All categories

3 years ago

The following information regarding Brookes, Inc. is available:

Business

1 answer:

Aleksandr [31]3 years ago

7 0

Answer: C. 13%

Explanation:

Return on Investment is the percentage received from the investment over the amount spent.

= Operating income / Average invested capital

= 270,000/2,062,500

= 13.09%

= 13%

You might be interested in

At the beginning of 2017, Yummy Cupcakes, Inc. has the following ledger balances: Accounts Receivable $40,000 (Debit) Allowance

snow_lady [41]

Answer:

The ending balance in the Allowance for Bad Debts is $29,000

Explanation:

The computation of the ending balance in the Allowance for Bad debts is shown below:

= Estimation of the uncollectible accounts

= $29,000

As for calculating the bad debts expense, the business organization has to do an estimate based on this, the company could create the allowance for bad debts.

The other information which is given in the question is not relevant. Hence, ignored it

8 0

3 years ago

Rob operates a small plumbing supplies business as a sole proprietor. In 2018, the plumbing business has gross business income o

iragen [17]

Answer:

a. Taxable income before the QBI deduction = $408,000

b. QBI = $154,000

c. Net QBI deduction = $29,126

Explanation:

a. Taxable income statement

Marie wage income $250,000

Business income

($421,000 - $267,000) $154,000

Long term capital gain

($13,000 + $15,000) $28,000

Total income $432,000

Less: Standard deduction $24,000

Taxable income before the QBI deduction $408,000

b. Rob and Marie's QBI

Statement Showing QBI

Gross income $421,000

Less: Business income $267,000

QBI $154,000

c. Rob and Marie's QBI deduction

QBI deduction percentage × QBI

= 20% × $154,000

= $30,800

20% × ($408,000 - $28,000)

= $76,000

whichever less

Before phaseout QBI Deduction = $30,800

Net QBI deduction = Allowable QBI deduction - Phaseout reduction

= $30,800 - $1,674

= $29,126

4 0

3 years ago

One of the key roles that salespeople play in society is the distribution of knowledge about new technology. In other words, sal

kvasek [131]

Answer: diffusion of innovation

Explanation: Diffusion refers to the spreading of something widely and aggressively and innovation refers to the generation of a new idea or method.

Thus, the role played by the salespeople regarding the distribution of knowledge in the society is the distributor of information.

Thus, we can conclude that salespeople help with diffusion of innovation.

8 0

3 years ago

What is the expected salary range for ocean engineer from entry level to being at the top of their field?

Troyanec [42]

Answer: $47,000 to $117,000 per year

Explanation: An ocean engineer at a fresher level can earn $47k and with the experience of 10 years in the filed, the salary of an individual can lead up to $117k in a year.

The profession of ocean is considered to be one of the highest paid branch of engineering, with most recruiters belonging to extraction industry. The median salary of an ocean engineer, as per the latest data is $70,285.

7 0

3 years ago

A firm produces bicycles using two inputs: bicycle frames (F) and bicycle wheels (W). By definition, one bicycle has 2 wheels an

grin007 [14]

Answer:

C(100) = (75 x 100) + (200 x 100) = $27,500

Explanation:

the initial cost function of producing bikes is:

C(x) = 75F + 100W

the initial cost to produce 1 bike = $75 + $100 = $175

if the cost of wheels increase to $100 each, then the cost function is:

C(x) = 75F + 200W

in this case, there is not much to calculate since every bicycle must have 1 frame and 2 wheels, that means that in order to produce 100 bicycles you will necessarily need 100 frames and 200 wheels. Labor is not considered in this cost function, so any cost minimization strategy is limited to using the minimum amount of parts:

C(100) = (75 x 100) + (200 x 100) = $27,500

7 0

3 years ago