1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Furkat [3]
4 years ago
7

Yo Mamma Shops, Inc. can open a new store that will do an annual sales volume of $837,900. It will turn over its assets 1.9 time

s per year. The profit margin on sales will be 8%. What would net income and return on assets (investments) be for the year?
Business
1 answer:
solong [7]4 years ago
5 0

Answer:

Net Income = $67,032

Return on assets = 0.152 = 15.2%

Explanation:

Profit Margin = Net Income / Net sales

Net Income =Profit Margin x Net sales

Net Income = 8% x $837,900

Net Income = $67,032

Asset Turnover = Net Sales / Average total assets

1.9 = $837,900 / Average total assets

Average total assets = $837,900 / 1.9

Average total assets = $441,000

Return on Assets = Net Income / Average total Assets

Return on Assets = $67,032 / $441,000

Return on Assets = 0.152 = 15.2%

You might be interested in
A property sold in april for $216,500. it sold again 9 months later for $245,750. what was its average monthly rate of appreciat
Usimov [2.4K]

The monthly rate of appreciation is 1.50%.

Appreciation may be used to refer to growth in any sort of asset, along with inventory, bond, currency, or actual property. For instance, the term capital appreciation refers to a growth in the fee of economic belongings which includes stocks, which could arise for motives such as advanced financial overall performance of the enterprise.

It is a phrase normally said to any other individual because they trust that they deserve reputation and reward. Pronouncing that you recognize a person in a manner to present your time, difficult work, or energy to the person you need to apprehend.

Being preferred is a way to experience that we are important to others; we make a difference in their lives. We are valued — or maybe loved. it's far validating and meaningful to pay attention that what we've completed something component appropriate or that who we are is appreciated. As humans, we long for connection.

Learn more about appreciation here brainly.com/question/1833440

#SPJ4

7 0
1 year ago
An economic term for any person who uses goods or services. Sometimes a consumer buys a good or service. Sometimes, the goods or
lesantik [10]

Answer: Consumer

Explanation:

If you are asking about what the economic term for any person who uses goods or services is, it is already included in your statement.

The person is a consumer as a consumer is the economic term for an entity that acquires goods and services whether freely or otherwise to use them for something be it personal or business in nature.

5 0
3 years ago
What will happen to the demand curve for tea workers if the price of tea​ increases, assuming all else​ equal? A. There will be
umka21 [38]

Answer:

Option (A) is correct.

Explanation:

If there is an increase in the price of tea then as a result this will increase the demand for tea workers. As the producers of tea wants to increase their output level so that they can earn higher profits in terms of higher tea prices. Hence, there is a need to employ more tea workers for increasing the production volume which will increase the demand for workers and shift the demand curve of tea workers rightwards.

8 0
3 years ago
Consider the market demand for peanut butter.Complete the following table by indicating whether an event will cause a movement a
EleoNora [17]

Answer:

A change in the expectations of consumers about prices - a shift of the demand curve for peanut butter

A decrease in the price of peanut butter - a movement along the demand curve for peanut butter

A decrease in the number of consumers - a shift of the demand curve for peanut butter

Explanation:

Only a change in price of a product would lead to a movement along the demand curve for that product.

A decrease in the price of peanut butter would increase the quantity demanded for butter. This would lead to a movement down the demand curve.

A change in the expectations of consumers about prices can shift demand curve either to the left or right.

A decrease in the number of consumers would shift the demand curve to the left.

I hope my answer helps you

8 0
4 years ago
Would You Rather? Part: 7
grigory [225]
Owl
Spaghetti
Twilight
When so I could spend time with them before they do die
Stand up to one because I’m doing something right
5 0
3 years ago
Read 2 more answers
Other questions:
  • At the end of the fiscal year, the balance in Factory Overhead is small. The balance will be a.transferred to Work in Process b.
    10·1 answer
  • .Can competitors imitate FedEx’s approach in international markets and take market share away from the company? Why or why not?
    7·1 answer
  • Which of the following is a reason that we have various types of payment options?
    14·1 answer
  • Patty owes Samantha $5,000 under a contract for maid services that Samantha performed. Samantha owes her landlord, Alec, $6,000
    11·1 answer
  • In an​ economy, the​ working-age population is 300 million. Of this​ total, 240 million workers are employed. 9 million workers
    5·1 answer
  • In January 2021, Vega Corporation purchased a patent at a cost of $200,000. Legal and filing fees of $50,000 were paid to acquir
    12·1 answer
  • Grade 12
    11·1 answer
  • Teams of retired executives who help new entrepreneurs with everything from writing business plans to answering questions about
    5·1 answer
  • Suppose the current price of a pound of chicken is $3 per pound and the equilibrium price is $6 per pound. What takes place
    14·1 answer
  • In general, how do federal laws protect employee benefits?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!