c. government sector
b. investment sector
d. net exports
To find Murphy's net income for 2018, we can use the accounting equation and the statement of retained earnings. Since there were no stock transactions, the change in stockholders' equity is due to net income and dividends. By plugging in the given dividend amount of $90,000, we can calculate that Murphy's net income for 2018 was $180,000.
To find Murphy's net income for 2018, we can use the accounting equation and the statement of retained earnings.
The accounting equation is: Assets = Liabilities + Stockholders' Equity.
Since there were no stock transactions in 2018, the change in stockholders' equity is due to net income and dividends. The formula for the change in stockholders' equity is: Change in Equity = Net Income - Dividends.
We know that dividends were $90,000, so we can plug that into the formula and solve for net income: $90,000 = Net Income - $90,000. Solving for Net Income, we find that Murphy's net income for 2018 was $180,000.
#SPJ2
b) false
Answer:
a) true
Explanation:
If a firm's fixed assets turnover ratio is significantly higher than its industry average, this could indicate that it uses its fixed assets very efficiently or is operating at over capacity and should probably add fixed assets.
Fixed asset turnover ratio can be defined as an efficiency ratio which gives the ratio of sales to the value of fixed assets owned by an organization.
Generally, it is calculated by dividing an organization's net sales by its net assets such as equipment, factory, and property. However, the fixed assets equals the fixed asset minus depreciation. When the fixed assets turnover ratio is high, it simply means that the organization is efficiently using its fixed assets to improve or generate more sales and vice-versa.
If a firm's fixed assets turnover ratio is significantly higher than its industry average, it indicates efficiency, not overcapacity.
The correct answer is b) false. If a firm's fixed assets turnover ratio is significantly higher than its industry average, it indicates that the firm is using its fixed assets more efficiently compared to its competitors in the same industry. It means that the firm is generating higher sales with the given fixed assets, which is a positive sign of efficiency. Adding more fixed assets in this scenario would not be necessary as it would decrease the fixed assets turnover ratio.
#SPJ6
b. socialist economy.
c. welfare state.
d. command economy.
Answer:
$3,110.50
Explanation:
If the formula for calculating your credit card balance after t monthly payments is $15,000 x (0.986975)∧t, and t = 120 (= 10 years x 12 payments per year);
your credit card balance will = $15,000 x (0.986975)∧120 = $15,000 x 0.20737 = $3,110.50 after 10 years.
It is never a good idea to only pay the minimum monthly payment, since it takes forever to pay your credit card debt.