Answer:
$867,832
Explanation:
Calculation for the market value of the shop's equity
Equity Market value = $819,000 + $65,000 + 1.1($319,000) + .96($21,700) + $26,800 − $414,700
Equity Market value =$819,000 + $65,000 + $350,900+$20,832+$26,800 − $414,700
Equity Market value= $867,832
Therefore the market value of the shop's equity will be $867,832
Answer:
Head of household
Explanation:
Lonny's most advantageous filing status is the Head of Household. In order to use this filing status, it is mandated for the taxpayer to be either unmarried or considered unmarried by the year end. The taxpayer must also have paid over 50 percent of the cost of catering for a home for the year in view (either his personal home or the that of a qualifying parent)
Answer:
2016 net return on assets is 3.88%
2015 net return on assets is 4.46%
Explanation:
The net return on assets is a profitability ratio that compares net income of a business with the capital assets (fixed assets used in generating such net income,hence it is a comparative performance metric not an absolute like net income as it a profit figure might be misleading if not viewed viz-a-viz the amount of resources deployed to generating it.
net return on assets=net income/total assets:
2016:
net income is $298,300
total assets is $7,694,748
Net return on assets=$298,300/ $7,694,748=3.88%
2015:
net income is $309,120
total assets is $6,925,273
Net return on assets=$309,120/$6,925,273=4.46%
Answer:
D. The minimum of the range
Explanation:
First, it is essential to note the accrual of loss contingency is accruable only if the amount is estimable to a reasonable extent and the loss is also probable. Wyatt Co's loss is actually both probable and reasonably estimated so it meets the two criteria.
Furthermore, since it is reasonable within a rang of outcomes, Accounting Standards Codification Topic 450 (of the Financial Accounting Standard Board) dictates the amount to be accrued should be the better estimate of all amounts within the range.
The standard further states that in a situation where a better estimate can not be determined among the other amounts within the range then the amount accrued should be the one at the range's low end or the minimum amount of the range.
All these criteria shows that Wyatt CO's loss should accrue the minimum amount in the range
Answer: Business process re-engineering
Explanation:
Business Reengineering is the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service, and speed” – Michael Hammer and James Champy
Business process reengineering is an approach used to improve organizational performance by increasing the efficiency and effectiveness of processes that exist across the organization. In addition to the redesigning of business processes, it also involves the redesigning of associated systems and organizational structures.
