Answer:
Total assets turnover = 5.5
Equity multiplier = 1.55
Explanation:
The return on assets (ROA = 11%) is defined as the profit margin (2%) multiplied by the total assets turnover (TAT):
The return on equity (ROE = 17%) is defined as the product of the return on assets (ROA = 11%) by the equity multiplier (EM):
The company's total assets turnover is 5.5
The firm's equity multiplier is 1.55
The main thing which superior performance allows a firm to do is:
- reinvest some of its profits in gaining more resources and thus grow.
<h3>What is Business Strategy?</h3>
This refers to the creation and maintenance of competitive advantage of a particular market against other competitors which gives a particular business an edge in the market.
With this n mind, we are told that successful business strategies generate value and then if they are able to leverage on this, then they can reinvest the profits.
Read more about business strategies here:
brainly.com/question/25686320
Answer:
Total factory overhead rate = $200,000
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Explanation:
Total overhead allocated to Desk lamps
Desk lamps Amount
Setups 60,000/24,000 * 16,000 = 40,000
Inspections 120,000
/24,000 * 8,000 = 40,000
Assembly 280,000/28,000 * 12,000 = <u>120,000</u>
Total factory overhead rate = <u>$200,000</u>
Answer:
Dr. Cash $2,500
Cr. Treasury Shares $2,300
Cr. Paid-In-Capital Treasury Stock $200
Explanation:
Treasury stock is the share of the company issued earlier and bought-back. It can be reissued and cancelled by the company.
At the time of repurchase
Treasury Shares = 100 x $23 = $2,300
Dr. Treasury Stock $2,300
Cr. Cash $2,300
At the time of Resale
All the difference in the issuance of treasury stock will be transferred to Paid-In-Capital Treasury Stock account.
Proceeds = 100 x $25 = $93,600
Paid-In-Capital Treasury Stock = $2,500 - $2,300 = $200
Answer:
D. protects depositors in the event of bank failures
Explanation:
