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mina [271]
3 years ago
8

GoodTimes, Inc. has asset turnover of 0.5 times, a net profit margin of 10% and average total assets of $100, what is its net in

come (assuming no unusual items)?
Business
1 answer:
adelina 88 [10]3 years ago
6 0

Answer:

$5

Explanation:

Given that,

Asset turnover ratio = 0.5 times

Net profit margin = 10 percent

Average total assets = $100

Asset turnover ratio = sales ÷ Total asset

0.5 = sales ÷ $100

sales = $50

Profit margin = Net income ÷ sales

0.10 = Net income ÷ $50

Net income = $5

Therefore, the net income of GoodTimes, Inc. is $5.

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kvv77 [185]

The three functions of business which MIS infrastructure supports includes;

1. Support information change.

2. Business continuity planning.

3. Change.

MIS means that Management Information System. There are MIS infrastructure components which are sustainable.

For example, Virtualization, Grid computing, and cloud computing.

7 0
3 years ago
Read 2 more answers
Are unemployment taxes based on wages of an employers payment history?
Eddi Din [679]
No.hard or long process to receive unemployment benefits, in Illinois, it takes up 2 8 weeks to receive benefits..mostly they judge unimploy. on hours worked for that year 2 date.
6 0
3 years ago
Ivanhoe, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined
Setler79 [48]

Answer:

The pension expense for 2021 = $543,500

Explanation:

Service cost = $523,000

Amortization of prior service cost = $113,000

Settlement rate = 11%

Projected benefit obligation = $1,450,000

Accumulated benefit obligation = $3,600,000

Note: The necessary calculations are in the table attached as a file to this solution.

4 0
3 years ago
A firm has three different production​ facilities, all of which produce the same product. While reviewing the​ firm's cost​ data
kakasveta [241]

Answer:

Joshua statement is correct.

Explanation:

Marginal cost:

Is the cost of producing a new unit.

Average Cost:

\frac{Fixed Cost + Variable Cost}{UnitsProduced} = $Average Cost

\frac{Fixed Cost}{UnitsProduced} + $Variable Cost Per Unit= Average Cost

If the marginal cost of this plant is lower than their other plants, it can decrease his average cost by increasing the amount produced.

This increase in production decrease the impact of the fixed cost in the unit price. At more production the average cost will decrease. Because the variable cost keeps at the same value but the fixed cost per unit decrease.

3 0
3 years ago
"Dubas Co. is a U.S.-based MNC that has a subsidiary in Germany and another subsidiary in Austria. Both subsidiaries frequently
OverLord2011 [107]

Answer:

$525,000

Explanation:

The computation of the net inflow or outflow is shown below:

= Total outflow - total inflow

where,

Total outflow = ∈2,000,000 × $1.05 = $2,100,000

Total inflow =  ∈1,500,000 × $1.05 = $1,575,000

Now put these values to the above formula  

So, the value would equal to

= $2,100,000 - $1,575,000

= $525,000

This amount shows a net outflow as total outflow is greater than the total inflow.

3 0
3 years ago
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