The United States has issued a variety of currency notes for use in paying income tax, making investments, and making purchases from colonial to current times. Alexander Hamilton establishes the Bank of the United States in order to create a system of credit for the government.
<h3>What does an increase in labor efficiency mean?</h3>
favorable change If the labor efficiency variance is in the company's favor, it means that the workforce is operating as it should and that the number of hours it spends producing is in line with the business's planned criteria.
<h3>What do the symbols on Continental currency designs represent?</h3>
In a number of designs of Continental Currency, the thirteen colonies that battled and vanquished Great Britain during the American Revolution are shown. These representations represent the aspirations and virtues of the colonies.
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<u>Solution and Explanation:</u>
Answer a The following formula will be used to calculate the return on the equity.
Return on equity = Net income divide by Average equity
The return on equity is equal to Thus, return on equity is equal to 44.82% Answer b Correct answer is the option: ROE usually increases since the repurchase of shares reduces the denominator (avg. stockholders' equity)
Answer c Correct answer is the option: Companies repurchase their own stock if they feel it undervalued by the market.
Answer:
15%
Explanation:
Required rate of return = Net operating income other than income others / Average operating assets
Required Rate of Return = $90,000/$600,000
Required Rate of Return = 0.15
Required Rate of Return = 15%
Thus, the company's required rate of return is 15%
<u>Workings</u>
Return on Investment = Net Profit/Total investments*100
Net income = Return on investment*Total Investments
Net income = $600,000 * 22%
Net income = $132,000
Thus, Net Operating income = Net income - Residual income = $132,000 - $42,000 = $90,000.
Answer:
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a.
(A) Cash +4,940
(L) Notes payable (short-term) +4,940
b.
(A) Cash +5,630
(S) Common Stock +5,630
c.
(A) Cash -1,200
(A) Equipment +3,000
(L) Notes payable (short-term) +1,800
d.
(A) Cash -1,300
(A) Supplies +1,300
e.
(A) Supplies +1,700
(L) Accounts payable +1,700
Explanation:
(A) = Assets
(L) = Liabilities
(S) = Stockholders' Equity
(A) = (L) + (S)
Transaction a.
(A) Cash +4,940
(L) Notes payable (short-term) +4,940
Transaction b.
(A) Cash +5,630
(S) Common Stock +5,630
Transaction c.
(A) Cash -1,200
(A) Equipment +3,000
(L) Notes payable (short-term) +1,800
Transaction d.
(A) Cash -1,300
(A) Supplies +1,300
Transaction e.
(A) Supplies +1,700
(L) Accounts payable +1,700
Answer:
The main advantage resulting from a premium pricing strategy is the higher profits. Another advantage is that customers that purchase premium products seek higher quality and tend to show higher brand loyalty associated with the status of using premium products. The disadvantages of premium pricing are that it cannot be applied to all products, the marketing efforts tend to be more specific, and therefore, represent a higher percentage of sales, and finally, not everyone is willing to pay premium prices.