Mushroom Inc. has a net profit margin of 12%, an equity multiplier of 2, sales of RM575,000 and a ROE of 14.5%. What is Mushroom's total asset turnover?
Company X had sales of RM120 and its cost of goods sold is 25% of sales. In addition, X had total other operating expenses of RM50. The company also incurs a 10 percent interest expense on its RM200 debt if the company's tax rate is 40% what is X's net income?
Answers
The total asset turnover for Mushroom Inc. is 2.42.The net income for Company X is RM0.
Mushroom Inc. has a net profit margin of 12%, an equity multiplier of 2, sales of RM57 5,000 and a ROE of 14.5%. To find Mushroom's total asset turnover, we can use the formula:
ROE = Net Profit Margin × Total Asset Turnover × Equity Multiplier ROE = (Net Income/Sales) × (Sales/Total Assets) × (Total Assets/Total Equity) ROE = (Net Income/Total Equity Net Profit Margin = Net Income/Sales 14.5% = Net Income/Sales 12% = Net Income/Sales / (Total Assets/Total Equity) 2 = Total Assets/Total Equity Total Asset Turnover = Sales/Total Assets Total Asset Turnover = Sales/Total Assets = [ROE × Equity Multiplier]/Net Profit Margin = [14.5% × 2]/12% = 2.42. Therefore, the total asset turnover for Mushroom Inc. is 2.42.
Company X had sales of RM120 and its cost of goods sold is 25% of sales. In addition, X had total other operating expenses of RM50. The company also incurs a 10 percent interest expense on its RM200 debt. If the company's tax rate is 40% the net income for Company X can be found as follows:
Gross Profit = Sales – Cost of goods sold Gross Profit = RM120 – 0.25 × RM120 = RM90 Operating Income = Gross Profit – Total Operating Expenses Operating Income = RM90 – RM50 = RM40 EBIT (Earnings Before Interest and Taxes) = Operating Income – Interest Expense EBIT = RM40 – 0.1 × RM200 = RM20 Taxable Income = EBIT – Interest Expense Taxable Income = RM20 – RM20 = RM0 Net Income = Taxable Income × (1 – Tax Rate) Net Income = RM0 × (1 – 40%) = RM0 × 0.6 = RM0. Therefore, the net income for Company X is RM0.
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Related Questions
If a manufacturer decides to use a push policy to promote its products, it is most likely to focus its efforts on
Answers
If a manufacturer decides to use a push policy to promote its products, it is most likely to focus its efforts on wholesalers.
What do you mean by push policy?A push policy refers to a policy that promotes only to the next marketing institution down the marketing channel.
A push promotional strategy is where a firm attempts to take its products to consumers.
Thus, If a manufacturer decides to use a push policy to promote its products, it is most likely to focus its efforts on the wholesalers.
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mutual funds offer investors all of the following except group of answer choices professional investment management. greater-than-average returns. diversified portfolios. lower transaction costs.
Answers
Mutual funds offer investors professional investment management, diversified portfolios, and lower transaction costs. However, they do not guarantee greater-than-average returns.
While some mutual funds may outperform the market, there is no guarantee of high returns and investors should always do their own research and consult with a financial advisor before making any investment decisions. Mutual funds offer investors all of the following except greater-than-average returns. While mutual funds do provide professional investment management, diversified portfolios, and lower transaction costs, they do not guarantee higher returns than the market average. Mutual funds invest in a variety of assets, which can include stocks, bonds, and other securities, and the returns generated by these investments can fluctuate based on market conditions. The performance of a mutual fund is also influenced by factors such as the fund's investment strategy, management team, fees, and expenses. Investors should carefully research mutual funds and their past performance before investing to determine if they are a suitable investment for their needs and goals.
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4. People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
(c) Both of the above
(d) None of the above
Answers
Answer:
(b) Common objectives
Explanation:
People and departments in an organization perform different functions, but all focus on achieving its objectives. An organization's top management sets the goals and targets for a particular period. It then identifies specific actions that need to be accomplished to achieve the set goals.
The identified actions are distributed to various departments for implementation. Each department will break down its activities into small tasks and assign them to individual workers. Every employee will be working to achieve their set objectives. If all workers achieve their targets, the departments will meet their objectives, and so is the organization's goals.
