Answer:
10.67%
Explanation:
For computing the change in ROE first we have to find out the debt and equity values which are shown below:
The debt value = Total invested capital × debt rate
= $195,000 × 37.5%
= $73,125
And, the equity value = Total assets - debt value
= $195,000 - $73,125
= $121,875
Now we apply the Return on Equity formula which is presented below:
= (Net income ÷ Total equity) × 100
The net income is $20,000 and the equity value would remain the same
So, the ratio would be = ($20,000 ÷ $121,875) × 100 = 16.41%
And if the net income raise to $33,000
Then the new ROE would be = ($33,000 ÷ $121,875) × 100 = 27.07%
So, the change in ROE
= New ROE - Old ROE
= 27.07% - $16.41%
= 10.67%
Answer:
$972000
Explanation:
Account receivables factored = $ 900,000
Recourse Liability = $ 20,000
Due from Factor Third Bank = 900000 x 7% = $ 63,000
Loss from Factoring = (900000 x 5%) + 20000 recourse liability = $ 65,000
Amount of cash received as a result of this factoring transaction = Accounts receivables factored + Recourse Liability – Loss on factoring – Due from factor.
= 900000 + 20000 – 63000 – 65,000 = $972,000
Answer:
The correct answer is C
Explanation:
Intrinsic goods are those goods which is defined as those in relation to the instrumental goods. In short those goods which is something worthwhile not only as it leads to something else but for own happiness or pleasure.
For classical utilitarians, the only moral obligation is to maximize the utility through happiness and pleasure.
Therefore, the intrinsic goods are the only pleasure and happiness for the classical utilitarians.
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Answer: B.) Product Association
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