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motikmotik
3 years ago
14

Rent expense in Volusia Company's 2016 income statement is $420,000. If Prepaid Rent was $70,000 at December 31, 2015, and is $9

5,000 at December 31, 2016, the cash paid for rent during 2016 is:_________
Business
1 answer:
d1i1m1o1n [39]3 years ago
5 0

Answer:

$445,000

Explanation:

The rent in Volusian company income statement for 2016 is $420,000

The prepaid rent is $70,000 at December 31 2015 and $95,000 at December 31 2016

Therefore the cash paid for rent in 2016 can be calculated as follows

= $420,000+($95,000-$70,000)

= $420,000 + $25,000

= $445,000

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The Permanent School Fund distributes money to school districts across the state based on what two factors?
bogdanovich [222]

Answer:

Explaination given below:

Explanation:

The Permanent School Fund distributes money to school districts across the state based on the two factors as follows:

* student attendance

           &

* guaranteed bonds issued by local school boards

The Permanent School Fund was organized in the year around 1854. The central goal of the Permanent School Fund is to support primary as well as secondary schools in the state.

5 0
3 years ago
The National Security Agency gathers and analyzes meta-data such as numbers, e-mail addresses and locations from cell phones and
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3 years ago
Barney, a manager, is very conventional, resistant to change, habitual, and does not accept new ideas very easily.This implies t
inna [77]

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A

Explanation:

7 0
3 years ago
n a recent year's financial statements, home depot reported the following results. sales $ 95 billion net income 8 billion avera
faltersainse [42]

The  home depot's return on assets is 19.05%

The home depot's return on assets is 8.05% better than the 11% return of lowe's

What is return on assets?

The return on  on assets means the net income of Home Depot as percentage of the average total assets, in other words, the return on assets is the net income divided average total assets , not sales revenue, which is applicable to profit margin

return on assets=net income/average total assets

net income=8 billion

average total assets=42 billion

return on assets=8 billion/42 billion

return on assets=19.05%

difference in return on assets=19.05%-11

difference in return on assets=8.05%

The home depot's return on assets is 8.05% better than the 11% return of lowe's

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3 0
2 years ago
What is the expected return if a firm has a payout ratio of 0.4, a return on equity of 25%, and a dividend yield of 6%
Varvara68 [4.7K]

Answer:

21%

Explanation:

We can calculate the expected return of a firm by add dividend yield and growth rate but in this question, the growth rate is not given therefore we will find growth rate first with the available data

DATA

Payout ratio = 0.4

Return on equity = 25%

Dividend yield = 6%

Solution

Growth rate = Return on equity x retention ratio

Growth rate = Return on equity x (1 - payout ratio)

Growth rate = 25% x (1-0.4)

Growth rate = 25% x 0.6

Growth rate = 15%

Expected return = Dividend yield + growth rate

Expected return = 6% + 15%

Expected return = 21%

6 0
3 years ago
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