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solniwko [45]
3 years ago
11

Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 8,700 Less: Cost of goods sold 7,340 Less: Depreciation 405 Ea

rnings before interest and taxes $ 955 Less: Interest paid 82 Taxable Income $ 873 Less: Taxes 306 Net income $ 567 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 2010 Cash $ 150 $ 185 Accounts payable $ 1,180 $ 1,260 Accounts rec. 920 730 Long-term debt 1,000 1,265 Inventory 1,520 1,550 Common stock $ 3,210 $ 2,900 Total $ 2,590 $ 2,465 Retained earnings 460 710 Net fixed assets 3,260 3,670 Total assets $ 5,850 $ 6,135 Total liab. & equity $ 5,850 $ 6,135 What is the return on equity for 2010?
Business
1 answer:
KatRina [158]3 years ago
3 0

Answer:

return on equity: 15.58%

Explanation:

return on equity:

\frac{net \: income }{average\: equity}

where:

average equity is:

$$(beginning equity + ending equity) \div 2

Equity 2009:

2,900 + 710 = 3,610

Equity 2010:

3,210 + 460 = 3,670

Average: (3,610 + 3,670)/2 = 3,640

567 / 3,640 = 15.58%

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Answer:

Exposure Bias

Explanation:

Basically, exposure bias states that consumer are more likely to buy brands which have higher brand recognition than new companies with no name recognition.

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3 years ago
What is the simplified base for the function f(x) = 2(3/272x)?
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The answer to this is C
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3 years ago
HELPPP
ZanzabumX [31]

Answer: self-serve food ordering

Explanation:

<u>Self-service kiosks or self-ordering kiosks</u> are customer-facing devices that allow customers to place orders and make payments <u>without the assistance of a cashier.</u>

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2 years ago
The manufacturing cost of the widgets your company makes has dropped by 50%. One of your customers, Sam, tells you he knows this
olga_2 [115]

Based on the above scenario, the answer is No. I would not tell Sue, because  manufacturing cost falls under business's internal factors that tends to affect firm's  profitability.

<h3>What is discount?</h3>

Others are:

  • Also note that if i tell her,  my actions will be found to be ethically incorrect.

The term discount is known to be an act or process where a price of product or services are  reduced prices to a price lower than the exact sum of that item.

Note that Based on the above scenario, the answer is No. I would not tell Sue, because  manufacturing cost falls under business's internal factors that tends to affect firm's  profitability.

Learn more about discount from

brainly.com/question/1548141

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4 0
2 years ago
Kreter, Inc. earned net income of $300,000 last year. This year it wants to earn net income of $450,000. The company's fixed cos
Minchanka [31]

Answer:

sales is $2,500,000

Explanation:

The target sales for the company to achieve a net income of $450,000 in the current year equals the net income plus variable cost plus the fixed costs.

To understand this better,let us use the net income formula:

net income=sales-variable costs-fixed costs

by changing the subject of the formula,we the formula for sales:

sales=net income+variable costs+fixed costs

variable costs=sales*70%=0.7 sales

sales=$450,000+$300,000+0.7 sales

sales-0.7 sales=$750,000

0.3 sales=$750,000

sales=$750,000/0.3=$2,500,000

8 0
3 years ago
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