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1.Swiss Group reports net income of $40,000 for 2013. At the beginning of 2013, Swiss Group had $200,000 in assets. By the end of 2013, assets had grown to $300,000. What is Swiss Group's 2013 return on assets? How would you assess its performance if competitors average a 10% return on assets?
Ms Marx recently sold her ice cream store, called 'Communist Ice Cream' in June 2015. In that income year, she made sales of $90,000. The purchaser paid Ms Marx $250,000 for the business and an additional $35,000 for Ms Marx agreeing not to operate o..
The balance sheet reported a begin n in g balance o f Rs. 23,000 in Accounts Receivable and an endin g balance o f Rs . 16,000 . The inco me statement reported. Sales Revenue of Rs. 230,000. Using this information, what will be the amount of cash c..
bulldescribe two business sectors you might want to work in if you were an accountant and explain why in 150 to 200
nbspfargo company has established a petty cash fund for small expenditures. prepare journal entries for the following
baker winery manufactures a fine wine in two departments fermenting and bottling. in the fermenting department grapes
What is return on equity capital and what aspect of bank performance is it supposed to measure? Suppose a bank reports that its net after-tax income for the current year is $51 million, its assets totally $1,144 million, and its liabilities amount..
Prepare the June 30 entries to close the revenue, expense, income summary, and withdrawal accounts - Prepare the June 30 entries to liquidate the partnership assuming the non-cash assets are sold for $120,000.
You are an investment manager who is currently managing assets worth $6 billion. You believe that active management of your fund could generate between an additional one tenth of 1% return on the portfolio. If you want to make sure your active str..
in january 2011 rogers co. purchased a machine that cost 85000. the equipment is estimated to have a 5-year life and a
the management of thews corporation is considering dropping product e28i. data from the companys accounting system
Sarah came home one day to find significant water damage in her home. Apparently one of the hoses to her washing machine had worn out and split, spilling water all over the place. Over the next month, mildew appeared as well.
brimson has forecast sales for the next three months as follows july 4000 units august 6000 units september 7500 units.
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