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
Anestetic [448]
2 years ago
5

Y3K, Inc., has sales of $6,229, total assets of $2,845, and a debt-equity ratio of 1.6. If its return on equity is 12 percent, w

hat is its net income?
Business
1 answer:
solmaris [256]2 years ago
6 0

Answer: $131.31

Explanation:

The following can be gotten from the question:

Debt to equity ratio = 1.60

Since Asset = debt+ equity

Let's represent equity = x

Therefore, 2845 = 1.60x + x

2845 = 2.60x

x = 2845 / 2.60

x = 1094.23

Therefore, equity = 1094.23

Then Debt will be:

= 1094.23 × 1.60

= 1750.77

Since the return on equity is given as 12%, then:

ROE = Net Income/ equity

0.12 = Net income / 1094.23

Net income = 1094.23 × 0.12

= 131.31

You might be interested in
What is the most common offline way to collect employee feedback
makkiz [27]

Answer:Employee Meetings

3 0
3 years ago
The eventual result in the U.S. v. Microsoft case was: a. Bill Gates was sentenced to one year in prison for violations of the S
liraira [26]

Answer: C. The court concluded that Microsoft violated the Sherman Act

Explanation: The case between United States v. Microsoft Corporation which took place at the

United States Court of Appeals for the District of Columbia Circuit during the period February 26–27, 2001 and was finally decided June 28, 2001.

It was decided by the District Court that Microsoft violated the Sharma Antitrust Act of 1890.

4 0
3 years ago
The ________ section details the tactics the firm will use to develop, market, and sell the offering.a. executive summarySelect
r-ruslan [8.4K]

Answer:

The correct answer is letter "B": strategy.

Explanation:

The strategy section of a business plan highlights all the techniques the firm could carry out to produce, publish, and sell its goods or services. Besides, in this section, the main problems a company might face during operations are exposed and the methods specialists will implement to attempt to figure out those situations.

3 0
3 years ago
On October 1, Vista View Company rented warehouse space to a tenant for $3,600 per month. The tenant paid five months' rent in a
Damm [24]

Answer:

The adjusting entry needed on December 31 is:

Debit Unearned Rent revenue $10,800

Credit Rent Revenue $10,800

Explanation:

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.

The tenant paid five months' rent in advance on October 1. From October 1 to December 31, Vista View Company had rented warehouse space to a tenant for 3 months.

The adjusting entry needed on December 31 is:

Debit Unearned Rent revenue $10,800  ($3,600 x 3 = $10,800)

Credit Rent Revenue $10,800

7 0
3 years ago
How to beg your professor for a passing grade?
Vlad1618 [11]
Some tears will do the job.
6 0
3 years ago
Other questions:
  • An operation operates with a variable cost percentage of 72%. The owner wants to increase sales revenue by an amount necessary t
    12·1 answer
  • If a process produces 1,350 DPMO over the short term, what is the expected Sigma Level over the long term
    14·1 answer
  • Does anyone know the answers in this chapter???
    6·2 answers
  • Suppose the president of the united states announces a new set of reforms that includes a new​ anti-inflation program. assuming
    15·1 answer
  • Which of the following is an example of a company that serves a niche market?
    7·1 answer
  • POINTS!!!!!!!!!!!!!! BRAINLIEST AND 20+ POINTS!!!
    7·2 answers
  • The records of Hollywood Company reflected the following balances in the stockholders' equity accounts at the end of the current
    11·1 answer
  • Comparative advantage is the ability to convince others of the best choices to make in their own self-interest. perform an activ
    9·1 answer
  • Which of the following would be a producer? someone owning a book store someone shopping in a grocery store someone putting gas
    12·1 answer
  • A credit memorandum results in a(n) _____ in a customer's accounts receivable file.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!