Answer and Explanation:
According to the scenario, computation of the given data are as follow:-
We assume that
X = No. of children
Y = Standard type
Z = Executive type
So,
5x + 4y + 7z = 185.........(1)
3x + 2y + 5z = 115.........(2)
2x + 2y + 4z = 94
x + y + 2z = 47.........(3)
Equation (2) multiply by 2
6x + 4y + 10z = 230
From equation (1) to (2)
5x + 4y + 7z = 185
6x + 4y + 10z = 230
-x + 0 - 3z = -45
x + 3z = 45.......(4)
Equation (3) multiply by 4
4x + 4y + 8z = 188
From equation (1) to (3)
5x + 4y + 7z = 185
4x + 4y + 8z = 188
x + 0 - z = -3
- x + z = 3……(5)
From equation (5) to (4)
x + 3z = 45
-x + z = 3
4z = 48
Executive type = Z = 48 ÷ 4 = 12
Z = 12 in equation (5)
-x + 12 = 3
x = 9 (children type)
x=9, z=12 in equation 1
5x + 4y + 7z = 185
5 × 9 + 4 × y + 7 × 12=185
45 + 4 × y + 84 = 185
4y = 56 ÷ 4
Y= 14(Standard type)
Answer:
The answer is: full disclosure principle
Explanation:
Full disclosure principle in accounting refers to the requirement that businesses are supposed to provide all material information pertaining to their operations to the stakeholders of the business so as to facilitate better decision-making frameworks when evaluating the business.
The going concern principle is based on the assumption that the business will not cease operating in the foreseeable future. The matching principle requires that the expenses incurred in carrying out an economic activity are recorded in the same period as the revenues earned from that activity. The historical cost principle requires assets or liabilities to be recorded at their acquisition value.
Monetary policy is used to control the size of the money supply to stimulate or moderate business activity levels in the economy. in contrast, fiscal policy uses government spending and taxation to do the same.
<h3>What is monetary and fiscal policy?</h3>
Fiscal policy are the steps taken by the government to change the business levels in the economy. The tools of fiscal policy are taxes and government spending. Fiscal policy can be expansionary or contractionary.
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes. Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes
Monetary policy are policies taken by the central bank of a country to shift aggregate demand. The tools of monetary policy are open market operations, reserve requirement and discount rate.
Expansionary monetary policy are polices taken in order to increase money supply. Contractionary monetary policy are policies taken to reduce money supply.
To learn more about monetary policy, please check: brainly.com/question/3817564
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<span>Return on equity = 11.28 percent = 11.28/100 = 0.1128
debt-equity ratio =1.03
total asset turnover = 0.87
return on assets = ?
we can find return on assets by using the formula
= return on equity / (1 + debt equity ratio)
= 0.1128 / (1 + 1.03)
= 0.1128 / 2.03
= 0.0556 = 0.0556 x 100 = 5.56%
So, the return on assets is 5.56%</span>