The labor force that can be depicted from the information about the people will be 36.
<h3>How to calculate the labor force</h3>
The labor force will be:
= 25 + 8 + 3
= 36
The unemployment rate will be:
= Unemployed/Labor force × 100
= 3/36 × 100
= 8.33%
The participation rate will be:
= Labor force/Adult population × 100
= 36/(80 - 16) × 100
= 56.25%
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The income statement shows a detailed picture of the transactions of all revenue and expenses. The income summary account then summarizes these figures in order to produce the statement of retained earnings. Both the income statement and income summary show the revenue and expenses of a company.
Answer:
Total increase in pretax earnings on Summer’s December 31, 2019, income statement is $20,253
Explanation:
Fair value of asset sold on lease = Present value of lease payments = $50,000 * Cumulative PV factor at 6% for 8 periods of annuity due
= $50,000 * 6.20979
= $310,490
Interest income for 2019 = ($310490 - $50,000) * 6% = $15,629
Total increase in pretax earnings on Summer’s December 31, 2019, income statement = $310490 - $300,000 + $15,629 - 5866 = $20,253
Answer:
2.16 times
Explanation:
Given that,
Internal growth rate = 8 percent
Dividend payout ratio = 36 percent
Current profit margin = 5.8 percent
Therefore,
Internal Growth Rate = (1 - Dividend Payout Ratio) × ROA
8% = (1 - 36%) × ROA
0.08 = 0.64 × ROA
ROA = 0.08 ÷ 0.64
= 0.125
ROA = Profit Margin × Total Asset Turnover
0.125 = 0.058 × Total Asset Turnover
Total Asset Turnover = 0.125 ÷ 0.058
= 2.16 times