Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Financial Accounting Expert

problem1. A firm has profit margin of 4% and equity multiplier of 1.5. Its sales are $250 million, and it has total asset of $75 million. What is its ROE describe?

problem2. Consider an asset which costs $624,000 and is depreciated straight-line to zero over its eight-year tax life. The asset is to be used in a 5 year project; at the end of the project, the asset can be sold for $173,000. If the relevant tax rate is 35 percent, what is after-tax cash flow from sale of this asset?

problem3. Jake Smith opened his Balinese coffee shop business in the downtown Boise on January 1st 2010. On December 31st, 2010, he sat down with his accountant to figure out how his business had done in its 1st year and heaved a sigh of relief when his accountant reported that his EBT came to $20,000. Revenues, at $1,050,000 looked good. His expenditures were as follows: Salaries and benefits paid to employees $210,000 Jake's own salary $100,000 Supplies (coffee, milk, tea, pastries, etc.) $620,000 Cost of Restaurant grade coffee machine $30,000 Miscellaneous operating costs $44,000 Interest on loan $12,000 How much did Jake's accountant assigned for depreciation and amortization?

a. $44,000

b. $14,000

c. $4,000

d. $0.00

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M93907

Have any Question? 


Related Questions in Financial Accounting

No simple ldquoone-size-fits-allrdquo panacea exists for

No simple “one-size-fits-all” panacea exists for resolving the conflict between decision management versus decision control when it comes to budgeting. Nor is such a solution ever likely to be found.

Accounting assignmentproject datanoble company is a small

Accounting Assignment Project Data Noble Company is a small but growing manufacturer of telecommunications equipment. The company has no sales force of its own; rather, it relies completely on independent sales agents to ...

Assignmentwrite a five- to seven-page financial statement

Assignment Write a five- to seven-page financial statement analysis of a public company, formatted according to APA style. Here is a breakdown of the sections within the body of the assignment: Company Overview Provide a ...

1 in reviewing a claim under the equal pay act do the

1. In reviewing a claim under the Equal Pay Act, do the courts require that the jobs in question be identical? 2. Why do health professionals view marketing in a different way than their counterparts in other industries? ...

Assignment1 benzton inchad sales of 1200000 during 2015

Assignment 1. Benzton Inc.had sales of $1,200,000 during 2015. Twenty-five percent of these were cash sales. In addition to the 2015 cash sales, $569,400 of the 2015 credit sales were collected during the year. $30,000 o ...

Assignment financial reporting and analysisyou are required

Assignment: Financial Reporting and Analysis You are required to prepare an investigative report on a recent corporate scandal that involve improper accounting practices or any form of financial scandal. The report must ...

Assignmentbullpreparationfor this problem you will need to

Assignment • Preparation For this problem, you will need to select a publicly traded company. Once you have selected a publicly traded company, obtain Form 10-K for the company for the most current fiscal year. Use the E ...

The president of state university wants to forecast student

The president of State University wants to forecast student enrollment for this academic year based on the following historical data: year Enrollments 5 years ago 15,000 4 years ago 16,000 3 years ago 18,000 2 years ago ...

What projects can restore the rights and dignity of people

What Projects can restore the rights and dignity of people and societies who may be, or are forced into motion due to social injustices, politics, economic pressures, climate change and war.

1 discuss how marketing is often misunderstood by the other

1. Discuss how marketing is often misunderstood by the other functional areas of business. 2. What is the meaning of Balanced and Unbalanced Assignment Problems? 3. Describe the function of a Change Control Board 4. Disc ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro