Rogers​, a national manufacturer of​ lawn-mowing and​ snow-blowing equipment, segments its business according to customer​ type: Professional and Residential. Assume the following divisional information was available for the past year​ (in thousands of​ dollars):

Sales Operating Income Total Assets
Residential $850,000 $68,000 $200,000
Professional $1,095,000 $153,300 $365,000

Assume that management has a 25% target rate of return for each division.

Requirements
a. Calculate each division’s ROI.
b. Calculate each division’s sales margin. Interpret your results.
c. Calculate each division’s capital turnover. Interpret your results.
d. Use the expanded ROI formula to confirm your results from Requirement a. What can you conclude?
e. Calculate each division’s residual income (RI). Interpret your results.

Answers

Answer 1

Answer:

A.Residential 34%

Professional 42%

B.Residential 8%

Professional 14%

C.Residential 4.25%

Professional 3%

D.Residential 34%

Professional 42%

E.Residential $18,000.00

Professional $62,050.00

Explanation:

A.Calculation for  each division’s ROI

Using this formula

Return on Investment

=Net Income / Average Invested Assets

Let plug in the formula  

Residential $68,000.00/$200,000.00 = 34.00%

Professional $153,300.00/$365,000.00 = 42.00%

B.Calculation for  each division’s sales margin. Interpret your results

Using this formula

Sales Margin= Operating income/Sales

Let plug in the formula

Residential $68,000.00/$850,000.00 = 8.00%

Professional  $153,300.00/$1,095,000.00 = 14.00%

C.Calculation for each division’s capital turnover

Using this formula

Capital Turnover=Sales/Average operating assets

Let plug in the formula

Residential $850,000.00 /$200,000.00 = 4.25

Professional $1,095,000.00/$365,000.00 = 3.00

D.Using  the expanded ROI formula to confirm the results from Requirement a.

Using this formula

Return on Investment=Profit Margin * Investment Turnover

Let plug in the formula  

Residential 8.00% * 4.25%  34.0%

Professional 14.00% * 3.00%  42.0%

E.Calculation for  each division’s residual income (RI)

Residential Professional

Average investment

$200,000.00 $365,000.00

×Target return 25%   25%

=Target income

$50,000.00 $91,250.00

Hence,

Operating income $68,000.00 $153,300.00

Less:Target income$50,000.00 $91,250.00

Residual income $18,000.00 $62,050.00


Related Questions

The Sherman Antitrust Act of 1890 was successful enough in reducing the power of cartels and monopolies that no further legislation to curb monopoly power has ever been needed.

a. True
b. False

Answers

Answer:

False

Explanation:

After the Sherman Antitrust Act of 1890 , the Clayton Act was passed in 1914. the purpose of this act was to strengthen the anti trust law

. A particular parcel of real estate (land) is sold for $20,000,000 and was originally purchased for $10,000,000. On a taxable sale, explain a circumstance (type of investor, intent, entity, etc.) that would pay the following U.S. federal income tax results on the $10,000,000 gain (exclude the 3.8% net investment income tax and any state taxes in the calculation):

Answers

Question Completion:

Choices: a. No tax liability on the sale b. $2,000,000 of tax c. $2,960,000 of tax d. $2,100,000 of tax

Answer:

b. $2,000,000 of tax for individuals

Explanation:

Long-term capital gains tax is a tax on profits from the sale of an asset which an investor has held for more than a year. The approved long-term capital gains tax rates are 0%, 15% or 20% depending on your taxable income bracket and whether you are filing as a single or jointly as married.  But, an important point to note is that long-term capital gains tax rates are generally lower than short-term capital gains tax rates, thus encouraging investors to hold assets for a longer time.  Short-term capital gains tax rates are the rates applicable to the normal individual income tax brackets.

An assembly line with 17 tasks is to be balanced. The longest task is 2.4 minutes, and the total time for all tasks is 18 minutes. The line will operate for 450 minutes per day.Required:a. What are the minimum and maximum cycle times? b. What range of daily output is theoretically possible for the line? c. What is the minimum number of workstations needed if the maximum output rate is to be sought?d. What cycle time will provide an output rate of 125 units per day?

Answers

Answer

a)Minumum cycle time = 2.4 Minutes And Maximum cycle time = 18 Minutes

b)=187.5 units per day and 25 units per day

c) 8 workstation

d)2.6min/cycle

Explanation:

Given:

output rate = 125 units per day

Operating time= 450 minutes per day

What are the minimum and maximum cycle times?

