Answer:
Return on equity = Net income/Shareholders' equity x 100
= $29,600/$829,000 x 100
= 3.57%
The company's return on equity is closest to 3.67%
Explanation:
Return on equity is the ratio of net income to shareholders' equity. The net income = $29,600 and shareholders' equity = $829,000. The division of net income by shareholders' equity gives return on equity.
Answer: b.Correctly ignored a sunk cost
Explanation:
Sunk costs are those that are already incurred and should not have any influence on the decision to be made.
The cost of the ticket to the play has already been incurred and could not be sold, exchanged or transferred so was a sunk cost. By going to the concert with Simone, Ravi decided to ignore a sunk cost and he was correct to do so.
Answer:
Department of the Treasury
Explanation:
The function of the Department of the Treasury is to conserve a firm economy and also to create various job opportunities by accelerating the various conditions that enable the growth of the economy.
The Treasury also play an important role in intensifying national security by tackling a variety of threats and protecting the integrity of the financial system. It also plays a role in handling the U.S. Government’s finances and resources effectively. The United States president also receives tax policy advice from economists in Treasury Department.
