Answer:
$15000
Explanation:
$96,000 + $423,000 − $278,000 − $97,000
− $59,000 − $34,000 − $36,000 = $15000
Answer: Increase in assets and increase in liabilities.
Explanation: As we know that accounting equation is denoted as :-
Assets = capital + liabilities
where,
. Assets are the resources owned by the firm for the generation of revenue.
. Capital means the funds procured by company in the form of contribution by the owners or in the form of debt.
. Liabilities are the obligations on the company.
.
Purchase of office equipment on credit will result in increase in assets as office equipment is used for administration purposes and as it is purchased on credit it will also increase its liabilities.
Answer:
$217.668
Explanation:
The computation of net income is shown below:-
ROE = Profit Margin × Total Asset Turnover × Equity Multiplier (Assets ÷ Equity)
ROE = (Profit Margin) × (Sales ÷ Total Assets) × (1 + Debt-Equity ratio)
16% = Profit margin × ($4,400 ÷ $2,985) × ( 1 + 1.20)
16% = Profit margin × 1.47 × 2.20
16% = Profit margin × 3.234
Profit margin = 16% ÷ 3.234
= 0.04947
Now as we know that
Profit margin = Net income ÷ Sales
0.04947 = net income ÷ $4,400
net income is
= $4,400 × 0.04947
= $217.668
Answer: See explanation
Explanation:
Contraction: Contraction, is a phase of the business cycle that simply occurs gene there's decline in the economy. At this phase, the demand for goods and services reduces and there's decline in growth.
Business cycle: The business cycle shows the movement of the GDP which can either be upward or downward. It shows how the economy's doing.
Trough: The trough is a phase in the business cycle whereby the gross domestic product for a particular economy has stopped reducing and the economy has started to rise.
Disposable income: This is the income that is left with an individual after personal income tax has been removed from the personal income of such individual.
Net domestic product: Net domestic product is when depreciation is subtracted from the gross domestic product.
