If a company purchased $5,691 in fixed assets, the other company sold them $5,691 in fixed assets. Regardless of taxes, they still sold and purchased the same amount of fixed assets. Now, if the $5,691 includes taxes and we are not wanting to use that as a number for sales purposes then the company sold $4,375 because when taxed at 30% the total is $5,691. A fixed asset is an item that is purchased for long-term use such as land, buildings and equipment.
The return on assets for Cruz Company with a total revenue of $80,175 and total expenses of $50,000, given average assets of $425,000 is 7.1%.
Return on Assets = Net Income/Average Assets x 100
= $30,175/$425,000 x 100
= 7.1%
- The return on assets indicates the profitability of Cruz Company relative to its assets. It is expressed as a percentage by dividing the Net Income with the Average Assets, then multiplied by 100.
Data and Calculations:
Revenue = $80,175
Expenses = $50,000
Net income = $30,175
Assets:
Beginning balance = $400,000
Ending balance = $450,000
Average assets = $425,000 ($400,000 + $450,000)/2
Thus, the return on assets equals 7.1% for the year.
Learn more about the return on assets at brainly.com/question/20114227
Motivation. Theory X<span> assumes that people dislike work; they want to avoid it and do not want to take responsibility.</span>Theory<span> Y assumes that people are self-motivated, and thrive on responsibility.</span>
Answer: It will take Nico approximately 12 years
Explanation:
Payments = $40000
r = 12%
Future Value = 1000 000
Future Value annuity = Payments((1 + r)^n - 1)/r
1000000 = 40000((1 + 0.12)^n - 1)/0.12
40000((1.12)^n - 1) = 1000000 x 0.12
(1.12)^n -1 = 120000/40000
(1.12)^n = 3 + 1
nlog(1.12) = log(4)
n = log(1.12)/log(4) = 12.232510748
n ≈ 12 years
It will take Nico approximately 12 years
Answer:
Consumers behave rationally, attempting to maximize their satisfaction.
Explanation:
The principle assumption upon which the theory of consumer behavior and demand is built is:
A consumer attempt to allocate their limited money income among available goods and services so as to maximize their utility (satisfaction).
Utility is described as an amount of satisfaction derived from the consumption of a commodity. Measurement units is utils.
Assume that consumers have complete information about availability, prices and utility levels of all goods and services. All bundles of goods can be ranked based on their ability to provide utility.
The theory is useful for understanding the demand side of the market.
