Answer:
Net income of Y3K, Inc. is $155.83
Explanation:
Debt-to-equity ratio is calculated by using formula:
Debt-to-equity ratio = Total debt (or liabilities)/Total equity
Total debt (or liabilities) = Debt-to-equity ratio x Total equity = 1.1 x Total equity
Basing on accounting equation:
Total assets = Total liabilities + Total equity = 1.1 x Total equity + Total equity = 2.1 x Total equity
Total equity = Total assets/2.1 = $2,975/2.1
Return on equity (ROE) = Net income/Total equity
Net income = Return on equity (ROE) x Total equity = 11% x ($2,975/2.1) = $155.83
Sure, here is my possible correct answer:
1. 38.64 - 34.50 = 4.14
2. 4.14 x 600 = 2484
So, Mitchell would earn $2484 in (gross) profit.
I hope it helped you!
Answer: personal selling rather than mass media advertising in the promotional mix the firm is using a Standardized strategy
Explanation:
Hope this helps <3
Quality value price reach consumer goods
