FGT Motorsports Had Net Assets at the End of the Year

question 2

Essay

FGT Motorsports had net assets at the end of the year of $320,000.The only transactions affecting stockholders' equity during the year were net income of $51,000 and dividends of $11,000.
Required:
Calculate FGT Motorsports' average stockholders' equity and return on equity (ROE).

Define and understand the components and roles of information systems in organizations.

Comprehend the stages of e-commerce development and its significance for businesses.

Realize the ways information technology enhances organizational relationships with the environment.

Recognize the advantages of using groupware in organizations.

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Definitions:

Free Will

The ability of individuals to make choices that are not determined by prior causes or by divine intervention.

Deviance

Actions or behaviors that violate societal norms or expectations, potentially leading to negative societal reactions.

Positivist

Relating to a philosophical approach that emphasizes empirical and scientific evidence to understand and explain phenomena.

Constructionist Perspectives

A theoretical viewpoint that emphasizes the socially constructed nature of reality, suggesting that our understanding of the world is shaped through social interactions and cultural norms.