Answer:
Net income= $2,328,000
ROA= 12%
ROE= 25.30%
Explanation:
Aquilera incorporation has a sales of $19.4 million
The total assets is $14.4 million
The total debt is $5.2 million
The profit margin is 12%
The net income can be calculated as follows
= profit margin × sales
= 12/100 × 19,400,000
= 0.12 × 19,400,000
= $2,328,000
The ROA can be calculated as follows
= Net income/Average Sales
= 2,328,000/19,400,000
= 0.12 × 100
= 12%
The ROE can be calculated as follows
= Net income/Total equity
Total equity= Total assets - Total debt
= 14,400,000-5,200,000
= 9,200,000
= 2,328,000/9,200,000
= 0.2530 × 100
= 25.30%
Answer:
See below
Explanation:
Per the above information,
Ending account receivable balance = Beginning account receivable + Credit sales - Collections - Written off amount
$93,000 = Beginning account receivable + $108,000 - $142,000 - $130
$93,000 = Beginning accounts receivable - $34,130
Beginning accounts receivable = $93,000 + $34,130 = $127,130
So, the beginning account receivable would be;
The ending accounts receivable is computed as;
= $930 ÷ 1%
= $93,000
Answer:
When the government imposes a Maximum Price on a competitive market, if the equilibrium price is below the maximum price, then that policy will have no effect on that market, since the current price is below the ceiling price. However, if the equilibrium price is above the ceiling price, the good will become scarce and sellers must ration it among a large number of potential buyers.
The rationing mechanism is inefficient and unfair, will generate long queues between consumers and possible discrimination by sellers, since they will not be able to sell the good to those who value it most (equilibrium price based on supply and demand ) but they will sell it to whomever they prefer. Sellers may prefer to sell this good to their friends, family or even those who are willing to give an additional amount of money "under the table", thus generating a potential black market for that good.
Answer: a unilateral contract that Lana can accept by passing the exam.
Explanation:
A unilateral contract is a form of contract agreement whereby the offeror promises to do a particular thing or pay a certain amount after a specified action has occured.
In this scenario, Metro City would only give an employment offer to Lana if she passes her exam. This is a unilateral contract that Lana can accept by passing the exam.
