1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Scenario 10 Two rival firms in duopoly (a market in which there are only two firms that compete) are considering spending on the
weqwewe [10]
Well that is a lot of explaining
8 0
4 years ago
A client who has been training at high intensities in preparation for a triathlon reports joint pain, excess fatigue, and the in
Evgen [1.6K]

Answer:

The client is in the exhaustion stage of the general adaptation syndrome.

Explanation:

The 3 stages of the General Adaptation Syndrome are Alarm reaction, Resistance and Exhaustion.

The characteristic properties of each of the stage are different: For example

  • The person experiences, either higher rate of stress or adrenaline rush through the body in the 1st stage.
  • The person experiences frustration and anxiety in the second stage which is the Resistance stage.
  • While there is excessive fatigue in the 3rd stage which is exhaustion.

As the client is showing the symptoms of fatigue, thus this is the 3rd stage, i.e. exhaustion stage of GAS.

3 0
4 years ago
During Bruce Company’s first year of operations, the company purchased $4,300 of supplies. At year-end, a physical count of the
seraphim [82]

Answer:

Supplies Used = $2475

Explanation:

<u>Bruce Company</u>

Supplies Purchases $4,300

Supplies on hand  $1,825

Supplies Used = $ 4300- $ 1825 = $2475

The amount of Supplies used ( $ 4300- $ 1825 = $2475) will be shown in the income statement as an expense and the amount of unused supplies or Supplies on hand $1,825 will be shown in the Balance sheet as an asset account. The both of which will total the supplies actually purchased.

The relating <u>adjusting entry </u>will be

Supplies Expense $ 2475 Debit

Supplies Account $ 2475 Credit

This means the supplies of the amount $ 2475 have been used and is recorded as an expense in the income statement. It will be deducted from the gross profit. The remaining amount $ 1825 is for future use so recorded as an asset in the Balance Sheet and added to the total assets.

6 0
3 years ago
Which type of marketing channel includes a retailer or other intermediaries in the delivery of goods and services to consumers?.
babunello [35]

A distribution channel is a type of marketing channel that includes a retailer or other intermediaries in the delivery of goods and services to consumers.

A distribution channel is a network of companies or middlemen (such as suppliers, distributors, shipping hubs, retailers, and the internet) that products and services go through before they are delivered to the final customer. A distribution channel is a series of establishments or middlemen where the ultimate consumer makes their purchase of a product or service.

Retailers, distributors, wholesalers, and the Internet are examples of distribution channels. Manufacturers sell to consumers directly through a direct distribution channel. Before the product reaches the customer through an indirect channel, several middlemen are involved. All products and services must follow a distribution route in order to reach their target clients. On the other hand, it also depicts the payment route taken by funds from the final customer to the initial seller.

Learn to know more about Marketing channels on

brainly.com/question/25339343

#SPJ4

3 0
1 year ago
Schrock Company purchases a new delivery van for $60,000. The sales taxes are $4,500. The logo of the company is painted on the
Natasha_Volkova [10]

Answer:

Schrock record the $65,920 as the cost of the new van

Explanation:

The computation of cost of the new van is computed below:

= Purchase cost + sales tax + logo cost + safety testing cost

= $60,000 + $4,500 + $1,200 + $220

= $65,920

where,

Purchase cost is $60,000

Sales tax is $4,500

Logo cost is $1,200

Safety testing cost is $220

The van annual license is not included in the cost of new wan. Thus, it is not consider in the computation part.

Hence, Schrock record the $65,920 as the cost of the new van

5 0
3 years ago
Other questions:
  • In each of the following​ cases, what is the effect on the​ short-run aggregate supply ​(SRAS​) ​curve? An increase in firm cost
    9·1 answer
  • Any business, including a child care facility, must obtain an Employer Identification Number (EIN) to establish its business tax
    11·1 answer
  • Which type of account typically has very high liquidity, low or no interest, and low minimum balance? AChecking Account BCertifi
    12·2 answers
  • Mr. D is the manager of a local Walgreens. His biggest concern is to make sure that hisstore is always making the most profit po
    13·2 answers
  • Mario's Home Systems has sales of $2,880, costs of goods sold of $2,220, inventory of $516, and accounts receivable of $436. How
    11·1 answer
  • The BEST explanation of why there will always be scarcity is because
    5·2 answers
  • On January 1, 2012, Porter Corporation signed a five-year noncancelable lease for certain machinery. The terms of the lease call
    13·1 answer
  • Your company's leathergoods are very well received in the marketplace. But you still have not been able to resolve the issue of
    14·1 answer
  • When considering marginal revenue versus marginal costs, marketers must ensure that:.
    6·1 answer
  • MB has been using proper workflow for her sales process by creating invoices, receiving payments, and recording deposits using t
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!