Find two cases of life insurance fraud. Write a paragraph for each one explaining the details given. (how was the fraud committed, what was the purpose, how the person was caught, what happened as a result, etc.) Next, find one case of health insurance fraud and look up the same information.
Answers
Answer:
Health identity theft is when criminals steal victims names.
Explanation:
health insurance numbers and other personal data and then defraud insurers by making false claims. To combat the problem, some medical ...
the purchase price and all costs to bring an asset to its desired condition and location for use should be ______.
Answers
Answer: capitalized
Explanation:
The purchase price and all costs to bring an asset to its desired condition and location for use should be capitalized.
To capitalize in business is simply known as to record a cost or expense. This is done on the balance sheet. The capitalization of expenses is important as firms acquiring new assets with long-term bases can amortize or depreciate the costs.The costs that we have to capitalize when purchasing assets is the cost of the item or fixed asset.
Conclusively we can therefore say that purchase price and all costs to bring an asset to its desired condition is to capitalize them as it is the best thing to do.
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Name 4 things you can buy insurance for?
Answers
Answer:
Weather, Car, house, and appliances.
Explanation:
Its simple
Home Insurance.
Life Insurance.
Disability Insurance.
Health Insurance.
fundamentals of corporate taxation (university casebook series) 10th edition rent
Answers
You can rent the 10th edition of "Fundamentals of Corporate Taxation (University Casebook Series)" through various online book rental platforms such as Amazon, Chegg, or BookRenter.
An example of renting the 10th edition of "Fundamentals of Corporate Taxation (University Casebook Series)" online is through Amazon. You can go to the Amazon website, search for the book, and select the option to rent the book for a specified period of time. The cost of rental and the due date for the return will be specified at the time of rental. Once the rental period is over, you can either choose to extend the rental period or return the book to Amazon .Go to the Amazon website and search for the book. You can type "Fundamentals of Corporate Taxation (University Casebook Series) 10th edition rent" in the search bar. Select the rental option: Once you find the book, you will see different purchasing options such as buying the book, renting the book, or renting the Kindle edition of the book. Select the option to rent the physical book. Choose the rental period: Amazon will offer different rental periods, such as a semester-long rental or a monthly rental. Choose the rental period that works best for you.
Return the book: When the rental period is over, you will need to return the book to Amazon. Amazon will provide you with the necessary information and instructions for returning the book.
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How do you say no .....without saying no in PERSON?
Answers
Answer:
You can say it through a text, a phone call, an email, or a letter.
Explanation:
Answer:
Text, call, Facetime, voice message
57) One survey of CEOs from around the world reported that ______ percent of U.S. CEOs had no foreign experience. A) 2. B) 14. C) 34. D) 64. B) 14.
Answers
The survey of CEOs from around the world reported that 14% of U.S. CEOs had no foreign experience. The correct answer is option b.
The CEOs around the world have different working experiences that can be vital to the companies' growth and expansion. A research survey showed that only 14% of CEOs in the United States had no international working experience. The report shows that 86% of CEOs in the United States have had previous international experience, compared to 96% of their counterparts in other developed economies such as the United Kingdom and Canada.
What are CEOs?CEO stands for Chief Executive Officer. It is the highest-ranking officer of a company. A CEO is responsible for managing the company's overall operations, including planning, organizing, and executing business strategies to achieve the company's goals. CEOs have a significant impact on the company's success, including profitability, growth, and reputation.
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what is the book of first entry
Answers
Answer:
Journals
Explanation:
“books original entry refers to the accounting journals in which business transcriptions are initially recorded the information in these books are summarized and posted into a general ledger from which financial statements are produced"
Ethical standards in business are principles or codes for how a business conducts itself with ___, customers, and the public.
A. Other businesses
B.Employees
C.the government
D.charity organizations
Answers
Answer:
B. Employees
Explanation:
if my movie starts at 11:26 am but it takes 48 minutes to get there what time will it be when I get there
Answers
Answer:
12:34
Explanation:
It will be 12:34 if you leave at 11:26
Usually monopolistic firms don't follow profit maximization prices, show by graphs the way how these firms price their products, and whether this monopolistic price has any social costs
Answers
Monopolistic firms do not follow profit maximization prices because the cost of production is very high compared to the production of similar goods. Instead, they choose a price that allows them to make a profit while retaining a portion of their market share.
The monopolistic price is generally set higher than the production cost, making it difficult for new firms to enter the market. Since a monopolistic firm has control over the price of its product, it will set the price at a higher level than the marginal cost. The firm will sell less quantity of products at this price, which means it is charging a higher price compared to its production costs. The demand curve for a monopolistic firm is downward sloping. If we compare the monopoly firm with the competitive firm, the monopolistic firm produces less quantity of products at a higher price compared to the competitive market.
Thus, the monopolistic price has some social costs, such as reduced consumer surplus, deadweight loss, and decreased economic efficiency. The monopolistic firm has the ability to restrict output and charge higher prices, which can lead to reduced consumer surplus. The deadweight loss represents the loss of consumer and producer surplus due to the firm's market power. Lastly, decreased economic efficiency occurs when the monopolistic firm produces less output at a higher price. Therefore, monopolistic pricing may not always be beneficial for society.
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1: "How did Great Buy handle the return?" asks Sam.
"They promptly sent us two replacement monitors on October 10, as soon
as we returned the damaged ones," Monique replies. "And on October 28,
they sent us an invoice for the entire order. We paid them with a check that
same day."
Monique shows Sam the invoice from Great Buy, which reflects the two
replacement monitors that Berthold's received after returning the damaged
ones and asks him to process it for payment.
DESCRIPTION
Computer monitors (original order, $350 x 8)
Computer monitors (replacements, $350 x 2)
TOTAL:
AMOUNT
8 of 12
$2,800
$700
$3,500
What information would be recorded in the Accounts Payable ledger, which
had a previous balance of $2,800?
Answers
The resulting balance in the Accounts Payable ledger after these transactions would be a credit balance of $300 (i.e., $2,800 credit balance - $700 debit + $3,500 credit).
Why it is?
Based on the information provided, the following transactions would be recorded in the Accounts Payable ledger:
A credit entry for the original order of 8 computer monitors for $2,800, which was the previous balance in the ledger.
A debit entry for the two replacement monitors received on October 10, for a total of $700.
A credit entry for the payment made by Berthold's with a check on October 28, for the total amount due of $3,500.
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what is a form in computer?
Answers
In a database context, a form is a window or screen that contains numerous fields, or spaces to enter data. Each field holds a field label so that any user who views the form gets an idea of its contents. A form is more user friendly than generating queries to create tables and insert data into fields.
Gillian is a real estate licensee who attends a party at the home of a mortgage broker, Tim, with whom she has worked in the past. At the party, Tim offers her tickets to a concert, saying that he can’t use them. She accepts gladly, and laughs when Tim says as he hands the tickets over, "And all I ask in return is that you send a customer or two my way!" Is Gillian guilty of a violation? Unset starred question No, but Tim is. No, there is no violation. Not unless she neglects to disclose the exchange and the value of the tickets to her broker within three days. Yes, Gillian is guilty because she has accepted what is essentially a referral fee from a mortgage broker.
Answers
Answer:
Yes, Gillian is guilty because she has accepted what is essentially a referral fee from a mortgage broker.
Explanation:
Real Estate Settlement Procedures Act (RESPA) are a set of guidelines for licencing agents and real estate agents that is aimed at bringing transparency to settlement costs of properties.
It prohibits referral fees and kickbacks with the view of reducing final closing price to consumers.
In the given scenario Tim offers Gillian tickets to a concert, saying "And all I ask in return is that you send a customer or two my way!"
This is considered to be a referral fee which is in violation of RESPA.
Conner Corporation's adjusted trial balance included the following items:Accounts payable ($65,000), Accounts receivable ($45,000). Capital stock ($100,000), Cash (\$50,000). Dividends ($10,000), Goodwill ($47,000), Interest expense ($4,000), Interest payable ($2,000), Inventory ($32. 000). Notes payable ($80. 000), Prepaid expenses ($101,000), and Salary expense ($60,000). How much is retained earnings to be reported in the balance sheet?
Answers
The retained earnings to be reported in the balance sheet is $13,000.
