Answer:
The answers are given below.
Step-by-step explanation:
The computation is shown below:
1.a.
Profit Margin = Net Income ÷ Sales × 100
= $374 ÷ $6,900 ×100
= 5.4%
1-b:
Average Assets = (Beginning Assets + Ending Assets) ÷ 2
= ($3,200 + $3,600) ÷ 2
= $3,400
Now
Return on Assets = Net Income ÷ Average Assets
= $374 ÷ $3,400
= 11%
1-c
Average Equity = ($700 + $700 + $320 + $270) ÷ 2
= $995
Now
Return on Equity = Net Income ÷ Average Equity *100
= $374 ÷ $995
= 37.59%
2:
Dividends Paid = Beginning Retained Earnings + Net Income – Ending Retained Earnings
= $270 + $374 - $320
= $324
Answer:
B and J switch because J is a repeating number and repeating numbers are irrational because they don't have a definte end. Other than that, you are good!
Step-by-step explanation:
Answer:
Interest = $93.205
Explanation:
Interest can be calculated as follows:
I = Prt
where:
I is the interest we want to canlculate
P is the principle amount = $1400
r is the interest rate in decimal = 9% = 0.09
t is the time in years = 270/365
Substitute with the givens in the above equation to get the value of the interest as follows:
I = 1400 * 0.09 * (270/365)
I = $93.205
Hope this helps :)
Answer: I’m not sure but I think the answer is $255
Step-by-step explanation:
$840 is roughly 36 percent of $2,330, when rounded to the nearest tenth Dustin spends 40% on rent.
