Answer:
Firm J's margin= 8.3%
Firm J's turnover= 2
Firm J's ROI= 16.6%
Explanation:
Form J has a net income of $77,605
The sales is $935,000
The average total assets is $467,500
Firm J's margin can be calculated as follows
Margin= Net income/sales
= $77,605/$935,000
= 0.083×100
= 8.3%
Firm J's turnover can be calculated as follows
Turnover= Sales/Average Total assets
= $935,000/$467,500
= 2
Firm J's return on investment can be calculated as follows
ROI= Net income/Average Total assets
= $77,605/$467,500
= 0.166×100
= 16.6%
Hence Firm J's margin, turnover and return on investment is 8.3%, 2 and 16.6% respectively.
Answer:
The IRS requires employers to report wage and salary information for employees on Form W-2. Your W-2 also reports the amount of federal, state and other taxes withheld from your paycheck. As an employee, the information on your W-2 is extremely important when preparing your tax return.
Answer:
the net book value of the asset halfway through its useful life will be less than if straight-line depreciation is used.
Explanation:
Let me use an example to illustrate this.
An asset has a useful life of 4 years. It costs $1000. It has a salvage value of 0
If the straight line depreciation method is used , the depreciation expense every year = $1000/ 4 = $250
The net book value halfway through its useful life = $1000 - ($250 x 2) = $500
If double declining method is used, the depreciation expense in the first year would be = 2/4 x $1000 = $500
The net book value at the beginning of year 2 = $1000 - $500 = $500
Depreciation expense in year 2 = 2/4 x $500 = $250
The net book value at the beginning of year 3 = $500 - $250 = $250
We can see that the net book value halfway through the useful is lower when double declining depreciation method is used
Answer:
$190,000
Explanation:
Given:
Loan amount = $20000
Month Remain = [ 8 month - 2 month ( July - august) non interest bearing] = 6 month
Discount rate = 10%
Calculation of value discounted = Loan amount x Discount Rate x month remain
= $200,000 x 10% x 6/12
= Discounted Amount = $10000
After discount rate = loan amount - discounted amount
= $200,000 - $10,000
After Discount Rate= $190,000
Answer:
<em><u>Classical Management Approach.</u></em>
Explanation:
The classic approach to management emerged as a management model founded by<em> Taylor </em>in the late nineteenth and early twentieth centuries, called scientific management, whose ultimate goal was to maximize productive efficiency in order to get the worker to produce more in less time.
Scientific management presents four fundamental principles proposed by Taylor:
- Principle of planning
: Substitution of empirical methods by scientific methods, there is a rationalization of work through time and execution studies.
- Principle of worker preparation
: Workers should be selected to work in areas according to their abilities and should be adequately trained so that they can produce more according to the demands of the organization.
- Principle of Execution
: It requires tasks and responsibilities to be distributed so that the work is performed with greater rigor and discipline within an established average time. From this came job and job designs that split functions to maximize productivity.
- Standardization:
Scientific methods were implemented to reduce costs and uniformity. The work is overseen by a number of expert supervisors and the man is seen as being economical, who is motivated to produce more when he receives monetary rewards.