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zzz [600]
2 years ago
9

The ABC Company has a net income of $56,000, assets at the beginning of the year are $263,000 and assets at the end of the year

are $313,000. What is the company’s return on assets?
Mathematics
2 answers:
Vera_Pavlovna [14]2 years ago
8 0

Answer:

19.4%

Step-by-step explanation:

aleksandr82 [10.1K]2 years ago
4 0

Answer:

19.4 %

Step-by-step explanation:

The formula for<em> return on assets</em> (ROA) is

ROA = Net income /Total assets × 100 %

Since assets vary, we use the <em>average</em> of the total assets over the period.

<em>Calculate the average total assets</em>

At beginning of year, total assets = $263 000

At end of year, total assets            = $313 000

Average = (313 000 + 263 000)/2

Average = 576 000/2

Average = $288 000

===============

<em>Calculate the ROA</em>

Net income = $56 000

ROA = 56 000/288 000 × 100 %

ROA = 0.194 × 100 %

ROA = 19.4 %

The company’s return on assets is 19.4 %.

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Shtirlitz [24]

Answer:

1356.5 cubic inches

Step-by-step explanation:

Given information:

Height of the cylinder = 12 in.

Radius of base of the cylinder = 6 in.

We need to find volume of the cylinder.

Volume of cylinder:

V=\pi r^2h

where, r is the radius of base and h is height of the cylinder.

Substitute the given values in the above formula.

V=\pi (6)^2(12)

V=(3.14)(36)(12)            [\because \pi=3.14]

V=1356.48

Approx to nearest tenth.

V\approx 1356.5

Therefore, the volume of cylinder is 1356.5 cubic inches.

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2 years ago
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Nataly_w [17]
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5 0
2 years ago
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The baker pays $0.80 per pound for sugar and $1.25 per pound for butter. Write an expression that shows how much the baker will
alekssr [168]
X is sugar
y is butter
z is total money

$0.80x + $1.25y = z

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2 years ago
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Steve stayed after school for extra activities 55% of the 180 school days this year. How many days did Steve stay after school?
musickatia [10]

Answer:

11/20 or 99/180 days

Step-by-step explanation:

55/100 converted to ?/180

180/100=1.8

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7 0
2 years ago
A survey of 225 students showed the mean number of hours spent studying per week was 20.6 and the standard deviations was 2.7
LekaFEV [45]

Answer:

The margin of error is approximately 0.3

Step-by-step explanation:

The following information has been provided;

The sample size, n =225 students

The sample mean number of hours spent studying per week = 20.6

The standard deviation = 2.7

The question requires us to determine the margin of error that would be associated with a 90% confidence level. In constructing confidence intervals of the population mean, the margin of error is defined as;

The product of the associated z-score and the standard error of the sample mean. The standard error of the sample mean is calculated as;

\frac{sigma}{\sqrt{n} }

where sigma is the standard deviation and n the sample size. The z-score associated with a 90% confidence level, from the given table, is 1.645.

The margin of error is thus;

1.645*\frac{2.7}{\sqrt{225}}=0.2961

Therefore, the margin of error is approximately 0.3

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2 years ago
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