_______ states that when there is only one variable input , then marginal cost of production must equal the price of the input divided by its marginal product

The person needs to deposit $1,191.85 at the end of each year to accumulate a fund for retirement and purchase the desired annuity at age 65.

To solve for X, we need to use the formula for the present value of an annuity, which is:

PV = (PMT * (1 - (1 + r)∧(-n))) / r

where PV is the present value of the annuity, PMT is the annual payment, r is the annual interest rate, and n is the number of periods.

We know that the person will deposit X at the end of each year, and the account will earn 7.1% interest. So, after 39 years (from age 26 to 65), the account balance will be:

A = X * ((1 + 0.071)∧39 - 1) / 0.071

To purchase a 16-year 9.3% annuity-immediate with annual payments of 58,000, the person will need:

PV = 58,000 * ((1 - (1 + 0.093)∧(-16)) / 0.093)

Setting these two equations equal to each other and solving for X, we get:

X = PV * 0.071 / ((1 + 0.071)∧39 - 1)

Substituting the values we have, we get:

X = 1,191.85

To know more about annuity visit:

https://brainly.com/question/29488566

#SPJ11

Still, Simon Bank is completely lent out and has no redundant reserves, If the Reserve ratio is zero.

A bank is lent up when its redundant reserves equal zero. Last but not least, we will disregard deposits other than confirmable deposits, loans, and reserves.

To further simplify the analysis, we will assume that banks don't have a net worth; their coffers are original to their arrears. The proportion of reservable arrears that marketable banks are needed to keep rather of lending or investing is known as the Reserve ratio.

This isn't entirely settled by the country's public bank, which in the US is the Central bank. The cash reserve rate is a different name for it.

overkill saves are characterized as means held at the bank that surpasses the Central Bank's base prerequisite.

To know more about the Reserve ratio,

brainly.com/question/14471472

#SPJ4

The branches of economics are important for understanding how the economy functions and for making informed decisions about economic policy.

Economics is the social science that studies the production, consumption, and distribution of goods and services. It is important because it helps us understand how individuals, businesses, and governments make decisions about how to allocate resources. The principles of economics are relevant to a wide range of fields, including business, finance, public policy, and international trade.

Microeconomics and macroeconomics are two branches of economics that focus on different levels of analysis.

Microeconomics is the study of the behavior of individual consumers, firms, and industries. It examines how individuals and firms make decisions about what goods and services to produce, how to price those goods and services, and how to allocate resources efficiently. Microeconomics is concerned with issues such as supply and demand, market structures, consumer behavior, and production costs.

Macroeconomics is the study of the economy as a whole, rather than individual components. It examines the overall performance of the economy, including measures such as GDP, inflation, and unemployment. Macroeconomics is concerned with issues such as fiscal policy, monetary policy, international trade, and economic growth.

In summary, microeconomics and macroeconomics are both important branches of economics that study different aspects of the economy. Microeconomics focuses on individual behavior and decision-making, while macroeconomics examines the economy as a whole.The economy functions and for making informed decisions about economic policy.

Learn more about economics

brainly.com/question/14787713

#SPJ11

For streaming video companies, operating the web portal is an example of a fixed cost while royalties for each view is an example of a variable cost. So, the correct answer is C. a fixed cost; a variable cost.

Streaming video is a process of delivering video content over the internet in real-time, allowing users to watch videos without having to download them first. The video data is broken into small packets and transmitted over the network, and the user's device reassembles the packets to display the video.

Streaming video can be delivered through various platforms, such as websites, social media, and video-on-demand services, and it has become a popular way to consume video content in today's digital age.

To know more about streaming video refer here:

https://brainly.com/question/2806764#

#SPJ11

The average beta of the new stocks must be 2.63 to achieve the target required rate of return of 13.00%. Option D is correct.

To calculate this, first, we need to determine the required return on the portfolio after investing the additional $10.00 million, which is given by:

Solving for Beta, we get:

Next, we need to find the weighted average beta of the existing portfolio and the new stocks to achieve the target beta of 1.4583. We know that the existing portfolio has a beta of 1.00, and we want to add $10.00 million to the portfolio.

So, we need to find the beta of the new stocks that we will purchase with this $10.00 million to achieve a weighted average beta of 1.4583.

Using the formula for the weighted average beta, we get:

Therefore, the average beta of the new stocks must be 3.29 to achieve the target required rate of return of 13.00%. Option D holds true.

