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lapo4ka [179]
3 years ago
14

What is the product 0.3 × 8.7? please help me

Business
2 answers:
mixas84 [53]3 years ago
8 0

Answer:

2.61

Explanation:

STatiana [176]3 years ago
3 0
The answer is 2.61 because if you multiply it will be 2.61
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Describe the two primary functions of financial accounting
andreev551 [17]

Answer: Measurement and presentation of financial performance

Explanation: The two primary functions of financial accounting are measurement and presentation of financial performance.

The measurement function is performed by following accounting procedures and policies under US GAAP and IFRS.

Whereas, presentation function relates to preparation of financial statements like income statement and cash flow statement.

6 0
4 years ago
You call a coworker to see if they can come help you solve a problem<br>​
Sholpan [36]
Yes/true/correct/not false
8 0
4 years ago
Suppose you are a manager of a firm that operates in a duopoly. Recently, the state attorney general fined you and your competit
larisa86 [58]

Answer: The price level  chosen to maximize profits will be $ 6.71

Explanation:

Whenever there is price fixing between two competitors, and one of the competitor decides to choose a price level. Such competitor must ensure that the price level chosen to maximize profit does not exceed his or her competitor's marginal cost but can be  above his or her marginal cost .

Since the price fixing is $10 from previous cartel price so the best price level to maximize the profit would be less than my  rival's  price of   $ 6.72 and more than my  marginal cost of $ 6.70  which is $ 6.71

8 0
3 years ago
For a mutual fund, the typical yearly management fee ranges from 2.5 to 5 percent of total dollar amount invested.
san4es73 [151]
I think the answer is B) False
8 0
3 years ago
Read 2 more answers
Financial Statements and Ratios-Bike-With-Us Corporation, a specialty bicycle parts replacement venture, was started last year b
valentinak56 [21]

Answer:

B.

Current Ratio 3.86

Quick Ratio 1.48

NWC to total assets ratio 0.458

C. Debt to asset 0.452

Debt to equity 1.18

Interest Coverage 6 times

D. Net profit margin 5.8%

sales to total asset 2.48 times

return on assets 14.5%

E. Equity multiplier 2.18 times

Explanation:

<u>A.</u>

<u>Income Statement :</u>

Sales $325,000

Operating costs $285,000

Gross profit $40,000

Less Expense :

depreciation $10,000

Earning before Interest and Tax $30,000

Interest Expense $5,000

Earning after Tax $25,000

Tax expense $6,000

Net Income $19,000

<u>Balance Sheet:</u>

Assets:

Cash $1,000

Receivables $30,000

Inventories $50,000

Current Assets $81,000

Fixed Assets $50,000

Total Assets $131,000

Equity:

Stockholder's Equity $60,000

Liabilities:

Payables $11,000

Accruals $10,000

Current Liabilities $21,000

Long term Loan $50,000

Total equity and liabilities $131,000

3 0
3 years ago
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