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Molodets [167]
2 years ago
15

Y3K Inc has sales of 5783 total assets of 2604 and a debt equity ratio of .75. If its return on equity is 11 percent what is its

net income
Business
1 answer:
Vitek1552 [10]2 years ago
6 0

Based on the information given the net income is $163.66.

<h3>Net income</h3>

First step:

Profit margin = [(ROE)(Total asset)] / [(1 + Debt equity ratio)(Sales)]

Profit margin = [(.11)($2,604)] / [(1 + 0.75)( $5,783)]

Profit margin = 286.44/(1.75) ($5,783)

Profit margin = 286.44/10,120.25

Profit margin = .02830

Second step:

Profit margin = .02830 = Net income / Sales

Net income = .02830($5783)

Net income = $163.66

Inconclusion the net income is $163.66.

Learn more about net income here:brainly.com/question/15530787

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Ivers Co. holds $30,000 of available-for-sale securities. Ivers intends to hold these securities for three years. Ivers should r
bekas [8.4K]

Answer:

long term assets

Explanation:

hope this helps :)

4 0
3 years ago
A company had the following purchases during the current year: January: 19 units at $129 February: 29 units at $139 May: 24 unit
ycow [4]

Answer: A - $8,046

Explanation: Inventory valuation using the specific identification method is a method used in getting the actual stock cost at their specific purchase price at a specified time during the year.

Jan - 11 units @129 =1,419

Feb - 13 units @139 = 1,807

May - 6 units @149 = 894

Sept - 13 units @159= 2,067

Nov - 11 units @ 169= 1,859

Total = $8,046

4 0
3 years ago
AllTech Corporation had a balance of $ 1 comma 800 in Prepaid Supplies at the beginning of the year. The company purchased $ 1 c
posledela

Answer:

What is the amount of Supplies Expense that AllTech Corporation will recognize for the​ year?

$1050

Explanation:

Beggining of the year 1800

Purchased 1150

 

End of the year 1900

Expenses 1050

 

end = beg+purtcahse-expense  

 

expense=beg+purchases-end  

 

expense=1050  

4 0
3 years ago
Crystal Industries is considering an expansion project with cash flows of -$287,500, $107,500, $196,100, $104,500, and-$92,700 f
GaryK [48]

Answer:

E. Yes: The MIRR is 9.13 percent.

Explanation:

<em>The First Step is to Calculate the Terminal Value at end of year 4.  </em>

Terminal Value (FV) = Sum of (PV x (1 + r) ^ 5 - n)

                                 = $107,500 x (1.134) ^ 3 + $196,100 x (1.134) ^ 2 + $104,500 x (1.134) ^ 1 + -$92,700 x (1.134) ^ 0  

                                 = $156,764.47 + $252,175,97 + $118,503 - $92,700  

                                 = $434,743.44

<em>The Next Step is to Calculate the MIRR using a Financial Calculator : </em>

- $287,500 CFj

0           CFj

0          CFj

0            CFj

$434,743.44   CFj

Shift IRR/Yr 9.13%

Therefore, the MIRR is 9.13% .

4 0
3 years ago
What is the one area in the list below in which manufacturers do not have to use due care?
Sonja [21]
The one are in which manufacturers do not have to use due care is : 
using adequate test marketing
They only need to use it in an area where they may unintentionally cause harms to other people
6 0
3 years ago
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