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Sindrei [870]
3 years ago
8

Shown below are selected data from the financial statements of Noble Computers. (Dollar amounts are in millions, except for the

per share data.) Income statement data: Net sales $ 3,500 Cost of goods sold $ 1,890 Operating expenses $ 675 Net income $ 115 Balance sheet data: Average total equity $ 540 Average total assets $ 4,400 Noble reported earnings per share for the year of $6 and paid cash dividends of $2.00 per share. At year-end, the Wall Street Journal listed Noble's capital stock as trading at $81 per share. Noble's return on equity was: Select one: a. 10%. b. 13%. c. 21%. d. 1. 73.
Business
1 answer:
hram777 [196]3 years ago
7 0

Answer:

c. 21%.

Explanation:

the return on equity will be the net income divided by the total equity

income  115,000,000

equity   540,000,000

return on equity = 0,212962962962963 = 21%

This ratio can e interpretate as follows:

For each dollar invested from owners into the company the ent income increases by 21 cents or it represent 21% of the equity is achieve in earnigns every years.

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Answer:

reserve ratio

Explanation:

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3 years ago
The 'on my way button' should be clicked when you leave your current location (home, gym, etc.) to go to the walk. when should y
ddd [48]
<span>Before starting walking from the current location "start walk" button should be tapped as 'on my way button' was clicked when you leave your current location to go to the walk.</span>
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3 years ago
Assume, for Singapore, that the domestic price of soybeans without international trade is higher than the world price of soybean
Lubov Fominskaja [6]

Answer:

C)other countries have a comparative advantage over Singapore and Singapore will import soybeans.

Explanation:

In the case when the domestic price of the soyabeans considered withoiut the international trade and the same should be more than the world price that means the other country would have the comparative advamtage and the singapore would import the soybeans

Therefore the option c is correct

3 0
2 years ago
The following information pertains to Oro Corp.: Credit sales for the year ended December 31 $450,000 Credit balance in allowanc
kkurt [141]

Answer:

A. $6,300

Explanation:

The computation of the ending balance of uncollectible account is shown below:

= Opening balance of the uncollectible accounts + uncollected amount - bad debt written off

where,

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Now put these values to the above formula  

So, the value would equal to

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= $6,300

8 0
3 years ago
Laura offered to sell Louis a tract of land. The offer was complete and certain as to all material terms. The offer stated that
34kurt

Answer:

C) Louis has not accepted and there is no contract.

Explanation:

In this scenario, Laura offered to sell Louis a tract of land. The offer was complete and certain as to all material terms but the offer stated that a telegraphed acceptance was required. Within a reasonable time, Louis telephoned Laura to accept but this doesn't translate to acceptance because Louis has not done the needful to present or send a telegraphed acceptance.

Hence, in this situation, Louis has not accepted and there is no contract yet.

Under the Uniform Commercial Code (UCC), an offer has been accepted only when Louis (the offeree) performs the requisite act by Laura (the offerer).

In this case of selling a tract of land, a telegraphed acceptance is the authorized and authentic means of communication of acceptance.

Additionally, a Uniform Commercial Code (UCC) is a legal principle, regulations and standard set of laws for transactions of business between two or more parties.

7 0
3 years ago
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