Answer:
B, net income for the year was $1,200,000, average assets were $20 million, ROI was 6%
Explanation:
net income is calculated by multiplying the percentage margin by the sales. We have,
(2 ÷ 100) × $60,000,000
= 0.02 × $60,000,000
= $1,200,000
To calculate the average assets, sales is divided by the turnover.
we have, ($60,000,000 ÷ 3.0)
= $20,000,000.
To calculate the ROI, margin and turnover are multiplied.
we have,
(2% × 3.0) = 6%
Cheers.
Answer:
Manufacturing and Merchandising businesses
Explanation:
The type of Business needed to make the product is known as MANUFACTURING business. This business buys raw materials and refined them into products that later sell in bulk to wholesalers.
On the other hand, Merchandising business is a form of business that involves buying refined products at wholesale price and then sell to the final consumers.
Hence, in this case, then Greece answer is MANUFACTURING and MERCHANDIZING Business.
Answer:
2040.
Explanation:
To reach the total manufacturing cost we need to calculate machining and assembling overhead rate first, in order to calculate the rate we need to divide manufacturing overhead cost on number of hours
Machining OH rate = 280000 / 50000 = 5.60
Assembling OH rate = 360000/40000 = 9.00
manufacturing cost:
machine Assembly Total
Material 425 175 600
labor 275 300 575
Overhead 865
(50*5.60) 280
(65*9) 585
Total cost 2040
Answer:
The 1-year HPR for the second stock is <u>12.84</u>%. The stock that will provide the better annualized holding period return is <u>Stock 1</u>.
Explanation:
<u>For First stock </u>
Total dividend from first stock = Dividend per share * Number quarters = $0.32 * 2 = $0.64
HPR of first stock = (Total dividend from first stock + (Selling price after six months - Initial selling price per share)) / Initial selling price = ($0.64 + ($31.72 - $27.85)) / $27.85 = 0.1619, or 16.19%
Annualized holding period return of first stock = HPR of first stock * Number 6 months in a year = 16.19% * 2 = 32.38%
<u>For Second stock </u>
Total dividend from second stock = Dividend per share * Number quarters = $0.67 * 4 = $2.68
Since you expect to sell the stock in one year, we have:
Annualized holding period return of second stock = The 1-year HPR for the second stock = (Total dividend from second stock + (Selling price after six months - Initial selling price per share)) / Initial selling price = ($2.68+ ($36.79 - $34.98)) / $34.98 = 0.1284, or 12.84%
Since the Annualized holding period return of first stock of 32.38% is higher than the Annualized holding period return of second stock of 12.84%. the first stock will provide the better annualized holding period return.
The 1-year HPR for the second stock is <u>12.84</u>%. The stock that will provide the better annualized holding period return is <u>Stock 1</u>.
The covenant is against encumbrances.
<h3><u>
what is an encumbrance?</u></h3>
A claim made against a piece of property by someone who isn't the owner is called an encumbrance.
- Encumbrance may affect the property's ability to be transferred and limit its free use until the encumbrance is removed.
- Real estate is subject to the most prevalent kinds of encumbrances, such as mortgages, easements, and property tax liens.
The previous property owner failed to disclose to Li Meng that there was an easement across the property.
Learn more encumbrance with the help of the following link:
brainly.com/question/14844424?referrer=searchResults
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