Answer:
The rate of return on total assets for 2017 is 62.03%
Explanation:
The return on total shows assets shows a relationship between the net income including interest expenses and the average total assets.
The computation of the rate of return on the total assets is shown below:
Rate of return on the total assets = {(Net income + Interest expense) ÷ average total assets)} × 100
= ($185,000 + $20,000) ÷ {($404,000 + $257000) ÷ 2} × 100
= ($205,000 ÷ $330,500) × 100
= 62.03%
Answer:
A significant difference between a trial and an administrative hearing is thtat a hearsay con be introduced as evidence, in an administrative hearing.
D Bc it is d is why it is d is correct
Answer:
Number of shares to be issued = 60,000 units
Explanation:
<em>A private placement involves the issue of new shares to a few number of individual and institutional investors. Unlike initial public offering, here the shares are not offered to the general public.</em>
The number of units to be issued is determined as follows
Units to be issued = Total capital to be raised / issue price per share
Number of units to be raised = $1215,000/$20.25 per share= 60,000 units
Number of shares to be issued = 60,000 units
Answer:
$109,000
Explanation:
The accounting equation for the cost of goods sold
COGS = opening finished good + purchases - Closing finished goods
In a manufacturing firm, purchases are also referred to as manufacturing costs.
For Leslie manufacturing:
beginning finished inventory =$40,000
costs of goods manufactured = $ 144,000
Ending finished inventory = $ 45,000
cost of manufacturing for the period:
=$40,000 +$114,000- $45,000
=$109,000
