Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The sales budget for the year shows 50,600 units and total sales of $2,317,800.
The total unit cost of making one unit of sales is $22.
Selling and administrative expenses are expected to be $304,000.
Income taxes are estimated to be $270,180.
Income statement:
Sales= 2,317,800
COGS= (22*50,600)= (1,113,200)
Gross profit= 1,204,600
Selling and administrative= (304,000)
Tax= (270,180)
Net operating profit= $630,420
Answer:
The maximum interest rate which the bank needs to offer the loan is 3%
Explanation:
The maximum interest rate which the bank needs to offer the loan is computed as:
Maximum interest rate = Amount received in one year - Amount invested today / Amount invested today
where
Amount received in one year is $6,180
Amount invested today is $6,000
Putting the values above:
Maximum interest rate = ($6,180 - $6,000) / $6,000
= $180 / $6,000
= 3%
So, the maximum interest rate is 3% which is needed to offer by banks
Answer:
1. The company's profit margin is 13.4% percent.
profit margin = net income / net sales = $45,064 / $336,329 = 13.4%
2. The total asset turnover is 0.82 times.
asset turnover ratio = net sales / average assets = $336,329 / [($387,891 + $432,000)/2] = $336,329 / $409,945.50 = 0.82
3. The equity multiplier is 1.7 times.
equity multiplier = average total assets / average total equity = $409,945.50 / [($205,936 + $275,000)/2] = $409,945.50 / $240,468 = 1.70
4. Using the Du Pont Identity, the company's ROE is 18.68% percent.
ROE = profit margin x asset turnover x equity multiplier (or financial leverage) = 0.134 x 0.82 x 1.7 = 0.1868 = 18.68%
The answer is the correct value
<span>To evaluate the accuracy of a measurement, the measured value must be compared to the correct value and you must compare the values of two or more repeated measurements
By doing this, you will have a set of standard to follow to make sure that the result of your research still placed within the scope of standards that accepted by experts in your field, which reduce the likelihood of your result to be considered as invalid.</span>
When there is a decrease in supply, it would be reflected by a change from Curve A to Curve C.
<h3>How are supply decreases reflected?</h3>
When supply decreases, it leads to the supply curve shifting to the left to show that there is a lesser quantity available.
In the graph therefore, a decrease in supply would be shown as a shift from Curve A to Curve C or Curve B to Curve A.
Find out more on decreases in supply at
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