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Rzqust [24]
4 years ago
15

The newspaper reported last week that Bennington Enterprises earned $34.08 million this year. The report also stated that the fi

rm’s return on equity is 17 percent. The firm retains 75 percent of its earnings. What is the firm's earnings growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) What will next year's earnings be? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.)
Business
1 answer:
sweet-ann [11.9K]4 years ago
5 0

Answer:

Consider the following calculation.

Explanation:

Sustainable growth rate =(Retention rate*Return on equity)

=(0.75*0.17)=.1275

=12.75%

Next year earnings =$34.08 million *112.75%

=$38.4252 million

=$384,25,200 .

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What are examples of career fields Skills USA prepares students for? Check all that apply.
MissTica

Answer:

Health

Education

Information technology

Agriculture

Manufacturing

Explanation:

First let's define a career field skills:

A career field skills is an extra skill or a transferable skill which one can develop on his journey of life in such a way that one can be self employed with it.

Health skills

Education skills

Information technology skills

Agriculture skills

Manufacturing skills

The above mentioned skills are example of career fields Skills USA prepares students for so that they can earn even without working for anyone.

6 0
4 years ago
A customer places an order on January 1, 2019. Fifteen days later, that order is received by the manufacturing department. Twent
denis-greek [22]

Answer: 75 days

Explanation:

The total customer-response time (CRT), will be calculated as:

Order received by the manufacturing department = 15 days

Add: Order put into production = 20 days

Add: Processing time = 25 days

Add: Shipping Time = 15 days

Total customer response time = 75 days

6 0
3 years ago
Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be ______
Alex

Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be _<u>higher</u><u>_</u>and real GDP to be <u>higher.</u>

<h3>
What is Expansionary fiscal policy ?</h3>

Expansionary fiscal policy can be defined as the type of fiscal policy in which government intend to increase the aggregate money supply while on the other hand cut or reduce the tax rate for the purpose of economy growth.

In a situation were real GDP fall below potential real GDP this tend to lead to increase in both inflation rate and real GDP.

Inconclusion the inflation rate will be _<u>higher</u><u>_</u>and real GDP will be <u>higher.</u>

<h3 />

Learn more about Expansionary fiscal policy here:brainly.com/question/546292?source=archive

3 0
2 years ago
Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $954,
stiv31 [10]

Answer:

Instructions are listed below

Explanation:

An income statement is one of the three important financial statements used for reporting a company's financial performance over a specific accounting period. The income statement focuses on the four key items - revenue, expenses, gains, and losses. It does not cover receipts (money received by the business) or the cash payments/disbursements (money paid by the business).

It follows the general structures:

Revenues (+)

Operating Revenue

Non-Operating Revenue

Total

Expenses (-)

Primary Activity Expenses

Secondary Activity Expenses

Total

Gains (+)

Losses (-)

Net income/loss

In this exercise:

Total revenues=$954210

Expenses:

Office expense 219470

Miscellaneous expense 19085

Wages expense 458020

Total Expenses=$696575

Net profit= $275635

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