1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Genrish500 [490]
3 years ago
7

For Year 2, Etzkorn Corporation's sales were $1,480,000, its gross margin was $580,000, its net operating income was $63,714, it

s net income before taxes was $42,714, and its net income was $29,900. The company's total stockholders' equity at the end of Year 2 amounted to $829,000 and at the end of Year 1 to $800,000. The company's return on equity for Year 2 is closest to:
a. 3.67%
b. 60.16%
c. 5.24%
d. 7.82%
Business
1 answer:
mixer [17]3 years ago
6 0

Answer:

Return on equity = Net income/Shareholders' equity x 100

                            = $29,600/$829,000 x 100

                            = 3.57%

The company's return on equity is closest to 3.67%

Explanation:

Return on equity is the ratio of net income to shareholders' equity. The net income = $29,600 and shareholders' equity = $829,000. The division of net income by shareholders' equity gives return on equity.

You might be interested in
The American Eagle chain of retail stores has a reputation as one of the "coolest" brands according to Teen Research Unlimited.
katovenus [111]

Answer:

(a) Men and women aged 16 to 22

Explanation:

The teens nitch is defined from 13 to 19 years old, therefore the youngster in the age from 16 to 22 is the optimal market for American Eagle.

3 0
4 years ago
The Carry-on Luggage Company must set up an assembly line for a wheeled carry-on bag. Forecasts show that 60 units per hour shou
Diano4ka-milaya [45]

Answer:

a. See attachment below

b. 60 seconds per unit

c. 4 workstations

d. See attachment below

e. Efficiency = 81.25%

Explanation:

b.

Time required = 60 units per hour

Task time = Time required to for production per units

Since 1 hour is required for 60 units and there are 3600 seconds in one hour (60 * 60)

This is calculated by.

3600seconds/60 units

= 60 seconds per unit

c. Theoretical Number of workstations is calculated by:

Total Time Taken/Task Time

=(30 + 50 + 25 + 10 + 25 + 15 + 10 + 30)/60

= 195/60

= 3.25

This is round up to 4 workstations

d. See Attachment Below

e. Efficiency is calculated as:

(Total Time Taken)/ (Theoretical Workstations * Task Time)

= 195/(4 * 60)

= 195/240

= 0.8125

= 81.25%

4 0
3 years ago
Which best explains what happens to the money that a consumer deposits into a bank account? The bank saves some of the money for
Nina [5.8K]

Answer: The bank reserves part of the money and uses the rest to make loans to other people who need them.

Explanation: money doesn't just sit in the banks. the money will still there but some will be used by the banks for other loans and interests.

(i also took the test so this is most likely correct)

hope it goes well!

6 0
3 years ago
The current dividend yield on CJ's common stock is 1.89 percent. The company just paid a $1.23 annual dividend and announced pla
belka [17]

Answer:

The required rate of return on this stock is 13.27%

Explanation:

The computation is shown below:

First, we have to determine the dividend growth and then the growth rate. Afterward, the final answer will come

Dividend growth rate = Next year dividend - current year dividend

= $1.37 - $1.23

= $0.14

Now the growth rate would be equal to

= (Dividend growth) ÷ (current year dividend)

= ($0.14) ÷ ($1.23)

= 11.38%

Now add the dividend yield to the growth rate

So, the required rate of return would be

= 11.38% + 1.89%

= 13.27%

8 0
3 years ago
Match the terms in Column I with the definitions in Column II.
Aleksandr-060686 [28]

Answer: 1) Drawer = B. Writer of the check. A drawer is who signs the check.

2) Drawee = F. payee. The check is in favor of this person.

3) Endorsement =  D. transfer the check.

4) Post-dated check =  E. future date. It is a check that can be cashed from a future date.

5) Prove cash = C. reconcile the bank statement.

7) Imaged check = A. substitute check.

7 0
3 years ago
Other questions:
  • Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total
    13·1 answer
  • Joe's Juice Shop operates in a monopolistically competitive market. Joe's is currently producing where its average total cost is
    10·1 answer
  • Which one of the following is a primary market transaction?
    11·2 answers
  • A(n) ________ group is created to do something productive for the organization and is headed by a leader. for example, this grou
    6·1 answer
  • A) provide funding flexibility to the purchaser.
    12·1 answer
  • The proformas are dynamic financial statements that recalculate based on your decisions. T/F?
    6·1 answer
  • Ayayai Corp. sells merchandise on account for $7000 to Nash's Trading Post, LLC with credit terms of 2/8, n/30. Nash's Trading P
    14·1 answer
  • Companies have the opportunity to use varying amounts of different sources of financing to acquire their assets, including inter
    15·1 answer
  • The producers of Power Drink promote their drink over Energy Plus Drink in their advertisements. This type of advertisement is r
    14·2 answers
  • A ten-year note is priced at par and has a (modified) duration of 7.8 years. A twenty-five year bond has a (modified) duration o
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!