1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
HACTEHA [7]
3 years ago
7

Hernandez Corporation expects to have the following data during the coming year. What is Hernandez's expected ROE

Business
1 answer:
Wewaii [24]3 years ago
7 0

Answer:

13.56%

Explanation:

For the computation of return in equity first we need to follow some steps which are shown below:-

D/A = Debt ÷ Total assets

Debt = $200,000 × 65%

= $130,000

Interest expense = $130,000 × 8%

= $10,400

Total assets = Total liabilities + Total equity

Total equity = $200,000 - $130,000

= $70,000

Net income = (EBIT - Interest expense) × (1 - Tax rate)

= ($25,000 - $10,400) × (1 - 0.35)

= $9,490

ROE = Net income ÷ Equity

= $9,490 ÷ $70,000

= 13.56%

You might be interested in
MGM Grand announces plans to open a new casino with a hotel. Workers hired for this new business would
lbvjy [14]

Answer:

Answer is B Goodluck that is the answer

I think

8 0
3 years ago
What is true about credit unions?
andre [41]
Do you have any more info
5 0
4 years ago
Read 2 more answers
Thornton, inc., had taxable income of $127,682 for the year. The company's marginal tax rate was 34% and its average tax rate wa
enot [183]

Answer:

Are you sure you copied the options correctly?

When you do the math, $127,682 x 0.237 = $30,261

the closest option is d. $30,471.

average tax rate = $30,471 / $127,682 = 23.86%,

Explanation:

the company's total tax liability = total taxable income x average tax rate

total amount of taxes paid = $127,682 x 23.7% = $30,260.63 ≈ $30,261

The formula used to calculate average tax rate = total taxes paid / total taxable revenue. To determine total taxes paid you just need to adjust this formula.

5 0
3 years ago
Amanda Winter worked as a public engagement coordinator at Safe Food Alliance until three months ago when her manager, Laura Mor
arlik [135]

Answer:

Option D is the correct answer to this question.

Explanation:

Laura sat in on only one of Amanda's presentations before giving her the promotion.

They were made by hand before slides were mounted on computers. Designing a PowerPoint presentation took several hours and though it was costly. Presentations were illustrated back then people with devices such as journal flip charts and computer monitors, but these have been used in schools and conference rooms worldwide.

Other options are incorrect because they are not related to the given scenario.

6 0
4 years ago
Manufacturing Overhead is a temporary account used to​ ________ indirect production costs during the accounting period. A. alloc
Anton [14]

Answer: (D) Accumulate

Explanation:

 The accumulate is the term that is used to refers to the increase in the business equity and also the working capital due to the high profit in an organization.

It is basically refers to the flow account in which we record all the asset and the financial and also the non-financial liabilities during the time of transaction.

According to the given question, the manufacturing overhead is one of the type of temporary account that is typically used to accumulate the indirect production cost at the time of accounting.

 Therefore, Option (D) is correct answer.

7 0
3 years ago
Other questions:
  • As long as all sales requests are being met, a ______ inventory turnover ratio is better.
    14·1 answer
  • Winter Company earned revenues of​ $150,000 in cash and​ $200,000 on account during 2018. Of the​ $200,000 on​ account, $63,000
    10·1 answer
  • Pop evil, inc.'s net income for the most recent year was $16,802. The tax rate was 21 percent. The firm paid $3,706 in total int
    10·1 answer
  • Compare/contrast your personality, traits, skills and abilities with those of a successful entrepreneur.
    5·1 answer
  • Louvers, Inc., accepted a $15,000, 180-day, 10 percent note from a customer on May 31. On June 30, Louvers prepared a period-end
    8·1 answer
  • ________ are teams from the same department or functional area involved in efforts to improve work activities, though they are r
    13·2 answers
  • A company that produced 1,000 units and sold 800 units had the following costs:
    5·1 answer
  • My question is how much do you love Jesus
    11·1 answer
  • Why would someone choose to list his or her work experience before education on a resume?
    14·1 answer
  • Average and poor business writers are more likely than excellent writers to focus on the?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!