Answer:
11.11%
Explanation:
The computation of the return on assets is given below:
But before that following calculations need to be done
Total assets = Total debt ÷ Total debt ratio
= $657,000 ÷ 0.31
= $2,119,354.839
Total equity = Total Assets - Total Debt
= $2,119,354.839 - $657,000
= $1,462,354.839
Net profit = Total equity × Return on equity
= $1,462,354.839 × 0.161
= $235,439.129
And, finally
ROA = Net profit ÷ Total Assets
= $235,439.129 ÷ $2,119,354.839
= 11.11%
Answer:
checking and saving
Explanation:
when you opening a new bank account. the bank will ask you want to open a checking and saving account or both
Answer:
Municipal bond fund
Explanation:
He should be most concerned about this fund because these investments are in the investors IRA, the investment aadviser should be immediately concerned about the municipal bond fund investment.
We have seen that this is a tax deferred account, so a tax free investment is not going to be suitable.
NASTY AND ALSO THE GUY THE ANSWERED IS NOW BANNED HAHAHA
Answer:
$420,000 deferred tax asset
Explanation:
Deferred-tax assets are asset that occurred when company's or organization record income tax is less than the one which is been paid to the tax authority.
Taxable income 3,200,000
Less;Income (per books before income taxes) $2,000,000
Total $1,200,000
Therefore
$1,200,000×35%
=$420,000 deferred tax asset.
Cross record should record $420,000 as a net deferred tax asset or liability for the year ended December 31, 2018
