Answer:
9%
Explanation:
According to the given situation, the solution of return on investment is shown below:-
Return on investment = (Net operating income ÷ Average operating assets) × 100
now, we will put the values into the above formula
= ($45,360 ÷ $504,000) × 100
= 0.09 × 100
= 9%
Therefore for computing the return on investment we simply applied the above formula.
Answer:
$296,000
Explanation:
Consider cash movement in purchase and sale of capital assets only.
<u>Cash flow from investing activities :</u>
Proceeds from sale of equipment $296000
Net Cash Provided by investing activities $296000
therefore,
The net cash provided by investing activities during 2021 is $296000.
Answer:
$30,000
Explanation:
Opportunity costs refers to the incomes or benefits a person, business or investor loses or forgone when one alternative is chosen over another.
Since Kelvin will lose earnings of $30,000 a year from a full-time job if Kevin decides to attend college, this $30,000 a year is therefore the opportunity cost.
Answer:
Option A is correct which states that".There is no such thing, in IASB standards, as a "contingent asset"
