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Finger [1]
3 years ago
9

Apollo Corp. reported the following balance​ sheet: Cash ​$28,000 ​ Accounts payable ​$5,000 Accounts receivable ​15,000 ​ Notes

Payable ​12,000 Inventory ​45,000 ​ Accruals ​17,000 Net Fixed Assets ​122,000 ​ LongminusTerms Debt ​45,000 ​ ​ ​ Common Stock ​10,000 ​ ​ ​ Retained Earnings ​121,000 Total assets ​$210,000 ​ Total Liab.​ & Equity ​$210,000 Apollo has sales of​ $600,000 and net income of​ $50,000. Apollo's return on equity is
Business
1 answer:
avanturin [10]3 years ago
3 0

Answer:

Apollo's return on equity is 38.17%

Explanation:

The formula to compute the return on equity is shown below:

Return on equity = Net income ÷ total equity

where,

Net income = $50,000

And, the total equity is

= Common stock + retained earnings

= $10,000 + $121,000

= $131,000

Now put these values to the above formula  

So, the value would equal to

= $50,000 ÷ $131,000

= 38.17%

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The Thomlin Company forecasts that total overhead for the current year will be $11,420,000 with 157,000 total machine hours. Yea
Alex17521 [72]

Answer:

Under/over applied overhead= $1,899,000 underallocated

Explanation:

Giving the following information:

Estimated overhead= $11,420,000

Estimated machine-hours= 157,000

Actual overhead is $7,958,000 and the actual machine hours are 83,000 hours.

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 11,420,000/157,000

Predetermined manufacturing overhead rate= $73 per machine hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 73*83,000= $6,059,000

Finally, we can determine the under/over allocation:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 7,958,000 - 6,059,000

Under/over applied overhead= $1,899,000 underallocated

8 0
3 years ago
Investors require a return of 13 percent on the stock for the first three years, a return of 11 percent for the next three years
lianna [129]

Complete Question:

BenchMark, Inc., just paid a dividend of $3.45 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year indefinitely. Investors require a return of 13 percent on the stock for the first three years, a return of 11 percent for the next three years, and then a return of 9 percent thereafter. What is the current share price for the stock.

Answer:

BenchMark, Inc.

The current share price for the stock is:

$43.13

Explanation:

a) Data and Calculations:

Dividend per share = $3.45

Growth rate = 5%

Investors' required rate of return = 13%

Stock value = Dividend per share / (Required Rate of Return – Dividend Growth Rate)

= $3.45/(0.13 - 0.05)

= $43.13

b) We can calculate BenchMark's current share price, by dividing the dividend per share by the investors' required rate of return after subtracting the growth rate from the required rate of return.

8 0
3 years ago
IN planning a database and it's related tables it is important to consider
IRISSAK [1]

In planning the database it is important to consider- what each table is 'about'.

Explanation: It becomes very important so that any  sort of  duplicate data can be avoided. These databases are the source which provides the information. It should be segregated into several subject based tables. Basically, databases provides  the access to the accurate information and to provide accuracy one must be careful while creating. Every table is anyhow related to another.

5 0
3 years ago
The internal growth rate of a firm is best described as the: Multiple Choice Minimum growth rate achievable assuming a 100 perce
telo118 [61]

Answer:

The answer is: Maximum growth rate achievable excluding external financing of any kind.

Explanation:

The internal growth rate (IGR) of a company is the maximum level of business operations at which a company can function with its own resources, without obtaining external financing through issuing new debt or equity.

It measures the company's ability to increase sales and profit without any outside "help" (new debt or equity).

6 0
3 years ago
In the long run, when marginal cost is above average total cost, the average total cost curve exhibits
serg [7]
The answer is B



Have a good day
6 0
3 years ago
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