Which financial institution usually offers the higher interest rate on savings accounts?

Flitter reported net income of $25,500 for the past year. at the beginning of the year the company had $216,000 in assets and $6

Brut [27]

Answer:

There are two ways in which Return on Assets can be calculated depending on whether we consider Total assets at year-end or average total assets.

$Return on Assets = \frac{Net Income}{Total Assets at year end}$ 1

or

$Return on Assets = \frac{Net Income}{Average Assets}$ 2

Substituting the values in equation 1 we get,

$Return on Assets = \frac{25500}{316000}$

$Return on Assets = 0.080696203 or 8.07%$

Substituting values in equation 2 we get,

$Return on Assets = \frac{Net Income}{Average Assets}$

$Return on Assets = \frac{Net Income}{\frac{Assets at beginning + Assets at year end}{2}}$

$Return on Assets = \frac{25500}{\frac{216000 + 316000}{2}}$

$Return on Assets = \frac{25500}{266000}$

$Return on Assets = 0.095864662 or 9.58%$

5 0

3 years ago

PLEASE HELP!

Leto [7]

Hey there,

Your question states: Which of the following best explains why zoos are not affected by the threat of new entrants?

Based on the option's above, I feel like the answer would be (Starting a zoo has a high entry cost.) Because by doing this, this could make to (zoo) in better quality. So when things go down like (a cage) for example, they could easily pay it back with all the extra money they have.

Hope this helps.
~Jurgen

6 0

3 years ago

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Thornton Industries began construction of a warehouse on July 1, 2016. The project was completed on March 31, 2017. No new loans

igomit [66]

Answer:

THORNTON INDUSTRIES

AMOUNT OF INTEREST TO BE CAPITALIZED FOR THE YEAR ENDED DECEMBER 31, 2016 AND 2017

2016

July 1 - Dec 31 $400,000 *4.8%*6/12 = $9,600

Sep 30 - Dec 31 $600,000*4.8%*3/12 = $7,200

Nov 30 - Dec 31 $600,000*4.8%*1/12 = $2,400

Total Interest for 2016  $19,200

2017

Jan 1 - Dec 31 $1,600,000*4.8% = $76,800

Jan 30 - Dec 31 $540,000*4.8%*11/12 = 23,760

Total interest for the year 2017 $100,560

weightred average cost of capital =

$2,000,000*8% + $8,000,000*4%

$2,000,000 + $8,000,000

= 160,000 + 320,000

10,000,0000

=$480,000 / 10,000,000 = 0.048 = 4.8%

Explanation:

Interest to be capitalized on construction expenditure will be interest on the amount borrowed to finance such construction. the interest will be from commencement of the construction to the cessation period

6 0

3 years ago

High school is referred to as _____ education.

Vanyuwa [196]

Answer:

secondary

Explanation:

as 10 class is rrferred to as secondary education

plz folliw me

3 0

3 years ago

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If mr. silva decides to donate the balance of the investment account (at the end of year five) to youth soccer league associatio

Radda [10]

So i have an undisclosed amount of candy with me and i decide one day to give it to you, only catch is that i will give it to you in instalments or piece by piece starting from tomorrow all thru until infinity (or when either of us dies). now i don't have an infinite supply of candy but I'm going to give this to you in parts for an infinite amount of time. from this we know that anything finite divided by infinity is zero. so unfortunately you'll be getting negligible amounts of candy just like ysla will get negligible sums of money from mr. sneaky silva.

if mr. silva keeps the balance in his account and it accrues interest over time, EVEN then it doesn't beat annuity for an infinite amount of time. so max is 0.

4 0

3 years ago