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Marysya12 [62]
2 years ago
7

What was the 2012 net profit amount if the 2013 pro-forma net profit of $187,000 was based on a 22% increase?

Business
1 answer:
makvit [3.9K]2 years ago
6 0

Answer:

2012 net profit = 100/122 x $187,000

2012 net profit = $153,279

Explanation:

Since the pro-forma net profit for 2013 is $187,000 which increases by 22% over the net profit of 2012, thus, the 2012 net profit is 100/122 of 2013 pro-forma net profit.

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Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual reve
Pachacha [2.7K]

Answer:

The question does not include any requirements, so I looked for similar questions:

  1. Use the least squares method to develop the estimated regression equation.
  2. For every additional car placed in service, estimate how much annual revenue will change.

1) Y = -14.95 + 12.82X

2) for every 1 thousand cars put into service, revenue should increase by $12.82 million.

See attached PDF for calculations

Download pdf
7 0
2 years ago
Anna has $38,654 in a savings account that pays 2.3 percent interest. Assume she withdraws $10,000 today and another $10,000 one
tester [92]

Answer:

$20,676.53

Explanation:

The qeustion is to determine Future Value of the withdrawal Anna will make in 4 years

Amount in Savings - Amount Withdrawn today) x 1 + rate - Amount to be withdrawn a year from today ) x 1 + rate ∧3 years

$38,654 - $10,000 x 1.023

= $28,564 x 1.023

= 29,313.042‬- 10,000 =

19,313.042 x 1.023 ∧3

=19,313.042x 1.070599167

$20,676.53

This means that after withdrawing $10,000 to day and another $10,000 one year form today, from Anna's initial savings of $38,654, she will be able to withdraw her entire balance of $20,676.53 in 4 years time.

3 0
2 years ago
"dharma, can i have jones in my office in 15 minutes? please ask him to bring the quarterly report along." identify the flow of
Ahat [919]
The flow of organizational communication is <span>Vertical—downward
Vertical communication referst to the flow of communciation between organization that happens between someone with higher position with the lower position.
Since the communciation is being done in the form of order, it is most likely that it happen between the boss to the suboordinates (downward)</span>
6 0
2 years ago
Unlike its competitors in the online air travel industry, Travelocity provides its customers with a greater variety of services
Trava [24]

Answer:

C. Diversification

Explanation:

Diversification is the process of a business enlarging or varying its range of products or field of operation.

8 0
2 years ago
You determined the following information for Big Rapid's Supplies: It has a receivables turnover rate of 23.5 a payables turnove
wlad13 [49]

Answer:

35 days

Explanation:

Receivables turnover rate = 23.5

Payables turnover rate = 12.5

Inventory turnover rate = 19.15

Length of firm's operating cycle :

(Days sales in inventory + average collection period)

Days' sales in inventory = (365 days / inventory turnover ratio)

Days' sales in inventory = (365 / 19.15)

Days's sales in inventory = 18.717 days

Average collection period : (365 / accounts receivable turnover ratio)

Average collection period = (365 / 23.5)

Average collection period = 15.531

(18.717 + 15.531)

= 34.248

= 35 days

4 0
2 years ago
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