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Bogdan [553]
3 years ago
12

The assets for BIZZ0 in 2018 were $187,300; the liabilities for that year were $275,600; and the net income was $17,700. What wa

s the return on income for the year?
Business
1 answer:
Leto [7]3 years ago
8 0

Answer: 9.45%

Explanation:

From the question, we are informed that the assets for BIZZ0 in 2018 were $187,300, the liabilities for that year were $275,600; and the net income was $17,700.

The return on income for the year will be:

= ( Net Income / Total Assets ) × 100

= ($17,700 / $187,300) × 100

= 0.0945

= 9.45%

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Awanita Enterprises sells computer flash drives for $ 2.41 per unit. Unit variable cost is $ 0.07. The breakeven point in units
Dennis_Churaev [7]

Answer:

Margin of safety= $2,651

Explanation:

Giving the following information:

Awanita Enterprises sells computer flash drives for $ 2.41 per unit. Unit variable cost is $ 0.07. The breakeven point in units is 3,400​, and expected sales in units are 4,500

Margin of safety= 4,500*2.41 - 3,400*2.41= $2,651

4 0
3 years ago
Johnny filed for Chapter 7 bankruptcy when he was 45 years old. How old will
mafiozo [28]
For chapter 7 bankruptcy it takes 10 years for it to be removed from the credit report.

Doing simple math here-
45 + 10 = 55

Johnny will be 55 years old when the bankruptcy is removed from his credit report.
7 0
3 years ago
Read 2 more answers
Which of the following is true?
NNADVOKAT [17]

Answer: Option (D) is correct.

Explanation:

Correct option: A nation cannot have a comparative advantage in the production of every good.

A country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower than the other country.

While calculating the opportunity cost of producing a commodity, country takes into account both the commodities. Hence, it was not possible that a country is having comparative advantage in the production of every commodity.

4 0
3 years ago
A solar panel dealer acquires a used panel for $9,000, with terms FOB shipping point. Compute total inventory costs assigned to
zaharov [31]

Answer: $‭9,965‬

Explanation:

FOB Shipping point is a shipping condition that means that the buyer takes over the ownership and control of the inventory as soon as the seller ships it. Everything afterwards is therefore the responsibility of the buyer.

As the following costs come after shipping, they will be included in the acquisition cost;

= Acquisition cost + shipping insurance + transportation-in by train + used panel restoration

= 9,000 + 135 + 280 + 550

= $‭9,965‬

<em>Sales staff salaries, online advertising and lawn care are not related to the inventory. </em>

5 0
2 years ago
An alumnus of West Virginia University wishes to start an endowment that will provide scholarship money of $40,000 per year begi
olga55 [171]

Answer:

A

Explanation:

Present value of a  perpetuality = amount / interest rate

= $40,000 / 0.08 = $500,000

Let D denote denote denotions

D + \frac{D}{1 + 0.8}  + \frac{D}{1.08^{2} } = $500,000

D = $190.820.

3 0
3 years ago
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