Compute the rate of return of assets

Assignment Help Accounting Basics
Reference no: EM13342492

From the following information, compute the rate of return of assets.

Net income after tax 30,548
Taxes 6,785
Interest expense 3,545
Total assets at the beginning of year 150,500
Total assets at the end of year 175,684

Reference no: EM13342492

Questions Cloud

Explain acid halides react with atmospheric water to produce : Acid halides react with atmospheric water to produce the corresponding- A. Amine B. amine salt C. amide D. carboxylic acid E. acid chloride
Calculate the companys taxable income : The three directors are paid $10,000 each. One of the directors has been ill for the whole year and his duties were performed by the other directors.
Obtain the acceleration of the block : A disk with a mass of 32.3 kg and a radius of 49.7 cm is mounted on a frictionless horizontal axle. Find the acceleration of the block
Compute the volume (in ml) occupied by co2 : Calculate the volume (in ML) occupied by a .327g sample of C02, gas at 22.5 Deg Celsius and 755 torr
Compute the rate of return of assets : Compute the rate of return of assets.
What horizontal distance does the block cover : A 1.20-kg block of wood sits at the edge of a table, 0.782 m above the floor. What horizontal distance does the block cover before hitting the ground
Fair market value : Beginning January 1, 2013 Sharp acquired 80% of Tippy Co for $1,360,000 (fair market value).
Estimate the amplitude of the oscillations : A simple harmonic oscillator consists of a block of mass 2.00 kg attached to a spring of spring constant 110 N/m. What is the amplitude of the oscillations
Explain how do you find delta change h° of gaseous hcl : how do you find delta change H° of gaseous HCl with the following information: 1) N2(g) + 3H2 (g) > 2NH3(g) delta changeH°(rxn) = -91.8 kj 2) N2(g) + 4H2 (g) +Cl2 (g) > 2NH4Cl(s) detla changeH°(rxn)= -628.8 kj 3) NH3 (g) +HCl (g) >NH4Cl(s) delta c..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Obligations of bonds-characteristics of corporation

Describe the two major obligations incurred by a company when bonds are issued. Magda and Helga are discussing how the market price of a bond is determined.

  Investigating the purchase of atm machines

Prepare the cost of goods sold budget, you must calculate a unit cost for each month. You must also calculate cost of goods manufactured. Remember, there is no Work in Process inventory but you must calculate direct materials used.

  What is the effective annual rate

A local finance company quotes a 16.8 percent interest rate on one-year loans. So, if you borrow $30,000, the interest for the year will be $5,040. Because you must repay a total of $35,040 in one year, the finance company requires you to pay $35,..

  Determining the cash balance

At November 1, 2010, Myers Enterprises reported a cash balance of $60,000. During the month, Kern collected cash of $20,000 and made disbursements of $35,000. At September 31, 2010, what is the cash balance?

  Calculating divisions return on investment

What method would be most appropriate for calculating the division's return on investment (ROI)? Why? Using this method, what is ROI for the current year?

  Determining year-end balance

Damons uses the allowance method to account for uncollectible receivables. At the beginning of the year, allowance for doubtful accounts had a debit balance of $100. During the year you recorded bad debt expense of $1,800 and wrote off bad receiva..

  Briefly explain the significance of the acquisition date

Briefly explain the significance of the acquisition date and the date of exchange and outline how the consideration (in a business acquisition) is calculated when the acquisition of the target company is carried out in stages.

  Direct labor and time rate variances

Brass Works, Inc. produces brass lamps and gift products. Engineers at Brass Works have established the following direct labor standards to produce a brass candelabra:

  Recording the redemption of bonds

Prepare the journal entry by Twin Digital to record the redemption of the bonds on July 1, 2011.

  Prepare an analysis and determine best plan

Prepare an analysis and determine which plan will result in the higher earnings per share of common stock. Recommend one plan to the board. Give reasons

  Painting the gnomes

The company is considering painting the gnomes. The following information is available regarding unpainted and painted gnomes:

  Length of the firm cash conversion cycle

For the Cook County Company, the average age of accounts receivable is 60 days, the average age of accounts payable is 45 days, and the average age of inventory is 72 days. Assuming a 365-day year, what is the length of the firm's cash conversion ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd