Determine the Dollar Amount of Net Profit for a Venture

question 64

Multiple Choice

Determine the dollar amount of net profit for a venture with the following financial information: revenues = $500,000; return on assets = 20%; and asset turnover = 2.00 times.

• A) $10,000
• B) $25,000
• C) $50,000
• D) $60,000
• E) $75,000

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Definitions:

Type A Blood

One of the major blood groups in the ABO blood system, characterized by the presence of A antigens on the surface of red blood cells and anti-B antibodies in the plasma.

Saami (Laplanders)

An indigenous Finno-Ugric people living in Sápmi, which encompasses parts of northern Norway, Sweden, Finland, and Russia, known for their traditional reindeer herding.

Vitamin D

A fat-soluble vitamin crucial for the absorption of calcium, promoting bone health, and playing a significant role in immune function.

Calcium Balance

The state of equilibrium between the intake, absorption, and excretion of calcium in the body, crucial for maintaining bone health and metabolic functions.