Minimum Cycle time = duration of the longest task

Therefore,Minimum cycle time = 2.4 minutes

Maximum cycle time = addition of the task

Maximum Cycle Time = 18 minutes

Therefore, Minumum cycle time = 2.4 Minutes And Maximum cycle time = 18 Minutes

B)B)What range of daily output is theoretically possible for the line?

Range of daily output = Operating time / minimum Cycle time

At 2.4 minutes Cycletime

= 450/2.4

=187.5 units per day

At Cycle time 18 Minutes

= 450/18

Cycle time 18 minutes = 25 units per day

C)What is the minimum number of workstations needed if the maximum output rate is to be sought?

number of workstation=(D× summation of all task)/Operating time

number of workstation=(187.5*18)/450

= 7.5= 8 workstation

D)What cycle time will provide an output rate of 125 units per day?

cycle time= Operating time/output rate

=450/125

= 2.6min/cycle

Today’s business headlines frequently cite pensions being underfunded, thus costing companies more in contributions to their pension fund as well as pensioners risking not receiving what they had planned for retirement. This has been caused by underperformance of the pension fund itself and the over promising of benefits to retirees. Take the following example:_______.
Assume $20m was invested today to provide for pension payments for a group of employees. Assume also that the average return on these funds was 8.5%
1. How big will the fund be in 25 years?
2. Suppose at year 12 the fund decreased in value by 30%. What returns would be required for the next 13 years to achieve the 25 year amount?
3. Advisor's counseled the company that a conservative investment return of 6% annually for the next 13 years would be advisable and that the company would have to contribute annually to make up the shortfall. How much would have to be contributed annually beginning year 13 if the fund earned 6% in order to achieve the 25 year goal?
Please show the method used to solve this problem.

Answers

Answer:

1) in 25 years, the pension fund should equal:

future value = present value x (1 + interest rate)ⁿ

FV = $20,000,000 x (1 + 8.5%)²⁵ = $153,735,247

2) the value in 12 years = $20,000,000 x (1 - 30%) = $14,000,000

future value = present value x (1 + interest rate)ⁿ

$153,735,247 = $14,000,000 x (1 + interest rate)¹³

(1 + interest rate)¹³ = $153,735,247 / $14,000,000 = 10.981

¹³√(1 + interest rate)¹³ = ¹³√10.981

1 + interest rate = 1.2024

interest rate = 1.2024 - 1 = 20.24%

3) if the fund only earns 6%, in 13 years it will be worth:

FV = $14,000,000 (1 + 6%)¹³ = $29,860,996

so you need $153,735,247 - $29,860,996 = $123,874,251 more

we need to use the future value of an annuity formula:

FV of an annuity = annuity payment x annuity factor

FV of an annuity = $123,874,251annuity payment = ?annuity factor (6%, 13 periods) = 18.882

annuity payment = $123,874,251 / 18.882 = $6,560,441

15. Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments discounted at 10% was $81,100. Ten annual lease payments of $12,000 are due each year beginning July 1, 2021. Smith Co. had constructed the equipment recently for $66,000, and its retail fair value was $81,100. What amount of interest revenue from the lease should Smith Co. report in its December 31, 2021, income statement

Answers

Answer: $3,455

Explanation:

The interest received by Smith can be calculated as;

Interest Value = Present value of lease payment * interest rate

Present Value of interest rate

Ten annual lease payments of $12,000 are due each year beginning July 1, 2021.

That means first payment has been made already. Present value is;

= 81,100 - 12,000

= $69,100

Only half a year has gone by so this will need to be reflected;

Interest Value = Present value of lease payment * interest rate

= 69,100 * 10% * 6/12

= $3,455

If a corporation has a dividend payout ratio of 75%, the undistributed earnings (25%) will:_________.
A. increase earnings per share.
B. decrease book value.
C. increase capital in excess of par
D. increase retained earnings

Answers

Answer:

D

Explanation:

Retained earnings is what is left of net income after a company has paid out dividends to its shareholders.

If the range of feasibility indicates that the original amount of a resource, which was 20, can increase by 5, then the amount of the resource can increase to 25.

a. True
b. False

Answers

Answer: True

Explanation:

The range of feasibility is used to measure values that are on the right-hand-side(objective function) that won't alter dual prices.

