Answer:
One typical example of this linkage between the economy at the macroeconomic level, and business decisions at the macroeconomic and microeconomic level, is what happened with Lehman Brothers in 2008.
Explanation:
Lehman Brothers was one of the main investment banks in the United States. During the years prior to the financial crisis, Lehman Brothers decided to pursue a risky but profitable strategy of over leveraging -lending a lot more money than they had as deposits.
Once the financial crisis hit, a macroeconomic event, it affected the company at the macro and micro level. At the macro level because Lehman Brothers itself ceased to exist as it went bankrupt, and at the micro level, because it had to enter a process to pay off some debtors, and some of the employees who were laid off due to the dissolution of the firm.
Answer:
ROA = 0.08 or 8%
Asset turnover = 2.4
Profit Margin = 0.033 OR 3.3%
Explanation:
All of the above requirements can be calculated as follows according to their formula
Working
Average asset = (Assets at beginning + assets at end )/ 2
Average assets = (4025 + 4970 )/ 2
Average assets = $4497.5
Requirement A. Return on assets
ROA = Net Income / Average assets
ROA = $359.8 / $4497.5(w)
ROA = 0.08 or 8%
Requirement 2 Asset turnover
Asset turnover = Net Sales / Average assets
Asset turnover = $10,794 / $4497.5
Asset turnover = 2.4
Requirement 3 Profit Margin
Profit margin = Net income / Net sales
Profit margin = $359.8/$10,794
Profit Margin = 0.033 OR 3.3%
The correct answer to this open question is the following.
Explain the HIPP of the primary sources below source: "letter written by John Rolfe."
"H" stands for Historical context. John Rolf was an important component in the foundation and success of the Jamestown, Virginia colony, in the North American territory. In the letter, he explains the Governor of the colony, Thomas Dale, his reasons to marry Pocahontas, a Native American Indian woman.
"I" stands for the Intended audience. The Governor of Jamestown, Virginia colony, Thomas Dale. The intention of John Rolfe was to clearly explain his motives, trying to maintain his intact reputation before the people of Jamestown.
"P" stands for Purpose. Rolfe wanted the approval of the Governor, knowing that in those years, Native American Indians were considered savages that first needed to be converted to the Christian religion to be accepted in the colonial society.
"P" stands for Point of view. In this part, we have to understand the point the author is trying to convey. In this case, John Rolfe, an English man, and an important figure that brought the toc¿bacco seed from the Caribbean Islands to grow tobacco crops in Jamestown and made tobacco the king of crops in Virginia wanted to justify his actions but not wanted to compromise his position before the Jamestown society.
Answer:
the direct material quantity variance is $5,000 favorable
Explanation:
The computation of the direct material quantity variance is shown below:
Direct material quantity variance is
= (Actual quantity - standard quantity) × standard price
= (9,200 pounds - 5,100 units × 2 pounds) × $5 per pound
= (9,200 pounds - 10,200 pounds) × $5 per pound
= $5,000 favorable
hence, the direct material quantity variance is $5,000 favorable
