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worty [1.4K]
3 years ago
7

Excerpts from Dowling Company's December 31, 2018 and 2017, financial statements and key ratios are presented below (all numbers

are in millions):2018 2017Accounts receivable (net) $ 20 $ 16Net sales $ 115 100Cost of goods sold $ 60 55Net income $ 20 17Inventory turnover 5.22Return on assets 10.3 %Equity Multiple 2.36Dowling's average total assets for 2018 is (rounded):
(A) 115.(B) 32.(C) 210.(D) 194.
Business
1 answer:
mylen [45]3 years ago
6 0

Answer:

Option (D) is correct.

Explanation:

Return on equity:

= Return on assets × Equity multiple

= 10.3% × 2.36

= 24.308%

Profit margin:

= Net income ÷ Sales

= $20 ÷ $115

= 17.39%

Average total assets is calculated as follows:

Return on assets = Net income ÷ Average total assets

10.3% = $20 ÷ Average total assets

Average total assets = $194.17

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Calculate Payroll
musickatia [10]

Answer:

A.1830

B.$1397.75

Explanation:

A.Gross pay

Formula for Gross pay

Gross pay = regular pay + overtime pay

= (40*30)+(14*30*1.5)

=1200+630

= $1830

Part B

B.Net pay

Formula for Net pay

Net pay = gross pay – social security tax – medicare tax – federal income tax

= 1830-(1830*6.0%)-(1830*1.5%)-295

=1830-109.8-27.45-295

= $1397.75

7 0
3 years ago
All of the following options are good tips for borrowing money EXCEPT...
Jlenok [28]
I would say B. Quick cash loans. Interest rates are very high & not a good idea in borrowing money. They are designed for people who have poor credit ratings & have no other means to borrow money.
5 0
3 years ago
If Papa John's wants to determine the impact of different coupon offers on pizza unit sales, it needs to conduct:
Jobisdone [24]

Answer: (A) Experimental research

Explanation:

 The experimental research is one of the type of method that helps in determining the different types of data by using the scientific approach and it also control all the scientific variable information that can controlled all the manipulated data or information in the system.

The main purpose of the experimental research is that it helps in establish the relationship of the two variables and also used for the investigation purpose.

 According to the given question, the papa john wanted to determine re different coupons on the pizza sales unit and he basically needs for conducting the experimental research.

Therefore, Option (A) is correct.  

7 0
3 years ago
Helen, a principal real estate broker, received a $5,000 check as a deposit with an offer to purchase on Monday. There was no st
Sphinxa [80]

Answer:

According to Oregon's administrative rules for real estate brokers, Helen has three business days to deposit the $5,000 check she received as deposit for the purchase offer.

She can deposit the check in her client's trust account or in a neutral escrow depository.

She has to decide on which account she will deposit the check by Thursday (end of the third business day deadline).

4 0
4 years ago
Assume that the U.S. population is 300 million. If 70 million individuals are legally classified as unable to work (or are less
Step2247 [10]

Answer: Option (E) is correct.

Explanation:

Given that,

U.S. population = 300 million

Individuals classified as unable to work =  70 million

Individuals classified as unwilling to work = 80 million

Unemployed = 14 million

Labor force = U.S. population - Individuals classified as unable to work  - Individuals classified as unwilling to work

                   = 300 million - 70 million - 80 million

                   = 150 million

Unemployment rate = \frac{Unemployed}{Labor\ force} \times100

                                 = \frac{14}{150} \times100

                                 = 9.3%

3 0
4 years ago
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