If Paddyland was a true market economy with no government interaction, then a scarcity of rice would mean that the price of rice would go up until the level of supply and demand evened out.
Answer :
Accounting rate of return = 0.0432 = 4.32%
Explanation :
As per the data given in the question,
Depreciation per year = (Cost - Salvage) ÷ Useful life
= ($810,000 - $10,000) ÷ 8 years
= $100,000
Annual Net income = Annual net cash flow - Depreciation
= $135,000 - $100,000
= $35,000
Accounting rate of return = Annual net income ÷ investment
= $35,000 ÷ $810,000
= 0.0432
= 4.32%
We simply applied the above formula
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Option D , 15,100
Solution:
The formula for net income is calculated through total expenditures subtracted from total revenues.
Net Income = Service Revenue - Salary Expense - Repairs Expense - Supplies Expense - Gasoline expense
= $22,800-$4,500-$800-$1,600-$800
= $15,100
Net Income = $15,100
Answer:
North American Industry Classification System (NAICS)
Explanation:
North American Industry Classification System (NAICS): It is a system or standard code been used in classifying business by the type of economic activity. These data been used by government and business of United sates, Mexico and Canada. This system make the measurement of industrial, reseller, and government markets easier. NAICS provides common industry definitions for Canada, Mexico, and the United States, which makes it easier to measure economic activity in the three member countries of the North American Free Trade Agreement (NAFTA). NAIC has replaced standard industrial classification (SIC) system, which was in place for 50 years.
