Well, you just need to find it using this formula :
5,000 x [100 % - (3% x 91/365)]
= 5,000 x [ 100 % - 0.007479]
= 5,000 x 99.992521
= $ 4,962.50 >>> rounded
Hope this help
Answer:
LeCompte Corp.
The profit margin that LeCompte Corp. would need in order to achieve the 15% ROE, holding everything else constant is:
A) 7.57%.
Explanation:
a) Data and Calculations:
Assets = $312,900
Common Equity = Assets = $312,900
Sales for the last year = $620,000
Net income after taxes = $24,655
Expected return on equity (ROE) = 15%
ROE (in amount) = $312,900 * 15% = $46,935
Profit margin = Returns on Equity/ Sales * 100
= $46,935/$620,000 * 100
= 7.57%
b) The expected returns on equity in dollars is equal to the net income. Therefore, we can use the ROE to calculate the profit margin. The profit margin expresses the relationship between sales and profit. It shows the profit made from each dollar sales.
An illustration of scanning the political environment is determining if a government is stable or unstable.
The political environment describes variables that affect businesses that are external to the corporation and have to do with a nation's government or public affairs. Here, the term "government" is used broadly. It can be used to refer to the federal government, state governments, local governments, government agencies, and independent government organisations like Bank Indonesia and the Financial Services Authority. Transnational organisations like the World Trade Organization, IMF, and World Bank can also be included in this group under rare circumstances. In a more general sense, the term also refers to various organisations that are in charge of enacting laws and regulations. Risks might be very high when the political environment changes. They might put the business's plan at danger. Examples include conflict, unrest in politics, and corruption.
Learn more about political environment here
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