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Doss [256]
3 years ago
11

Database Systems is considering expansion into a new product line. Assets to support expansion will cost $500,000. It is estimat

ed that Database can generate $1,990,000 in annual sales, with an 7 percent profit margin. What would net income and return on assets (investment) be for the year
Business
1 answer:
Daniel [21]3 years ago
7 0

Answer:

Net income= 139,300

ROA= 27.86%

Explanation:

The assets to support the expansion is $500,000

It is estimated the entire database can generate $1,990,000

The profit is 7%

The net income can be calculated as follows

= 1,990,000×7/100

= 1,990,000×0.07

= $139,300

The ROA can be calculated as follows

= 139,300÷500,000

= 27.86%

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Keith_Richards [23]

Answer: Pharaohs journal $

Date

December 31, 2017

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Accruede liability Cr384,900

Narration. Staff bonus due as at date.

February 15,2018

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Bank Cr. 384,900

Narration. Payment of staff bonus due

Explanation:

In line with the acrual concept of recognising expenses at the period they are due for payment. The staff bonus will be recognized as an expense to the income statement in 2017 and accrued as liability in the balance sheet if it's not paid.

The payment in 2018 will be a debit to the liability account and credit to the cash or bank account.

5 0
3 years ago
Kodak resisted making changes as the photography environment was moving from chemical to digital processes. Its ___ prevented th
omeli [17]

Answer:

The correct answer is inertia.

Explanation:

Inertia is called in physics the resistance that bodies oppose to modify their state of motion or stillness, either to alter their speed, their course or to stop; although the term also applies to the modifications of your physical state.

A body, thus, requires a force that overcomes inertia to alter its trajectory, which would otherwise adhere to the laws of uniform rectilinear motion, or to initiate a movement, otherwise it would remain at rest. This, of course, considering that there is no rest or rectilinear and uniform movement in the universe, except based on a reference (observation) system. That is why it is preferred to speak of "relative rest."

7 0
3 years ago
On June 1, Edward visited a bicycle sales and service center. Edward spotted a used bike he liked and was told by the dealer tha
Salsk061 [2.6K]

Answer:

"Yes" will be the correct response.

Explanation:

  • The dealership has been obliged to Edward since Edward as well as Dealer had written agreements stating that somehow Edwards may acquire their motorbike on the day before the fifteenth of June.
  • The two parties offered and otherwise accepted as well as agreed in writing. That's because the contract remained valid, Dealer may be prosecuted as well for contravention.
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3 years ago
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Ostrovityanka [42]
To start their own business, usually this supports their local economy however still depending on their success. 
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3 years ago
Why is a high-quality bond typically considered a lower-risk investment than a stock?
Verdich [7]
<span> <span>In investment, the term risk can be defined as the possibility of the investor losing all or part of their capital in a given venture. High quality bonds are considered lower risk because the the investor is promised to receive face value after a certain period unlike stocks that do not carry the same promise. Returns on high quality bonds are also guaranteed in the form of fixed interest rates whereas in stocks, a company may pay dividends but this is not an obligation on their part. Lastly bonds are safer investment as they are less susceptible to abnormal price changes unlike stocks whose prices can easily swing in either direction.</span></span>
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3 years ago
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