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
julia-pushkina [17]
3 years ago
8

Database Systems is considering expansion into a new product line. Assets to support expansion will cost $750,000. It is estimat

ed that Database Systems can generate $2,150,000 in annual sales, with an 7 percent profit margin. What would net income and return on assets (investment) be for the year? (Input your return on assets answer as a percent rounded to 2 decimal places.)
Business
1 answer:
Delvig [45]3 years ago
4 0

Answer:

The net income is $150,500 and the return on assets is 20.06 %

Explanation:

The formula for computing net income and return on assets is shown below and the computation is also made.

Net income =  Sales revenue × Profit margin

                   = $2,150,000 × 7%

                   = $150,500

Return on assets = Net income ÷ total assets

                            = $150,500 ÷ $750,000

                            = 0.2006

                            = 20.06 %

Thus, the net income is $150,500 and the return on assets is 20.06 %

You might be interested in
After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those good
ikadub [295]

Answer: substitute

Explanation:

After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those goods are substitutes.

Substitute goods are the goods that serve thesame functions and one can be used to replace the other one. Since both goods produced are substitutes, that means when there's price increase, even though consumers shift from one good to another, there's still rise in price which will increase profits

7 0
3 years ago
Renfroe Corporation is considering the purchase of a machine that would cost $22,712 and would have a useful life of 5 years. Th
Dennis_Churaev [7]

Answer:

option (A) 12%

Explanation:

Data provided :

Purchasing cost of the machine = $ 22,712

Useful life of the machine = 5 years

Net annual cash inflow generated per year = $ 6,300

Now,

at for the value for internal rate of return,

the present value of inflow = Present value of the outflow for the 5 years

let the internal rate of return be r%

thus,

$ 22,712 = \frac{6,300}{1.0r^1}+\frac{6,300}{1.0r^2}+\frac{6,300}{1.0r^3}+\frac{6,300}{1.0r^4}+\frac{6,300}{1.0r^5}

on solving the above relation, we get

r ≈ 12%

Hence, option A is correct

6 0
3 years ago
What is a Financial market
Eduardwww [97]
A market in which people trade financial securities and derivatives at low transaction costs
8 0
3 years ago
Read 2 more answers
You have determined you want to buy an advanced hybrid vehicle, and a visit to ford's website has revealed that the ford fusion
Gre4nikov [31]

The answer is<u> " Information search".</u>


The Buyer Decision Processes are the decision-making processes by customers with respect to a potential market exchange previously, amid, and after the buy of an item or administration.  

Information search is viewed as the second of five phases that contain the Consumer Decision Process. Amid this stage, a customer who perceives a particular issue or need will then likely be induced to scan for data, regardless of whether it be inside or remotely. This is additionally when the client expects to look for the incentive in a planned item or administration. Amid this time, the choices accessible to the shopper are recognized or additionally cleared up.

8 0
3 years ago
Questioñ 2 (1 point)
BlackZzzverrR [31]

Answer:

business, management, and administration cluster

Explanation:

Business Management and Administration Career Cluster emphases on careers in planning, organizing, directing, and evaluating business functions.

8 0
3 years ago
Other questions:
  • Bailey Corporation manufactures and sells a number of products, including Product G. Results for last year for the manufacture a
    6·1 answer
  • Fair use allows individuals to break copyright so long as they ________.
    5·1 answer
  • Suppose that this year a small country has a GDP of $100 billion. Also assume that Ig = $30 billion, C = $60 billion, and Xn = –
    7·1 answer
  • Assuming constant inventory quantities, which of the following inventory-costing methods will produce a lower inventory turnover
    15·1 answer
  • Before prorating the manufacturing overhead costs at the end of 2016, the Cost of Goods Sold and Finished Goods Inventory had ap
    15·1 answer
  • When you stuff dollar bills under your mattress, knowing that they will be there next year to help buy your next major purchase,
    13·1 answer
  • You have an idea for a company that sources fruits from local farms and makes fresh juices on a daily basis. You want to start a
    7·1 answer
  • when comparing companies in different industries a higher profit margin always indicates which company has better management
    10·1 answer
  • Xia Co. manufactures a single product. All raw materials used are traceable to specific units of product. Current information fo
    7·1 answer
  • When wages per unit of time go up but flow rate stays the same, what happens to the costs of direct labor
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!