Answer: To meet all consumer needs
Explanation: In a socialist economy good and services are produces for direct use. Unlike a capitalist economy where goods and services are produced to earn profits. The purpose of producing goods in a socialist economy is to utilise the economy's scarce resources in a way that maximum consumer needs can be satisfied.
Thus, option D- to meet all consumer needs is the correct choice.
I took the test and it was B.
Answer:
Firm J's margin= 8.3%
Firm J's turnover= 2
Firm J's ROI= 16.6%
Explanation:
Form J has a net income of $77,605
The sales is $935,000
The average total assets is $467,500
Firm J's margin can be calculated as follows
Margin= Net income/sales
= $77,605/$935,000
= 0.083×100
= 8.3%
Firm J's turnover can be calculated as follows
Turnover= Sales/Average Total assets
= $935,000/$467,500
= 2
Firm J's return on investment can be calculated as follows
ROI= Net income/Average Total assets
= $77,605/$467,500
= 0.166×100
= 16.6%
Hence Firm J's margin, turnover and return on investment is 8.3%, 2 and 16.6% respectively.
Answer:
71.64
Explanation:
For computing the current price, first, we have to compute the dividend for next five years which are shown below:
In year 1 = ($6 + $5) = $11
In year 2 = ($11 + $5) = $16
In year 3 = ($16 + $5) = $21
In year 4 = ($21 + $5) = $26
In year 5 = ($26 + $5) = $31
Now the current price equal to
= Year 1 dividend ÷ (1+ rate) ^ 1 + Year 2 dividend ÷ (1+ rate) ^ 2 + Year 3 dividend ÷ (1+ rate) ^ 3 + Year 4 dividend ÷ (1+ rate) ^ 4 + Year 5 dividend ÷ (1+ rate) ^ 5
= 11 ÷ 1.12 ^ 1 + 16 ÷ 1.12 ^ 2 + 21 ÷ 1.12 ^ 3 + 26 ÷ 1.12 ^ 4 + 31 ÷ 1.12 ^ 5
= $9.82 + $12.76 + $14.95 + $16.52 + $17.59
= $71.64
Answer:
Key operating activities for a company include manufacturing, sales, advertising and marketing activities. The operating income shown on a company's financial statements is the operating profit remaining after deducting operating expenses from operating revenues
Explanation:
