Assume a company reported the following results:SalesVariable expensesContribution marginFixed expensesNet operating income$ 400,000260,000140,00040,000100,000Average operating assets$ 500,000If the company's minimum required rate of return on average operating assets is 16%, its residual income would be:Multiple ChoiceО$20,000.$21,000.$22,000.$23,000.

Step 1: Understanding meaning of residual income:- Residual income is a income earned over and above…

Answered: Assume a company reported the following…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Calculate the total cost (in $), proceeds (in $), total gain (or loss) (in $), and return on investment for the mutual fund investment. The offer price is the purchase price of the shares, and the net asset value is the price at which the shares were later sold. (Round your return on investment to one decimal place.) Shares OfferPrice TotalCost Net AssetValue Proceeds Per ShareDividends Total Gain(or Loss) Return onInvestment% 500 $10.80 $ $12.80 $ $0.67 $ %
The Fluffy Laundromat purchased new washing machines and dryers for $62,000. The machines are expected to last 4 years and have a residual value of $10,000. Prepare a depreciation schedule by using the 150% declining-balance method. End ofYear AnnualDepreciation AccumulatedDepreciation BookValue 1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $10,000
Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (10,700 units at $300 each) Variable costs (10,700 units at $240 each) Contribution margin Fixed costs $3,210,000 2,568,000 642,000 504,000 $ 138,000 Pretax income If the company raises its selling price to $320 per unit. 1. Compute Hudson Co's contribution margin per unit. 2. Compute Hudson Co's contribution margin ratio. 3. Compute Hudson Co's break-even point in units. 4. Compute Hudson Co's break-even point in sales dollars. 1. Contribution margin per unit 2. Contribution margin ratio ... Next
Assume that a company has an EBIT of $1,000,000, $150,000 in capital gains, and $12,000 in capital losses. Moreover, it receives $80,000 in interest income $20,000 in dividend income as well as $250,000 in interest expense. If the tax rate is 25%, what is the corporation’s taxable income?
A): Thunderbird Manufacturing purchases a new stamping machine for $40,000. Its useful life is estimated to be 250,000 units with a salvage value of $5,000. Prepare a units-of-production (UOP) depreciation schedule based on the given annual usage (units produced) as shown below. *chart attached* B): Johnson Industries purchased a metal-working lathe for $32,000. This item will be used for business 90% of the time. Accountants elected to take a $11,000 section 179 deduction and utilize the special depreciation allowance of 50%. Prepare a depreciation schedule (in $) using MACRS. Round all dollar amounts to the nearest cent.*chart attached*
An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the end of the period. Compute the depreciation charge and its book value after 10 years using declining balance method.
Please complete #42 and #43 :)
If a lump-sum income tax of $30 billion is levied and MPS is 0.2, the consumption schedule will shift
The most recent financial statements for Crosby, Incorporated, appear below. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Assume the firm is operating at full capacity and the debt-equity ratio is held constant. CROSBY, INCORPORATED 2021 Income Statement Sales $ 764,000 Costs 620,000 Other expenses 29,500 Earnings before interest and taxes $ 114,500 Interest expense 14,400 Taxable income $ 100,100 Taxes (21%) 21,021 Net income $ 79,079 Dividends $ 36,540 Addition to retained earnings 42,539 CROSBY, INCORPORATED Balance Sheet as of December 31, 2021 Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 25,340 Accounts payable $ 61,800 Accounts receivable 34,770 Notes payable 17,900…
For 2021, the annual earnings for Blue Star Racing Equipment were $5,600,000 . The corporation has 6,863,400 shares of common stock outstanding and pays an annual dividend of $0.65 per share. The closing price for a share of common stock was $24 last night. Calculate the following. (Round all answers to two decimal places if necessary.) 1. Current yield: % 2. Earnings per share: $ 3. Price-earnings (PE) ratio:
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A loan of $10,500 was given at an interest rate of 4% payable at the end of the fifth year. Find the continuous compound amount to be paid back.

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