The net income for the year would be $43,032, and the return on assets (ROA) would be approximately 8.8%.
To calculate the net income and return on assets (ROA) for the year, we can use the given information and formulas.
In this case:
Annual sales volume = $1,075,800
Asset turnover = 2.2 times per year
Profit margin on sales = 4%
First, let's calculate the net income:
Net income = Profit margin on sales * Annual sales volume
Net income = 0.04 * $1,075,800
Net income = $43,032
Next, let's calculate the average total assets:
Average total assets = Annual sales volume / Asset turnover
Average total assets = $1,075,800 / 2.2
Average total assets = $488,909.09
Now, we can calculate the return on assets (ROA):
ROA = Net income / Average total assets * 100
ROA = $43,032 / $488,909.09 * 100
ROA ≈ 8.8% (rounded to 2 decimal places)
Therefore, the net income = $43,032, and the return on assets (ROA) = 8.8%.
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Determine whether you have enough monies to live comfortably each year for 20 years in your dream state of Oregon.
Assume you are at age 65 and have the following assets:
Pension Plan worth $375,000. You plan to take an ordinary annuity on your pension to withdraw all assets in 20 years. Assume 4. 5% interest per year. You will get monthly payments for 20 years.
Social Security - $27,600 per year for 20 years. Assume that this is the amount you will receive each year.
Savings worth $140,000. You plan to take an ordinary annuity to withdraw all assets in 20 years. Assume 4. 25% interest per year. You will get monthly payments for 20 years.
Answer the following questions:
What will be the monthly amount received individually from the pension plan, social security, and savings? What will be the monthly total? Round all 4 answers to the nearest penny.
What will be the yearly amount received individually from the pension plan, social security, and savings? What will be the yearly total? Round all 4 answers to the nearest dollar.
What will be the 20-year amounts received individually from the pension plan, social security, and savings? What will be the 20-year total amount? Round all 4 answers to the nearest dollar.
Is the total amount enough to retire comfortably in your dream state of Oregon? What are your plans to make the required savings now and/or in the future to live comfortably in your dream state? Explain
The given information is insufficient to provide specific calculations for the monthly, yearly, and 20-year amounts received individually from the pension plan, social security, and savings. However, with the provided information about the assets and their respective interest rates, it is possible to make some general observations. To determine the exact amounts, the formulas for calculating annuity payments would need to be applied.
In terms of retirement planning, it is important to consider various factors to assess whether the total amount received is enough to live comfortably in Oregon for 20 years. Factors such as living expenses, inflation, healthcare costs, and personal preferences need to be taken into account. It is recommended to create a detailed retirement budget that includes all expected expenses and compare it to the projected income from the pension plan, social security, and savings. This will help determine if the income is sufficient to cover living expenses and maintain a comfortable lifestyle.
If the total amount falls short of the desired retirement income, additional savings and investments may be necessary. Individuals can consider options such as contributing to retirement accounts (e.g., 401(k), IRA), investing in stocks or bonds, or exploring other income-generating opportunities. Working with a financial advisor can provide valuable guidance in developing a comprehensive retirement plan and making the necessary savings and investment decisions.
Ultimately, the ability to retire comfortably in Oregon depends on personal financial goals, lifestyle choices, and the level of financial security one desires. It is crucial to regularly review and adjust the retirement plan as circumstances change to ensure a comfortable and secure retirement.
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What kinds of products
and property do cyber-
protection laws cover?
Answer:
Act of threatening to share information about a person to the public, their friends or family, unless a demand is met or money is paid
Explanation:
Why is it necessary for agricultural practices to continue changing?.
It is important for agricultural practices to continue changing so as to;
Increase agricultural produce.What is agricultural practices?agricultural practices are techniques that are used in cultivation of crops and rearing of animals.
With the evolvement of different techniques in agriculture, such as usage of machinery and cross breeding there has been increase in production of goods and animals.
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What entity implements policies concerning the availability of money and its cost?The Federal Reserve SystemThe Federal Deposit Insurance CorporationThe National Credit AssociationThe National Credit Union Administration
The entity implements policies concerning the availability of money and its cost is The Federal Reserve System.
