in production of certain products.
With regards to the above, FDA(food and drug adminstration) regulations on imported product is not a barrier to entering global market. FDA are body that makes regulations that all imported products must meet the same standard as the local goods hence must be safe to eat, pure, wholesome and manufactured under clean conditions. It also state that drugs, cosmetics must be produced from approved materials hence must meet standards already established by the board. They are basic requirements that must be meet before foreign products are allowed into the country.
Answer: Decrease the price of ice cream.
Explanation:
Since the elasticity is grater than one a decrease in price will lead to a greater change in demand and invariably more revenue.
Answer:
-0.2245
Explanation:
Given the data :
X series :
16
12
8
9
18
9
11
16
15
3
Y series :
23
22
24
18
16
15
28
18
25
24
Using technology, the correlation coefficient value for the model whose data is given above is - 0.2245 which depicts that a weak negative relationship exists between the X series values varibale and Yseries variable. Our conclusion was inferred from the fact that - sign denotes negative and values close to zero denotes a weak association between the plotted variables.