1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fed [463]
3 years ago
14

Last year Mason Inc. had a total assets turnover of 1.33 and an equity multiplier of 1.75. Its sales were $320,000 and its net i

ncome was $10,549. The CFO believes that the company could have operated more efficiently, lowered its costs, and increased its net income by $5,250 without changing its sales, assets, or capital structure. Had it cut costs and increased its net income in this amount, by how much would the ROE have changed? Select the correct answer. a. 4.38% b. 2.14% c. 3.26% d. 3.82% e. 2.70%
Business
1 answer:
docker41 [41]3 years ago
4 0

Answer: d. 3.82%

Explanation:

ROE = Net Income / Equity so Equity need to be ascertained.

1.75 = Total Assets/ Total Equity

Total Equity = Total Assets/ 1.75

1.33 = Revenue / Total Assets

Total Assets = Revenue / 1.33

= 320,000/1.33

= $240,601.50

Total Equity = 240,601.50/1.75

= $137,486.57

Old ROE = 10,549/ 137,489.57

= 0.07672582

= 7.67%

New ROE = (10,549 + 5,250) / 137,489.57

= 0.11491053466

= 11.49%

Difference = 11.49 - 7.67

= 3.82%

You might be interested in
What is the minimum value of the box-and-whisker plot?
natka813 [3]

Answer:

A;36

Explanation:

So lets recall the different parts of a box and whisker plot.

The dot at the very right end of it is the maximum, where the largest number is.

After that, the box to the right is the upper quartile.

On the left, the box on the left is the lower quartile.

In between the right and left of the box is the median, which seperates the upper quartile by the lower quartile.

Finally, we have the dot farthest to the left, which is the minimum.

So on our box and whisker chart, lets look at the dot farthest to our left, since thats the minimum.

<u>This should be 36.</u>

Hope this helps! ;)

8 0
2 years ago
Ensuring proper collection preservation and safeguarding of federal records is the responsibility of.
Diano4ka-milaya [45]

Ensuring proper collection preservation and safeguarding of federal records is the responsibility of <u>All Air Force Personal</u>.

<h3>What is Record Management Policy?</h3>
  • All federal agencies are required under the Federal Records Act (44 U.S.C. 31) and related Code of Federal Regulations (CFRs) to keep records that detail their operations, file records for secure storage and quick retrieval, and dispose of records in accordance with agency schedules.
  • A record keeping policy is a collection of guidelines for managing the creation, receipt, storage for historical purposes, and destruction of documents and other information within an organization.
  • When it comes to safeguarding the rights and interests of the general public, holding public servants responsible for their acts, and recording the history of our country, federal records are crucial corporate assets.
  • Employees of the government are responsible for maintaining and creating Federal records as part of their duties.

There are numerous types of federal records, including but not restricted to:

  • recordings of audio and/or video
  • drawings for architecture, engineering, and other fields
  • electronic messages, such as texts, emails, and instant messages, used in computer-aided design
  • Geospatial data and maps, notes, and pictures
  • presentations
  • reports with statistics and narratives about social media content
  • web statistics

Know more about Record Management Policy brainly.com/question/14693974

#SPJ4

5 0
1 year ago
What factor is usually agreed upon prior to the submission of a purchase order?
tester [92]

Answer:

number of products to be purchased

Explanation:

A purchase order is prepared by a customer and addressed to a trader.  The document instructs the trader to supply the customer with the goods stated in the purchase order document.

Before a customer writes the purchase order, an agreement is made on the quantity to be ordered. The trader has to confirm that they have the required quantity in the stores, or it will be availed within a reasonable time.

The price is agreed at the quotation stage. The customer first sends an inquiry, which the customer responds to with a quotation.

4 0
2 years ago
In a suit by the National Forest Preservation Organization (NFPO) against Old Growth Logging, Inc., NFPO serves a written reques
svetlana [45]

Answer:

b. ​an admission in court.

Explanation:

An admission in the law of evidence is a prior statement by an adverse party which can be admitted into evidence over a hearsay objection. In general, admissions are admissible in criminal and civil cases

6 0
3 years ago
Timothy works at Sunshine Mailing, a daily newspaper, and is responsible for editing the sports column. Chloe, Timothy's manager
Anastasy [175]

Answer:

B) Job Enlargement    

Explanation:

Job enlargement refers to addition of different tasks and activities to the already existing job responsibilities of an individual, at the horizontal level. Such practice enhances job scope and also referred to as horizontal job expansion.

Job enlargement increases the job responsibility and at the same time breaks the monotony of performing the same routine tasks as new job responsibilities are added.

Such an activity also promotes creativity and develops employee skills w.r.t new tasks and activities.

In the given case, an employee has been assigned an additional column for editing apart from the usual sports column he handles. This is a case of job enlargement wherein, the existing job has been enlarged owing to the additional responsibility which has been assigned.

5 0
3 years ago
Other questions:
  • Angus Bank holds no excess reserves but complies with the reserve requirement. The required reserves ratio is 8​%, and reserves
    15·1 answer
  • Based on the following​ information, what is the balance on the current​ account? Exports of goods and services​ = $12 billion I
    8·2 answers
  • In his speech on the need to expand the local animal shelter, sheldon quotes the center's director as stating, "if we do not sec
    6·1 answer
  • What is the par or stated value per share of apple's common stock? what percentage of apple's authorized common stock was issued
    9·1 answer
  • Consider a corporate bond with a $1000 face value, 8% coupon with semiannual coupon payments, 7 years until maturity, and a YTM
    14·1 answer
  • Assume Baldwin Corp. is downsizing the size of their workforce by 15% (to the nearest person) next year from various strategic i
    7·1 answer
  • You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.16 and the total
    14·1 answer
  • The following information is for Punta Company for July: Factory overhead costs were applied to jobs at the predetermined rate o
    13·1 answer
  • Machine X has an initial cost of $10,000. It is expected to last 12 years, to cost $200 per year to maintain and to have a salva
    11·1 answer
  • Sunland Inc. took a physical inventory at the end of the year and determined that $789000 of goods were on hand. In addition, Su
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!