C. opportunity cost is the benefit not received as a result of not selecting the best option
Answer:
Profit margin (PM) the firm needs in order to achieve the 15% ROE: a. 5.41%
Explanation:
The profit margin reflects a company's overall ability to turn income into profit, is calculated by formula:
Profit margin = Net income/Net sales
The return on equity (ROE) is calculated by following formula:
ROE = Net income/shareholder's equity
New Doors Corp. uses $187,500 of total shareholder's equity capital and gets the return on equity (ROE) up to 15.0%
Net income = ROE x Shareholder's equity = 15.0% x $187,500 = $28,125
Profit margin = $28,125/$520,000 = 0.0541 = 5.41%
Answer:
The overhead variance for the year is $ 30000 and is Favorable/overapplied.
Explanation:
Overhead variance = Actual overhead - Applied overhead
= $470,000 - $500,000
= - $30000
Therefore, the overhead variance for the year is $ 30000 and is Favorable/overapplied.
Learning about other cultures will make you more motivated to visit and find out what it is really like. ... Being curious may also help you better understand and accept cultural differences that may be a challenge without visiting the country of the cultural difference that you are learning about.
