Answer:
See below
Explanation:
1. Net income
Net income = Sales × Profit margin
Net income = $23,000,000 × 12% = $2,760,000
2. ROA Return on Assets
ROA = Net income ÷ Total assets
= $2,760,000 ÷ $20,500,000
= 13.46%
3. ROE Return on equity
ROE = Net income ÷ Total equity
Answer and Explanation:
a. The computation of depreciation for each of the first two years by the straight-line method is shown below:-
Depreciation
= (Assets cost - Salvage value) ÷ Useful life
= ($171,000 - 0) ÷ 25
= $6,840
For First year = $6,840
For Second year = $6,840
It would be the same for the remaining useful life
b. The computation of depreciation for each of the first two years by the double-declining-balance method is shown below:-
First we have to determine the depreciation rate which is shown below:
= One ÷ useful life
= 1 ÷ 25
= 4%
Now the rate is double So, 8%
In year 1, the original cost is $171,000, so the depreciation is $13,680 after applying the 8% depreciation rate
And, in year 2, the ($171,000 - $13,680) × 8% = $12,585.60
i am assuming that you want to find out the total number of letters.
if so,
let 'x' be the total number of letters
so, 80/100*x = 240
80x/100 = 240
80x = 240*100
80x = 24000
x = 24000/80
x = 300
total number of letters is 300
Answer:
the growth rate is 3%
Explanation:
The computation of the PAMC growth rate is shown below:
Price of the stock = Current year dividend ÷ (required rate of return - growth rate)
$16.25 = $0.78 ÷ (0.078 - growth rate)
0.078 - growth rate = 0.048
So, the growth rate is 3%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The appropriate response is the turnkey project. One of the unique methods of completing universal business is a turnkey project. It is an agreement under which firm consents to complete configuration, build and prepare a business office and turn the venture over to the buyer when it is prepared for operation for a compensation.