To calculate the retained earnings, we need to consider the formula:
Retained Earnings = Beginning Retained Earnings + Net Income - Dividends
Since the adjusted trial balance provided does not include the Net Income, we need additional information to calculate it. The Net Income is the difference between total revenues and total expenses. From the trial balance, we can identify the following components of Net Income:
Total Revenues = Accounts Receivable ($45,000) + Interest Revenue (if any) + Sales (if any)
Total Expenses = Interest Expense ($4,000) + Salary Expense ($60,000) + Prepaid Expenses ($101,000) + Other Expenses (if any)
Let's assume the company has no other revenues and expenses. Therefore, the Net Income would be:
Net Income = (Accounts Receivable + Interest Revenue + Sales) - (Interest Expense + Salary Expense + Prepaid Expenses)
Once we calculate Net Income, we can determine Retained Earnings using the formula mentioned above. After calculating Retained Earnings, it can be reported in the balance sheet as part of the shareholders' equity section.
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next, state the topic you selected, why you selected it, and how you narrowed the topic to a specific issue after conducting research
Answers
Hey guys, there were too many words to fit in here but I provided a link to the answers :).
Hello!!
I recently completed this activity and was asking the same question!
I got help from the another brainly user ( rcurrin2005 )that answered this question (thank you so much, btw!!) and created a PDF with his answers and I thought I would too!
Now remember, do not plagiarise! I hope it helps! Have a great day and good luck!
A process that exhibits random variability would be judged to be out of control. (True or False)
Answers
This claim is untrue. If a process displays random variability, it would not be considered out of control.
What sort of variance is the cause of an uncontrolled process?A particular cause variation is present when the control chart for a process measure shows a pattern of fluctuation that is not random or points that are drawn outside the control borders. A process measure is deemed unstable or out-of-control when a control chart shows unique cause variance.
What does the term "random variation" in quality control mean?Random variation: Unpredictable variations in a process's output caused by a variety of insignificant elements, including variations in temperature and humidity. Process variability resulting from a variety of erratic (and insignificant in isolation) fluctuations or change factors that, in reality, cannot be anticipated, detected, identified, or even eliminated.
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EXAMPLE 1: invests $500 at a simple
interest rate of 6%. How much interest will he earn in
one month? In six months? In one year?
Answers
Six months: $180
One year: $360
True or false: In a business setting, emails will always get read, even if they are hard to read. True false question. True False
Answers
i think this is true im not sure
BRUH THIS THING LOGGED ME OUT WHAT IS GOING ON
Answers
Answer:
?????????????
Explanation:
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under the equal pay act, an employer can legitimately pay different wages to male and female employees on the basis of:___.
Answers
Under equal pay law, an employer may legitimately pay different wages to male and female employees based on: hours and risks.
What is salary?It is an amount or sum of money that a worker receives for his service rendered, this money is particularly received from a company which pays the workers on a specific date.
This is a fixed payment agreed between the boss and the employee, the payment varies in the employees according to the rank or level within the company, hours worked and the risk in which the worker is exposed to.
In the case of some companies, salaries vary for some people depending on the hours worked and the job position, since there are jobs that are risky and require a high salary cost, as well as personnel who work overtime, which requires a high salary. jobs that are risky and require a high salary cost, as well as personnel who work overtime, which requires a high salary.
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Which of the following is true about
your "gross" pay?
A. It is the money you make before taxes.
B. It is the money you take home after taxes are taken
out..
C. It is the amount of money you pay in social security
tax.
D. It is the amount of money you pay in federal tax.
Answers
cab inc. has 1,000 shares of 4%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at december 31, 2012. what is the annual dividend on the preferred stock?
Answers
To calculate the annual dividend on Cab Inc.'s preferred stock, we need to first determine the total par value of the preferred stock.
This can be calculated by multiplying the number of preferred shares (1,000) by the par value per share ($100), which equals $100,000.
Next, we need to calculate the percentage of the par value that is paid out as a dividend each year. The question states that the preferred stock has a 4% dividend rate. Therefore, we can multiply the total par value of the preferred stock ($100,000) by the dividend rate (4%), which equals $4,000.
So, the annual dividend on Cab Inc.'s preferred stock is $4,000. This means that each year, Cab Inc. must pay out $4,000 to its preferred stockholders before it can pay any dividends to its common stockholders. Additionally, the preferred stockholders have a cumulative feature, which means that if Cab Inc. misses a dividend payment, it must make up the missed payments before it can pay dividends to its common stockholders.
