Answer: 4%
Explanation:
From the question, we are informed that Sheffield Company had an investment which cost $250000 and had a salvage value at the end of its useful life of zero and that Mussina's expected annual net income is $5000.
It should be noted that the annual rate of return is calculated as the average Income divided by the average investment. Here, the average Income is $5,000 while the average investment will be ($250,000/2) = $125,000.
Therefore, annual rate of return will be:
= $5000/$125,000
= 4%
short run; the quantity of output where profits are highest
<h3>What is a firm?</h3>
A firm is a for-profit enterprise that typically takes the form of a partnership and offers professional services like accounting or legal counsel. According to the philosophy of the firm, businesses exist to maximise profits.
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Answer:
November 27 Debit Credit
Bank $15,750
(15,000+15,000*10%*180/360)
Accrued interest income $125
Interest income $625
Note receivable from customer $15,000
Explanation:
The following journal entry shall be booked by the Louvers, Inc. in its accounts as at November 27 in respect of note from customer:
November 27 Debit Credit
Bank $15,750
(15,000+15,000*10%*180/360)
Accrued interest income $125
(Interest receivable recorded at June 30)
Interest income $625
(Interest income from June 30 to November 27)
Note receivable from customer $15,000
Expansionary fiscal policy is defined as increase in the expenses of the government and decrease in taxes. A government assumes an expansionary fiscal position WHEN IT IS WEAK. An expansionary fiscal policy helps the government to come out of the recession phase. Keynes and his followers were big supporter of expansionary fiscal policy in helping rescuing during recession phase.
Answer: have utility..
Explanation: in order for anything to have worth you must br able to use it and it must work properly