Answer:
The operating profit is $4,800,000
Explanation:
We know that,
The operating profit would equal to
= Sales - variable cost - fixed expenses
where,
Sales = Number of rounds of golf × selling price per unit
= 600,000 rounds × $75
= $45,000,000
Variable cost = = Number of rounds of golf × selling price per unit
= 600,000 rounds × $17
= $10,200,000
And, the fixed expenses is $30,000,000
Now put these values to the above formula
So, the value would equal to
= $45,000,000 - $10,200,000 - $30,000,000
= $4,800,000
Answer:
Passive income is money earned on an investment, or work completed in the past that continues to make money without any additional effort. Active income, on the other hand, is money earned in exchange for performing a service. I would think active income is easier because it allows you to earn an income quickly and consistently. Passive income can take years to build.
Explanation:
Answer:
The mean withdraw has increased during weekend.
Explanation:
Assume that the withdraw amounts are normal distributed. To test whether the mean withdrawal has increased during weekends, we take a z-test. The z-test is possible because the observed sample (weekend transactions) is greater than 30.
The null hypothesis (
) is when the mean withdrawal is greater than 550. The alternative hypothesis (
) is when the mean withdrawal is equal to 550 or smaller. At an alpha of 0.05% is selected with a two-tailed test, , there is 0.025% of the samples in each tail, and the alpha has a critical value of 1.96 or -1.96. If the z-value is greater than 1.96 or less than -1.96, the null hypothesis is rejected.
z-value = (600-550) / 70 / 36^(1/2) = 0.1190
At α=0.05, the z-value < 1.96 and > -1.96, the null hypothesis is not rejected. Therefore, the mean withdraw has increased during weekend.
10.23%
return on total assets of River corp who's total assets at the end of last year were $390,000 and its net income was $32,750 was 10.23%
<h3>What was the return on total assets?</h3>
This can be found by the formula:
= Net income / Total assets x 100%
This then on substitution gives:
= 32,750 / 320,000 x 100%
= 10.23%
Hence, the return was 10.23%.
<h3>What is return on total assets?</h3>
The ratio of a company's profits before interest and taxes (EBIT) to its total net assets is called return on total assets (ROTA).
<h3>What is meant by return on asset?</h3>
- The return on assets (ROA), sometimes known as the return on total assets, is a metric for gauging how much money a company makes off of its capital.
- This profitability ratio illustrates the rate of growth in profits produced by an organization's assets.
<h3>What Makes a Strong ROA? </h3>
- Typically, a ROA of 5% or above is seen as good; a ROA of 20% or higher is regarded as great.
- In general, a corporation is more effective at making profits if its ROA is higher.
- However, the ROA of any one company must be viewed in the context of its rivals in the same sector and industry.
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