1,700 i found the answer on a quizlet
Answer:
LeCompte Corp.
The profit margin that LeCompte Corp. would need in order to achieve the 15% ROE, holding everything else constant is:
A) 7.57%.
Explanation:
a) Data and Calculations:
Assets = $312,900
Common Equity = Assets = $312,900
Sales for the last year = $620,000
Net income after taxes = $24,655
Expected return on equity (ROE) = 15%
ROE (in amount) = $312,900 * 15% = $46,935
Profit margin = Returns on Equity/ Sales * 100
= $46,935/$620,000 * 100
= 7.57%
b) The expected returns on equity in dollars is equal to the net income. Therefore, we can use the ROE to calculate the profit margin. The profit margin expresses the relationship between sales and profit. It shows the profit made from each dollar sales.
Answer:
Explanation:
Given
and 
Required
Show that they are equivalent
To do this, we simply convert both fractions to either decimal or improper fraction
Using improper fraction
After converting both to improper fraction, we have:
<em>Hence, both are equivalent</em>
Answer:
sorry i have school but others day maybe tomorrow
Answer: 4,100
Explanation: the equation for calculating GDP is (C+I+G+NX) first you would subtract the exports and imports to get 100, then you add 2,000+1,000+1,000+100 which equals 4,100
