Answer: $952500
Explanation: targeted equity ratio is 65% = 0.65
Capital budget = $850000
Dividend = net income - (target equity ratio × total budget)
400000 = N - (0.65 × 850000)
Make N the subject of formula
Net income N = $952,500
Answer:
c. Sociocultural dimension
Explanation:
The sociocultural dimension of the general environment takes into account the demographic traits of society such as age, race, religion etc. as well as the society's attitudes and cultural values. It is important for businesses to operate in ways that respect the sociocultural environment within which they operate.
Answer:
19.82%
Explanation:
Midpoint method = Q2 - Q1 / [(Q2 + Q1) / 2] / P2 - P1 / [(P2+P1) / 2]
3.33 = 2000 - 1000 / [(2000 + 1000) / 2] / P2 - P1 / [(P2+P1)/2]
3.33 = 0.66 / (P2 - P1) / [(P2+P1)/2]
By cross multiplying we have
0.66 = 3.33 [ (P2 - P1) / [(P2+P1)/2]
divide both sides by 3.33
19.82% = The mid point change in price.
Answer:
C. $222,500 ÷ $313,500
Explanation:
Calculation for cost to retail ratio
COST
Beginning inventory $30,000
Add; Purchases $190,000
Add: Freight in $2,500
Cost $222,500
RETAIL
Beginning inventory $45,000
Add: Purchases $260,000
Add: Net mark ups $8,500
Retail $313,500
Therefore, the cost to retail ratio will be
$222,500 $313,500
