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Nikolay [14]
3 years ago
12

Balthazar Corporation has total assets of 582, total equity of 269, and a return on equity of 13.98%. The ROA for Balthazar is__

____________.
Business
1 answer:
nexus9112 [7]3 years ago
3 0

Answer: 6.46%

Explanation:

Return on Assets (ROA) = Net Income / Total Assets

Net Income = Return on Equity * Total Equity

= 13.98% * 269

= 37.6062‬

Return on Equity = 37.6062‬/582

= 0.0646

= 6.46%

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Monopolistic competition resembles pure competition because:
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Answer:

The correct answer is D.

Explanation:

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Monopolistic competitive markets:

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7 0
3 years ago
Suppose an economist argues that it would be fairer if everyone in society had to pay the same portion of their income in taxes
nata0808 [166]

Answer:

Proportional Tax

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8 0
3 years ago
Fosnight Enterprises prepared the following sales budget: The expected gross profit rate is 30% and the inventory at the end of
Travka [436]

Answer:

$1,960

Explanation:

Complete Questin:

Fosnight Enterprises prepared the following sales budget:

Month Budgeted Sales

March $6,000

April $13,000

May $12,000

June $14,000

The expected gross profit rate is 30% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What is the desired beginning inventory on June 1?

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