Answer:
a. 0.557 times
b. 8.72%
c. 0.16
Explanation:
a. Asset turnover = Net sales ÷ Average total assets
We will calculate the average total asset first
Average total asset = [Beginning total assets - ending total assets)] / 2
= [(930.9 + 920.1)] / 2
= 925.5
Asset turnover = 515.7/925.5
= 0.557 times
b. Return on assets = Net income/Average total assets
= 80.7/925.5
= 0.087196
= 0.087196 × 100
= 8.72%
c. Profit margin on sales = Net income/Net sales
= 80.7/515.7
= 0.16
refuse to exert due diligence to cause the contingency to be satisfied within the time specified in the contract.
<h3>What is
contract?</h3>
A contract is a legally binding agreement that establishes, defines, and governs the mutual rights and obligations of its parties. A contract usually involves the exchange of goods, services, or money, or the promise to exchange any of these at a later date.
The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
A contract for difference (CFD) is a contract between a buyer and a seller in which the buyer agrees to pay the seller the difference between the current value of an asset and its value at the time of the contract.
To know more about contract follow the link:
brainly.com/question/984979
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Answer:
$44,325.
Explanation:
In this question we use the future value formula which is shown below:
Future value = Present value × (1 + interest rate)^number of years
= $22,500 × (1 + 0.07)^10
= $22,500 × 1.97
= $44,325
We simply applied the future value by considering the present value, interest rate and the number of years
Answer:
oversight.
Explanation:
Oversight can be defined as an unintentional failure to notice a mistake or error, or an unintentional failure to act upon an event caused by an error.
Both the FED and the SEC should have noticed that the financial system was in a really bad shape way before Bear Stearns and Lehman Brothers collapsed, or AIG (and others) needed a huge bailout. Apparently both the FED and SEC were all too optimistic about the market and their optimism blinded them. As always the consequences of negligent public servants were paid mostly by the average taxpayer.