When the range of feasibility indicates that the original amount of a resource, which was 20, can increase by 5, then the amount of the resource can increase to (20 + 5) = 25

Therefore, the option is true

You have ​$. You put ​% of your money in a stock with an expected return of ​%, ​$ in a stock with an expected return of ​%, and the rest in a stock with an expected return of ​%. What is the expected return of your​ portfolio?

Answers

Answer: 16.26%

Explanation:

The expected return is the weighted average of the returns of the constituent stocks in the portfolio.

Weights.

Stock A = 20%

Stock B

= 30,000/70,000

= 0.4286

Stock C

= 70,000 - 30,000 - (20% * 70,000)

= 70,000 - 30,000 - 14,000

= $26,000

= 26,000/70,000

= 0.3714

Expected return = ( 0.2 * 12%) + ( 0.4286* 15%) + ( 0.3714 * 20%)

= 0.024 + 0.06429‬ + 0.07428‬

= 0.16257‬

= 16.26%

Uber's guidance that if a driver's "rating over the most recent 100 trips is below a 4.6, your profile may be at risk of deactivation" represents which step in the control process?

a. take corrective action, if necessary
b. compare performance to standards
c. recognize success
d. measure performance
e. establish standards

Answers

Answer:

e. establish standards

Explanation:

-Take corrective action, if necessary is when managers decide strategies to implement when the results are not meeting the standards that were established.

-Compare performance to standards is the step that determines if there is a difference between the company's performance and the standards.

-Recognize success is not a step in the control process.

-Measure performance refers to gather and analyze data to determine if the company is meeting the goals set.

-Establish standards refers to establishing goals that are specific, attainable and clear to be able to evaluate the company's performance.

According to this, the answer is that Uber's guidance that if a driver's "rating over the most recent 100 trips is below a 4.6, your profile may be at risk of deactivation" represents establish standards because Uber established a rating that driver's need to achieve which represents the standard that would be use to evaluate them.

Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 145 units per hour. In the month of July, the company operated the production line for a total of 265 hours and produced 30,400 units of output.What was its capacity utilization rate for the month?

Answers

Answer:

79.1%

Explanation:

Hoosier manufacturing operates a production shop that is modelled to have the lowest unit of production

The output rate is 145 units per hour

In the month of July the company operated the production line for 265 hours

30,400 units of output were produced

Therefore, the capacity utilization rate can be calculated as follows

= 30,400 units/265 hours ×145

= 30,400/38,425

= 0.791×100

= 79.1%

Hence the capacity utilization rate for the month is 79.1%

Empirical evidence from 1960 to 2010 shows that convergence in economic growth is occurring in which of the following cases?

a. All low-income countries are catching up to all high-income countries.
b. Low-income industrial countries are catching up to high-income developing countries.
c. Low-income developing countries are catching up to high-income industrial countries.
d. Low-income industrial countries are catching up to high-income industrial countries.

Answers

Answer:

Correct Answer:

c. Low-income developing countries are catching up to high-income industrial countries.

Explanation:

The evidence which shows that low income developing countries are catching up to high-income industrial countries could be found in the series of developmental strides made by some countries like Rwanda, Kenya, Tanzania, Indonesia, Vietnam etc over the years. Most of their achievements is at par with most European countries in different sectors such as educational, and social sectors.

Victorinox is the name of the company that manufactures Swiss army knives. As a result of new regulations governing what passengers could carry with them on airplane trips, the company has lost 30 percent of its business. In other companies, this might have led to business failure, but because Victorinox had _____ plans, it was able to continue to operate profitably.

Answers

Answer: contingency plans

Explanation:

A contingency plan is a plan that's designed in order to take into consideration ever possible event or circumstance that may occur in the future.

The aim of a contingency plan is to help an organization hat back to its feet as soon as possible when an unforeseen event o circumstance happens.

Identify five HRM criteria or components that can be used to measure organizational effectiveness or ineffectiveness. "Grievance rate" is an example.

Answers

Answer:

They include;

1. Customer Satisfaction

2. Absenteeism

3. Legal Compliance

4. Performance

5. Training

Explanation:

The Human Resource Management criteria that are used to measure the effectiveness or ineffectiveness of an organization, are a list that gives an idea of how an organization is performing, and this list can serve as a basis of comparison with other organizations. These options include;

1. Satisfaction: If the employees are treated fairly and so, feel satisfied with the organization, then they can be said to be effective.

2. Absenteeism: When workers are always absent from work it does not present the organization as an effective one.

3. Legal Compliance: The organization must be able to comply to government rules and regulations guiding the business to be rated as effective.

4. Performance: High or low-performance which is reflected in the turnover rates would be an indication of how effective or ineffective an organization is.

5. Training: The organization should be able to provide regular standard training for its workers to be rated as effective.

If an economist wishes to determine whether there is evidence that average family incomes in a community exceeds $25,000:_______

a. either a one-tailed or two-tailed test could be used with equivalent results.
b. a one-tailed test should be utilized.
c. a two-tailed test should be utilized.
d. None of the above.

Answers

Answer: one tailed test should be utilized

Explanation:

From the question, we are informed that an economist wishes to determine whether there is evidence that average family incomes in a community exceeds $25,000.

A one tailed test should be utilized because the region of rejection will just have to be based on one side.

An increase in input prices causes:___________
a) the market supply to shift inward, driving the equilibrium price downward.
b) the market supply to shift outward, leading to a higher equilibrium price.
c) the market supply to shift inward, driving the equilibrium price higher.
d) the supply curve to decrease and the demand curve to decrease.

Answers

Answer: the market supply to shift inward, driving the equilibrium price higher.

Explanation:

An increase in input prices will result into a rise in the production costs. This will result in a leftward shift of the supply curve.

Therefore, the market supply will shift inward, driving the equilibrium price higher. This simply means that there will be lesser supply of the product and hence, increase in price.

When Production decreases what is a very likely possibility? a hire new workers b expand production c purchase new equipment d downsizing

Answers

The correct answer is D. Downsizing

Explanation:

In businesses, the term "downsizing" is used to describe a reduction in the number of workers or the total labor force. This often means non-essential workers are fired or even complete departments are eliminated. Moreover, this is likely to occur if the business expenses are higher than its profits or if the production decreases because in both situations fewer workers are needed to eliminate unnecessary expenses. In this context, if production decreases it is likely downsizing occurs.

Canadian logging companies sell timber in the United States. To the U.S., the timber is a(n)_____, and for Canadians, the timber is a(n) _____.

Answers

Answer: import; export

Explanation:

Canadian logging companies sell timber in the United States. To the U.S., the timber is an import, and for Canadians, the timber is an export.

An import is a good that is brought into a country and sold from another country while an export is a good that a country sells to other country. Timber is a export to the United States since it's brought from Canada.

100 million diluted shares outstanding trading at $37.50 per share. The company has $1 billion of debt outstanding with a cost of debt at 6.5% at a marginal tax rate of 40%. The company has $100 million of cash on its balance sheet. What is the enterprise value of Correct Inc.

Answers

Answer:

$4,650,000,000

Explanation:

We will use the formula below to calculate the enterprise value of Correct inc.

Enterprise value = Market value capital and debts - Cash and investments

= 100 million diluted shares × 37.50 per share + $1 billion of debt outstanding - $100 million cash

= $3750m + $1000m - $100m

= $4,650,000,000.

A firm has a debt-to-equity of 0.69 and a market-to-book ratio of 3.0. What is the ratio of the book value of debt to the market value of equity?

Answers

Answer:

0.23

Explanation:

Debt to Equity  Ratio = Total debt/ Total common equity

Market to book Ratio = Market price per share / Book value per share

Book debt to Market equity Ratio = Debt to Equity  Ratio / Market to book Ratio

Book debt to Market equity Ratio = 0.69 / 3

Book debt to Market equity Ratio = 0.23

Therefore, the ratio is 0.23

A U.S. manufacturing company operating a subsidiary in an LDC (less-developed country) shows the following results:
U.S. LDC
Sales (units) 100,000 20,000
Labor (hours) 20,000 15,000
Raw materials (currency) $20,000 FC 20,000
Capital equipment (hours) 60,000 5,000
a. Calculate partial labor and capital productivity figures for the parent and subsidiary. Do the results seem confusing?
b. Compute the multifactor productivity figures for labor and capital together. Do the results make more sense?
c. Calculate raw material productivity figures (units/$ where $1=FC 10). Explain why these figures might be greater in the subsidiary.