Learn more about average beta: https://brainly.com/question/29910817

#SPJ11

In the given situation, the gross profit of the company for August 2022 is $24500. The correct answer is $24500

To calculate Coronado's gross profit for August 2022, we need to subtract the cost of goods sold (COGS) from the revenue:

Revenue = $61,000

COGS = $36,500

Gross profit = Revenue - COGS

= $61,000 - $36,500

= $24,500

Therefore, Coronado's gross profit for August 2022 is $24,500.

Note that rent revenue and gain on the sale of the delivery truck is not included in the calculation of gross profit because they are not related to the company's main business operations of buying and selling goods.

Learn more about gross profit here:

https://brainly.com/question/942181

#SPJ11

The constant dividend growth model of stock valuation, also known as the Gordon Growth Model, is workable under the following circumstances:

1. Stable dividend growth rate: The company's dividends grow at a constant rate indefinitely.

2. Required rate of return: Investors have a specific required rate of return (r) that is greater than the dividend growth rate (g).

3. Mature company: The company has reached a stable growth phase and has a predictable dividend payment history.

Under these conditions, you can use the formula P0 = D1 / (r - g) to calculate the stock's intrinsic value, where P0 is the stock price, D1 is the expected dividend payment for the next period, r is the required rate of return, and g is the constant dividend growth rate.

To learn more about intrinsic, refer below:

https://brainly.com/question/15184439

#SPJ11

The amount of gain on an installment sale recognized each year is calculated by multiplying the gross profit percentage by the installment payment received.

In an installment sale, a seller allows the buyer to make payments over a period of time, instead of requiring full payment upfront. This method of recognizing income can provide significant tax benefits for the seller, as the income is recognized gradually over the life of the installment agreement.

To calculate the gain on an installment sale, first determine the gross profit percentage. This is done by dividing the gross profit (total selling price minus the seller's basis, or cost, in the property) by the total selling price. The gross profit percentage represents the proportion of each installment payment that should be recognized as income.

Once you have the gross profit percentage, multiply it by the installment payment received each year. This will give you the amount of gain recognized for that year. By using this method, the seller can spread out the recognition of income, potentially reducing their overall tax liability.

In summary, the amount of gain on an installment sale recognized each year is determined by multiplying the gross profit percentage by the installment payment received. This allows the seller to recognize income gradually over the life of the installment agreement, potentially offering tax benefits and easing financial planning.

Learn more about installment sale here: https://brainly.com/question/29759090

#SPJ11

When a company must inform consumers that its previous advertising messages were wrong or misleading, the company uses corrective advertising. Hence the correct answer is option A.

know more about Subliminal advertising here: https://brainly.com/question/28941874

#SPJ11

The statement "Once a taxpayer uses the standard mileage method to determine the deduction for automobile expenses for the tax year, the standard mileage method must be used in all subsequent years" is False (B).

While the standard mileage method is a popular and simplified method for calculating the deduction for automobile expenses, it is not mandatory for all subsequent years once chosen. Taxpayers have the option to switch between the standard mileage method and the actual expense method in future tax years, with some limitations. If a taxpayer chooses to use the actual expense method in subsequent years, they cannot switch back to the standard mileage method for that specific vehicle. Additionally, if a taxpayer has used a depreciation method other than straight-line for the vehicle in previous years, they cannot use the standard mileage method.

Learn More about taxpayer here :-

https://brainly.com/question/29664276

#SPJ11

The number of periods until maturity would be 48 if the bond matures in 24 years, and the YTM would be lower because the bond has a longer term. The bond has a shorter term if it matures in 6 years, the number of periods until maturity would be 12 and the YTM would be higher.

The bond's yield to maturity

YTM = (C + ((F - P) / n)) / ((F + P) / 2)

C = annual coupon payment

F = face value (par value) of the bond

P = market price of the bond

n = number of periods until maturity

For semiannual payments, the semiannual coupon payment is $40

C = $1,000 x 8% = $80

F = $1,000

P = $1,100

n = 12 x 2 = 24

YTM = ($40 + (($1,000 - $1,100) / 24)) / (($1,000 + $1,100) / 2)

YTM = 3.42%

The number of periods of YTM is 48.

Learn more about yield to maturity at:

brainly.com/question/26376004

#SPJ4

The value of X in the present value of both payment options is $1,568.63.

A future sum of money present value (PV) is its current value after being discounted by a specific rate of return over a predetermined amount of time. A loan investment or other financial asset or liability value can be estimated using this financial concept.

Present Value= Payment / i

where i is the interest rate and Present Value=x.

