answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mafiozo [28]
2 years ago
8

Last year, DJ's Soda Fountains, Inc. reported an ROE = 27 percent. The firm's debt ratio was 50 percent, sales were $9 million,

and the capital intensity ratio was 1.5 times. What is the net income for DJ's last year? Multiple Choice a. $1.22m b. $1.82m c. $2.43m d. $2.84m
Business
1 answer:
notsponge [240]2 years ago
7 0

Answer:

b. $1.82m

Explanation:

Capital Intensity ratio = Total aasets / sales

1.5 = Total Assets / 9m

Total Assets = 9m x 1.5 = 13.5

ROE = Total Income / Shareholders equity

27% = Total Income / (13.5 x 50%)

27% = Total Income / 6.75

Total Income = 27% x 6.75

Total Income = 1.8225

Total Income = 1.82 (Rounded)

The correct option is b. $1.82m.

You might be interested in
A young couple living in rural west-central Missouri heard about the closing of a local grocery store. Although a small operatio
Vlad [161]

As new store owners, they had to carefully watch cash flow. As their customer base began to grow, they began offering hot food, and hired others to help with the operation. The economic benefit created in this story is called <u>An Invisible Hand</u>

Explanation:

Invisible hand refers to an economic term that is  used to describe the unexpected benefits of a business venture which was started with the sole purpose of self benefit but later on that benefit is also enjoyed by the community as a whole

This  clearly states the economic  benefit which was unexpected in the business.

In the given Scenario  also, the couple occupied the business but, the benefits were completely unexpected and the growth rate was  also high as related to   investment made.

Thus, the correct phrase for such situation is:<u>Invisible Hand</u>

5 0
2 years ago
Austrian Airlines was sued by a 51-year-old former director of sales who charged that he was dismissed and replaced by an employ
Angelina_Jolie [31]

Answer:

the correct answer is True

good luck ❤

7 0
2 years ago
To add a pie chart, first select the data to be charted and then tap or click the Insert Pie or Doughnut Chart button (INSERT ta
valina [46]

The given statement " To add a pie chart, first select the data to be charted and then tap or click the Insert Pie or Doughnut Chart button (INSERT tab | Charts group) " is TRUE

Explanation:

A pie chart is a circular mathematical diagram separated into slices that display numerical proportions. The length of each piece in a pie chart is proportional to the amount it represents.

In other words, each piece of the pie is relative to the size of the party in its entirety. The whole pie is 100% whole, while the pie "slices" represent portions of the whole.

You must have a list of both the category (description of your categories) and numerical variables to construct a pie chart.

Tables can be hard to draw by hand, in particular for tricky numbers. The entire pie is 360 degrees, making drawing 13.9% or 56% difficult. With the range of computer programs, it is not really important that you can create pie charts.

6 0
2 years ago
The action by Massachusetts farmers who were protesting debt collections, foreclosures, and taxes and which raised concern among
amid [387]

Answer:

Shay's rebellion

Explanation:

Shay's rebellion occurred in 1786 and was led by a former army captain, Daniel Shay.

<u>The rebellion was a form of protest against government policies such as foreclosure of farmlands, debt payments and taxes.</u>

The rebellion, along with some other events occurring at the time raised doubts about the Articles of Confederation and its ability to protect the Republic.

5 0
2 years ago
Read 2 more answers
Decker's is an all-equity financed chain of retail furniture stores. Furniture Fashions produces furniture and is the primary su
Vinil7 [7]

Answer:

13.968%

Explanation:

Discount is defined as a deduction from the selling price of a product, and it is used as a way to attract more customers by using price advantage compared to competitors.

The following formula can be used to calculate discount

Discount rate = Rate of return + Competitor's beta (market risk premium)

Discount rate = 0.031 + 1.43(0.076)

Discount rate= 0.13968= 13.968%

5 0
2 years ago
Read 2 more answers
Other questions:
  • What are the typical sources for gathering factual data for informal reports? check all that apply. printed material surveys and
    5·1 answer
  • Selected T-accounts for Moore Company are given below for the just completed year:Raw MaterialsBal. 1/1 35,000 Credits ?Debits 4
    9·1 answer
  • Imagine that you are holding 5,000 shares of stock, currently selling at $40 per share. You are ready to sell the shares but wou
    5·1 answer
  • Clive's manager appointed him to lead the marketing group because Clive emerged as a natural team leader in a previous assignmen
    12·1 answer
  • Gilbert Company made an ordinary repair to a delivery truck during 2016 at a cost of $500 and capitalized the repair cost. What
    9·1 answer
  • Tom's, Inc., produces various Mexican food products and sells them to Western Foods, a chain of grocery stores located in Texas
    5·1 answer
  • Question Workspace Exhibit 3-5 Supply for Tucker's Cola Data Quantity supplied per week (millions of gallons) Price per gallon 6
    5·1 answer
  • Ronaldo Soccer Shop's income statement reports sales of $100,000; cost of goods sold of $46,000, operating expenses of $34,000,
    6·1 answer
  • On Saturday, December 31, the company's owner provided ten hours of service to a customer. The company bills $100 per hour for s
    6·1 answer
  • Causwell Company began 2021 with 18,000 units of inventory on hand. The cost of each unit was $5.00. During 2021 an additional 3
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!