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Law Incorporation [45]

3 years ago

6

River corp's total assets at the end of last year were $480,000 and its net income was $32,750. what was its return on total ass

ets?

1 answer:

OverLord2011 [107]3 years ago

3 0

i belive the answer is <em><u>447,250 </u></em> of the net income

hope this helped you and make sure to rate this five

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Shares of RossCorp stock are selling for $45 per share. Brokerage commissions are 2% for purchases and 2% for sales. The interes

maksim [4K]

Answer:

The price at which a margin call would be received is $28.929.

Explanation:

The stated question does not contain complete information. The remaining information is as follows.

<em>Assume that you purchase 150 shares of RossCorp stock at $45 each by making a margin deposit of 55 percent. At what price would you receive a margin call?</em>

The price is calculated using the formula for maintenance margin as follows.

Maintenance margin = Equity in account / Value of stock

Equity in account = (Shares purchased x Call price) - (Shares purchased x Remaining ratio x Sale price)

Equity in account = (150 x P) - (150 x 0.45 x 45)

= 150P - 3037.5

Value of stock = Shares purchased x Call price

= 150P

Inserting these values into the formula for maintenance margin:

0.3 = (150P - 3037.5) / 150P

45P = 150P - 3037.5

105P = 3037.5

P = 28.929

Hence, the price at which a margin call would be received is $28.929.

6 0

3 years ago

The manufacturing overhead budget at Pendley Corporation is based on budgeted direct labor-hours. The direct labor budget indica

postnew [5]

Answer:

Correct option is B) $17.10

Total overhead rate per hour = $17.10

Explanation:

Overhead rates are based on cash outflow, they are not allocated and computed based on non cash items.

Total direct labor hours = 8,900

Thus total variable overhead rate = $5.50

Total cash fixed cost = $133,500 - $30,260 = $103,240

Fixed cost overhead rate = $103,240/8,900 = $11.60

Total overhead cost per hour = Variable overhead + Fixed Overhead = $5.50 + $11.60 = $17.10

5 0

3 years ago

Kelly was working as a chef for a restaurant chain, She was promised a salary of $3,000 per month as her gross pay. She began pl

Sauron [17]

Net income. Gross income would be the $3,000 before taxes are deducted. The net income would be the 2452 that is remaining after taxes

6 0

3 years ago

Adam, Ben and Erica are liquidating their partnership. Before selling the assets and paying the liabilities, the capital balance

ser-zykov [4K]

Answer:

Adam = $41,000 , Ben = $31,000 , Erica =$20,000

Profit and loss sharing Ratio respectively =1:1:2

<u>Requirement 1</u>

Cash available $72,000

Add: Cash received from sale of <u>$50,000</u>

non-cash assets

$122,000

Less: Cash paid against account <u>$20,000 </u>

receivables

Cash to be distributed <u>$102,000</u>

<u />

<em><u>Distribution</u></em><em> </em>

Adam= $102,000 * 1/4 = $25,500

Ben = $102,000 * 1/4 = $25,500

Erica = $102,000 * 2/4 = $51,000

<u>Requirement 2</u>

Cash available $72,000

Add: Cash received from sale of <u>$25,000</u>

non-cash assets

$97,000

Less: Cash paid against account <u>$20,000 </u>

receivables

Cash to be distributed <u>$77,000</u>

<u />

<em><u>Distribution</u></em><em> </em>

Adam= $77,000 * 1/4 = $19,250

Ben = $77,000 * 1/4 = $19,250

Erica = $77,000 * 2/4 = $38,500

3 0

3 years ago

Assume a $1,000 Treasury inflation-protected bond has a 2 percent coupon and a face value at issuance of $1,000. The reference C

Oksana_A [137]

Answer:

The bond has a 2 percent coupon and a face value at issuance of $1000 which is the same with the Treasury inflation-protected bond. However, the reference Consumer Price Index (CPI) which is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services has increased from 202.34 to 203.18. From this deduction, what I know for certain about this bond is that the interest payment have increased and the coupon rate is still 2 percent.

6 0

3 years ago