What is Federal reserve system?The United States' central bank is the Federal Reserve System, also known as the Federal Reserve or simply "the Fed." It was established by the Congress to give the country a more secure, adaptable, and stable monetary and financial system. The country's monetary and financial system is safe, adaptable, and stable thanks to the Federal Reserve, the country's central bank. relating to the Fed.To better understand how financial services policies and practices affect customers and communities, the Federal Reserve promotes oversight, community reinvestment, and research.Federal Reserve Banks provide banks with paper money and coins, lend to banks, and handle electronic payments.To learn more about Federal reserve system refer to:
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2. If a school's total cost of attendance is $23,000 and your EFC is $5,000, how much need-based aid could you qualify for?
Answer:
$28,000 or $18,000
Explanation:
BOB OS THE BEST PERSON IN THE WORLD
If your COA is $10,000 and your EFC is $5,000, for example, you cannot get more need-based assistance than $5,000.
Your Expected Family Contribution (EFC), an index number, will determine your eligibility for federal student financial aid.
Describe EFC?Your Expected Family Contribution (EFC), an index number, will determine your eligibility for federal student financial aid.This amount was calculated using the information you provided on your Free Application for Federal Student Aid (FAFSA) form.According to the government, your EFC should be higher the more you can afford to pay for college.If one's EFC score is high, they will be eligible for less need-based federal financial aid for college.Your EFC is determined using a method that takes into consideration the family's benefits, assets, and both taxable and untaxable income.Learn more about EFC refer to:
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In which situation does one country have an absolute advantage over another country?
A. government charges lower taxes
B. workers earn higher wages
C. production costs are lower
D. infrastructure is more advanced
I think it’s could be C or D but I don’t know
A career planning process is used to
All of the following are assumptions of cost-volume-profit analysis except a.the sales mix is constant. b.costs can be divided into fixed and variable components. c.there is no change in inventory quantities during the period. d.within the relevant range of operating activity, the efficiency of operations can change.
Answer:
d. within the relevant range of operating activity, the efficiency of operations can change.
Explanation:
Cost-volume-profit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Generally, to use the cost-volume-profit analysis, financial experts usually make some assumptions and these are;
1. Sales price per unit product is kept constant.
2. Variable costs per unit product are kept constant and the total fixed costs of production are kept constant i.e costs can be divided into fixed and variable components.
3. All the units produced are sold i.e there is no change in inventory quantities during the period.
5. The costs accrued are as a result of change in business activities.
6. A company selling more than a product should simply sell in the same mix i.e the sales mix is constant.
Hence, the aforementioned are assumptions of cost-volume-profit analysis except that, within the relevant range of operating activity, the efficiency of operations can change.
All of the following are assumptions of cost-volume-profit analysis except within the relevant range of operating activity, the efficiency of operations can change. Thus, option D is the correct option.
The break-even analysis, also known as cost-volume-profit analysis, is a crucial technique for forecasting the amount of activity, expenditures to be incurred, sales to be produced, and profits to be realized. It is employed to assess how variations in various activity levels, such as expenses and volume, impact an organization's operating income and net income.
Financial professionals typically utilize the cost-volume-profit analysis and base their decisions on the following assumptions:
The unit sales price of the product is constant.The overall fixed costs of production are maintained at a consistent level, allowing for the division of costs into fixed and variable components.Learn more about cost-volume-profit here:
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When Coca-Cola or Pepsi are sponsors of a sport event or sport venue, they are usually the official sponsor of a particular product category, i.e., official beverage sponsor. T/F
Coca-Cola and Pepsi typically serve as the official sponsors of a specific product category, such as beverages, when they support a sporting event or a sporting venue. This assertion is accurate.
Because it is a normal sponsorship package, Coca-Cola or Pepsi are frequently the official sponsor of a specific product category, such as the official beverage sponsor, when they sponsor a sporting event or a sporting facility.
In a standard sponsorship package, the sponsor may purchase a number of rights, such as the official soft drink or event title or category rights. By supporting an event, a sponsor can increase audience awareness while also instilling positive connections with the event's principles in the minds of attendees.
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what can be done to deal with the principal-agent problem?group of answer choicesforbid managers from owning any company stockhave the ceo be a rotating positionthreaten to liquidate the firmlink top manager salaries to the profits of the firm or the price of the firm's stock
To deal with the principal-agent problem, there are several options that can be considered. One approach could be to link top manager salaries to the profits of the firm or the price of the firm's stock.
