Answer:
47.4%
Explanation:
A. Expected golfers
440,000
B Revenue (440,000 × $84)
$36,960,000
C. Variable cost (440,000 × $17)
$7,480,000
D = B - C Contribution margin
$29,480,000
E Fixed cost
$20,000,000
F = D - E Profit
$9,480,000
G Assets
H = F/G × 100 Return on assets
47.4%
Answer:
Commercial bank
Explanation:
A commercial bank accepts cash deposits from the general public and lends a portion of the money as loans to make profits. Commercial banks make profits by charging a high-interest rate on credit issued than the interest rate they offer on deposits. By accepting deposits and lending to other customers, commercial banks act as intermediaries between suppliers and users of credit.
Commercials are profit-making institutions. Although their primary function revolves around accepting deposits and issuing out loans, they also perform other duties such as;
- Discounting bills of exchange
- Overdraft facility
- Agency functions, including payment functions and insurance of letters of credit and checks.
- General utility services including foreign exchange transactions, underwriting securities, and safe deposits.
Answer:
$92,400
Explanation:
Coolwear incorporation has a balance in its prepaid insurance account of $48,400
In 2018, $86,000 was paid for insurance
At the end of 2018, the balance was $42,000 after adjusting entries were recorded
Therefore the insurance expense for 2018 can be calculated as follows
= $48,400 + $86,000-$42,000
= $134,400-$42,000
= $92,400
Hence the insurance expense for 2018 is $92,400
Answer:
Malcolm is a professional writer. He has already published many best-sellers. One of his friends expressed interest in knowing more about his writing process, so Malcolm showed his friend a few of his first drafts. The friend observed that the drafts were nothing like the final book, and the writing seemed amateurish compared to Malcolm's published work. When asked about it, Malcolm said that it was the normal way of things. In this scenario, the following is the reason of this:
A) Malcolm would have revised his work many times before he was satisfied with it.
Explanation:
- The option A is best reason because generally a writer doesn't break his or her flow while writing and that is what Malcolm would have done. After, he would have revised his work many times until he was satisfied.
- The option B is not correct as it is not possible to change the book of a writer entirely by the publishing company.
- The option C is also incorrect as the drafts were not long and cohesive because his friend found the draft amateurish but not perfect.
- The option D is incorrect as it is not true that writers only create first draft and other people produce all other subsequent drafts.
Answer:
<em>The</em><em> </em><em>corr</em><em>ect</em><em> </em><em>answe</em><em>r</em><em> </em><em>is</em><em> </em><em>:</em><em>-</em> Measurable gain