Answers

Answer:

a. Labor Productivity:

Country     Sales (Units)    Labour (hours)     Productivity (Sales/Labour hours)

U.S              100,000              20,000              5 units / hours

LDC             20,000                15,000               1.33 units/ hours

Capital Productivity

Country     Sales (Units)    Capital (hours)     Productivity (Sales/Capital hours)

U.S              100,000               60,000                1.67 units / hour

LDC             20,000                 5,000                  4 units / hours

Conclusion: Yes, the result seems confusing. The labour productivity in U.S. is higher than LDC while the capital productivity in U.S. is lower than LDC which is contradictory.

b. Multi-factor productivity for Labor and Capital

Country      Sales                  Input                  Productivity

                  (Units)         (Labor + Capital)       (units/hours)

U.S.          100,000                80,000                1.25 units/hour

                                       (20,000 + 60,000)

LDC           20,000                 20,000                1 units/hour

                                        (15,000 + 5,000)

Conclusion: Yes it make sense as multi-factor productivity is better than partial productivity. Labor and capital are subtitles and that gives better presentation of the productivity.

c. Raw material productivity

Country      Sales           Raw material            Productivity

                  (Units)            (Currency)              (units/hours)

U.S.            100,000         $20,000                  5 units per dollar

LDC            20,000          = $2,000                 10 units per dollar        

Conclusion: The figures are greater in subsidiary because the price paid for raw material is much slower than the parent country.

 

Note: $1 = FC 10

$20,000 = FC 10

FC = $20,000 / 10 = $2,000

A firm has the following gross requirements for Item OF. Ordering costs are $60 per order and carrying costs are $0.50 per period.

Item F Period
LT: 1 1 2 3 4
Gross Requirements 60 40 80 60
Schedule Receipts
Project on Hand 100
Net Requirements
Planned Order Receipts
Planned Order Releases

If EOQ lot sizing is used the minimum order quantity would be:_______

a. 85
b. 100
c. 120
d. 150

Answers

Answer:

c. 120

Explanation:

The economic order quantity is the minimum amount of inventory that a seller must keep to demand and lower the holding cost. The formula for Economic order quantity is represented by the formula:

EOQ = [tex]\sqrt{\frac{2*Demand*Ordering Cost}{Holding cost} }[/tex]

EOQ = [tex]\sqrt{\frac{2*240*60}{0.5} }[/tex]

EOQ = 120

the gross sales for store B were 876500. the custmer returns and allowances were 10%. what was the dollar amount of returns and allowances

Answers

Answer:

$87,650

Explanation:

The computation of the dollar amount of returns and allowances  is shown below:

= Gross sales for store B × customer returns and allowances percentage

= $876,500 × 10%

= $87,650

By multiplying the gross sales with the customer returns and allowances percentage we can get the dollar amount with respect to the returns and allowances and the same is to be considered

Sonny's BBQ Company recently issued $85 par value preferred stock that pays an annual dividend of $9. Analysts estimate that the stock has a beta of 1.01. The current T-bill rate is 2.4%. The S&P 500's expected return is 12.1%. Assuming that CAPM holds, what is the intrinsic value of this preferred stock?

Answers

Answer:

Intrinsic value=$73.77

Explanation:

The Dividend Valuation Model(DVM) is a technique used to value the worth of an asset.

According to this model, the value of an asset is the sum of the present values of the future cash flows would that arise from the asset discounted at the required rate of return.

Price = D/Kp

D- Dividend payable

Kp- cost of preferred stock

So will need to work out the cost of equity using CAPM

The capital asset pricing model (CAPM): relates the price of a share to the market risk or systematic risk. The systematic risk is that which affects all the all the economic agents, e.g inflation, interest rate e.t.c  

This model is considered superior to DVM. Hence, we will use the CAPM

Using the CAPM , the expected return on a asset is given as follows:  

E(r)= Rf +β(Rm-Rf)  

E(r) =? , Rf- 2.4%, Rm- 12.1% β- 1.01

E(r) = 2.4% + 1.23×(12.1- 2.4)%  = 12.20 %

Cost of preferred stock= 12.20 %

Using the dividend valuation model

Intrinsic value = 9/0.1220=73.77

Intrinsic value=$73.77

Which of the following is an advantage of a CD?
usually a higher interest rate
saving for a short-term purpose
flexible withdrawals
can be cashed out every year

Answers

Answer:

An Advantage of a Certificate of Deposit (CD) is:

It usually offers a higher interest rate.

