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OlgaM077 [116]
3 years ago
15

For 2020, Vaughn Manufacturing reports beginning of the year total assets of $904000, end of the year total assets of $1130000,

net sales of $1050000, and net income of $199000. The rate of return on assets for Vaughn in 2020 is 15.6%. 22.0%. 17.6%. 19.6%.
Business
1 answer:
solmaris [256]3 years ago
7 0
I think it’s 19.6%... I think
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Epic, Inc. recently lost a portion of its records. The following information was available from the accounting records.
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Answer:  $55,600

Explanation:

Total Manufacturing Cost

= Direct Material + Direct Labor + Factory Overhead

Cost of Goods manufactured = Direct materials used + Work-in-Process Inventory, Beginning + Factory Overhead Applied + Direct Labor - Work-in-Process Inventory, Ending

Direct Materials = Cost of Goods manufactured - Work-in-Process Inventory, Beginning - Factory Overhead Applied - Direct Labor + Work-in-Process Inventory, Ending

= 57,100 - 10,500 - 11,500 - (1.4 * 11,500) + 9,000

= $28,000

Total manufacturing cost = 28,000 + ( 1.4 * 11,500) + 11,500

= $55,600

8 0
3 years ago
Kimberly is 7 years old. She asks her mother to buy her clothes at the start of the new academic year. However, her mother tells
baherus [9]

Answer:

5 to 7

Explanation:

Middle and Late Childhood

This is said to occur between children of 7 and 12 years old. In this stage, years, children grow taller, heavier, stronger and has more physical skills and new cognitive skills. There are some changes to children's social and emotional lives in this stage as well as changes in parent and peer relationships.

The Physical development in middle and late childhood in terms of body and growth and change.

During this period of middle and late childhood, children develop slow, consistent growth. In elementary school years, it is said that children grow an average of 2 to 3 inches a year and gain about 5-7 pounds a year during middle and late childhood. Muscle mass and strength also increases in the children at this stage of growth.

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Answer:

Assets

Explanation:

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8 0
3 years ago
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Monroe Minerals Company purchased a copper mine for $120,000,000. The mine was expected to produce 50,000 tons of copper over it
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Answer:

Net Income = $4,560,000

Explanation:

           Monroe Minerals Company

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For the year ended, December 31, 20Y1

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Sales revenues (6,000 tons of copper × $4,500)        = $27,000,000

Operating Expenses:

            Operating expenses                     $8,040,000

            Depreciation expenses (Note 1) <u> $14,400,000 </u>                

Total operating expenses                                                 <u>  22,440,000</u>

Net operating income                                                       $4,560,000

<em>Note 1</em>

Depreciation expense rate =

Cost of equipment ÷ expected unit production

or, Depreciation expense rate = $120,000,000 ÷ 50,000 tons of copper

or, Depreciation expense rate = $2,400/ton

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Rodgers and Winter had capital balances of $60,000 and $90,000, respectively, at the beginning of the current fiscal year. The a
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Answer:

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Salary allowance                  $25,000                $30,000

interest allowance                  $7,200                 $10,800  

(12% of capital)                

<u>split renaming income          $18,500                 $18,500  </u>

net income                            $50,700                $59,300

B) Net income $65,000    

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interest allowance                  $4,000                  $6,000  

(40% of remaining income

<u>to Rodgers and 60% to Winter)                                            </u>      

net income                            $29,000                $36,000

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