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
klio [65]
3 years ago
11

Precision Aviation had a profit margin of 7.00%, a total assets turnover of 1.4, and an equity multiplier of 1.8. What was the f

irm's ROE?
Business
1 answer:
Novosadov [1.4K]3 years ago
7 0

Answer:

17.64%

Explanation:

Precision aviation has a profit margin of 7%

The total assets turnover is 1.4

The equity multiplier is 1.8

Therefore the ROE can be calculated as follows

= Total assets turnover × equity multiplier × profit margin

= 1.4 × 1.8 × 7

= 17.64%

Hence the ROE is 17.64%

You might be interested in
Toys Unlimited has the following cost data available. Direct Materials are $99 per unit. Direct Labor is $55 per unit. Variable
r-ruslan [8.4K]

Answer:

c. $229

Explanation:

To compute the total absorption cost per unit we do the following,

Absorption of fixed costs = Fixed costs / units produced

Absorption cost = 200,000 / 4000 = $50/unit

Total cost of each individual unit = 99 + 55 + 25 + 50 = $229

This includes direct material, direct labor, manufacturing overhead and the fixed absorption cost.

With absorption costing we take all the goods produced in a period as denominator for the Fixed costs.

Hope that helps.

5 0
3 years ago
What are the various product line decision, and when do marketing managers make each of these decisions? What is the meaning of
Lana71 [14]

Answer:

They are something to do with car and lines in traffic

Explanation:

:))) Your welcome

5 0
3 years ago
True or False: Computing interest using the sum-of-the-digits method allocates more interest at the beginning of a loan than at
Serhud [2]

Answer:

True

Explanation:

To illustrate how the sum-of-the-digits method allocates interest we can use a lease example:

You are the lessor and you will lease a machine during 4 years. The lease requires 4 equal payments of $100,000 at the beginning of the year. After the lease, the asset's salvage value = $0.

The asset's current value = $300,000, so total interests received = $100,000

Using the sum-of-the-digits method, you will allocate interest as follows:

  • year 1 = 3/6 x $100,000 = $50,000
  • year 2 = 2/6 x $100,000 = $33,333
  • year 3 = 1/6 x $100,000 = $17,000

The largest portion of interests is allocated during the beginning of the loan.

5 0
3 years ago
.According to supply-side fiscal policy, reducing tax rates on wages and profits will:
sergejj [24]

Answer:

The answer is C.

Explanation:

Reducing tax rate according to supply - side policy creates demand pull inflation.

Demand pull inflation is a situation whereby people have more buying power due to the availability of cash thereby leading to high demand and consequentially leading to an increase in the price of goods and services by suppliers.

That is the process where demand outplays supply due  to the high purchasing power thereby causing price to increase which is the demand pull inflation effect.

6 0
3 years ago
a consumers goal in buying a good or service is to get the most out of his or her income, or to maximize total utility. this is
PilotLPTM [1.2K]
Surving in the new age world
3 0
3 years ago
Other questions:
  • Pineapple International uses a job order costing system. Pineapple's accounting manager estimated that direct labor would be $2,
    6·1 answer
  • Why did many business owners want very little interference from the government?
    11·1 answer
  • The following data reflects the number of defects produced on a assembly line at the Deerfield electronics company for the past
    10·1 answer
  • Using account analysis, what type of cost is the fee the airline company charges for your bags assuming a typical policy is $25
    8·1 answer
  • Identical products, as well as a large number of buyers and sellers, are characteristics of a market. In such markets, sellers o
    5·1 answer
  • This allows individuals to own their creativity and innovation in a way similar to owning physical property.
    7·1 answer
  • Present Value of an Annuity of 1 Periods 8% 9% 10% 1 .926 .917 .909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 A company has a mini
    14·1 answer
  • 1. Descriptive statistics ________. quickly describe large amounts of data can predict future stock returns with surprising accu
    12·1 answer
  • Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year: Wag
    5·2 answers
  • What is the primary cause of failure for strategic initiatives?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!