Clairmont Industries Reported Net Income of $283,000 and Average Total

question 152

Multiple Choice

Clairmont Industries reported Net income of $283,000 and average Total assets of $637,000.The Return on total assets is:

• A)55.6%.
• B)88.8%.
• C)61.5%.
• D)44.4%.
• E)125.1%.

Comprehend the definitions and components of a country's trade balance, including exports, imports, trade surplus, and trade deficit.

Grasp the fundamentals of net exports and their implications on a country's economy.

Distinguish between nominal and real exchange rates and their computations.

Explain the factors leading to currency appreciation and depreciation.

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Definitions:

New Business Location

The process or event of opening or moving a business to a new geographical area or premises.

Other Income/Expense

Non-operational revenue or costs that are not related to the primary activities of a business, such as gains or losses from investments.

Loss

A situation where business expenses exceed revenues, resulting in a negative net income.

Disposal of Asset

The process of selling, scrapping, or otherwise disposing of a company's asset.