Answer:
Apollo's return on equity is 38.17%
Explanation:
The formula to compute the return on equity is shown below:
Return on equity = Net income ÷ total equity
where,
Net income = $50,000
And, the total equity is
= Common stock + retained earnings
= $10,000 + $121,000
= $131,000
Now put these values to the above formula
So, the value would equal to
= $50,000 ÷ $131,000
= 38.17%
D. Has no history of late bill payments
A leader has more responsibility than a "peasent" or commener.
Answer:
A.M.T.I = $202,200
Explanation:
Given:
Taxable income during the year = $195,000
Charitable contributions = $7,100
Real estate taxes = $1,700
State income taxes = $5,500
Mortgage interest =$1,700
Computation of A.M.T.I :
A.M.T.I = Taxable income during the year + Real estate taxes + State income taxes
A.M.T.I = $195,000 + $1,700 + $5,500
A.M.T.I = $202,200
Note: Mortgage interest, Charitable contributions are not include in A.M.T.I
Answer:
Results are below.
Explanation:
<u>To calculate the direct material rate and quantity variance, we need to use the following formulas:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (0.55 - 0.54)*4,000
Direct material price variance= $40 favorable
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (0.75*4,800 - 3,588)*0.55
Direct material quantity variance= $6.6 favorable
<u>Finally, the total variance:</u>
Total direct material variance= 40 + 6.6= $46.6 favorable
