1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ivahew [28]
3 years ago
10

Based on the following information for Montana​ Investments, Inc., compute the rate of return on total assets.​ (Round the perce

ntage to two decimal​ places.) Total​ Assets, December​ 31, 2019 $ 195 comma 000 Total​ Assets, December​ 31, 2018 $ 151 comma 000 For Year Ended December​ 31, 2019: Interest Expense $ 7 comma 000 Net Income $ 28 comma 000
Business
1 answer:
11Alexandr11 [23.1K]3 years ago
3 0

Answer:

Return on Total asset is 16.18%.

Explanation:

Total​ Assets, December​ 31, 2019 $195,000

Total​ Assets, December​ 31, 2018 $151,000 For Year Ended December​ 31, 2019

Interest Expense $7,000

Net Income $28,000

Return on Total Asset = Net Income / Average total Assets

Return on Total Asset = $28,000 / $173,000

Return on Total Asset = 0.1618 = 16.18%

Average total Assets = ( Beginning Assets balance + Ending total Assets balance ) / 2

Average total Assets = ( 151,000 + 195,000 ) / 2 = $173,000

You might be interested in
You have just purchased a car and, to fund the purchase, you borrowed $27,500. If your monthly payments are $515.27 for the next
Naily [24]

Answer: APR of the loan is 2.48%

Explanation:

5 0
3 years ago
Read 2 more answers
Do all choices have costs?
expeople1 [14]
For every choice you make, you are sacrificing something else. For example, when you choose to buy a new phone, you are sacrificing buying a new laptop. The opportunity cost of buying the phone, is the cost of the laptop. Therefore, evey choice has a cost, because in every choice, there is a sacrifice
5 0
3 years ago
Someone may choose to own a car instead of leasing because
jonny [76]
<span>Someone may choose to own a car instead of leasing because they may end up needing to drive it farther and longer than the set milage or wanting to own the vehicle outright instead of making lease or rental payments. If you damage the vehicle, it also becomes more expensive because you do not own it entirely. Reporting damage or mile overage to the leasing company results in fees and penalities. </span>
6 0
3 years ago
Read 2 more answers
Kimberly-Clark developed its Avert Virucidal tissues that contained vitamin C derivatives, which were scientifically designed to
kicyunya [14]

Answer:

<em>Explained below !</em>

Explanation:

<em>The major cause for the failure of the product was</em> its absence of a product protocol that directly explains the way through which it will satisfy the customers needs and wants.

The company should have re-checked the product before it was globalized all over, the mistake that was made by the company stood up as a reason of the products failure.

7 0
3 years ago
Which career would benefit from an apprenticeship?
Mars2501 [29]
Arts Direction
that is the answer
hope it works
5 0
3 years ago
Read 2 more answers
Other questions:
  • Curtis invests $250,000 in a city of Athens bond that pays 7 percent interest. Alternatively, Curtis could have invested the $25
    11·2 answers
  • Bella's employer asks her to generate a description of her job that entails what a job applicant needs to know to perform the jo
    8·2 answers
  • There is a need to develop theories about what kind of fraud has occurred.
    7·1 answer
  • One way to demostarte assertiveness while interacting with a customer is to
    15·1 answer
  • Suppose that the Federal Reserve decides to increase the money supply with a $300 purchases of Treasury bills. Complete the tabl
    9·1 answer
  • Economic questions always deal with:
    7·1 answer
  • In terms of soil behavior in earthquakes, building codes classify a construction site
    9·1 answer
  • Magic Realm, Inc., has developed a new fantasy board game. The company sold 8,400 games last year at a selling price of $70 per
    13·1 answer
  • Seven sources of waste use resources that do not add value to the product or service. Which activity represents waste: Select on
    8·1 answer
  • virtually all jobs and professions, regardless of the proficiency or experience needed to perform them, require good skills.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!