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1 year ago

There are 713 identical plastic chips numbered 1 through 713 in a box.

Business

1 answer:

melamori03 [73]1 year ago

6 0

Answer:

0.0014

Explanation:

There are 713 chips.

Only one chip is numbered 564.

Finding the probability of picking no. 564 will be

=1/713

=0.0014

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A firm has a profit margin of 12 percent; total asset turnover of 0.55 and an equity multiplier of 2.2. What is the firm's ROA a

lutik1710 [3]

Answer:

ROA = 6.6%

ROE 14.52%

Explanation:

profit margin = net income / sale = 12%

assets turn over = sales / assets = 0.55

equity mutiplier = assets / equity = 2.2

ROE = return on equity = net income / equity

ROA = return on equity = net income / assets

we use the fraction properties to get ROE and ROA

$\frac{income}{sales} \times \frac{sales}{Assets} =\frac{income}{Assets} \\ 0.12 \times 0.55 = 0.066\\$

ROA = 6.6%

We apply the same property to get ROE

$\frac{income}{assets} \times \frac{assets}{equity} =\frac{income}{equity} \\ 0.066 \times 2.2 = 0.14252\\$

ROE = 14.52%

6 0

2 years ago

Hardwoods, a timber supplying company, contracted with a furniture manufacturer, taylor furniture. hardwoods owned a large plot

charle [14.2K]

A. Instead of a tornado’s striking Hardwoods’ land, the state in which Hardwoods operates passes a law making it illegal for any lumber
<span>companies to cut down trees for the purposes of selling their wood. This environmental measure causes Hardwoods to go out of business.</span>

6 0

2 years ago

Karma Company has prepared its operating budget for the first quarter of 20x9. The company forecasts sales of $50,000 in Februar

Shtirlitz [24]

Answer:

The correct solution is "38,500".

Explanation:

The given values are:

Sales in February,

= $50,000

Sales in March,

= $60,000

Sales in April,

= $70,000

Now,

The total selling and administrative expenses for the month of February will be:

= $Variable \ costs + Fixed \ cos ts$

On substituting the values, we get

= $50,000\times (40 \ percent+5 \ percent) + (8,00 0+5,000+1,200+800+1,000)$

= $20000+2500+8000+5000+1200+800+1000$

= $38,500$

4 0

1 year ago

Ignacio owns a small business that employs 12 full-time workers. He has recently been told by his financial advisor that he woul

ASHA 777 [7]

Answer:

Ignacio would have to fire some of his full time workers and hire contingent workers.

Contingent workers are independent contractors. So Ignacio wouldn't be responsible for paying employment taxes since contingent workers are responsible for handling their own taxes.

5 0

2 years ago

Merck & Company reported the following from its 2016 financial statements. $ millions 2013 2014 2015 2016 Accounts receivabl

kherson [118]

Answer:

a. Compute accounts receivable gross for each year.

2013 $7,330
2014 $6,779
2015 $6,649
2016 $7,213

b. Determine the percentage of allowance to gross account receivables for each year.

2013 1.99%
2014 2.26%
2015 2.48%
2016 2.70%

c. 2013 2014 2015 2016

adjusted allowance for $173 $160 $157 $170

doubtful accounts

Balance sheet adjustments:

allowance for doubtful accounts $27 $7 -$8 -$25

accounts receivable net $7,157 $6,633 $6,476 $6,993

deferred tax liability -$9.45 -$2.45 $2.8 $8.75

retained earnings $9.45 $2.45 -$2.8 -$8.75

Income statement adjustments:

bad debt expense $27 $7 -$8 -$25

income tax expense -$9.45 -$2.45 $2.8 $8.75

net income $9.45 $2.45 -$2.8 -$8.75

Explanation:

2013 2014 2015 2016

Accounts receivable, net $7,184 $6,626 $6,484 $7,018

Allowance for doubtful accounts $146 $153 $165 $195

four year average of allowance for doubtful accounts = (1.99 + 2.26 + 2.48 + 2.7) / 4 = 2.36%

8 0

2 years ago