(i) x = 120 / i

(ii) x = 2051.53 / (1 + i)¹¹ + 120 / i

equating both the equations

120 / i = 2051.53 /  (1 + i)¹¹ + 120 / i

2051.53 /  (1 + i)¹¹ = 0

i=  0.0765

solving for the value of x

x = 120 / 0.0765 = $1,568.63

x = $1,568.63

Learn more about present value at:

brainly.com/question/14860893

#SPJ4

Answer:

The initial investment was:

140 shares × $20/share = $2,800

The capital gain distribution received was:

140 shares × $0.65/share = $91

The current value of the investment is:

140 shares × $15/share = $2,100

The total return is the sum of the capital gain distribution and the change in value of the investment, divided by the initial investment, expressed as a percentage:

[($2,100 + $91) / $2,800 - 1] × 100% = - 5.11%

Therefore, the percentage of total return for the investment is -5.11%. Note that the negative sign indicates a loss.

Explanation:

Cyclical unemployment is a short term problem due to a recession and can be solved by the following of increasing growth, providing additional education/training, minimizing recession, therefore option D is correct

Overall, to cope with cyclical unemployment, a aggregate of these measures may be essential, depending on the particular instances.

Learn more about Cyclical unemployment:-

https://brainly.com/question/26525091

#SPJ4

Complete Question:-

Cyclical unemployment is a short term problem due to a recession and can be solved by the following:

A)increasing growth

B) providing additional education/training

C)minimizing recession

D) all answers

The method of determining marketing communications budgets that is not included in the given options is option C) meet the competition.

B) Sales approximation is not a commonly used method of determining marketing communications budgets. The commonly used methods of determining marketing communications budgets are: A) Percentage of sales: This method involves allocating a fixed percentage of the previous year's sales or anticipated sales for the upcoming year to the marketing communications budget.

C) Meet the competition: This method involves setting the marketing communications budget based on what competitors are spending on their marketing efforts. D) What we can afford: This method involves setting the marketing communications budget based on what the company can afford to spend. Sales approximation is not a commonly used method of determining marketing communications budgets.

Learn more about marketing communications here:

https://brainly.com/question/30040366

#SPJ11

Tthe RNA polymerase allele in Drosophila Juodovi, the correct statement is:
a. Two heterozygotes will have offspring with a 2:1 pattern.

This is because, in a recessive lethal inheritance pattern, when two heterozygous parents mate, the offspring will follow a 2:1 pattern.

This is because the homozygous recessive offspring will not survive due to the lethal allele, and only the heterozygous and homozygous dominant offspring will be observed. The other statements are not true in the context of recessive lethal inheritance patterns.

In genetics, a recessive lethal inheritance pattern is a genetic pattern in which an individual must inherit two copies of a specific gene (one from each parent) to develop a lethal condition. This means that individuals with only one copy of the gene (heterozygotes) are unaffected but can pass the gene on to their offspring.

To know more about RNA refer here:

https://brainly.com/question/25979866#

#SPJ11

Assuming other foreign exchange traders face the same situation, they will also buy dollars in Rome and sell them in Los Angeles, As a result: the dollar-per-euro exchange rate will eventually reach equilibrium between the two locations.

The current dollar-per-euro exchange rate in Los Angeles is E = 1.5952, and in Rome, it is E/EUR 80 = 1.6244. Since the exchange rate is higher in Rome, you can make a profit for the bank by buying euros in Los Angeles and selling them in Rome.

1. Buy euros in Los Angeles at the exchange rate of E = 1.5952 dollars per euro.

2. Transfer the euros electronically to the Rome branch at no cost.

3. Sell the euros in Rome at the exchange rate of E/EUR 80 = 1.6244 dollars per euro.

The difference between the two exchange rates represents the profit you can make for the bank. Assuming other foreign exchange traders face the same situation as you, they will also buy dollars in Rome and sell them in Los Angeles. As a result, the dollar-per-euro exchange rate will eventually reach equilibrium between the two locations.

To know more about foreign exchange, refer here:

https://brainly.com/question/30992241#

#SPJ11

Complete question:

Suppose you trade dollars and euros for a bank that has branches in Los Angeles and Rome, You can electronically transfer the funds between the two branch locations at no cost, and trading commissions are negligible. The current dollar-per-euro exchange rate in Los Angeles s E=1.5952 while in Rome it is E/EUR 80=1.6244. You can make a profit for the bank if you buy euros in and sell them in Los Angeles Assuming other foreign exchange traders face the same as you do, they will buy dollars in As a result, the dollar-per-euro e Rome Angeles(ESEUR and seil them in:

All three given organizations are considered supranational, as they involve collaboration between multiple countries and operate beyond the authority of individual national governments. So, the answer is D) All of the above.

