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PolarNik [594]
1 year ago
10

Cage company had net income of $365 million and average total assets of $2,040 million. its return on assets (roa) is?

Business
1 answer:
elixir [45]1 year ago
3 0

Cage company had a net income of $365 million and average total assets of $2,040 million. its return on assets (ROA) is 17.6%.

Net salary is the total net salary after deducting all taxes and other employee benefits. This is the amount deposited in your bank account that you can use for your budget and living expenses. Simply put, Gross Salary - Deductions = Net Salary.

Net income is the income of an individual or business after deducting expenses, allowances, and taxes. In commerce, net profit is what is left in the business after all expenses such as salaries and wages, cost of goods and raw materials, and taxes.

Learn more about net income at

brainly.com/question/15530787

#SPJ4

You might be interested in
A recently issued FASB standard requires that companies recognize revenue when goods or services are_____to customers for the am
tensa zangetsu [6.8K]

Answer:

Transferred.

Explanation:

FASB is an acronym for Financial Accounting Standards Board. The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors. It was founded in 1972 but began operations fully on the 1st of July, 1973 by replacing the Accounting Principles Board (APB) and American Institute of Certified Public Accountants (AICPA).

A recently issued FASB standard known as the core revenue recognition principle, requires that companies recognize revenue when goods or services are transferred to customers for the amount the company expects to be entitled to receive in exchange for those goods or services.

6 0
3 years ago
Calculate the amount of depreciation to report during the year ended December 31, 2013, for equipment that was purchased at a co
alukav5142 [94]

Answer:

1) Straightline   $ 2000

2) Double-Declining-Balance  $ 4000

3) Units of Production  $ 2000

Explanation:

Cost of equipment $43,000

Residual value of equipment  $3,000

Useful life of equipment 5 years

Formula:

1) Straight Line Method Depreciation = Cost - Salvage Value/ Useful Life

Straight Line Method Depreciation = $43,000 -$3,000/5=$ 8000

The amount of depreciation using Straight Line Method Depreciation for the year ended December 31, 2013, is

($ 8000/12)*3= $ 2000

The straight Line depreciation expense for 3 months is $ 2000

2) Straight Line Rate= 100%

Useful Life= 100%/5 = 20%

Double Declining Method = 2 * Straight Line Rate

Double Declining Method = 2 * Straight Line Rate= 2*20%= 40%

Year     Book Value      Dep          Dep               Accu.       Book

                                      Rate         Expense      Dep.          Value

1           40,000             40              16000          16000         24000

Depreciation Expense for the whole year would be $ 16000.

Depreciation expense using double declining method for 3 months would be = ($ 16000/12 )*3= $ 4000

3) Depreciation per unit= (Cost -Salvage value) / Total units of production

Depreciation per unit=  $43,000 -$3,000/20,000=40,000/20,000=2

Depreciation Expense = Depreciation per unit * No of Units Produced

Depreciation Expense =  2*1000= $ 2000

Depreciation Expense using  Units of Production method would be $ 2000 for 3 months. i.e on 31st Oct 2013

3 0
3 years ago
A goal taking which of these lengths of time to achieve is most likely to be a long-term goal? A. 10 minutes B. 10 hours C. 10 y
Dmitry_Shevchenko [17]

Answer: C. 10 years

Explanation: A long-term goal will take many years. An example is saving up enough money to buy a house. This will take many years to achieve the goal.

6 0
3 years ago
Flounder Corp. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cos
iragen [17]

Answer:

Flounder Corp.

                                   Weighted Average      FIFO             LIFO

Ending Inventory              $1,414                   $1,580           $1,280

Cost of goods sold          $2,796                 $2,630          $2,930

Explanation:

a) Data and Calculations:

Date        Explanation      Units     Unit Cost     Total Cost

June 1     Inventory            100          $5               $ 500

June 12   Purchases         385            6                 2,310    

June 23  Purchases        200             7                 1,400

               Total units        685                            $ 4,210

June 30  Inventory          230

June 30  Units Sold        455  (685 - 230)

Weighted Average Cost = Total costs/Total units bought

= $4,210/685 = $6.146

Weighted Average:

Ending Inventory = $1,414 ($6.146 * 230)

Cost of goods sold = $2,796 ($6.146 * 455)

FIFO:

Ending Inventory  = (30 * $6) + (200 * $7) = $1,580

Cost of goods sold = (100 * $5) + (355 * $6) = $2,630

LIFO:

Ending Inventory = (100 * $5) + (130 * $6) = $1,280

Cost of goods sold = (200 * $7) + (255 * $6) = $2,930

The weighted average method is based on an average cost for estimating the cost of ending inventory and cost of goods sold.  The FIFO method assumes that goods bought initially are the first to be sold while the LIFO method assumes that goods bought last are the first to be sold.

6 0
3 years ago
The Dante Manufacturing Company is considering a new investment. Financial projections for the investment are tabulated below. T
evablogger [386]

Answer:

a) incremental net income

net income year 1 = ($16,500 - $3,500 - $8,000) x 0.65 = $3,250

net income year 2 = ($17,000 - $3,600 - $8,000) x 0.65 = $3,510

net income year 3 = ($17,500 - $3,700 - $8,000) x 0.65 = $3,770

net income year 4 = ($14,500 - $2,900 - $8,000) x 0.65 =$1,340

b) incremental net cash flow

cash flow year 1 = [($16,500 - $3,500 - $8,000) x 0.65] + $8,000 - $430 = $10,820

cash flow year 2 = [($17,000 - $3,600 - $8,000) x 0.65] + $8,000 - $480 = $11,030

cash flow year 3 = [($17,500 - $3,700 - $8,000) x 0.65] + $8,000 - $380 = $11,390

cash flow year 4 = [($14,500 - $2,900 - $8,000) x 0.65] + $8,000 + $1,670 = $12,010

c) project's NPV

NPV = -$32,380 + $10,820/1.13 + $11,030/1.13² + $11,390/1.13³ + $12,010/1.13⁴ = $1,093.13

4 0
3 years ago
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