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
Arlecino [84]
3 years ago
15

Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's t

otal-debt-to-total-capital ratio was 15.0%. The firm finances using only debt and common equity and its total assets equal total invested capital. Based on the DuPont equation, what was the ROE? Do not round your intermediate calculations.
Business
1 answer:
meriva3 years ago
4 0
Capital 19,000 year end yay
You might be interested in
The goal of operations management is to produce a good or service at the highest possible cost while maintaining the lowest poss
Sophie [7]
That answer is True because it says that the lowest possible quality and it is true
4 0
3 years ago
Read 2 more answers
An entrepreneur purchased an existing bicycle shop that had between $120,000 and $150,000 worth of sales annually for the past t
stepan [7]

Answer:

Forecasted sales: 25% maximum reduction.

Recommendations: try new ways to increase sales during the months left, or reduce its own cost.

Explanation:

  • If sales usually increase between March 1 and June 30, and this period accounts for 50% of annual revenue, if revenue is proportional to sales, a reduction in sales will reduce revenues.
  • Between March 1 and June 30 there are 4 months.
  • If sales usually pick up in March and this year they were low until the beggining of May, it means that  only 2 of the 4 most productive months were higly productive.
  • If 50% of sales are concentrated in this 4 months, and this year 2 of the 4 months were not really productive, a maximum 25% of sales (and hence of revenues) may have lost.
  • Therefore, revenues may lower by 25% this year.
  • To avoid losses, it is advisable to try new ways to increase sales during the months left, that can consist on doing some advertisement and promotions (related to health care linked to exersice for example), that helps increasing sales in the months left, to compensate the looses of the 2 months. If sales cannot be increased, it is advisable to reduce cost to avoid further looses.
6 0
3 years ago
Jefferson County bought a new backhoe using General Fund cash. When the asset was acquired, what was the appropriate entry that
GalinKa [24]

Answer:

a. Debit Equipment; Credit Cash.

Explanation:

Backhoe is a fixed asset therefore, cannot be categorized as an expenditure, further it is paid in cash therefore, cash account will be credited, and further

Equipment will be debited, as asset account is debited if created or any value added in it , also in categorization the equipment will be clubbed in fixed assets but directly the amount will not be debited to fixed assets.

Therefore correct entry will be:

Debit Equipment

Credit Cash

6 0
3 years ago
If a company is altering the price of its product to compete with the local companies in the international market, it is most li
Dimas [21]

Answer:

The correct option is 3

Explanation:

Packaging is one of the vital factor or element of the product, which is defined as the wrapping the material or the product that serves to identify, display, describe, promote, contain and protect the product marketable.

The motive of the packaging the product is to protect the product from damage while in transit as well as serve for competing in the market with other products. So, if the company is involved in altering the price of the product to compete, it is focusing on the packaging of the product.

4 0
4 years ago
A corporation can be charged with any crime, provided an employee of the company has acted (wrongly) within the scope of their e
andrew-mc [135]

Answer: The correct answer is True.

Explanation: This is a case of employer liability - employers are liable to their employees' act, whether it was due to the employer's intention or not, or whether the employer means to cause harm or not, provided the employees still act within the scope of their employment. The same applies if the employees had carried out good deeds within the scope of their employment, the employers share the good news - just the same way an employer profits from employee's labor, the employer is legally liable when the employee commits harm.

Employers are <em>vicariously liable</em> under doctrine of "respondeat superior" for the negligence or omissions caused by their employees during the course of their employment with the company. The doctrine of "respondeat superior" according to Law dictionary means a doctrine in tort law that makes a master liable for the wrong of a servant. There was a particular scenario I witnessed: a colleague of mine while working late at work had a visitor at the Reception and opted to see him. Unfortunately for her, an accident happended - a car broke into the office and she sustained a lot of injuries. The employer paid for all her reimbursable expenses during her treatment, paid her mum a certain amount for taking care of her, including buying her a new phone because the old one got damaged during the accident although insurance took care of some of the health bills. Because the employer knew it was binding in the court of law, she could not be forced to resume. She eventually resumed after 6 months!

8 0
3 years ago
Other questions:
  • A client has an options account that is qualified to buy options and sell covered calls. The client calls his representative, te
    13·1 answer
  • What recommendation do you have for alikay naturals to improve or replace moisturizing black soap shampoo?
    14·1 answer
  • During 2022 Wildhorse Co. had sales on account of $770000, cash sales of $303000, and collections on account of $515000. In addi
    11·1 answer
  • Which of the following should be disclosed by a company providing health care benefits to its retirees? I. The assumed health ca
    13·1 answer
  • Suppose that each day, northern, central and southern California each use 100 billion gallons of water. Also assume that norther
    5·1 answer
  • Tampa Tribune's dominant strategy is ____________ (low price, high price, it has no dominant strategy).
    9·1 answer
  • If you owned a trade secret, what methods would you employ to protect it?
    14·1 answer
  • An important difference between a perfectly competitive firm and a monopolist is
    8·1 answer
  • The face value of a bond is the ____.
    9·1 answer
  • Career information can often be obtained at the library by looking through _____.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!