A supranational organization is an international organization that transcends national boundaries and has the authority to make decisions that are binding on its member states. The United Nations is a prime example of a supranational organization as it has a global reach and its decisions are binding on all its member states.

Similarly, the Organization for Economic Cooperation and Development (OECD) is a supranational organization that focuses on promoting economic growth and cooperation among its member states. The International Federation of Accountants (IFAC) is another example of a supranational organization that oversees the global accounting profession. Therefore, all three options listed are supranational organizations.

To know more about supranational refer here:

https://brainly.com/question/9030486#

#SPJ11

THE FOLLOWING FACTS APPLY TO THE PENSION PLAN FOR DEAN INC. FOR YEAR 2021

PLAN ASSETS JAN 1 2021 $540,000.00

PROJECTED BENEFIT OBLIGATION JAN 1 2021 $540,000.00

SETTLEMENT RATE 12.50%

SERVICE COST $38,500.00

CONTRIBUTIONS (FUNDING) $50,000.00

ACTUAL EXPECTED RETURN ON ASSETS $55,600.00

BENEFITS PAID TO RETIREES $45,900.00.

Taking into consideration, the above details, to calculate the total plan asset/liability for Dean Inc.'s pension plan for 2021, we can use the following formula:

Total Plan Asset/Liability = Plan Assets - Projected Benefit Obligation

Total Plan Asset/Liability = $540,000 - $540,000 = $0

To compute the pension expense for 2021, we can use the following formula:

Pension Expense = Service Cost + Interest Cost - Actual Return on Plan Assets +/- Amortization of Prior Service Cost +/- Amortization of Net Loss or Gain

Pension Expense = $38,500 + ($540,000 x 12.50%) - $55,600 = $32,450

As part of the solution, we need to prepare a pension worksheet that shows the journal entry for pension expense for 2021 and the year-end balances in the related pension accounts. The journal entry for pension expense for 2021 is:

Debit Pension Expense: $32,450 Credit Cash: $50,000 Credit Pension Liability: $17,550

Please note that this is just an example and actual calculations may vary depending on the specific details of Dean Inc.'s pension plan.*

Learn more about Pension Expense: https://brainly.com/question/15408263.

#SPJ11

a. The variable overhead rate variance for the month is  -$3,138. b. The variable overhead efficiency variance for the month is $1,472 (unfavorable).

a. To calculate the variable overhead rate variance for the month, follow these steps:

1. Compute the standard variable overhead cost: Standard hours per unit of output (4.4 hours) x Standard variable overhead rate ($16.00 per hour) = $70.40 per unit
2. Compute the total standard variable overhead cost: Actual output (1,820 units) x Standard cost per unit ($70.40 per unit) = $128,128
3. Compute the variable overhead rate variance: Actual total variable overhead cost ($124,990) - Total standard variable overhead cost ($128,128) = -$3,138

The variable overhead rate variance for the month is -$3,138 (favorable).

b. To calculate the variable overhead efficiency variance for the month, follow these steps:

1. Compute the standard hours for actual output: Actual output (1,820 units) x Standard hours per unit (4.4 hours) = 8,008 hours
2. Compute the variable overhead efficiency variance: (Actual hours (8,100 hours) - Standard hours for actual output (8,008 hours)) x Standard variable overhead rate ($16.00 per hour) = 92 hours x $16.00 = $1,472

The variable overhead efficiency variance for the month is $1,472 (unfavorable).

Learn more about overhead efficiency here: https://brainly.com/question/28240324

#SPJ11

The Allowance technique can be used to estimate the uncollectible accounts expense prior to the write-off as follows: b. As a percentage of credit seles or as a percentage of accounts receivable.

The allowance method is an accounting approach used to estimate the amount of accounts receivable that a company may not be able to collect. The expected amount is documented in a contra asset account called the allowance for doubtful accounts. The proportion of credit sales or the percentage of accounts receivable is used to assess the uncollectible accounts expense. The percentage of credit sales technique calculates uncollectible accounts as a proportion of credit sales, whereas the percentage of accounts receivable method calculates uncollectible accounts as a percentage of accounts receivable.

