Answer:
Net Income = $75,281.80
Explanation:
Given that
Total assets turnover = sales/total assets
Where
Sales = 2.75 million
Asset turnover = 2.7
Thus
Total assets = 2750000/2.7
= $1,018,518.52
Also,
EM.= Total assets/equity
Where
EM = 2.53
Assets = $1,018,518.52
Thus,
Equity = 1,018,518.52/2.53
= $ 402,576.49
Finally,
Recall that
ROE = Net Income ÷ Equity
Therefore,
Net income = ROE × Equity
Where
ROE = 18.7 % = 0.187
NI = 0.187 × 402576.49
= $75,281.80
Answer:
The answer is A.) Recognized in the current period, regardless of whether the percentage-of-completion or completed contract method is employed.
Explanation:
The long -run cost function can be estimated using either time-series cost-output data collected on a plant (or firm) whose size has been variable over time, or cross-sectional cost-output dasta collected on a sample of plants,(firms) of different sizes at a particular point on time.
Answer:
first one is T the second is F
Answer:
The problem with the argument that infant industries need to be protected from foreign competitions are as follows:
1, Fall in standard of living
2. Barrier to free trade
3. Invitation to trade wars
4. Protection of inefficient industries
5. Distortion of free market actors
Explanation:
1. Fall in Standard of Living - Consumers are not forced to patronize producers of substandard products due to the barriers to suppliers of high quality imported goods.
2. Barrier to Free Trade- Trade protection is a barrier to free international trade, the gains of the principles of comparative cost advantage upon which international trade is established will be lost.
3. Invitation to Trade Wars - Other countries may take retaliatory measures
which may eventually lead to trade war between or among trade partners.
4. Protection of Inefficient Industries - The incentive to perform better is not there when infant industries are protected from foreign competitors.
5. Distortion of free market actors - Protection leads to distortion in market equilibrium which will lead to market failure.