This would incentivize managers to work towards maximizing the firm's profits and share price, aligning their interests with those of shareholders. Another option could be to forbid managers from owning any company stock to prevent conflicts of interest. Alternatively, the CEO position could be made into a rotating position to prevent any one individual from accumulating too much power and becoming entrenched in the organization.
Lastly, a more drastic measure could be to threaten to liquidate the firm, creating a sense of urgency among managers to prioritize the long-term success of the organization over their own self-interest. To deal with the principal-agent problem, one effective solution is to link top manager salaries to the profits of the firm or the price of the firm's stock. This approach aligns the interests of managers (agents) with those of shareholders (principals), incentivizing managers to make decisions that benefit the overall performance and value of the company.
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Greyson construction has the following account balances at the end of the year. Accountsbalances equipment$19,000 accounts payable1,600 salaries expense26,000 common stock12,000 land11,000 notes payable13,000 service revenue32,000 cash4,600 retained earnings?
Retained Earnings = $19,000 (equipment) + $11,000 (land) + $32,000 (service revenue) + $4,600 (cash) - $1,600 (accounts payable) - $13,000 (notes payable) - $12,000 (common stock) - $26,000 (salaries expense). Retained Earnings = $14,000.
What are retained earnings?Retained earnings are the amount of a company's net income that is not given out as dividends to shareholders but is instead retained by the firm for reinvestment in the business. Retained profits are a significant source of funding for businesses looking to grow, expand, or invest in new ventures. The retained earnings balance develops over time as the firm generates profits and reinvests a part of those profits back into the business. Retained earnings can also be utilised to pay down debt, repurchase stock, or make other strategic investments. The amount of retained earnings a firm has may be viewed on the balance sheet in the equity section.
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Match the financial statement with its description. To match them, click the Description and then click the Financial Report Name
Answer:
a-3 / b-2 / c-4 / d-1
Explanation:
Notes to financial statements: Includes a summary of significant accounting policies and explanations of specific items on the financial statements.
The notes are required by the full disclosure principle. Also referred to as footnotes. Provide additional information pertaining to a company's operations and financial position.
Report of independent registered public accounting firm: Attests to the fairness of the presentation of the financial statements.
is a process designed to provide reasonable assurance regarding the reliability of financial reporting.
Management's discussion and analysis of financial condition and results of operations (MD&A): Is written by the company to help investors understand the results of operations and the financial condition of the company.
Disclosure is mandatory where there is a known trend or uncertainty that is reasonably likely to have a material effect on the registrant's financial condition or results of operations
Financial statements: Includes the income statement, balance sheet, statement of stockholders' equity, and statement of cash flows.
are reports prepared by a company's management to present the financial performance and position at a point in time.
Financial statements refer to how company communicates their finance. The financial statement that reflects a company’s profitability is hereby given below.
Financial statements in sheetsThe various accounting activities that precedes financial statements are hereby matched below:
A. Statement of retained earnings or owner's equity
Include information of owner's retained earnings and dividends.
B. Income statement - Revenues
Shows revenues and expenses over a period of time.
C. Statement of cash flow
shows money moving in and out, categorized by operations, investing and finance
D. Balance Sheet
A snapshot of a company's assets, liabilities and equity at a specific moment in time.
Therefore, the answers are Statement of retained earnings or owner's equity, Income statement - Revenues, Statement of cash flow, Balance Sheet respectively.
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The chart shows a range of credit scores.
A bar chart titled Sample Credit Score Range has Rating on the x-axis, and credit score on the y-axis, from 0 to 800 in increments of 100. A poor credit score is 500, a weak score is 600, an average score is 700, a good score is 730, a very good score is 750, and an excellent score is 800.
A credit score between 500 and 600 means a consumer would most likely
find it easy to get a loan.
find it hard to get a loan.
get a loan with low payments.
get a loan with low interest.
Answer:
find it hard to get a loan.
Explanation:
According to the bar chart, a credit rating of between 500 and 600 lies within a bad and poor credit score. A bad or poor credit score indicates the irresponsible use of credit facilities and bad credit history. It tells that the individual has a history of missing out on loan installments, late payments, or defaulting on loans.
