Answer:
$8,000
Explanation:
<u>Changes during the year :</u>
Liabilities = $16,000 Increase ($31,000 - $15,000)
Assets = $21,000 Increase
<u>Accounting Equation states that :</u>
Assets = Equity + Liabilities
<u>Change in equity during the year will be :</u>
Equity = Assets - Liabilities
= $5,000
<u>Causes of change in equity :</u>
Capital $5,000
Add Dividends ($2,000)
Add Change $5,000
Profit during the year $8,000
therefore,
Net Income for the year was $8,000
Answer:
D
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
For example, England produces 10 yards of clothes and 5 kg of cheese. France produces 5 yards of clothes and 10 kg of cheese.
for England,
opportunity cost of producing clothes = 5/10 = 0.5
opportunity cost of producing cheese = 10/5 = 2
for France,
opportunity cost of producing cheese = 5/10 = 0.5
opportunity cost of producing clothes = 10/5 = 2
England has a comparative advantage in the production of clothes and France has a comparative advantage in the production of cheese
The component of an enterprise platform that focuses on the aspect of the company’s needs that's illustrated is core processing.
Core processing simply means the important processes that are vital in a company. It's a process with a set of related and interdependent activities that are vital in transforming input to an output in an organization.
Core processing also include the technology that used in managing daily business activities such as supply chains, internal operations, back-office activities, etc.
In conclusion, the correct option is core processing.
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Answer:
Return on Assets = 159.52%
Profit Margin = 11.75%
Asset Turnover Ratio = 1.36 times
Explanation:
The computation of return on assets, profit margin, and asset turnover ratios is shown below:-
a. Return on assets
Average Total Assets = Assets in the beginning + Assets at the end ÷ 2
= ($80 million + $88 million) ÷ 2
= $168 ÷ 2
= $84 million
Return on Assets = Annual Net Income ÷ Average Total assets
= $13.4 million ÷ $84 million
= $159.52 million
b. Profit Margin
Profit Margin = Net Income ÷ Net Sales
= $13.4 million ÷ $114 million
= 11.75%
c. Assets turnover ratio
Average Total Assets = Assets in the beginning + Assets at the end ÷ 2
= ($80 million + $88 million) ÷ 2
= $168 ÷ 2
= $84 million
Asset Turnover Ratio = Net Sales ÷ Average Total assets
= $114 million ÷ $84 million
= 1.36 times
