Answer:
15.00%
Explanation:
The formula to compute the return on equity is shown below:
Return on equity = (EBIT × 1 - tax rate) ÷ (total equity)
= ($140,000 × 0.75) ÷ ($700,000)
= ($105,000) ÷ ($700,000)
= 15%
It shows a relationship between the earning after tax and total equity in respect of assets required for the project so that the accurate return can come
Answer:
a) I used an excel spreadsheet since there is not enough room here.
b) Net income = $8,950
Cash flows form operating activities =
Net income $8,950
Adjustments to net income:
- Increase in account payable <u> $250</u>
Net cash from operating activities $9,850
Net income is lower because a company must record revenues and expenses when they happen, not when they are associated with cash flows. This is why a company that makes all credit sales might have a large profit, but a small amount of cash (the opposite of this situation).
Answer:
$35,660
Explanation:
the depreciable value of the vehicle = $47,550 - $4,500 = $43,050
depreciation expense per mile driven = $43,050 / 105,000 miles = $0.41
depreciation expense 2019 = $0.41 x 10,500 = $4,305
depreciation expense 2020 = $0.41 x 18,500 = $7,585
accumulated depreciation = $11,890
book value = $47,550 - $11,890 = $35,660
Answer:
Common Stock
Explanation:
We know that
The debit sections track assets, expenses side, and dividend while revenues, stockholder equity, and the liability side are reported in the credit section.
So in the given question, the common stock has credit balance whereas the dividend, supplies, and the salary expense has a debit balance
By proper posting of accounts in the correct columns, the total of debit and credit columns would be matched.
Answer:
Bail
Explanation:
Bail is just a measure of cash that is saved with the court to guarantee that you appear for all court procedures. You can post your bail in real money with the court, and you will at that point be discharged from authority.
In the event that the litigant needs more money to post the whole bail, the court will acknowledge a bail security.
The reason for bail is to guarantee that a respondent returns for future court appearances.
