Answer:
A) 912,000 net income
B) ROA = 9.31%
C) ROE = 14.95%
Explanation:
a) net income:
sales x profit margin = net income
15,200,000 x 6% = 912,000 net income
b) ROA = return on assets
912,000/9,800,000 = 0,0930612 = 9.31%
b) ROE = return on equity
we use accounting equation to solve for equity:
aasets = liab + equity
9.8 M = 3.7M + E
E = 9.8 - 3.7 = 6.1
912,000/6,1000,000 = 0,1495081 = 14.95%
I would do make me a millionaire
<span>They can file the bankruptcy code under chapter 11.
</span>This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11<span>.
</span>
I hope my answer has come to your help. God bless and have a nice day ahead!
Answer:
Legally sufficient.
Explanation:
The answer is that to constitute consideration, the value of whatever being exchanged must be legally sufficient because this means that consideration must be enough in the terms of the law like comitting to do something that you are otherwise not obligated to do.
Answer:
The opportunity cost of attending the concert=$0
Explanation:
An opportunity cost is the total monetary loss that one has when they choose a given option. It can also be defined as the gain that one misses when the individual or business chooses one alternative over the other. Opportunity costs are not heavily considered in financial reports, however individuals or businesses who have the opportunity to choose from many alternatives at the same time need to consider the opportunity cost to make a more valuable decision in the long-run. Opportunity costs helps individuals and businesses to make better decisions on the options they have at their disposal.
The opportunity cost can be Determined using the following expression;
OC=FO-CO
where;
OC=opportunity cost
FO=return on best forgone option
CO=return on chosen option
Since in our case, the forgone option was not attending the concert, the cost would be=0
Also since the chosen option was the ticket at no charge, the cost would be=0
In our case;
OC=unknown
FO=0
CO=0
replacing;
OC=0-0=0
The opportunity cost of attending the concert=$0
