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solmaris [256]
3 years ago
12

Last year, Candle Corp had $200,000 of assets, $300,000 of sales, $20,000 of net income, and a debt-to-total-assets ratio of 40%

. The new CFO believes a new computer program will enable it to reduce costs and thus raise net income to $30,000. Assets, sales, and the debt ratio would not be affected. By how much would the cost reduction improve the ROE?
Business
1 answer:
Arisa [49]3 years ago
5 0

Answer: 342,000

Explanation:

200,000 + 300,000 + 20,000 = 520,000

520,000 * 40% = 208,000

520,000 - 208,000 = 312,000

312,000 + 30,000 = 342,000

Therefor your answer is 342,000

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800 hours

Explanation:

The Temporary Assistance for Needy Families (TANF) is a federal welfare program established in 1996 which helps qualifying families with childcare assistance, professional training and work assistance. The federal government transfers money to the states and then each state sets is requirements for receiving TANF assistance.

Since the benefit reduction rate is 50% and the TANF amount is $4,000, the total yearly income must be less than $8,000 to receive TANF ($8,000 x 50% = $4,000). If the potential recipient can earn $10 per hour, then she should work less than 800 hours (= $8,000 / $10) in order to keep receiving TANF benefits.

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4 years ago
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Answer:

b. Operations management

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-Sales management takes care of handling the sales of products and services, managing the sales force and deciding which strategies to use to accomplish the goals.

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According to this, the answer is that Krisson works in operations management as he has the responsability to print the paper which means that is managing the process to create the product the company sells.

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3 years ago
What refers to the study of your strengths and weakness and the identification of your area of interest?
Veseljchak [2.6K]

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Explanation:

7 0
3 years ago
Fonda Motorcycle Shop sells motorcycles, ATVs, and other related supplies and accessories. During the taking of its physical inv
Lelechka [254]

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Detailed solution in tabular form is attached below for better interpretation.

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3 years ago
When government statisticians gather and analyze data on the purchases of goods and services producedpurchases of goods and serv
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When government statisticians gather and analyze data on the purchases of goods and services produced in the domestic​ economy, they are measuring GDP using the​ expenditure-accounting method.

<h3><u>Explanation:</u></h3>

The Gross Domestic Product of any country can be calculated using the expenditure method of accounting. The result from this method is the summation of the investments, spending of consumers, expenditure incurred by the government and the net exports of the country. The aggregate demand will be equal to the GDP equation in longer run.

Income approach can be considered as an alternative method for this expenditure accounting method. It calculates GDP by subtracting the imports of the country from the added values of consumption, investment, government expenditure and the net exports. When the statisticians of government gather and analyze data on the purchases of goods and services produced in the domestic​ economy, they are measuring GDP using the​ expenditure-accounting method.

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