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3 years ago

Do you think it was easy for people in declining manufacturing industries to switch into the service sector? explain.

1 answer:

8 0

No, because the manufacturing industries had a different set-up than the service sector. The manufacturing industries are driven to produce quality products with minimal regard to how their actions have an effect on the customers. They only had to produce good products. The service sector requires interpersonal skills that requires training and development.

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The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summ

marishachu [46]

Answer and Explanation:

The computation is shown below:-

Incorrect

ROA = Net Income ÷ Average assets

= $101,900 ÷ (($550,000 + $573,000) ÷ 2)

= $101,900 ÷ $561,500

= 0.18

ROE = Net Income ÷ Average equity

= $101,900 ÷ (($340,000 + 356,000) ÷ 2)

= $101,900 ÷ $348,000

= 0.29

Debt Ratio = Total debt ÷ Average Assets

= $217,000 ÷ (($550,000 + $573,000) ÷ 2)

= $217,000 ÷ $561,500

= 0.39

EPS = Net Income ÷ Number of Common Shares

= $101,900 ÷ 22,000

= $4.63

Correct

ROA = Net Income ÷ Average assets

= ($101,900 - $8,500) ÷ (($550,000 + $573,000 - $8,500) ÷ 2)

= $93,400 ÷ $557,250

= 0.17

ROE = Net Income ÷ Average equity

= ($101,900 - $8,500) ÷ (($340,000 + 356,000 - $8,500) ÷ 2)

= $93,400 ÷ $343,750

= 0.27

Debt Ratio = Total debt ÷ Average Assets

= $217,000 ÷ (($550,000 + $573,000 - $8,500) ÷ 2)

= $217,000 ÷ $276,500

= 0.78

EPS = Net Income ÷ Number of Common Shares

= ($101,900 - $8,500) ÷ 22,000

= $4.25

5 0

3 years ago

When you are creating Internet ads, what is something you should try to avoid?

Arturiano [62]

The correct answer is irritation or annoying possible consumers.

Social media is today's news and networking; try as hard as you can to advertise there.

There can never be too many ads. As I am answering this, two ads are above me and two ads are to my right.

Click to sale is very efficient.

3 0

3 years ago

Read 2 more answers

Knowing that Graeter's competes with multinational corporations as well as small businesses, would you recommend that Graeter's

Degger [83]

Answer:Yes

Explanation: Because it will ensure more international awareness that will yield new customers, Sales and profitability for Greater companies.

3 0

3 years ago

nyoko signs a covenant not to compete with her employer, midstate distribution, inc. the covenant will be enforced if it does

frosja888 [35]

A non-compete covenant is a type of covenant that is a contractual promise between two parties where one party agrees not to compete with the other part in similar business for a specified period of time and geographic area. Non-compete covenants are enforceable when they are found to be reasonable according to the time period and geographic area limitations. The restriction must protect a legitimate business purpose and not be excessive in that protection.

6 0

3 years ago

Earnings Per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Mo

Mashutka [201]

Answer:

Monarch Resources Inc.

a. Earnings per share:

= $ 11.50

b. Price-earnings ratio:

= 8x

c. Dividends per share:

= $4.60 per share

d. Dividend yield:

= 5%

Explanation:

a) Data and Calculations:

Common stock, $125 par value = $12,500,000

Number of common stock shares = 100,000 ($12,500,000/$125)

$6 Preferred stock, $90 par value = $2,250,000

Number of preferred stock shares = 25,000 ($2,250,000/$90)

Net income = $1,300,000

Dividends on the Preferred stock = $150,000 ($2,250,000/$90 * $6)

Net income after preferred dividend = $1,150,000 ($1,300,000-$150,000)

Dividends on the Common stock = $460,000

Common stock market price = $92 per share

a. Earnings per share

= Net income after preferred dividend/number of shares

= $1,150,000/100,000

= $ 11.50

b. Price-earnings ratio:

= Market price/EPS

= $92/$11.50

= 8x

c. Dividends per share:

= Common stock dividends/number of common stock shares

= $460,000/100,000

= $4.60 per share

d. Dividend yield:

= Market price/Dividend per share

= $4.60/$92 * 100

= 5%

4 0

3 years ago