Answer: 16.9697%
Explanation:
Sales = $165 million
Assets in beginning of year = $280 million
Assets return on start of the year = 10%
Operating Profit = 28
= 16.9697%
Answer:
$22,671
Explanation:
The calculation of the cash flow for the year one is as follows:
Given amount $25,000
Less: Depreciation -$18,150
Earning before income and taxes $6,850
Less: Income tax expense -$2,329 ($6,850 × 34%)
Earning after taxes $4,521
Add: Depreciation expense $18,150
Annual cash flow $22,671
The depreciation expense is computed below:
= $55,000 × 33%
= $18,150
So you are more experienced when making future investments, you have more positive spending habits and can afford things other may not be able to at that age.
The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>
<h3>What do you mean by elastic demand?</h3>
When the price of a product has a massive effect on the quantity purchased is called Elastic demand. A product is stated to have an elastic demand if sales drop sharply in reaction to a growth in price, or sales spike whilst prices are decreased.
Thus, The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>
Learn more about elastic demand:
brainly.com/question/5078326
#SPJ1
Answer:
Option (B) is correct.
Explanation:
Wendell's total stockholders' equity increase during the recent year of operation:
= Issued common stock - Cash dividend declared + Net Income - Stock dividend distributed + Sale of treasury stock below cost
= $50,000 - $20,000 + $70,000 - $23,000 + $7,000
= $84,000
Therefore, Wendell's total stockholders' equity increase by $84,000.
