Answer:
Option (C) is correct.
Explanation:
Given that,
Revenues = $55,632 million
Net operating profit after tax = $9,954 million
Net operating assets at fiscal year-end 2016 = $58,603 million
Net operating assets at fiscal year-end 2015 = $59,079 million
Net operating profit margin is determined by dividing the net operating profit after tax by the total amount of revenues during a fiscal year.
Net operating profit margin:
= (Net operating profit after tax ÷ Revenues) × 100
= ($9,954 ÷ $55,632) × 100
= 0.1789 × 100
= 17.89%
Using the 20/10 rule: you should never borrow more than 20% of your annual net income and monthly payments shouldn't be more than 10% of your monthly net income.
In this situation, we know the yearly net income is $75,000.
First we want to multiply 20% by $75,000 = $15,000
$15,000 is 20% of your yearly net income.
This would be the most you'd want to borrow given the information provided.
2042 will be the year the fund drys up, based on its current level.
Answer:
reverse annuity mortgage
Explanation:
The term that is being described is known as a reverse annuity mortgage. Like defined in the question, this is a loan that allows you to cash in some of your home's equity without actually needing to sell the entire real estate property and move out of your home. Instead the loan is secured against the value of your home and monthly payments are paid to the owner that asked for the loan.
Answer: A. Departments with more employees are allocated earlier.
Explanation:
In the sequential method, it should be noted that a company allocates the service costs one department at a time. Once the service department cost is allocated by the accountants, the department won't get any other costs from the other service departments.
The statement that is false about the order in which management determines the sequencing of support department allocations under the sequential method of allocating support department costs to production departments is that the departments with more employees are allocated earlier.
Under the sequential method, the department costs that are allocated earlier include having an accurate cost drivers, having a higher cost, or having a large number of support.
