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aksik [14]
4 years ago
6

Sheridan, Inc., has net income of $15,300,000 on net sales of $450,000,000.The company has total assets of $125,000,000 and stoc

kholders’ equity of $40,000,000. Use the extended DuPont identity to find the return on assets and return on equity for the firm. (Round answers to 2 decimal places, e.g. 12.25 or 12.25%.)
Business
1 answer:
jasenka [17]4 years ago
8 0

Answer:

(a) 0.1224

(b) 0.3825

Explanation:

Given that,

Net income = $15,300,000

Net sales = $450,000,000

Total assets = $125,000,000

Stockholders’ equity = $40,000,000

(A) Return on assets:

= Net income ÷ Total assets

= $15,300,000 ÷ $125,000,000

= 0.1224

(b) Return on equity:

= Net income ÷ Stockholders’ equity

= $15,300,000 ÷ $40,000,000

= 0.3825

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Merton's Toothpaste has been the leader of dental care products for about 40 years. However, this company relied too long on its
Crank

Answer:

c) Core Rigidity

Explanation:

Core rigidity is the just like the opposite of a company's competency. Core Rigidity is caused by over reliance on success. As a firm relaxes on it's advantages or present success without looking for ways to improve, it's competitors are out there looking for ways to get better thereby having a greater competitive advantage.

For example here, Merton's toothpaste case here is of core rigidity because they rested on their competency for too long without sourcing for ways to improve while other personal hygiene companies improved and gained a great competitive advantage over Merton's Toothpaste.

7 0
3 years ago
Read 2 more answers
Which of the choices describes how the effects of import tariffs and import quotas are different? The domestic cost of an import
tatuchka [14]

Answer:

Quotas do not affect the equilibrium price, whereas tariffs do not affect the equilibrium quantity.

Explanation:

The import tariff decreases the import quality from AD to CB and increases the price of the good from P to P*. The import restricting effect and consumption effect is same for quotas and tariff. So, the deadweight loss from  them is the same from quotas and tariff (HIJ and GEF).

Please observe the image attached.

However, tariff enables the government to increase their revenue from the imports while import quotas precludes such revenue (GEHI). Thus, the cost tariff is lower than the import quotas imposed.

3 0
3 years ago
Sub Sandwiches of America made the following expenditures related to its restaurant.
galina1969 [7]

Answer:

1. Heating Equipment

2. Premises

3. Maintenance Expense

4. Prepaid Insurance

5. Intangible Asset ; Logo

6. Premises

Explanation:

1. Replacement of heating equipment is substantial hence it is capitalized to the Heating Equipment Account.

2. The project is capitalized to the Premises Account as it form part of premises.

3. Annual Building maintenance is a revenue expenditure not capitalized.

4. An Asset Insurance Prepaid for future economic benefits to be realized is recognized.

5. The new sign would result in inflow of economic benefit and is non-tangible hence Intangible Asset is recognized.

6. Work done is capitalized in the Premises Account

3 0
3 years ago
Can someone answer this question please please I don’t know how to do it and it’s to tonight please
aalyn [17]

Answer:

1) 5

2) 2

3) 3

4) 3

5) 4

6) 18

7) 8

8) 16

9) 10

10) 33

Explanation:

1) 10/2 = 5

2) 4/2 = 2

3) 6/2 = 3

4) 9/3 = 3

5) 12/2 = 6, 24/6 = 4

6) 6/2 = 3, 6*3 = 18

7) 16/4 = 4, 32/4 = 8

8) 32/8 = 4, 4*4 = 16

9) 20/2 = 10, 1*10 = 10

10) 22/2 = 11, 11*3 = 33

<h2>HOPE THIS HELPS! CAN I GET BRAINLIEST PLEASE? THANKS! </h2>
3 0
3 years ago
Peter heads the communications department of Xenon Inc. He shows concern for the personal needs of his followers and helps them
Vitek1552 [10]

Answer:

a supportive leader

Explanation:

A supportive leader is a leader who is able to identify changes and assistance that are needed to promote the well-being of his team members and timely resolve all unnecessary issues with the aim of delivering a high standard of performance.

A supportive leader is usually kind, friendly, and concerned about the personal needs and welfare of his followers. He also leaves his door open to be approached by many people for advice and help, and also inspires them perform tasks assigned to them with enthusiasm.

Therefore, Peter's behavior implies that he is most likely <u>a supportive leader</u>.

5 0
3 years ago
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