Answer:
7.8%
Explanation:
The formula and the computation of the return on assets is shown below:
Return on assets = (Net income) ÷ (average of total assets)
where,
Net income is $32,500
And, the average of total assets equal to
= (Beginning assets + ending assets) ÷ 2
= ($405,000 +$425,000) ÷ 2
= $415,000
So, the return on assets is
= $32,500 ÷ $415,000
= 7.8%
If its true or false its true
Answer:
The budgeted materials needed in units for April is 64,800 units
Explanation:
In order to calculate the budgeted materials needed in units for April we would have to use the following formula:
Budgeted Materials =Materials needed +ending inventory −beginning inventory available
To calculate the ending inventory we would have to use the following formula:
Ending inventory=0.3×Following month budgeted materials
Ending inventory=0.3×62,000
Ending inventory=18,600
Therefore, Budgeted Materials =66,000+18,600−19,800
Budgeted Materials= 64,800 units
The budgeted materials needed in units for April is 64,800 units
The term which refers to the innovations that could improve financial services is; Choice B; Fintech.
<h3>What is fintech?</h3>
Finance: This is the science of management of money and other assets.
Technology is the use of modern knowledge and equipment to perform an activity.
The term fintech in its simplest meaning refers to financial technology which involves the application of technological knowledge to the trading of financial services.
Such financial services may range from peer to peer lending, mobile wallets among a host of other types of services.
Hence, it follows that the general term which refers to innovations that could improve financial services is; Choice B; fintech.
Read more on fintech;
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The overall sacrifice a consumer makes to acquire a product or service is known as <u>price</u>.
All the products and services offered in the market have a price, which is the money that the consumer or client must pay to complete the operation.
The price, at a conceptual level, expresses the value of the product or service in monetary terms and the overall sacrifice that the consumer must give to acquire said product or service.
- Raw materials, production time, technological investment and competition in the market are some of the factors that influence price formation.
- The increase in prices over time is known as inflation, while the opposite trend is called deflation.
Therefore, we can conclude that the overall sacrifice a consumer makes to acquire a product or service is known as price.
Learn more here: brainly.com/question/12435467
