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1 year ago

The average compound return earned per year over a multi-year period is known as the:

Business

1 answer:

Sav [38]1 year ago

4 0

The average compound return earned per year over a multi-year period is known as the geometric average return.

<h3>What is an Average Return?</h3>

An average return is a mathematical average value of a number of returns generated over a specific period of time. An average return helps in measuring the past performance or portfolio of an individual or government.

When an average compound return is earned per year over a multi-year period, then it is known as the geometric return of that individual or government.

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Presented below is information related to Novak Manufacturing Corporation.

svet-max [94.6K]

Answer:

A. Assets Original Salvage Depreciable Depreciable SL Depreciation

Cost Value value Life Per Year

A $46,575 6,325 40,250 10 $4,025

B $38,640 5,520 33,120 9 $3,680

C $41,400 4,140 37,260 9 $4,140

D $21,850 1,725 20,125 7 $2,875

E $27,025 2,875 24,150 6 $4,025

Total $175,490 20,585 154,905 $18,745

Composite rate of Depreciation = Total Depreciation per year/Total Original Cost

Composite rate of Depreciation = 18745/175490

Composite rate of Depreciation = 0.106815

Composite rate of Depreciation = 10.68%

B. Adjusting entry Debit Credit

Depreciation Expense-Plant Asset $18,745

Accumulated Depreciation-Plant Asset $18,745

c. Journal Entry Debit Credit

Cash $5,520

Accumulated Depreciation-Plant Assets $16,330

Asset D $21,850

(Record Sale of asset D)

5 0

2 years ago

According to functional job analysis, all jobs require workers to interact with?

Sloan [31]

According to functional job analysis, all jobs require workers to interact with data, people, and things. There are different ways to conduct a functional job analysis, but these ways measure workplace roles through established scales. These scales are usually categorized into seven categories: data, people, things, instruction, reasoning, math, and language.

Functional job analysis is the practice of examining job requirements and assigning a suitable candidate for that job or examining a candidate's qualifications and skills and assigning a suitable job to that candidate. It also works in reverse by not matching the wrong candidate with the job or vice versa. An obvious example is not hiring someone with no hands to do any job that requires lifting things. With only two types of jobs in a small business, this is not a difficult proposition. In a large company with thousands of people doing hundreds of different jobs, it can become a Gordian knot. It is up to the functional job analyst to become Alexander with the sword.

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3 0

1 year ago

A written promise to pay certain sum of money to another person or company is a

const2013 [10]

Promissory Notes Receivable

5 0

2 years ago

Read 2 more answers

During 2019 the Barker Company had a net income of $75,000. Below is information taken from Barker’s last two balance sheets: 20

Kitty [74]

Answer:

cash provided by operating activities 84,000

Explanation:

net income 75,000

Adjustment (A)

gain on land (500)

depreciation 1,500

Adjusted net income 76,000

Change in working capital

↑account receivable (3,000) (B)

↓long term AR 10,000 (C)

↑Account payable 1,000 (D)

Net changes 8,000

cash provided by operating activities 84,000

Notes:

(A)

The net income may have non-monetary term, we need to remove those to get and adjusted net income on a cash basis

the gain on land is not a monetary term. We will record the proceeds in cash for the sale under investment activities, not operating as the business is not selling land every year.

depreciation is an accounting metric, is not an actual expense, it doesn't involve cash.

(B)

the increasein the Ar means more sales were not collected therefore, less cash collected.

(C)

the decrease in the long term AR represent the collection, so it increases the cash

(D)

the increase in account payable represent the delay of payment, so company has more cash available.

7 0

2 years ago

At the beginning of fiscal 2017, Wooster Company acquired a small savings and loan association for $102 million. The book value

bija089 [108]

Answer:

C. $17.25 million

Explanation:

In case of an acquisition, the assets are valued at their fair value and we will also include all unrecorded liabilities. Goodwill will be the excess payment over the net assets of the company. Excess fair value of land means that assets would increase by that amount to arrive at their fair value. Also, We have to include unrecorded liabilities in the total liabilities

Net Assets = Fair value of assets - Total liabilities

Or, Net Assets = (Book value of assets + Excess Fair value of land) - (Book value of liabilities + unrecorded liabilities)

Or, Net Assets = ($261 million + $3 million) - ($172.50 million + $6.75 million) = $84.75 million

Amount paid to acquire = $102 million

Goodwill = $102 million - $84.75 million = $17.25 million

4 0

3 years ago