If supply decreases and demand remains stable, the price mechanically moves up since richer people are ready to pay more to get gasoline.
Of course companies selling gasoline want to maximize their profit so they will increase the price.
Right answer is A.
The statement, return on assets is computed as net income divided by total assets, is true.
Return on assets (ROA) is a profitability ratio, which measures that how efficiently a company uses the assets it owns to generate profits. If a company wants increase the return on assets then the company tries to increase the profit margin.
So the return on asset of a company is computed by dividing the net income earned by the company by average total assets employed by the company. Thus, it measures how much percentage of profit the company is generating in respect to its assets.
Hence, the higher the percentage of return on assets, the better it is.
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Because the private sector is much larger than the public sector, it dominates the economy.
Capitalism is a monetary gadget in which capital items are owned by personal individuals or groups. The manufacturing of products and services is based totally on deliver and demand in the general market, rather than thru central planning.
The Illinois Court System's Organization the Illinois Constitution of 1970's Article VI, the Judicial Article, establishes a unified, three-tiered judiciary consisting of the Circuit Court, Appellate Court, and Supreme Court.
The High Court
The highest court in the State of Illinois is the Supreme Court. The Supreme Court typically receives cases from the Appellate Court, but when a Circuit Court has sentenced someone to death, the law permits a direct appeal to the Supreme Court, skipping the Appellate Court. In other circumstances, the Supreme Court may enact rules allowing direct appeals Judicial Article.
Legislative redistricting and evaluating the Governor's eligibility to hold office are subjects of original and exclusive jurisdiction of the Supreme Court. Additionally, the Supreme Court has discretionary original jurisdiction over writs of mandamus, prohibition, and habeas corpus as well as issues involving State income.
The First Appellate Judicial District (Cook County) is represented by 3 Justices on the Illinois State Supreme Court, while the following 4 Appellate Judicial Districts are each represented by 1 Justice. For a case to be decided, four votes must be cast in favor.
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Answer:
c. $4,000
Explanation:
The computation of the depreciation expense for year 2 under straight-line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($25,000 - $5,000) ÷ (5 years)
= ($20,000) ÷ (5 years)
= $4,000
In this method, the depreciation is same for all the remaining useful life i.e $4,000 is charged for remaining three years