Answer:
Explanation:
Return on common stockholders' equity for 2015:
(Net income - preferred stock)/Equity
(63,000-5,400)/2,400,000 = 57,600/2,400,000 = 2.4%
Return on common stockholders' equity for 2015:
(99,000-5,400)/3,000,000 = 93,600/3,000,000 = 3.12%
From these calculations, it is clear that return has improved.
The four types of entrepreneur described by Arthur Cole were the Innovator, the Organization Builder, the Over-Optimistic Promoter, and the Calculating Investor.
Answer is A) Investor.
Answer:
$6600
Explanation:
Given: Selling price= $250 per unit
Variable cost= $181 per unit.
Fixed cost= $430000.
Expected Profit= $25400.
Let´s assume the number of units sold be "x".
Revenue (R) = ![250\times x= \$250x](https://tex.z-dn.net/?f=250%5Ctimes%20x%3D%20%5C%24250x)
Cost of product (C)= ![\$ 181\times x+ \$ 430000](https://tex.z-dn.net/?f=%5C%24%20181%5Ctimes%20x%2B%20%5C%24%20430000)
∴ Cost of product (C)= ![\$ 181x+ \$ 430000](https://tex.z-dn.net/?f=%5C%24%20181x%2B%20%5C%24%20430000)
Now, finding the number of unit sold.
Forming an equation for profit.
We know, Profit= ![Revenue-cost](https://tex.z-dn.net/?f=Revenue-cost)
⇒ ![\$ 25400= 250x- (181x+430000)](https://tex.z-dn.net/?f=%5C%24%2025400%3D%20250x-%20%28181x%2B430000%29)
Opening parenthesis.
⇒ ![25400= 250x- 181x- 430000](https://tex.z-dn.net/?f=25400%3D%20250x-%20181x-%20430000)
⇒ ![25400= 69x- 430000](https://tex.z-dn.net/?f=25400%3D%2069x-%20430000)
Adding both side by 430000
⇒ ![455400= 69x](https://tex.z-dn.net/?f=455400%3D%2069x)
Dividing both side by 69
⇒ ![x= \frac{455400}{69}](https://tex.z-dn.net/?f=x%3D%20%5Cfrac%7B455400%7D%7B69%7D)
∴ ![x= 6600 units](https://tex.z-dn.net/?f=x%3D%206600%20units)
Hence, total number of units sold to earn $25400 is 6600 units.