Answer:
Option (D) is correct.
Explanation:
Return on equity:
= Return on assets × Equity multiple
= 10.3% × 2.36
= 24.308%
Profit margin:
= Net income ÷ Sales
= $20 ÷ $115
= 17.39%
Average total assets is calculated as follows:
Return on assets = Net income ÷ Average total assets
10.3% = $20 ÷ Average total assets
Average total assets = $194.17
Lee gives her client a list of recommended contractors, which includes the date that she last checked each contractor's license status on the Maryland home improvement commission's website. Lee must check the license status of the providers that she recommends yearly.
In Maryland, a contractor license is needed if you wish to work on domestic development tasks or do electric, plumbing, or HVACR work. Commonly, the license arrives 10 days after the utility is authorized. Our organization would love to recognize the requirements for a home development contractor to get licensed within the nation of Maryland.
Home improvement subcontractors may fit without a license whilst performing home improvements for an MHIC licensed contractor within the kingdom of Maryland. The regulation keeps offering that the best MHIC-certified contractors may input into contracts with homeowners to perform domestic improvement work.
All contractors who carry out home improvement, together with painters, in the state of Maryland, require a license. All candidates must display years of experience in home development, construction, or associated schooling.
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Answer: $28,300
Explanation:
The gain that Bramble will recognize will goes thus:
First and foremost, we have to calculate the accumulated depreciation on the equipment and this will be:
= (768,000 - 36,000)/10 x 9
= 658,800
After that, we would find the value of the net Bmbook value on Dec 31, 2020 and this will be:
= 768,000 - 658,800
= 109,200
The gain will then be:
= Sales value - Net book value
= 137,500 - 109,200
= 28,300
