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LiRa [457]
3 years ago
7

Taylor, Inc. has sales of $11,898, total assets of $9,315, and a debt-equity ratio of .55. If its return on equity is 14 percent

, what is its net income?
Business
1 answer:
inysia [295]3 years ago
3 0

Answer:

The net income amounts to  $841.31

Explanation:

The net income also recognized as the net earnings, which is defined as the residual earnings after all the expenses have been subtracted from the sales.

In other words, it is the gross income which is an intermediate earnings before all the expenses are involves and it is the final value of the profit or loss after the expenses.

The net income is computed as:

Net Income (NI) = [Total assets / (1 + debt equity ratio)]  ×  Return on equity (ROE)

= [$9,315 / (1 + 0.55)] × 0.14

= $6,009.6 × 0.14

= $841.31

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A. Simple random sample,  E. Stratified sample  F. Cluster Sample

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Probability sampling basically gives the population an equal chance of been selected as a representative sample.  

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Your client Joseph has a commercial income-producing property. How long does he depreciate this property?
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3 0
2 years ago
2. Winners and losers from free trade Consider the market for meekers in the imaginary economy of Meekertown. In the absence of
loris [4]

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In the absence of international trade, the domestic price of meekers is $40. Suppose that the world price of meekers is $39.

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If Meekertown allows free trade,then it will import meekers

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Meekertownian producers were worse off without free trade than they are with it.- FALSE

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