ANSWER: The most correct option is, option D. " Is the only company that manufactures organic fair trade chocolate".
EXPLANATION: The Theo chocolate which has been in existence since 2006 and they are the first and only chocolate company that uses organic fair trade in it's chocolate production in America. They has used an organic fair trade strategy, to bring in concerns from chocolate lovers, which shows how genuine and compassionate the company has been to cocoa farmers by announcing a fair price for buying cocoa from all farmers. This will also make chocolate lovers, to believe the company uses organic products in it's production of chocolate. This marketing strategy has made the Theo chocolate to be operational till date.
Answer:
Annual deposit = $1,661.497
Explanation:
This investment scheme been considered is known as sinking funds.
<em>A Sinking Fund involves saving a series of equal amount periodically invested at certain rate of interest to accumulate a target amount in the future.</em>
The amount to be deposited periodically can be determined as follows:
A= FV/ ((1+r)^(n) - 1)/n)
A- annual deposit, FV- future value - $12,500 r- 9%, n- 6
So we can apply this formula as follows:
A = 12,500/ (1.09^(6)-1)/0.09
A = $1,661.497
Explanation:
Total Sales = 75,000
Bad debt = 75,000*3% = 2250
Entry: Debit Credit
Bad debt expense 2250
Allowance for Doubtful debt 2250
Question Completion with Options:
A. greater investment.
B. All of the above are correct.
C. higher public saving.
D. a higher interest rate.
Answer:
Other things the same, the effects of an increase in transfer payments on the government's budget deficit will lead to
D. a higher interest rate.
Explanation:
When the government is operating a budget deficit, it means that its spendings are more than its tax revenues. It then resorts to issuing treasury bills and bonds to finance the deficit. This naturally reduces the price of bonds and raises interest rates. With rising interest rates, firms and individuals reduce their spending. The cost of borrowing becomes more expensive than before.
Answer:
(a) 0.1224
(b) 0.3825
Explanation:
Given that,
Net income = $15,300,000
Net sales = $450,000,000
Total assets = $125,000,000
Stockholders’ equity = $40,000,000
(A) Return on assets:
= Net income ÷ Total assets
= $15,300,000 ÷ $125,000,000
= 0.1224
(b) Return on equity:
= Net income ÷ Stockholders’ equity
= $15,300,000 ÷ $40,000,000
= 0.3825
