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NeTakaya
3 years ago
9

Steve has decided to purchase a sponsorship package with the local baseball team because heis good friends with the marketing di

rector for the baseball team. This is an example of a business purchase decision based on:A) marketing objectivesB) internal objectivesC) personal objectivesD) societal objectives
Business
1 answer:
nikdorinn [45]3 years ago
7 0

Answer:

c. personal objectives

Explanation:

Business purchase decision based on personal objectives -

It refers to the practice of establishing the business or any project which is beneficial as being fruitful in personal relation , is referred to as personal objectives .

The method tends to divert to being able to fulfil his or her personal motto .

Hence , from the given scenario of the question ,

The correct answer is c. personal objectives .

You might be interested in
Keller Cosmetics maintains an operating profit margin of 7% and asset turnover ratio of 4.
Yanka [14]

Answer:

A) ROA = 28%

B) ROE = 20%

Explanation:

Requirement A

We know,

Return on Asset = \frac{Net Income}{Average Total Assets}

If we break the ROA formula, we can get,

ROA = \frac{Net Income}{Net Sales} × \frac{Net Sales}{Average total assets}

We know, Profit margin = Net Income ÷ Net Sales; and

Asset Turnover ratio = Net sales ÷ Average total assets

Therefore, ROA = Profit margin × Asset Turnover

Given,

Profit Margin = 7% = 0.07

Asset Turnover = 4.0

Hence, Return on Asset = 0.07 × 4 = 0.28 = 28%

It shows how assets generate income over a period.

Requirement B

We know,

Return on Equity = \frac{Net Income}{Stockholders' Equity}

If we break the formula, ROE = (Asset ÷ Equity) × (Debt Burden) × ROA

Given,

Debt-Equity ratio = 1

We know, Debt-equity ratio = \frac{Total Debt}{Total Stockholders' Equity}

As debt-equity ratio is 1, debt = equity

Therefore, assets =  2 times of debt or equity

Debt Burden = Net Income ÷ (EBIT - Interest)

Debt Burden = (EBIT - Interest - Tax) ÷ (EBIT - Interest)

Debt Burden = $(21,000 - 8,200 - 8,200) ÷ $(21,000 - 8,200)

Debt Burden = $4,600 ÷ $12,800

Debt Burden = 0.359375

We have already got ROA from requirement A, ROA = 28% = 0.28

Hence, ROE = (2 ÷ 1) × 0.359375 × 0.28

ROE = 0.20125

ROE = 20%

6 0
3 years ago
In a given year, a consulting firm has the following costs: $600,000 in wages and salaries paid to employees; $73,000 in rental
Alex73 [517]

Answer:

750,000     -5,000     - 125,000

800,000    45,000     -  75,000

850,000    95,000     -  25,000

900,000   145,000        15,000

Explanation:

600,000 wages

73,000 rent

82,000 supplies

operating cost 755,000

opportunity cost 130,000

  • accounting profit revenue - operating cost
  • economic profit = accounting profit - opportunity cost

5 0
3 years ago
Suppose a museum charges different entrance fees for children, students, adults and seniors, but these groups all pay the same a
Pepsi [2]

Answer:

the entrance ticket is individual, while souvenirs are transferable

Explanation:

Based on the scenario been described in the question, the museum charges different entrants fee from children, which make the ticket and individual ticket at it was able to reduce the price for children, while the museum charges the same price for all the group on souvenirs, that is because souvenirs are transferable compared to the tickets.

4 0
3 years ago
After writing a check for 172, your account is overdrawn by $31. How much money did you have in the account before you wrote the
ladessa [460]
$203.00
172.00+ more you spent 31.00= 203.00
7 0
3 years ago
Carter Co. sells two products, Arks and Bins. Last year Carter sold 14,000 units of Arks and 56,000 units of Bins. Related data
Oliga [24]

Answer:

Carter Co.'s break-even point in units was 40000 units.

Explanation:

Total units sold = 14000 + 56000

                          = 70000

Weight of ark = 14000/70000

                      = 0.20  

weight of bins = 1 -0.20

                        = 0.80

weighted average contribution = (40 *0.20 ) + (20 *0.80 )  

                                                    = 8+ 16  

                                                    = $ 24 per unit

Break Even Point (Units) = Fixed cost /weighted average contribution

                   = 960,000 / 24  

                   = 40000 units

Therefore, Carter Co.'s break-even point in units was 40000 units.

3 0
3 years ago
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