Answer:
The correct answer is : entails the exchange of goods for goods
Explanation:
This system is about a way of exchanging things where the participants involved exchange goods or services without the use of a medium for doing it. It happens between two or more parties without the use of money. It is known as the oldest form of commerce.
Sales = $23.8 million
Total equity = $31.3 million
Total debt = $16.7 million
Profit margin = 8% = 0.08
Return of assets = ?
First we calculate the total assets:
Total assets = Total debt + Total equity
= $16.7 million
+ $31.3 million = $48 million
Now find net income by using this formula:
Profit margin = Net income / Sales
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Net income = Profit Margin × Sales
= 0.08 x 23,800,000 = $1,904,000
Now calculate Return of assets:
Return on assets = Net income / Total assets
=$1,904,000 / 48,000,000
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Return on assets = 3.967%
Answer:
External Decision Making
Explanation:
Accounting Information refers to economic information about the true state of an organisation and the end purpose of an accounting information is to provide relevant, dependable and timely information that can aid users of the information in decision making.
However, every accounting information created, is created with specific users in mind. Defining the users whether internal (management) or external (shareholders, potential investors, government among others) determines the information to include.
For instance, for a manufacturing organisation, information provided for external users will not contain details on issues including adherence to pre-determined standards, it will contain majorly information on the profitability of the business. Such information cannot be used by the managers of the company for monitoring and control functions because it does not contain the specifics of production input, output and then detailed variances from standard set.
Therefore, when managers attempt to use external users' accounting information for decision making it leads to a serious problem of not been detailed enough for such a purpose.
Answer:
Yes.
Explanation:
Yes, the Solomon and Flores form of trust exist in business if bluffing is an accepted rule of business negotiation because bluffing is acceptable in the business. If bluffing is an accepted rule of business negotiation then there is no trust formed between Solomon and Flores and the reason for this is that bluffing is a bad act which makes relationship worse between the partners but in this case trust exist in business due to the rule of bluffing.
Answer:
The correct answer is option b.
Explanation:
National saving is the portion of total income which is left after consumption and government spending. It is the sum of total private saving and public saving.
It is that portion of national income or GDP which is not consumed by the public and spent by the government.
It can be expressed as:
National saving = Y - C - G