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Nolan manufactures, markets, and sells cellular telephones. The average total assets for Nolan is $245,000. In its most recent year, Nolan reported net income of $61,000 on revenues of $470,000.
What is Nolan's return on assets? Round your answer to nearest percent
What are total expenses for Nolan in its most recent year?
What is the average total amount of liabilities plus equity for Nolan?
The partners' relative interests in the Sec. 751 assets do not change as a result of the current distribution. Carlos's basis in the building is:
Modern Mother Magazine has received cash subscriptions on April 1, 2009 in the amount of $3,600,000 for the next three years. Their year-end is December 31, 2009.
O'Bria Service Company purchased a copier on January 1, 2012, for $17,000 and paid an additional $200 for delivery charges. The copier was estimated to have a life of four years or 800,000 copies.
Company owns 40% of the outstanding voting common stock of Nicole Corp. and has the ability to significantly influence the investee's operations. On January 3, 2011, the balance in the Investment in Nicole Corp.
1. what is a share?2. identify two advantages of a private placement of shares as compared with a public
How would the company's aftertax cash inflow be affected if (a)it donated the land or (b) it sold the land for $110,000? How would its net income be affected?
What is the net worth of the company. Did the net Worth Increase, decrease or remain the samecampared to FY 19X1? Why?
If a company is determining the present value of the minimum lease payments under a lease, what interest rate should be used as the discount rate using IFRS?
The business has been offered $5 per finished gallon to process two batches of Product A futher into Product B. Product B will require additional processing costs of $7,800 per batch, and 10% of the gallons of Product A will evaporate during proce..
If 75% of a developer's capital is debt and his interest expense is 10% and 25% of his capital is equity at a 20% hurdle rate, what is his WACC?
Identify which of the conditions requiring a modification of or a deviation from an unqualified standard report is applicable.
During December 2008, Fashion Vixen Publishing sold 2,500 12-month annual magazine subscriptions at a rate of $30 each. The first issues were mailed in February 2009. Prepare the journal entries on Fashion Vixen's books 1) to record the sale of th..
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