A bad or poor credit rating implies that a customer is highly likely to default on loan repayment. Due to this reason, lenders judge them to be high-risk customers and are likely to deny them credit facilities.
Answer: B
Explanation:
10 pts
Question 2
Shannon's best friend has been excluding her lately. They were supposed to go shopping
together, but her friend called and canceled. Shannon is upset about it. This is an
example of which type of problem?
In the United States, personal success and professional achievement are important motivators, and promotions and increased earnings are important goals. Group startsTrue or False True, unselected False, unselected
People are often motivated to achieved anything. In the United States, personal success and professional achievement are important motivators is a true statement.
The universalist assumption is based on the fact that the motivation process is universal and that all people are motivated to run after goals that they value.Culture often affects specific content and goals, the specific nature of motivation is different in all cultures. in China, group affiliation; goal, social harmony are motivations for pursuing goals.
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List 5 Entrepreneural qualities
Explanation:
resolute motivation and passion, creative thinking, self discipline, risk taking ability, and persistence
Anyone have a good name for a sports media company?
write a short note on meditation
Answer:
Explanation:Meditation is a practice where an individual uses a technique – such as mindfulness, or focusing the mind on a particular object, thought, or activity – to train attention and awareness, and achieve a mentally clear and emotionally calm and stable state.
When organizing a business, some of the manager's main departments would include _____.
accounting
utilities
marketing
cleaning
When organizing a business, some of the manager's main departments would include marketing. As in organizing of the business marketing plays an essential role.
What is organizing in business?The process of identifying and organizing work to be done, defining and allocating responsibility and authority, and building relationships.
The purpose of allowing people to work together more effectively to achieve goals is known as organizing.
Thus, marketing is important in organizing.
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Help how do you solve this
Based on the amount the Fed purchased and the required reserve ratio, the amount the bank will be able to lend customers is $9,460,000
What amount can the bank lend out?This can be found as:
= Amount purchased by Fed - (Amount purchased by Fed x Required reserve)
Solving gives:
= 11 million - ( 11 million x 14%)
= 11 million - 1,540,000
= $9,460,000
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true or false: the entry for a sale to customers is different depending on whether the customer pays with cash or a check. true false question. true false
Answer:
true
Explanation:
The given statement "The entry for a sale to customers is not different depending on whether the customer pays with cash or a check" is false.
Journal entry means an entry that is recorded in a journal, which is the book of prime entries where all business transactions are first recorded. The journal entry for a sale to customers is the same regardless of whether the customer pays with cash or check.
The journal entry for a sale to customers is:
Debit the cash account or accounts receivable account, which represents the amount that the customer owes to the business
Credit the sales account, which represents the revenue earned from the sale of goods or services sold to the customer
Debit any other expense or asset accounts involved, such as shipping expense or inventory, if applicable
Credit any other income or liability accounts involved if applicable
Therefore the entry for a sale to customers is different depending on whether the customer pays with cash or a check.
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If the expected rate of return on the market portfolio is 17% and T-bills yield 7%, what must be the beta of a stock that investors expect to return 14%?
Beta of a stock = ______
The beta of the stock is 0.7. This means that the stock is less risky than the overall market, as a beta of 1 indicates that the stock has the same level of risk as the market.
The beta of the stock can be calculated using the Capital Asset Pricing Model (CAPM) formula:
Expected return on stock = Risk-free rate + Beta*(Expected return on market - Risk-free rate)
Here, the expected return on stock is given as 14%, the risk-free rate is 7%, and the expected return on the market portfolio is 17%. Substituting these values in the formula, we get:
14% = 7% + Beta*(17% - 7%)
Simplifying this equation, we get:
7% = 10%*Beta
Dividing both sides by 10%, we get:
Beta = 0.7
A beta lower than 1 implies that the stock is less risky than the market, while a beta greater than 1 implies that the stock is more risky than the market.
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when an auto manufacturer applies scientific advancements to improve the gas mileage of its vehicles and increase sales, it is taking advantage of ______.
When an auto manufacturer applies scientific advancements to improve the gas mileage of its vehicles and increase sales, it is taking advantage of technological innovation.
Technological innovation refers to the application of scientific knowledge, research, and advancements to develop new processes, products, or services that provide improvements or benefits. In the context of the auto manufacturer improving the gas mileage of its vehicles, technological innovation plays a crucial role.
