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sleet_krkn [62]
2 years ago
10

A firm has a return on equity of 20 percent. The total asset turnover is 2.8 and the profit margin is 7 percent. The total equit

y is $6,000. What is the net income
Business
1 answer:
kondor19780726 [428]2 years ago
4 0

The net income of the firm is $1,200

<h3>What is net income?</h3>

Net income refers to the amount an individual or business makes after deducting costs, allowances and taxes.

Net profit is also amount of money a business earns after deducting all operating, interest, and tax expenses over a given period of time.

First, we know that:

Return on equity

= Net income / Total equity

Fixing the given values, we'll have

20% = Net income / $6,000

Net income = $6,000 * 20%

Net income = $1,200

Therefore, net income of the firm is $1,200

Learn more about computation of net income here: brainly.com/question/24836146

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Assume that on July 1, 2021, Togo's Sandwiches issues a $2.02 million, one-year note. Interest is payable at maturity. Determine
allochka39001 [22]

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1.$80,800

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3.$40,400

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Explanation:

Interest Rate Fiscal Year-End Interest Expense

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5 0
3 years ago
A portfolio is invested 20 percent in Stock G, 60 percent in Stock J, and 20 percent in Stock K. The expected returns on these s
disa [49]

Answer:

The portfolio's expected return is 15%

Explanation:

The expected return of a portfolio is the sum of the weight of each asset times the expected return of each asset.

So, the expected return of the portfolio is:

E(RP) = 0.20(.09) + 0.60(.15) + 0.20(.21)

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7 0
3 years ago
$82 Using the incremental method, what amount of revenue will be allocated to Math Fun in the package that contains all three pr
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Answer:

$28.62

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Let plug in the formula

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