The percentage of credit sales method estimates the uncollectible accounts expense as a percentage of credit sales, while the percentage of accounts receivable method estimates the uncollectible accounts expense as a percentage of accounts receivable.

learn more about Allowance here:

https://brainly.com/question/31597216

#SPJ4

Cognition relates to the learner's decision regarding what information to attend to, how to remember, and how to solve problems.

Cognition refers to the mental processes and abilities involved in acquiring, processing, storing, and using information. It involves attention, perception, memory, problem-solving, and decision-making. Cognition is important for learning and development, as it allows individuals to understand, process, and apply new information and skills.Cognitive processes can be influenced by various factors, including motivation, interest, prior knowledge, learning style, and environmental factors. Effective instructional design and teaching strategies take into account the cognitive processes involved in learning and aim to support learners in acquiring and using new knowledge and skills.

Learn more about mental here:https://brainly.com/question/26522940

#SPJ11

The confidence interval for the proportion of registered Voters who are in favor of raising income taxes to pay down the national debt is 0.0035, 0.0835.

To determine the confidence interval for the proportion of registered voters who are in favor of raising income taxes to pay down the national debt, we need to use the margin of error and the sample proportion.

The sample proportion is 432% or 4.32 as a decimal.

Using the formula for the margin of error for a proportion, we have:
margin of error = z * sqrt(p*(1-p)/n)
where z is the z-score for the confidence level (90% in this case), p is the sample proportion, and n is the sample size.

Substituting the values given, we have:
0.04 = 1.645 * sqrt(4.32*(1-4.32)/1011)

Solving for p, we get:
p = 0.0435

Now, we can use the formula for the confidence interval:
confidence interval = sample proportion +/- margin of error

Substituting the values, we have:
confidence interval = 0.0435 +/- 0.04

Simplifying, we get:
confidence interval = (0.0035, 0.0835)

Therefore, we are 90% confident that the proportion of registered voters in favor of raising income taxes to pay down the national debt is between 0.0035 and 0.0835.

Learn more about confidence interval here: https://brainly.com/question/15712887

#SPJ11

During inflation, replacement cost accounting refers to the accounting method that measures the value of assets based on their replacement or reproduction cost rather than their historical cost. In other words, it calculates the cost of replacing an asset at current market prices instead of the cost when it was originally acquired.

Under this accounting method, during inflation, the value of assets will increase as the cost of replacing them increases. This means that option A, which suggests that replacement cost accounting will decrease the value of assets, is incorrect.

Similarly, option B, which suggests that replacement cost accounting will raise the debt to asset ratio, is also incorrect. Since the value of assets will increase, the debt to asset ratio will actually decrease, as the numerator (debt) will remain constant while the denominator (assets) increases.

Option C, which suggests that replacement cost accounting will increase incomes, is also incorrect. This accounting method does not affect incomes directly; rather, it affects the value of assets and, consequently, the balance sheet.

The correct answer is option D: replacement cost accounting will reduce incomes. This is because the increased value of assets will result in higher depreciation expenses, which will reduce the reported net income. Additionally, any gains realized from the sale of assets may be offset by the increased replacement cost of the asset, further reducing income.

In conclusion, during inflation, replacement cost accounting will increase the value of assets but reduce reported incomes. It is important to note that replacement cost accounting is not the only accounting method and should be used in conjunction with other methods to accurately reflect the financial position of a company.

Know more about inflation here:

https://brainly.com/question/30112292

#SPJ11

True. The lack of a good trainer may be the most serious flaw in training efforts.

The effectiveness of any training effort depends largely on the quality of the trainer delivering the training. A good trainer should have the necessary knowledge and expertise in the subject matter, as well as strong communication and interpersonal skills to effectively convey information and engage learners.

If the trainer is not able to effectively communicate and engage learners, the training may be ineffective and may not achieve its intended goals. This can lead to a waste of resources and time, and may even have negative consequences for the organization or individuals being trained.

Therefore, it is essential to have a good trainer who is able to effectively deliver training content and engage learners to achieve the desired learning outcomes.

Learn more about trainer  here:

https://brainly.com/question/3683980

#SPJ11

The characteristics of money include portability, uniformity, divisibility, and acceptability.

Explaining  briefly each one:

1. Portable: Money is considered portable because it can be easily carried and used for transactions. This makes it convenient for people to engage in trade and exchange goods and services.

2. Uniform: Money needs to be uniform in design and appearance, ensuring that people can easily identify and compare its value.

Uniformity ensures that a specific denomination of money holds the same value, regardless of its physical condition or appearance.

