Answer:
expressing thanks for a gift, sending thanks for a favor, extending thanks for hospitality, and recognizing employees for their contribution, to answer a congratulatory note.
Answer:D Expansion
Explanation:
Economics Definition of Expansion is: It is a period of economic growth as measured by a rise in real GDP.
Answer:
Net working capital is increased by $0.4 million during the year
Explanation:
Net working capital is the net value of current assets and current liabilities for the period. The change in cash during the period also affects the working capital.
First we need to calculate the operating cash flows
Operating cash flow = Aftertax income + Depreciation Expense
Operating cash flow = $1.2 million + $0.4 million
Operating cash flow = $1.6 million
The change in working capital can be calculated as follow
Change in working capital = Operating cash flow - Total cash flow
Change in working capital = $1.6 million - $1.2 million
Change in working capital = $0.4 million
Hence The networking capital is increased by $0.4 million ( assuming there is no change in current liabilities )
Answer:
Cost of goods sold
Explanation:
The cost of goods sold is the cost that is directly incurred for producing the goods that are sold by the organization
Here the formula to compute the cost of goods sold is
Cost of goods sold = beginning balance of raw material + purchase made during the year - ending balance of raw material
Therefore the cost of goods sold is the right answer
Answer:
ROE - 20.8%
ROA - 9.88%
RNOA - 20.33%
Explanation:
ROE = Net income / Average shareholder equity
Average shareholder equity = 48,633 + 46,878 / 2 = 47,770.50
ROE = 9,938 / 47,770.50
ROE = 20.8%
ROA = Net Income / Average Total Assets
Average total assets = 110,903 + 90,266 / 2 = 100,584.50
ROA = 9,938 / 100,584.50
ROA = 9.88%
RNOA = NOPAT / Average net Operating Assets
Average net Operating Assets = 56,535 + 51,447 / 2 = 53,991
NOPAT = Net Operating income before tax - Tax expense
NOPAT = 13,871 - 2,896 = 10,975
RNOA = 10,975 / 53,991
RNOA = 20.33%