Explanation:

For instance, Jones Company can purchase a certificate of deposit (CD) from Bank A. The CD is a financial product that pays a locked and premium interest rate.  In exchange for this locked and higher interest rate, Jones Ltd agrees to leave a lump-sum deposit which it cannot withdraw from until a predetermined period of time.  A CD is not a saving for a short-term purpose, and does not allow for flexible withdrawals unless after the maturity date has been reached.  This implies that Jones Ltd cannot cash it out unless after the maturity date.

valdes corporation had a credit balance in the allowance for doubtful accounts of $62,000 at 1/1/19 during 2019, it wrote off $21,400 of accounts and collected $7,800 on accounts previously written off, the amount of bad debt expense recoginzed in 2019 is $11,000. if valdes estimates at the year end that 6% accounts receivable will prove to be uncollectible what is the account receivable balance at 12/21/2019

Answers

Answer:

The account receivable balance at 12/31/2019 is $990,000

Explanation:

Ending balance of allowance account = Beginning  allowance + Bad debt expense - Doubtful accounts written off + Amount collected on written off doubtful account

Ending balance of allowance account = $62,000 + $11,000 - $21,400 + $7,800

Ending balance of allowance account = $59,400

Accounts receivable balance at 12/31/2019 = $59,400 / 6%

=$990,000

Company X's current assets increased by $40 million from 2007 to 2008, while the company's current liabilities increased by $25 million over the same period. The cash impact of the change in working capital was:

a. A decrease of $15 million
b. An increase of $15 million
c. An increase of $40 million
d. An increase of $25 million

Answers

Answer:

b. An increase of $15 million

Explanation:

The computation of the cash impact of the change in working capital is shown below:

As we know that

Working capital = Current assets - current liabilities

So, the change in working capital is

= Increase in current assets  - increased in current liabilities

= $40 million - $25 million

= $15 million

Hence, the b option is correct

The production sector would NOT include Group of answer choices a Florida orange grove a California wine grower a meat packing plant

Answers

Answer: Meat packing plant

Explanation:

The options to the question are:

A. California wine grower

B. meat packing plant

C. horticultural nursery

D. Florida orange grove

E. none of the above

Of all the options given in the question, the correct answer is meat packing plant. It should be noted that the meat packaging plant will not be part of the production sector due to the fact that no productive activities are taking place, it only involves in services.

In capital rationing, alternative proposals that survive initial screening by cash payback and average rate of return methods are further analyzed using:________

Answers

Answer:

Net present value and internal rate of return

Explanation:

when making a decision between alternative projects, initial analysis is done with the cash payback and average rate of return.

Cash payback period calculates the amount of time it takes to recover the amount invested in a project from its cumulative cash flows

Average rate of return = Average net income / average book value.

this is followed by the Net present value analysis and Internal rate of return determination.

Net present value is the present value of after tax cash flows from an investment less the amount invested.  

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

project with the highest positive project NPV should be chosen.

Also, a project with an IRR greater than the discount rate should be chosen. when choosing between alternative projects, the project with the highest IRR should be chosen if the IRR is greater than the discount rate.

Use goal seek to answer this question. All else equals, to have a net income of 20,000, the COGS margin percentage must be ______, and the gross profit must be ______. Review Later

Answers

Answer:

Use goal seek to answer this question. All else equals, to have a net income of 20,000, the COGS margin percentage must be 40%, and the gross profit must be $17,250.

Explanation:

The income statement is missing, so I looked it up and the information given was:

Revenue 100,000 COGS 40,000 Gross Profit 60,000 Salaries Marketing Rent Earnings Before Tax 23,000Income Tax 25% Net Income ?

Since COGS are$40,000 and total sales are $100,000, the COGS margin percentage = 40,000 / 100,000 = 40%

Since earnings before taxes are $23,000 and taxes are 25%, then net income = $23,000 x (1 - 25%) = $23,000 x 75% = $17,250

GDP can be calculated by summing _____. rev: 04_09_2018 Multiple Choice consumption, investment, government purchases, and net exports consumption, investment, government purchases, and imports consumption, investment, wages, and rents consumption, investment, government purchases, exports, and imports

Answers

Answer:

consumption, investment, government purchases, and net exports

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

Imports is subtracted from GDP and not added

Other Questions
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