Answer:
Return on Assets = 159.52%
Profit Margin = 11.75%
Asset Turnover Ratio = 1.36 times
Explanation:
The computation of return on assets, profit margin, and asset turnover ratios is shown below:-
a. Return on assets
Average Total Assets = Assets in the beginning + Assets at the end ÷ 2
= ($80 million + $88 million) ÷ 2
= $168 ÷ 2
= $84 million
Return on Assets = Annual Net Income ÷ Average Total assets
= $13.4 million ÷ $84 million
= $159.52 million
b. Profit Margin
Profit Margin = Net Income ÷ Net Sales
= $13.4 million ÷ $114 million
= 11.75%
c. Assets turnover ratio
Average Total Assets = Assets in the beginning + Assets at the end ÷ 2
= ($80 million + $88 million) ÷ 2
= $168 ÷ 2
= $84 million
Asset Turnover Ratio = Net Sales ÷ Average Total assets
= $114 million ÷ $84 million
= 1.36 times
Answer:
Intrinsic and extrinsic motivation.
Explanation:
In psychology, there are mainly two distinct types of motivation i.e the intrinsic and the extrinsic motivation through which an individual is able to perform certain activities of his or her life.
Intrinsic motivation is described as a motivation in which an individual is being motivated to perform a specific task internally i.e it comes from within an individual to perform that task.
Extrinsic motivation is described as a type of motivation in which an individual certain task to get some external rewards, for example, affection, good grades, presents, etc.
Depending on a person to person whether he or she is being externally or internally motivated and on the situations as well. So, an individual can be both or can externally or internally motivated.
In its most general sense, a fair use is any copying of copyrighted material done for a limited and “transformative” purpose, such as to comment upon, criticize, or parody a copyrighted work. ... In other words, fair use is a defense against a claim of copyright infringement.
Answer:
$2,176,000
Explanation:
The computation of the Carlson’s share of consolidated net income is shown below:
= Net income for 2018 + Madrid net income × ownership percentage + income from bond + excess interest
= $1,500,000 + $705,000 × 80% + $110,000 + $2,000
= $1,500,000 + $564,000 + $110,000 +$2,000
= $2,176,000
The income from bond would be
= $1,200,000 - $1,090,000
= $110,000
And, the excess interest would be
= $96,000 - $94,000
= $2,000
Answer:
Direct labor time (efficiency) variance= $40,000 favorable
Explanation:
Giving the following information:
The standard direct labor cost for producing one unit of product is 5 direct labor hours at a standard rate of pay of $20.
Last month, 18000 units were produced, and 88000 direct labor hours.
T<u>o calculate the direct labor quantity variance, we need to use the following formula:</u>
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 18,000*5= 90,000
Direct labor time (efficiency) variance= (90,000 - 88,000)*20
Direct labor time (efficiency) variance= $40,000 favorable
