Answer:
1.27%
Explanation:
Rate of return = [(1+real risk free rate)/(1+inflation rate)]-1
real risk free rate = 3.5%
inflation rate = 2.20%
Therefore Rate of return = [(1+ 3.5%)/(1+2.20%)]-1
=1.27%
Researching the company beforehand can help you come up with an impressive response to this question while also helping you learn more about why you're interested in this position. When you spend time gathering information about the company, you'll be better prepared to answer this question.
Answer:
Total asset turnover = 1.375
Explanation:
In this question we use the DuPont analysis which is presented below:
Return On Assets = Net Profit Margin × Total asset turnover
0.11 = 0.08 × total assets turnover
So, the total assets turnover would be
= 0.11 ÷ 0.08
= 1.375
Simply we find out the asset turnover by applying the return on assets formula that is displayed above
Answer:
145%
Explanation:
Given that,
Company predicts total direct materials costs = $920,000
Total overhead costs = $1,330,000
Predetermined Overhead rate:
= (Total overhead cost ÷ Total direct material cost) × 100
= ($1,330,000 ÷ $920,000) × 100
= 1.45 × 100
= 145%
Therefore, the predetermined overhead rate it should use during the year is 145%.
Answer:
price floor, causing excess supply in the market.
Explanation:
A number of states have a minimum wage that is higher than the federal minimum. In those states that impose such a minimum wage, it is more likely that the minimum wage acts as a binding price floor, causing excess supply in the market.
A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.
This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.
