Answer:
don't know how to help you with your answer sssssorryyyyyyy
There is no Choices plus give further information
Answer:
correct option is B.$2,273
Explanation:
given data
purchased = $150,000
building = $100,000
land = $50,000
to find out
Tom's maximum depreciation for this first year
solution
we will apply here The mid month convention applies
and recovery period for Residential property = 27.5-year
maximum depreciation will be here as
maximum depreciation = $100,000 × 2.273%
maximum depreciation = $100,000 × 0.02273
maximum depreciation = $2,273
so correct option is B.$2,273
Answer:
(a)
(1) return on assets = 8.6%
(2) asset turnover = 2.5 times
(3) profit margin = 3.45%
Explanation:
Given
Net sales = $10,700.0
Net earnings = $365.0
Total assets, ending = $4,155.0
total assets, beginning = $4,340.0
(a)
(1) Return on assets = net income/average total assets
= 365/((4155 + 4340)/2)
= 365/(8495/2)
= 730/8495
= 0.0859
≈ 0.086 ≈ 8.6% (rounded to 1 decimal place)
(2) Asset turnover = net revenue/average total assets
= 10700/((4155 + 4340)/2)
= 10700/(8495/2)
= 21400/8495
= 2.5 times (rounded to 1 decimal place)
(3) Profit margin = net earning/net sales
= 365/10700
= 0.034 ≈ 3.45% (rounded to 1 decimal place)
Answer:
True
Explanation:
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