3. Divisible: Money should be easily divisible into smaller units to facilitate transactions of various values. This allows people to use exact amounts for payments, making transactions more efficient and fair.

4. Acceptable: For money to function effectively, it must be widely accepted as a medium of exchange. This means that people should have confidence in the value of money and trust that others will accept it in exchange for goods and services.

In summary, the characteristics of money include its portability, uniformity, divisibility, and acceptability.

These features ensure that money serves as a convenient and efficient medium of exchange, allowing people to engage in trade and commerce more easily.

To know more about refer portability here

brainly.com/question/4518296#

#SPJ11

The Enterprise Value-EBITDA multiple for Nina, Incorporated is approximately 3.18.

The enterprise value (EV) and EBITDA multiple are important financial metrics to assess a company's valuation.

Let's calculate the EV and EBITDA for Nina, Incorporated using the provided information.

First, we need to calculate the Enterprise Value (EV):

EV = Market Value of Equity + Debt - Cash

EV = $586,000 (Equity) + $196,000 (Debt) - $25,000 (Cash)

EV = $757,000

Next, we need to calculate Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA):

EBITDA = EBIT + Depreciation and Amortization EBITDA = $97,000 (EBIT) + $141,000 (Depreciation and Amortization) EBITDA = $238,000

Finally, we calculate the EV-EBITDA multiple:

EV-EBITDA Multiple = Enterprise Value / EBITDA

EV-EBITDA Multiple = $757,000 / $238,000

EV-EBITDA Multiple ≈ 3.18

Learn more about enterprise value at

https://brainly.com/question/30767816

#SPJ11

Suppose that we reduce the federal budget deficit from $300 billion to $150 billion in year 1, and from $150 billion to $50 billion in year 2. During these two years, the national debt will still increase, although at a slower rate.

The federal budget deficit occurs when the government's expenditures exceed its revenues. Reducing the deficit means that the gap between expenditures and revenues is shrinking. However, since there is still a deficit, the government must borrow to cover the difference, leading to an increase in the national debt.

In year 1, the national debt increases by $150 billion (the reduced deficit amount), and in year 2, it increases by an additional $50 billion. Although the deficit has been reduced in both years, the national debt continues to rise because the government is still borrowing money to cover its expenses.

It is important to note that reducing the deficit helps slow the growth of the national debt but to actually decrease the national debt, the government would need to run a budget surplus (revenues exceeding expenditures).

To know more federal budget refer here:

https://brainly.com/question/15324488#

#SPJ11

The sole proprietorship's net income for the year was $31,000.

Let's analyze the information provided:

1. Beginning owner's equity balance: $10,000
2. Ending owner's equity balance: $22,000

3. Owner's investment during the year: $5,000
4. Owner's withdrawals for personal use: $24,000

Now, we need to find the net income for the year. The owner's equity balance is affected by the net income, investments, and withdrawals. To calculate net income, we can use the following formula:

Ending Owner's Equity = Beginning Owner's Equity + Owner's Investment - Owner's Withdrawals + Net Income

Let's plug in the values provided:

$22,000 = $10,000 + $5,000 - $24,000 + Net Income

Now, we can solve for the net income:

Net Income = $22,000 - $10,000 - $5,000 + $24,000
Net Income = $31,000

The sole proprietorship's net income for the year was $31,000.

To know more about net income, refer here:

https://brainly.com/question/15530787#

#SPJ11

Complete question:

A sole proprietor's owner's equity balance was $10,000 at the beginning of the year and was $22,000 at the end of the year. During the year the owner invested $5,000 in the business and had withdrawn $24,000 for personal use. The sole proprietorship's net income for the year was $__________.

The answer to this question is option D, not enough information. While we are given the debt-to-equity ratio and the amount of debt, we are not provided with the equity amount or the return on assets. Therefore, we cannot calculate the return on equity.

Return on equity is calculated by dividing the net income by the equity, which is the difference between the assets and the liabilities. In this case, we are only given the debt amount and not the asset amount or the equity amount.

To calculate the debt-to-equity ratio, we divide the total debt by the total equity. In this case, the ratio is 50%, which means that for every dollar of equity, there are 50 cents of debt.

Net income is the profit that a company makes after deducting all expenses from the total revenue. In this case, the net income is $90,000.

In summary, we cannot calculate the return on equity without knowing the equity amount and return on assets. Therefore, the answer is option D, not enough information.

Learn more about debt here:

https://brainly.com/question/31102427

#SPJ11