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arlik [135]
3 years ago
8

The fiscal 2016 financial statements of Nike Inc. shows net operating profit margin (NOPM) of 11.4%, net operating asset turnove

r (NOAT) of 3.83, return on equity of 30.1%, and adjusted return on assets of 17.1%. What is the company's nonoperating return?
Business
1 answer:
Solnce55 [7]3 years ago
5 0

Answer:

-13.562%

Explanation:

Data provided in the question:

Net operating profit margin (NOPM) = 11.4%

Net operating asset turnover (NOAT) = 3.83

Return on equity = 30.1%

Adjusted return on assets = 17.1%

Now,

Return on equity = Nonoperating Return + Return in net operating assets

or

Nonoperating Return = Return on equity - Return in net operating assets

Also,

Return in net operating assets = NOAT × NOPM

or

= 3.83 × 11.4%

= 43.66%

therefore,

Nonoperating Return = 30.1% - 43.66%

= 30.1% - 43.662%

= -13.562%

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Upon receiving a complaint, HUD initiates an investigation and makes a determination to bring charges or dismiss the complaint w
liubo4ka [24]

Answer:

c. 100 days of the filing of the complaint.

Explanation:

After receiving a complaint, HUD starts the investigation within 30 days of receiving the complaint and the maximum time period to investigate the complaint is 100 days i.e. HUD would dismiss the complaint within 100 days when the complaint is filed

Therefore in the given case, the option c is correct as it is mentioned the 100 days and the same is to be considered

6 0
3 years ago
You have just taken out an installment loan for $100,000. Assume that the loan will be repaid in 12 equal monthly installments o
Rama09 [41]

Answer:

$7,757.16

Explanation:

rate of interest = 2%

Rate(12, 9456-100000)

Rate(nper,pmt,pv)

APR = 24.00%

           (Rate*12)

Principal for third monthly payment = PPMT(2%,3,12,-100000)

               = $7,757.16

7 0
3 years ago
What careers are in the Information Support and Services career pathway of the IT career cluster? (15 points for you)
yKpoI14uk [10]
I think it’s “help desk specialists, PC support specialists”
6 0
3 years ago
The present value factor for an ordinary annuity at 10% for 6 periods is 4.3553. The lease does not transfer the property to Whi
gogolik [260]

Complete question:

On January 1. Year 1. White Co. sold a property with a remaining useful life of 20 years to Blue Co. for $900.000. At the same time. White entered into a contract with Blue for the right to use the property (leaseback) for a period of 6 years. with annual rental payments of 580.000 that approximate the market rental payments for similar properties. On January 1. Year 1. the carrying amount of the property was 5680.000. and its fair value was 5770.000. A discount rate for the lease of 10% is used by both White and Blue. The present value factor for an ordinary annuity at 10% for 6 periods is 4.3553. The lease does not transfer the property to White at the end of the lease term and does not include a purchase option.  

What amount of lease expense for the right of use of the property is recognised by White in Year 1 ?

A. $0

B. $130,000

C. $90,000

D. $220,000

Answer:

$90,000 amount of lease expense for the right of use of the property is recognised by White in Year 1

Explanation:

If the leaseback is known as an operating lease, the original transition to the buyer-lessor of the asset should be taken into account as the selling of an asset, given that all the income identification requirements have been fulfilled.

If the deal is of equal value, the lender lease is informed of the gain or loss of sale between the purchase price and the sum of the land that is held. Yet this is not a equal value trade. The property's sale price is higher than its market value. Accordingly, the income or loss on sale seems to be the difference between the equal worth and the value of the land.

Therefore, on 1 January, White records a benefit of $90,000 in revenue of $770,000 (fair value of $680,000 in carrying amounts)

4 0
3 years ago
On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $52 million at par and classified the securit
sineoko [7]

Answer:

Transaction gain = $16 million

Explanation:

Given:

Purchase amount = $52 million

December 31, 2021, bonds value = $46 million

October 3, 2022, bonds sold = $62 billion

Computation:

Using multi-step approach

Transaction gain = October 3, 2022, bonds sold - December 31, 2021, bonds value

Transaction gain = $62 million - $46 million

Transaction gain = $16 million

5 0
3 years ago
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