Answer:
The change in Accounts Receivable is added to net income; The change in Inventory is added to net income.
Explanation:
Account receivable:
= Ending balance - Beginning balance
= 24,000 - 28,000
= -4,000
Decrease in account receivable
Inventory:
= Ending balance - Beginning balance
= 65,000 - 68,000
= -3,000
Decrease in inventory
Since the Current assets have decreased therefore they should be added to net income.
The change in Accounts Receivable is added to net income; The change in Inventory is added to net income.
Note: The options are missing from the question, so i have attached the options with the answer.
Answer:
A. The demand curve for tea shifts to the right
Explanation:
Demand is defined as the measure of sensitivity of quantity demanded is a group with changes in price.
However when there is an increase or decrease in demand as a result of other factors except for price it is called shift in demand.
In the given scenario if the price of coffee increases, it will result in less amount of coffee being demanded. People will look for a substitute (tea).
Demand for tea will increase as a result of shift of the demand curve for real to the right.
This is illustrated in the attached diagram.
Answer:
The return on invested capital (ROIC) was 24.4%
Explanation:
Return on invested capital is considered a profitability ratio that measures the return that investors earn from their invested capital.
Return on Invested Capital
= Net Operating Profit after Tax/Invested Capital
= Net Operating Profit after Tax/ Total operating capital
= $610/$2,500
= 24.4%.
Therefore, The return on invested capital (ROIC) was 24.4%
A full time job requires you to work 40 hours a week.
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1. Nikita creates an FSA ID
2. Nikita fills out the FAFSA online.
3. Colleges ask Nikita to verify the information in the FAFSA
4. Nikita rechecks the information she provided and makes a few corrections.
5. In about two weeks, Nikita receives a document called Student Aid Report (SAR)
6. Nikita receives financial aid award letters from various colleges.
