Answer:
15%
Explanation:
Average Assets = (Opening asset + Closing asset) / 2
Average Assets = ($1,500,000 + $1,700,000) / 2
Average Assets = $3,200,000 / 2
Average Assets = $1,600,000
Return on assets = Net Income / Average assets
Return on assets = $240,000 / $1,600,000
Return on assets = 0.15
Return on assets = 15%
Answer:
Long-term investments.
Explanation:
Capital budgeting can be regarded as process that is been utilized by business in determining the type proposed fixed asset purchases that need to be declined or should be accepted. This process helps in creating quantitative view as regards the proposed fixed asset investment, so that rational basis to make make a judgment can be surfaced. It should be noted that Capital budgeting is the process of analyzing Long-term investments.
Answer:
depletion expense 103,560
Explanation:
The first step, is to calculate the rate per ton
coal mine 1,001,000
coal reserve 58,000
We divide the total coal reserve for the mine cost.
depletion rate 1.001.000/58.000 = 17,2586 = 17.26
Then we multiply bythe tons extracted for the period
depletion for the first year 6,000 tonds x 17.26 per ton = 103,560
This will be the depletion expense for the year.
Answer:
$200,000
Explanation:
The work in process process inventory had an increase by $20,000 during the year
The cost of goods that were manufactured is $180,000
Therefore the total manufacturing costs incurred can be calculated as follows
= cost of goods sold that was sold + work in process inventory increase
= $180,000 + $20,000
= $200,000
Hence the total manufacturing costs that was incurred is $200,000
