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Mashcka [7]
3 years ago
15

Shelton inc. has sales of $23.8 million; total equity of $31.3 million; and total debt of $16.7 million. if shelton's profit mar

gin is 8 percent, calculate the company's return on assets (roa).
Business
1 answer:
tiny-mole [99]3 years ago
6 0

Sales = $23.8 million

Total equity = $31.3 million

Total debt = $16.7 million

Profit margin = 8% = 0.08

Return of assets = ?

First we calculate the total assets:

Total assets = Total debt + Total equity

= $16.7 million + $31.3 million = $48 million

Now find net income by using this formula:

Profit margin = Net income / Sales

<span> Net income = Profit Margin × Sales  = 0.08 x 23,800,000 = $1,904,000 Now calculate Return of assets: Return on assets = Net income / Total assets  =$1,904,000 / 48,000,000 </span>

Return on assets = 3.967%

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I have a 88.1% right now, if I get 15 out of 15 on this assignment what will my grade be
artcher [175]

So you start with a 88.1%.

Here is how I figure it...

If you get a 15 out of 15 on an assignment, that would be a 100% for your assignment grade.

You take 100% and add it to your 88.1% and you get 188.1%. That doesn't seem reasonable for a grade though does it...

So you take that 188.1% and you divide it by 2 (divide it in half) and you get 94.05%.

So if you get 15 out of 15 on your assignment your grade will go up to a 94.05% as I figure.


Word problem:

15 out of 15= 100%+88.1%= 188.1%÷2= 94.05%


Your final grade as I figure would be a <em><u>94.05%</u></em>




5 0
2 years ago
Jiminy’s Cricket Farm issued a bond with 30 years to maturity and a semiannual coupon rate of 4 percent 2 years ago. The bond cu
slega [8]

Answer:

Explanation:

The pretax cost of debt  is the YTM of the bond and the aftertax cost of debt is tax-adjusted. You can use a financial calculator and key in the following inputs.

note: adjust the recurring payment and time to semiannual basis.

Maturity of the bond as of today; N = 28*2 = 56

Price of the bond; PV = -( 1.07 * 1000) = -1,070

Face value of the bond ; FV = 1,000

Semi-annual payment; PMT = (4%/2)*1,000 = 20

Compute semiannual interest rate ; CPT I/Y = 1.801%

Next, convert the semiannual rate to annual rate(YTM) = 1.801% * 2 = 3.60%

Therefore, pretax cost of debt is 3.60%

Interest paid on borrowed money (debt) has tax benefits through interest tax shield. Based on this, the after tax cost of debt can be calculated. You can solve it by adjusting the pretax cost of debt to incorporate this tax benefit. The formula is as follows;

Aftertax cost of debt = Pretax cost of debt (1-tax)

Aftertax cost of debt = 0.0360(1-0.21) = 0.02844 or 2.84%

8 0
2 years ago
Read the following sentence, and determine which technique is most applicable to improve its readability.
Sunny_sXe [5.5K]

Answer:

The correct option is A. Using numbered or bulleted lists.

Explanation:

EXPLANATION

A. Using numbered or bulleted lists

<em>Use numbered lists when you're explaining instructions that need to be performed in sequence. In situations where numbers are not essential use bullets, especially in business related documents</em>

<em>Bulleted lists are used to make items stand out from the text without implying order of importance. They may include punctuation marks like commas and semicolons</em>

This is the correct answer, use of numbered list. We were told in the question to follow a particular order to fill out an expense report. You begin by writing your name and end by obtaining the supervisor’s signature

B. Using graphic techniques

<em>Graphics are visual elements that can be used to point readers and viewers to a particular information. Graphic techniques are visually engaging in order to attract and inform a large audience. Diagrams and graphs can help learners comprehend abstract concepts using visual language to depict meaning. For instance, in diagrams the connecting lines between elements help learners understand relationships. Bar graphs make it easy to compare data; line graphs help learners understand trends</em>

This option is wrong. The expense report is not a new concept

C. Developing parallelism for balance

Parallelism in literature is the repetition of a word or phrase within a sentence or group of sentences. It is used to help organize ideas, but also to make the ideas memorable.  

This option is also wrong

6 0
2 years ago
Arthur, age 19, is a full-time student at Gordon College and is a candidate for a bachelor's degree. During 2020, he received th
den301095 [7]

Answer:

$500

Explanation:

Calculation to determine the adjusted gross income for 2020

Ordinary cash dividend $200

Add Cash prize awarded from a contest $300

Adjusted gross income $500

($200+$300)

Therefore the adjusted gross income for 2020 will be $500

4 0
3 years ago
On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four useful
Ymorist [56]

Answer:

$10,000

Explanation:

Depreciation is charged to every asset based on the life and usage of such asset.

Straight line depreciation method charges equivalent depreciation each year of the useful life of the asset.

Here, as provided straight line depreciation = \frac{Cost\ of\ asset\ - Salvage\ value}{Life\ of\ asset}

Here, cost of asset = $48,000

Salvage value = $8,000

Thus, numerator in fraction = $48,000 - $8,000 = $40,000

Useful life of the asset = 4 years

Therefore, depreciation expense for each year = \frac{40,000}{4\ years} = 10,000

It will be same for each year, therefore, depreciation expense for year 2 = $10,000

3 0
3 years ago
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