Answer:
Apollo's return on equity is 38.17%
Explanation:
The formula to compute the return on equity is shown below:
Return on equity = Net income ÷ total equity
where,
Net income = $50,000
And, the total equity is
= Common stock + retained earnings
= $10,000 + $121,000
= $131,000
Now put these values to the above formula
So, the value would equal to
= $50,000 ÷ $131,000
= 38.17%
Answer:
GDP B). $417
NDP C. $392
NI D. $402
PI B. $314
DI A. $284
Explanation:
Gross domestic product is the total monetary value of final goods and services produce within the country.
GDP = 20 + 40 + 24 + 35 + 90 + 75 - 22 + 10 + 123 = 417
NDP = GDP - Consumption of fixed capital
NDP = 417 - 25 = 392
NI = NDP - Statistical discrepancy + net foreign income
DI = NI - Taxes on imports - social security consumption - Corporate income tax - undistributed profits.
Answer:
Nono of the answer is correct.
Explanation:
Giving the following information:
Standard Cost: 2,400 pints at $ 3.50/pint $8,400
Actual: 2,600 pints at $ 6.00/pint $15,600
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (3.5 - 6)*2,600= 6,500 unfavorable
Answer:
4. Each $1.00 of assets in the firm generates $1.55 of sales revenue.
Explanation:
Given that
The asset turnover ratio is 1.55 times
Also, it could be calculated by applying the following formula
Asset turnover ratio is
= Sales ÷ Average assets
In this the comparison is made for generating the sales by considering the assets
Therefore in the given case, the last option is correct and hence the same is to be considered
