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
MAXImum [283]
3 years ago
6

The return on shareholders' equity for... Income statement: 2018 Sales $ 2,500,000 Cost of goods sold 1,300,000 Net income 200,0

00 Balance sheets: 2018 2017 Accounts receivable $ 300,000 $ 200,000 Total assets 2,000,000 1,800,000 Total shareholders' equity 900,000 700,000 The return on shareholders' equity for 2018 is:______
Business
1 answer:
soldi70 [24.7K]3 years ago
3 0

Answer:

The return on shareholders' equity for 2018 is  22.2%

Explanation:

Return on Equity measures the Return earned by the owners investments in the company.

Return on Equity =  Net Income / Total Shareholders Funds × 100

                            =  200,000 / 900,000 ×100

                            =  22.2%

You might be interested in
Garrison Shops had a SUTA tax rate of 3.7%. The state's taxable limit was $8,000 of each employee's earnings. For the year, Garr
Ierofanga [76]

Answer:

Detailed solution is given below:

7 0
3 years ago
The cost system best suited to industries that manufacture a large number of identical units of commodities on a continuous basi
ValentinkaMS [17]

Answer:

Process Costing

Explanation:

Process Costing allows so many units to be in production at the same time which are identical. The cost of each unit can be determined by calculating the average price using to total units produced.

7 0
3 years ago
Bonnie's employer provides her with an annual dinner club membership costing $5,000. Her marginal tax rate is 24 percent. Her em
Nikolay [14]

Answer:

$3,800

Explanation:

The computation of the after-tax benefit is shown below:

= Annual dinner club membership cost - annual dinner club membership cost × her marginal tax rate

= $5,000 - $5,000 × 24%

= $5,000 - $1,200

= $3,800

We simply deduct her tax expense from the annual dinner club membership cost so that the accurate amount can come.

All other information which is given is not relevant. Hence, ignored it

8 0
3 years ago
A company estimates that the appropriate discount rate (i.e., the cost of capital) for Project A, Project B, Project C and Proje
aliina [53]

Answer:

a. Project A requires an up-front expenditure of $1,000,000 and generates a net present value of $3,200.

Explanation:

a.

The company should accept project A because it provides a positive net present value of $3,200 that is the highest among all the projects.

b.

When the IRR of a project is lower than the required rate of return of the project, it will generate the negative net present value because at IRR the net present value of the project will be zero and at a higher rate than IRR it will be negative.

c.

The project with a profitability index of less than 1 generates a negative NPV because the present value of future cash flows is less than the initial cash outflow.

d.

Project D also generates a positive net present value but it is lower than project A. So, after comparing the results we will choose the project with higher NPV.

4 0
3 years ago
How many years would it take for money to increase to 3 times the initial amount at an interest rate of 18% per year?
arlik [135]

Answer:

7 years (to the nearest year)

Explanation:

Given that;

A = amount

P= principal

t = time

r = rate

A =3P(given in the question)

Formula for compound interest;

A = P(1 + r)^t

Substituting values;

3P = P(1 + 18/100)^t

3P/P= (1.18)^t

3 = (1.18)^t

log 3 = t log 1.18

t = log 3/log 1.18

t = 0.4771/0.0719

t = 6.6 years

t = 7 years (to the nearest year)

3 0
2 years ago
Other questions:
  • Paige Company estimates that unit sales will be 10,300 in quarter 1, 12,600 in quarter 2, 14,600 in quarter 3, and 18,800 in qua
    9·2 answers
  • _______ occurs when the inflation rate is less than zero percent.
    9·2 answers
  • In the last several years, the Western part of the United States has faced severe drought conditions with a lack of rain in stat
    5·1 answer
  • A financial asset is liquid: Group of answer choices if it can be readily exchanged for another asset or good. if it is held by
    10·1 answer
  • At the beginning of the year, manufacturing overhead for the year was estimated to be $859,200. At the end of the year, actual d
    12·1 answer
  • Craig graduated from college and got his first job. He rented an apartment and purchased new furniture, appliances, and a televi
    8·1 answer
  • A put on Sanders stock with a strike price of $31 is priced at $2 per share, while a call with a strike price of $31 is priced a
    9·1 answer
  • Jerry, the manager at Cayman's Inc., strongly believes that his subordinates prefer to be directed, avoid responsibility, and fr
    7·1 answer
  • IRS regulations govern the computation of gross profit for GAAP. computation of net income for GAAP. computation of net income f
    9·1 answer
  • You have hired 10 new temporary workers who will be with the company for 3 months. how can you make sure that these users can on
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!