Answer:
ROA = 6.6%
ROE 14.52%
Explanation:
profit margin = net income / sale = 12%
assets turn over = sales / assets = 0.55
equity mutiplier = assets / equity = 2.2
ROE = return on equity = net income / equity
ROA = return on equity = net income / assets
we use the fraction properties to get ROE and ROA
ROA = 6.6%
We apply the same property to get ROE
ROE = 14.52%
Answer:
True
Explanation:
The Statute of Frauds requires some type of contracts to be put in writting. Some of theses agreements includes: any goods worth $500 or more, sale of land and contracts that can exceed a year. Statute of frauds is gotten from an Act of the Parliament of England (29 Chas. 2 c. 3) passed in 1677 (authored by Lord Nottingham assisted by Sir Matthew Hale, Sir Francis North and Sir Leoline Jenkins.
One of the requirement of the written agreements under the Statute is that the signature of both parties involved in the agreement is needed.
Answer:
Option (D) is correct.
Explanation:
It was given that video game is a normal good. We know that there is a positive relationship between the demand for a normal good and income of the consumer, hence, if there is an increase in the income level of the consumer then as a result the demand for a normal good increases which shifts the demand curve for normal good rightwards.
Therefore, this will lead to increase both equilibrium price and equilibrium quantity in the market for video games.
Answer:
the difference between operating incomes under absorption costing and variable costing is $180,000 .
Explanation:
The difference between the two Operating Incomes lies in the amount of Fixed Overheads that has been deferred in Inventory.
So, calculation of the difference will be as follows :
Beginning fixed manufacturing overhead in inventory $230,000
Less Ending fixed manufacturing overhead in inventory ($50,000)
Difference between absorption costing and variable costing $180,000
Answer:
E. place job ads on job sites
Explanation:
The first step for Leo is to place the Job advertisement on the various job sites. Advertising is making the public aware of the vacancy. The purpose of going public is to attract as many qualified candidates as possible. Having a large pool of candidates increases the possibility of getting the right person for the job.
