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3 years ago

Selected balance sheet and income statement information for Home Depot follows.

Business

1 answer:

Tresset [83]3 years ago

7 0

Answer:

$7,826

Explanation:

The computation of net operating profit after tax is shown below:-

Net operating profit after tax = Net operating profit before tax - Tax expense on operating profit

= $12,124 - ($4,001 + $803 × 37%)

= $12,124 - $4,298

= $7,826

Therefore for computing the net operating profit after tax we simply applied the above formula.

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Which highest and best use criterion would require an appraiser to consider the frontage of the site?

Bond [772]

physically possible is the highest and best use criterion that would require an appraiser to consider the frontage of the site.

Criterion is usually a plural noun that refers to a criterion by which a judgment can be made. Its singular form is the norm, but evidence shows that the norm is often used in both singular and plural forms, as are data and agenda, and their lesser-used singular forms datum and agenda. I'm here.

For example, SAT score is the predictor and his GPA in college is the criterion. Regression analysis confirms that there appears to be a strong correlation between SAT scores and his GPA in college. However, a high SAT score does not necessarily mean a high GPA in college.

Learn more about criterion here: brainly.com/question/17192140

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8 0

1 year ago

Anthony Finley wishes to become a millionaire. His money market fund has a balance of $287,270 and has a guaranteed interest rat

mrs_skeptik [129]

Answer:

15 years

Explanation:

The target accumulated future amount is the future value of the initial investment(present value), hence, using the future value formula provided below we can determine the investment time horizon in years required to accumulate the target amount:

FV=PV*(1+r)^n

FV=$1,200,000

PV=$287,270

r=10%

n=investment period in years=unknown

$1,200,000=$287,270*(1+10%)^n

$1,200,000/$287,270=(1+10%)^n

$1,200,000/$287,270=(1.10)^n

take log of both sides

ln($1,200,000/$287,270)=n ln(1.10)

n=ln($1,200,000/$287,270)/ln(1.10)

n=15.00years

4 0

2 years ago

.Grannis Corporation purchased land in order to construct a new factory . Expenditures incurred by the company were as follows:

katovenus [111]

Answer:

The amount recorded in the Land account is $61,200

Explanation:

The cost of acquisition/purchase of a landed asset includes all the normal, reasonable and necessary costs incurred in obtaining the land and getting it ready for use. These cost includes the price of the land, the legal fees, title fees, taxes, excavation costs etc. On the other hand, cost of improvements on the land are recorded on improvement on asset accounts, where depreciation is put in consideration when computing cost. This is separate from acquisition cost because, there is no depreciation on a land. The cost is calculated as follows:

purchase price = $ 45,000

broker's fees = $ 8,000

accrued taxes = $ 2,000

demolition = $ 2,700

grading = $ 1,500

excavation = $ 2,000

Total = $ 61,200

6 0

3 years ago

Goldin Corporation currently pays its salesperson a flat salary of $5,000 per month and is considering paying him $20 per unit i

Naddik [55]

Answer:

The net operating income will c. increase by $7,000

Explanation:

The formula to calculate net operating income is =

Gross income - Operating expenses

If Sales are equal to 200 units and the payment for a salesperson is

a flat salary of $5,000

Gross income = 200 * $80 = $16,000

and

Operating expenses = $5,000

Net operating income = $16,000 - $5,000 = $11,000

If we rise the Sales to 300 units then the payment for the salesperson will be 20$ * 300 = $6,000.

Gross income = 300 * $80 = $24,000

and

Operating expenses = $6,000

Net operating income = $24,000 - $6,000 = $18,000

$18,000 - $11,000 = $7,000

6 0

3 years ago

The largest proportion of federal revenues comes from

NemiM [27]

The largest proportion of federal revenues comes from C. Personal income taxes.

6 0

3 years ago