Chapter 15, Problem 3DYS

General accounting question

What is the cost of equity on these financial accounting question?

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Thompson Aggrotech has a return on equity of 14.85 percent, a debt-equity ratio of 0.65, and a total asset turnover of 1.1. What is the return on assets? General Account

What is the cost of the delivery van?

Billy Company uses a predetermined overhead rate based on direct labor dollars. Billy Company estimated that its 20x9 overhead would total $946,000 and that 20x9 direct labor costs would be $720,000. During 20x9, actual overhead costs were $960,000, and actual direct labor costs were$850,000. By how much was Billy's overhead over- or underapplied?

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General accounting question