The answer is C. analyze your current personal and financial situation
Answer:
≅ 21.8%
Explanation:
The Return on Equity can be calculated by ,
ROE = Net Profit Margin × Return asset × Financial leverage
Net profit margin = Profit margin = 12%
Return Asset = Total Asset turnover = 1.4
Financial leverage = Equity Multiplier = 1.3
Therefore,
ROE = 12 × 1.4 × 1.3
= 21.84% .
Answer:
The answer is $18,810
Explanation:
Cost of goods sold equal:
Beginning or opening inventory plus purchases minus ending or closing inventory.
Monte Vista returned some inventories and also took advantage of discount. So this will reduce the cost of total purchases for the quarter.
Total purchase = new purchases minus purchase returns minus any discount enjoyed.
So total purchase is now:
$10,000 - $1,350 - $340
=$8,310
Therefore cost of goods sold is:
$44,000 + $8,310 - $33,500
=$18,810
Answer: the bank on which the check is drawn because it must pay the check. (A)
Explanation:
A Drawee is a banking and legal term that is used to describe the party which has been directed by the depositor to pay a certain amount of money to the person who is presenting the draft or check or draft.
A typical example is if when someone is cashing a paycheck. The drawer is the bank that cashes the person's check, the drawer is the employer or person who wrote the check, and the person cashing the check is the payee.
Answer:
See below
Explanation:
a. Earnings per share
= After tax earnings / Number of common shares outstanding
= $3,000,000 / 761,000
= $3.9 per share
b. Assuming that a share of Bozo Oil's company has a market value of $40, then, the firm's price earning ratio would be:
= Common stock market value / Earnings per share
= $40 / $3.9
= 10.26
c. The book value of a share of Bozo Oil's common stock
Book value = (Assets - Liabilities) / Number of shares outstanding
= ($15,000,000 - $9,000,000) / 761,000
= $6,000,000 / 751,000
= $7.88
