Meade Nuptial Bakery makes very elaborate wedding cakes to order. The company has an activity-based costing system with three ac
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The numerator of the return on common stockholders' equity is net income minus preferred dividends.
Option d
<u>Explanation:</u>
Return on common stockholders' equity which is also named as return on equity (ROE) ratio evaluates the accomplishment of a company in resulting income for the benefit of common stakeholders.
<em>Use of return on equity:</em>
- Isolates common equity returns
- Can be used to evaluate dividends
- Evaluates the use of capital by the management
It is calculated by income available for stockholders divided by the total number of common stock and is expressed or represented in percentage. Income available for common stockholders can be arrived by reducing preference dividends from Net income.
That is,
Hence, net income minus preferred dividends is the right answer.
Answer: $623 billion
Explanation:
Gross Domestic Product refers to the final value of the goods and services produced within a country in a certain period which is usually a year.
It can be calculated by several approaches with one of them being the Expenditure approach.
The formula is:
= Consumption + Investment + Government spending + Net exports
= 400 + 88 + 128 + 7
= $623 billion
