Answer:
24.91%
Explanation:
The formula for return on investment is given as;
Net operating income / Average operating assets
= $1,071,160 / $4,300,000
= 24.91%
Therefore, return on investment is 24.91%.
Answer:
Other expenses $ 38,200
Explanation:
The other expenses cost is a fixed cost. So it will not change based on the level wells serviced. It will not increase or decrease.
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If your unemployment rate is high, that means you're making less money in all. If many people are without jobs, that means your labor force is also weak. Your employers will make a lot of cutbacks.
Answer:
Ending retained earning will be $433750
Explanation:
We have given beginning balance = $430000
Net income = $60000
Dividend paid = $56250
We have to find the ending balance
We know that ending retained earning is given by
Ending retained earning = beginning retained earning + net income - dividend paid
So Ending retained earning = $430000+$60000-$56250 = $433750
