Answer:
B, net income for the year was $1,200,000, average assets were $20 million, ROI was 6%
Explanation:
net income is calculated by multiplying the percentage margin by the sales. We have,
(2 ÷ 100) × $60,000,000
= 0.02 × $60,000,000
= $1,200,000
To calculate the average assets, sales is divided by the turnover.
we have, ($60,000,000 ÷ 3.0)
= $20,000,000.
To calculate the ROI, margin and turnover are multiplied.
we have,
(2% × 3.0) = 6%
Cheers.
Answer:
Hi
The answer is a) strictly on the basis of major curriculums offered
Explanation:
Thanks to the curriculum, teachers can instruct their students following a clear script. A good and elaborate curriculum must have fairly defined and clear parts. Its importance lies in the fact that with this plan they can attract more or less students. Thanks to the curriculum, parents and students can observe what kind of knowledge is prioritized in that center, as well as the basis for their education.
Answer:
$2,000
Explanation:
Usually, the landlord is required to notify the tenant if he/she plans to sell the property, but regardless of who owns the property (the original landlord or a new landlord), the contract terms are valid and must be honored by both the current landlord and the tenant.
The new owner immediately became the new landlord and he/she assumed all the responsibilities stated in the lease contract. Since the lease contract stated that the "lessor (landlord) agreed to maintain all structures on the property in good repair", the new landlord must pay for any necessary repairs.
Answer:
b. $4,908,000
Explanation:
According to the FASB GAAP, the straight line method is used in this given question which is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($40,900,000 - $4,090,000) ÷ (15 years)
= ($36,810,000) ÷ (15 years)
= $2,454,000
In this method, the depreciation is same for all the remaining useful life
For two years, the accumulated depreciation would be
= Annual year depreciation × number of years
= $2,454,000 × 2 years
= $4,908,000
<u>PART A:</u>
The government has voted for budget neutral tax cut policy in order to avoid the enhancement in the deficit. Thereby, government spending will be reduced by an amount of $8 billion.
<u>PART B:</u>
The calculation for fall in GDP is as follows:
Multiply with change in government expenditure,
Thus, if the government expense is reduced by $8 billion then fall in GDP is by $53.33 billion
<u>EFFECT ON GDP DUE TO REDUCTION OF TAX:</u>
Multiply with change in tax,
Thus, when the taxes are reduced by $8 billion, then GDP shows an increase by $45.33 billion.
Therefore, change in equilibrium level of real GDP = -$8 billion ( -53.33 billion + 45.33 billion).
