Answer:
Effective Tax rate is 8.15%
Explanation:
Candy Marked Price = $1.35
Customer has to pay = $1.46
Tax amount in the price = $1.46 - $1.35
Tax amount in the price = 0.$11
Effective Tax rate as Percentage = ( $0.11 / $1.35 ) x 100
Effective Tax rate as Percentage = 0.0815 x 100
Effective Tax rate as Percentage = 8.15%
Check:
Price inclusive of Tax = 1.35 x ( 1 + 8.15% )
Price inclusive of Tax = 1.35 x ( 1 + 0.0815 )
Price inclusive of Tax = 1.35 x 1.0815
Price inclusive of Tax = $1.46
The return on assets for Cruz Company with a total revenue of $80,175 and total expenses of $50,000, given average assets of $425,000 is 7.1%.
Return on Assets = Net Income/Average Assets x 100
= $30,175/$425,000 x 100
= 7.1%
- The return on assets indicates the profitability of Cruz Company relative to its assets. It is expressed as a percentage by dividing the Net Income with the Average Assets, then multiplied by 100.
Data and Calculations:
Revenue = $80,175
Expenses = $50,000
Net income = $30,175
Assets:
Beginning balance = $400,000
Ending balance = $450,000
Average assets = $425,000 ($400,000 + $450,000)/2
Thus, the return on assets equals 7.1% for the year.
Learn more about the return on assets at brainly.com/question/20114227
Answer:
C) $100,000,000 of assets that it invests on a discretionary basis
Explanation:
For an institutional investor to qualify as Qualified Institutional Buyer (QIB) under Rule 144A of the Securities and Exchange Commission (SEC) it must:
- manage at least $100 million worth of securities
- the securities must come from issuers that are not affiliated with the institutional investor
In case of banks or savings and loans institutions, Rule 144A requires them to have a net worth of at least $25 million.