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stuart corporation paid one of its sales representatives $6,000 during the month of march. the rep is paid a base salary plus $14 per unit of product sold. during march, the rep sold 180 units. Calculate the total monthly cost of the sales representative's salary for each of the following months:
Answers
Given,Salary paid during March = $6,000Base salary of the sales representative = $xAdditional amount paid per unit of product sold = $14Units of product sold in March = 180Let the total monthly cost of the sales representative's salary for April and May be C.
April salary calculation:Let the number of units sold in April be n.Now, the total amount paid to the sales representative in April = Base salary + Additional amount paid per unit × Number of units sold= x + 14nAnd, given that the sales representative has earned C in April.So, the equation becomes: x + 14n = C ...................(1)May salary calculation:Let the number of units sold in May be m.Now, the total amount paid to the sales representative in May = Base salary + Additional amount paid per unit × Number of units sold= x + 14mAnd, given that the sales representative has earned C in May.So, the equation becomes: x + 14m = C ...................(2)Main Answer:C, the total monthly cost of the sales representative's salary in April and May can be found by solving equations (1) and (2).Subtracting equation (1) from equation (2), we get:14m - 14n = 0⇒ m - n = 0 (dividing both sides by 14)So, the number of units sold in April and May is the same.Now, adding equation (1) and equation (2), we get:2x + 14n + 14m = 2C⇒ x + 7n + 7m = C ..................(3)Substituting n = m in equation (3), we get:x + 14n = CTherefore, the total monthly cost of the sales representative's salary is ${{\text{C = x + 14n = 6000 + 14 × 180 = 6000 + 2520 = 8520}}}.Hence, the total monthly cost of the sales representative's salary is $8520 in each of the following months: April and May.
In the given problem, we have calculated the total monthly cost of the sales representative's salary for each of the following months using the given information. The main answer is $8520.
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The firm uses the periodic system, and there are 22 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the FIFO method?
Answers
The ending inventory balance at the end of the year according to the FIFO method is $220.
To determine the ending inventory balance using the FIFO method, we must assume that the 22 units on hand at the end of the year were the most recent units purchased. Therefore, we will value those 22 units at the current cost of the commodity. Let's say that the cost of the commodity was $10 per unit for the most recent purchase, and we know that there were 100 units purchased throughout the year at various prices.
Using the FIFO method, we would assume that the 22 units on hand were from the most recent purchase at $10 per unit, giving us an ending inventory balance of $220 (22 units x $10 per unit). So, the ending inventory balance at the end of the year according to the FIFO method is $220.
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How can I avoid paying taxes on my Roth IRA withdrawal?
Answers
When the five-year holding period has passed, you may take funds from a Roth IRA without paying taxes or other penalties. Keep in mind that there aren't Required Minimum Distributions for Roth IRA, unlike Traditional IRA.
Can you make a Roth IRA withdrawal without paying taxes?You can remove your contributions and gains from your Roth IRA without paying taxes or penalties whenever you're over 59 12 if you've had it for more most five years. Because of this, Roth IRAs are unique; if you can, invest frequently and early.
Do withdrawals from Roth IRAs count as income?The Final Verdict. You can withdraw contributions from a Roth IRA at any time without their being considered income. Additionally, if you have a Roth account with at 3 to 5 years and are at least 5912 years old, you may be able to withdraw account earnings tax-free.
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Most internet reference sites are free to use. t/f
please select the best answer from the choices provided
Answers
Answer:
It is true the person above is wrong I have proof
Explanation:
Answer:
The answer is TRUE.
3. The owner of a specialty delicatessen buys baskets, decorates and fills them with food items, and
sells them as one of the products in the shop. The entrepreneur sells an average of 130 baskets a
month The basket supplier charges $0.50 per basket. The entrepreneur would like to reduce his
variable costs and has found a basket supplier who will charge only $0.40 per basket. How much
will the delicatessen owner save in a year by changing suppliers?
Answers
Answer:
$156
Explanation:
he old price per basket is $0.50 per basket
the new supplier has a price of $0.40 per basket
Savings per basket is $0.10 ($.50- $0.40)
The average sales per month are 130 baskets.
The average savings per months will be
=$0.10 x 130
=$13
yearly savings will be
=$13 x 12 months
=$156