By applying scientific advancements, such as advancements in engine design, aerodynamics, lightweight materials, or hybrid/electric technology, the auto manufacturer can enhance the fuel efficiency of its vehicles. This improvement in gas mileage provides several advantages:
Competitive Edge: A higher gas mileage can give the auto manufacturer a competitive advantage in the market. Consumers often prioritize fuel efficiency when choosing vehicles, especially with rising fuel costs and environmental concerns. By offering vehicles with better gas mileage, the manufacturer can attract more customers and increase sales.
Cost Savings: Improved gas mileage reduces the amount of fuel consumed by vehicles, resulting in cost savings for vehicle owners. This can be a compelling selling point for the manufacturer, as it can position their vehicles as cost-effective options for consumers.
Environmental Benefits: Higher fuel efficiency translates to lower greenhouse gas emissions and reduced environmental impact. By utilizing technological innovation to improve gas mileage, the auto manufacturer can align with sustainability goals and appeal to environmentally-conscious consumers.
Regulatory Compliance: Governments and regulatory bodies often impose fuel efficiency standards and emissions regulations on automobile manufacturers. By leveraging scientific advancements to improve gas mileage, the manufacturer can meet or exceed these standards, ensuring compliance and avoiding penalties.
When an auto manufacturer applies scientific advancements to improve the gas mileage of its vehicles and increase sales, it is taking advantage of technological innovation. By incorporating advancements in areas such as engine design, aerodynamics, and hybrid/electric technology, the manufacturer can enhance fuel efficiency, gain a competitive edge, achieve cost savings, address environmental concerns, and meet regulatory requirements. Technological innovation plays a significant role in driving improvements in the automotive industry and meeting evolving customer demands.
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The reading suggests that if you decide partway through an interview that the candidate is not right for the job, you
should:
Answer: Remain Pleasant and positive, and let them know when you’ll make a decision
Explanation: just took the test
True or False
A Person who works full time for a power company in the energy cluster is considered a consultant.
Answer:
True
Explanation:
Answer:
False, i took the quiz and got 100% percent- k-12 7th grade career final exam
Explanation:
If you are trying to substantially reduce the amount you spend on food, you should try...
Answer:
Cooking your own food at home for as many meals as possible
Explanation:
To reduce the amount spent on food, I will make a spending plan or budget plan. It helps to reduce the amount spent on food without sacrificing nutrition.
What is a Budget plan? A budget plan is simply a plan you create to help you meet expenses and spend money the way you want to spend it. A good spending plan can help you stop “spending leaks” in other words, it can keep you from spending money without thinking.The spending plan for food:Make healthy choices (they are cheaper)Buy produce in seasonUse sales and couponsThink frozen, canned, or driedSave on protein foodsWaste not, want notIn this way, I will reduce the amount spent on food.
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Which is a true statement about the principles of organization?
The organizational principles are indeed similar regardless of the size of the business. This is a True statement.
The Scalar Principle, Delegation of Authority, Division of Labor, and Unity of Command. The four tenets of the organization are as follows.
The scale of a business's operations determines the production and, in turn, the number of sales it generates. You can run a business on a big scale, a medium scale, or a small scale. Return on assets, a proxy for financial performance, shows that firm size has a positive impact.
The size of a company may be a sign that it is expanding, which will cause the market to react favourably. The size or scale of a company increases as total assets and sales increase.
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Someone please help will mark as brainliest
Answer:
1. B
2. D
3. C
4. A
Explanation:
Happy Holidays :)
What is the definition of a team? What is teamwork? Why is learning to work well with others important in life? What is one issue that hinders you from wanting to work with other people? What is one thing you can change so you can be successful when working in teams?
Answer:
Team work is when every one comes together to do or accomplish something and the definition of team is a group of people that play for the same thing it's important in life because when you get into the real world you will have to work with other people even if you don't like them one issue that hinders you from wanting to work with other people is you don't like those other people one thing you can change so you can be successful when working in teams is try to get along with everyone else on the team.
time is limited i have 2 minuets on this
The best time to visit a college campus is:
A) during spring break.
B) Monday through Thursday.
C) over the summer.
D) on any Friday.