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padilas [110]
3 years ago
11

Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $17,810,000 Net

operating income $765,830 Average operating assets $5,100,000 The division's return on investment (ROI) is closest to: (Round your answer to 2 decimal places.)
Business
1 answer:
JulsSmile [24]3 years ago
6 0

Answer:

The division's return on investment (ROI) is closest to 15.02%

Explanation:

Return on investment (ROI) is calculated by using following formula:

ROI = Net income/Total investment

In Aide Industries is a division of a major corporation, total investment  equal Average operating assets.

The division has Net operating income of $765,830 and  Average operating assets of $5,100,000

ROI = $765,830/$5,100,000 = 15.02%

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Indigo Company issues 11,300 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2020. The stock has a fair value o
Fantom [35]

Answer:

a. Prepare the journal entries to record the restricted stock on January 1, 2014 (the date of grant), and December 31, 2015

January 1, 2014, restricted shares are issued (market price $50 per stock)

Dr Unearned compensation 565,000

    Cr Common stock 113,000

    Cr Additional paid in capital (stock options) 452,000

December 31, 2015, two years of vesting period have passed

Dr Stock based compensation expense 113,000

    Cr Unearned compensation 113,000

b. On July 25, 2018, Tokar leaves the company. Prepare the journal entry to account for this forfeiture.

July 25, stock options are forfeited

Dr Unearned compensation 452,000

    Cr Stock based compensation expense 452,000

Explanation:

total stock compensation 11,300

vesting period 5 years = 11,300 / 5 = 2,260 stocks

stock based compensation is recorded using the market price on the date of the grant (January 1, 2014) which = $565,000 / 11,300 = $50 per stock

nothing really happens to the company when the stock options are granted, because unearned compensation is a contra equity account that reduces any increase in equity resulting from the stock options.

January 1, 2014, restricted shares are issued (market price $50 per stock)

Dr Unearned compensation 565,000

    Cr Common stock 113,000

    Cr Additional paid in capital (stock options) 452,000

The company starts recording expenses as the vesting period is accrued.

December 31, 2014, one year of vesting period has passed

Dr Stock based compensation expense 113,000

    Cr Unearned compensation 113,000

December 31, 2015, two years of vesting period have passed

Dr Stock based compensation expense 113,000

    Cr Unearned compensation 113,000

December 31, 2016, three years of vesting period have passed

Dr Stock based compensation expense 113,000

    Cr Unearned compensation 113,000

December 31, 2017, four years of vesting period have passed

Dr Stock based compensation expense 113,000

    Cr Unearned compensation 113,000

4 0
3 years ago
true or false a task performed every other month has a higher initiating event frequency than a task performed every week
Elza [17]

It is untrue that a task cannot have a higher initiating event frequency than a job performed every week.

occurrence rate the likelihood that threat agents will behave in a way that could cause loss on average throughout the course of a event frequency particular period of time Sometimes people learning FAIR mix up TEF and LEF, and this is actually one of the most frequently missed questions on the certification exam.

Determining the event frequency of loss events under this scenario will be important since it will highlight factors to take into account and strategies to apply frequently when dealing with cybercrime scenarios.

To start, it's important to understand the one crucial condition that establishes whether cybercriminals are a significant danger event frequency community in relation to this audit finding: the system penetrated by a cybercriminal must be one that is utilized by a worker who has unwarranted access privileges.

Learn more about event frequency here

brainly.com/question/3587593

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6 0
1 year ago
Which employees should be aware of how to turn off power to a shop in an emergency?
Vinil7 [7]

Answer:

Last one.

Explanation:

All the workers should know how to turn off the power in an emergency. Just in case there isn't one, there is the other.

5 0
2 years ago
Challenge Tennis​ & Recreation's operating activities for the year are listed below. Purchases ​$174 comma 800 Operating exp
makkiz [27]

Answer:

The answer is $169,400

Explanation:

Gross profit is a line item under income statement and it is the difference between net sales(revenue) and cost of sales. It is a measure of profitability ( net sales - cost of sales?

Cost of sales = beginning Inventory + purchases - ending Inventory

$27,600 + $174,800 - $37,800

$164,600.

Now, cost of sales is: ( net sales - cost of sales)

$334,000 - $163,800

=$169,400

6 0
3 years ago
Blue Spruce University sells 4,500 season basketball tickets at $140 each for its 12-game home schedule. Give the entry to recor
STatiana [176]

Answer:

a. Total revenue received:

= 4,500 * 140

= $630,000

Date                 Account Title                                           Debit              Credit

XX-XX-XXXX  Cash                                                     $630,000

                        Unearned revenue                                                     $630,000

Revenue is unearned because the games have not been played yet therefore Blue Spruce University has not provided the service for which it was paid and has not earned the revenue.

b. The revenue per game is:

= 630,000 / 12 games

= $52,500

Date                 Account Title                                           Debit              Credit

XX-XX-XXXX   Unearned Revenue                             $52,500

                        Revenue - Ticket Sales                                               $52,500

8 0
3 years ago
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