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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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4 0
3 years ago
Un a supermarket, a vendor's restocking the shelves every monday morning is an example of?
Vadim26 [7]

In a supermarket, a vendor's restocking the shelves every Monday morning is an example of fixed order interval.

The situation where an inventory item has independent demand and orders are placed on a constant time period basis is referred to be an FOI system, also known as a periodic review system.

A technique for inventory control is the Fixed Order Interval System. The inventory model also goes by the name fixed reorder cycle. By monitoring the product demand in this, a set interval is formed. It is employed to control the raw material supply. Many businesses utilize the fixed order quantity system because it reduces reorder errors, effectively manages storage space, and avoids wasteful blocking of funds that may be used elsewhere.

To know more about Fixed Order Interval refer to:  brainly.com/question/18882719

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5 0
2 years ago
Which three factors decrease because of protectionism?
boyakko [2]

Answer:

competition, goodwill with trade partners, and importation of goods

Explanation:

protectionism raises the cost of imported goods

5 0
3 years ago
Assume the union freeman works with pays newer employees less than ones who have been with the organization for a longer time. w
Monica [59]

Assume the union freeman works with pays newer employees less than ones who have been with the organization for a longer time. The basis for this is: two tier contract.

<h3>What is two tier contract?</h3>

Two tier contract can be defined as the way in which employee who work in an organization does not earn the same wages as some employee earn higher wages that others while some earn lesser wages.

Hence, if  newer employees earn lesser  than those who have been with the organization for a longer time. The basis for this is called  two tier contract.

Learn more about Two tier contract here:brainly.com/question/984979

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4 0
2 years ago
Type the correct answer in the box. Spell all words correctly.
lawyer [7]

Answer:

PRODUCT LAYOUT

Explanation:

big

7 0
2 years ago
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