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
Agata [3.3K]
4 years ago
7

Polly Esther Dress 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 times 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:
likoan [24]4 years ago
6 0

Answer:

This question requires us to calculate net income and return on assets for the year.

Net income

As sales and profit margin on sales is given so net income can be calculated as follow.

Net income = sales * profit margin

Net income = 837,900 * 8% = $ 71,832

Return on investment

To calculate return on asset we first have to find total asset. Total assets can be calculated as follow.

Asset turnover ratio= Sales/ Asset

Asset = 837,900/1.9 = $ 441,000

Return on asset = 71,832/441,000 = 16.29%

 

You might be interested in
12​stimulation is in the ____________ part of schwartz’s model.
Rom4ik [11]
The correct answer that would best complete the given statement above would be OPENNESS TO CHANGE. Stimulation is in the openness to change part of the Schwart'z model. Other choices of this given question which you might have missed include conservation, self-enhancement and self-transcendence. Hope this answer helps.
8 0
3 years ago
How, other than by adjusting​ price, do firms in monopolistic competition​ compete? Other than by adjusting​ price, the two main
irakobra [83]

Answer:

Product development; Advertising.

3 0
3 years ago
Although today’s Modern economy looks much different compared to our earlier Colonial and Civil War-era economies, what similari
Sergio039 [100]

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

Although today’s Modern economy looks much different compared to our earlier Colonial and Civil War-era economies, the similarities I still see in terms of trade partners, use of environmental resources, government regulation, and type of goods/products sold are the following.

Businesses are still business no matter the time in history. They are created to make profits.

Businessmen are greedy most of the time, like in the past. Any other consideration that does not directly affect the balance sheet or the bottom line, is not considered a priority and takes the back seat when business decisions are made.

This can be shown in politics, in the economy, and in business. Of course, this can be seen in trade and in foreign affairs.

Social costs should be important but are more on the side of the ethics of the managers or leaders of the organizations. And ethics and moral values are not a prominent thing to be considered in the decision-making process of modern corporations.

To this day, businesses are driven by money, power, and control, and these have been teh causes of major differences between companies, states, individuals, and countries.

6 0
3 years ago
Preston, Inc., manufactures wooden shelving units for collecting and sorting mail. The company expects to produce 300 units in J
ZanzabumX [31]

Answer:

Direct material purchase budget for July and August= <u> $10634</u>

Explanation:

T<em>he material purchases budget is determined by adding the the closing stock of materials to the material usage budget and subtracting the opening inventory of materials.</em>

<em>Material purchase budget= Material usage budget + closing inventory - opening inventory</em>

Material budget=

                                               Unit

July  =           300×12       = 3600

August  =       360  ×   12 = <u>4320 </u>                

                                             7920

Closing inventory                 <u>260</u>

                                              8180

cost per unit                        <u>    × $1.30</u>

                                          <u> $10634</u>

Direct material purchase budget for July and August= <u> </u><u>$10634</u>

4 0
4 years ago
Groups transform individuals into functioning organizational members communicating and enforcing ______ expectations.
Lady_Fox [76]
<span>Role Role expectations is what we are expected to do based on certain assigned role. This is taken from the social and psychological concept of Role Theory. Which says each thing we do is according to specific roles that have already been carved out and we act out according to the expectations of such role for example the duties and obligations of a wife to a husband or that of a father to his children</span>
4 0
3 years ago
Other questions:
  • An ad agency creates two ads for a particular car. one stresses the car's safety and gas mileage; the other simply shows how fun
    6·1 answer
  • Becky's daughter early fall, her daughter tried onher soccer cleats from the spring and, although they were still in good shape,
    13·1 answer
  • The calculation of diluted earnings per share assumes that stock options were exercised and that the proceeds were used to buy t
    14·1 answer
  • Sometimes stores have sales that limit the quantity you can purchase at the sale price. if you buy more than the limit, you pay
    12·1 answer
  • SweetTooth Candies is a U.S.-based company that manufactures and distributes candy bars and snack foods globally. The company so
    14·1 answer
  • A textile artist can buy fabric, thread, and batting, create an heirloom quilt, and then sell the finished work to customers in
    14·1 answer
  • The difference between earned income and costs is<br><br>​
    6·1 answer
  • (a) For each of the following payment schemes, choose which is better at an interest rate of 5%
    5·1 answer
  • Swifty Company took a physical inventory on December 31 and determined that goods costing $170,000 were on hand. Not included in
    9·1 answer
  • Fly High Inc. intends to invest in a new airplane. Information regarding the investment in the airplane is given below: Project
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!