The following transactions occurred during March, the first month of operations for Quality Galleries, Inc. * Capital Stock was issued in exchange for $360,000 cash. * Purchased $180,000 of equipment by making a $60,000 cash down payment and signing a note payable for the balance. * Made a $35,000 cash payment on the note payable from the purchase of equipment. * Sold a piece of equipment for cash of $18,000. The equipment was sold at cost, so there is no gain or loss on the sale. What are total assets of Quality Galleries at the end of March
Answers
Answer:
$445,000
Explanation:
Calculation for the total assets of Quality Galleries at the end of March
First step is to find the balance in the Cash account at the end of March
Cash account balance =$360,000 - $60,000 - $35,000 + $18,000
Cash account balance = $283,000
Now that we have know the Cash account balance the Second step is to calculate for total assets at the end of March
Total assets = $283,000+ $180,000 - $18,000
Total assets = $445,000
Therefore the total assets of Quality Galleries at the end of March will be $445,000
Related Questions
The upper class constitutes ______ of the american population and receives almost half the available income.
Answers
The upper class constitutes one-fifth of the American population and receives almost half the available income.
What is income?The sum of money that an individual or organization receives in exchange for their products or goods. Income, which is often stated in dollar values, is the spending and saving possibility acquired by an organization within a given duration.
The midpoint is the level at which half of all households were wealthier and half were poorer. Economic markets and governmental policies are the two main factors influencing the distribution and production of wealth and income globally. One-fifth of Americans belong to the upper b, which also obtains approximately half of all income.
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If the amount of gasoline purchased per car at a large service station has a population of $15 and a population standard deviation of$4 then 99.73% of all cars will purchase between $3 and $27
Answers
The range between $3 and $27 is three standard deviations away from the mean.
Since we know that 99.73% of the data falls within three standard deviations of the mean, we can estimate that 99.73% of all cars will purchase gasoline between $3 and $27.
According to the given information, the population mean is $15, and the population standard deviation is $4.
This means that 99.73% of all cars will purchase gasoline within three standard deviations of the mean, using the empirical rule.
Therefore, we can use the empirical rule to estimate the percentage of cars that will purchase gasoline between $3 and $27.
The empirical rule is also known as the 68-95-99.7 rule, which states that:Approximately 68% of the data falls within one standard deviation of the meanApproximately 95% of the data falls within two standard deviations of the meanApproximately 99.7% of the data falls within three standard deviations of the mean.
To find the number of standard deviations that correspond to $3 and $27, we need to calculate the z-scores.
The z-score formula is given as:z = (x - μ) / σwhere z is the standard score, x is the value of the variable, μ is the population mean, and σ is the population standard deviation.
To find the z-score for $3, we plug in the values:z = (3 - 15) / 4z = -3To find the z-score for $27, we plug in the values:z = (27 - 15) / 4z = 3.
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2. Which group listed below can be used to set indents and
spacing?
Answers
Explanation:
nothing is listed below
Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payroll taxes due on April 15. She sent the payment November 8. The IRS sent her a penalty charge of 9.20% simple interest on the unpaid taxes of $4,000. Calculate the penalty. (Remember that the government uses exact interest.) (Use Days in a year table.)
Answers
The penalty charge is $728.04.
To find the penalty charge in the given scenario where Molly Ellen forgot to send the payroll taxes due on April 15th and sent the payment on November 8th, we will follow these steps:Calculate the days from April 15 to November 8 which is 207 daysCompute the exact interest on the unpaid taxes using the exact interest formula: I=P*R*T/100I: Exact interestP: Unpaid taxes ($4,000)R: Rate (9.20%)T: Time in years (207 days/365 days = 0.57 years)
Calculate the penalty by subtracting the unpaid taxes from the total amount due including the interestPenalty = Total amount due - Unpaid taxesGiven that the unpaid taxes were $4,000, and the IRS sent a penalty charge of 9.20% simple interest on the unpaid taxes. Using the above information, we will calculate the penalty as follows:
Days from April 15th to November 8th is 207 days.The exact interest formula is I=P*R*T/100, where I is the exact interest, P is the principal, R is the rate and T is the time in years.I = (4000 * 9.20 * 207)/100 * 365 = $728.04The total amount due including the interest is $4,728.04.Penalty = Total amount due - Unpaid taxesPenalty = $4728.04 - $4000Penalty = $728.04Therefore, the penalty charge is $728.04.
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nurses should be aware of the rights and duties of legal matters so they are better able to protect:
Answers
In order to better safeguard their patients, themselves, and their employers, nurses should be aware of their legal rights and obligations.
Nurses must have a solid awareness of the law in order to practice within the bounds of the law and ethical standards. Knowing the legal problems helps nurses identify and manage any hazards to patient safety. Nurses are accountable for providing safe and effective care to their patients. To avoid legal conflicts or malpractice claims, nurses must be aware of their legal obligations and responsibilities. Nurses may also be held accountable for any harm they inadvertently do to patients or coworkers.
Finally, nurses have a responsibility to uphold the interests of their employers, and having legal knowledge enables them to recognize and control dangers to the standing and financial health of their company.
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Discuss the benefits and disadvantages to Marathon Auto Engineering PLC, of investing in ‘electric
engines’ technology.
Answers
The benefits and disadvantages of Marathon Auto Engineering Pls of Investing in Electric Engine Technology are:
They will gain the attention and buy-in of stakeholders rooting for a cleaner environment and reduced use of fossil fuel.Because there is increased demand for electric cars, they will be well-positioned for the future of the automobile market.What are the demerits they should be aware of?
Various disadvantages have been identified as reasons why people don't want to own an Electric car. Some of them are:
These factors make it risky and therefore disadvantageous to invest in electric cars.
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On January 1, 2018, the Chaucer’s Restaurant decides to invest in Lake Turner bonds. The bonds mature on December 31, 2023, and pay interest on June 30 and December 31 at 4% annually. The market rate of interest was 4% on January 1, 2018, so the $90,000 maturity value bonds sold for face value. Chaucer’s intends to hold the bonds until December 31, 2023.
Required:
a. Journalize the transactions related to Chaucer’s investment in Lake Turner bonds during 2018.
b. In what category would Chaucer’s report the investment on the December 31, 2018, balance sheet?
Answers
Answer:
a)
January 1, 2018
Dr Investment in bonds 90,000
Cr Cash 90,000
June 30, 2018
Dr Cash 1,800
Cr interest revenue 1,800
December 31, 2018
Dr Cash 1,800
Cr interest revenue 1,800
b) This investment must be reported under long term assets since they are classified as Held to Maturity.
use the tax table below to determine each of the following values if you’re adjusted gross income it’s $20,000
1. Your tax liability if you are filing single using the standard deduction of $12,500 and
have no adjustments, itemized deductions, or tax credits.
2. Your tax liability if you are filing single using the standard deduction of $12,500, have
a child tax credit of $500 and no other adjustments, deductions or credits.
Answers
The tax liability after the child tax credit is $254.
To determine each of the following values using the tax table below if your adjusted gross income is $20,000:1. Your tax liability if you are filing single using the standard deduction of $12,500 and have no adjustments, itemized deductions, or tax credits:Here, the taxable income can be calculated by subtracting the standard deduction from the adjusted gross income.
Taxable Income = Adjusted Gross Income - Standard Deduction= $20,000 - $12,500= $7,500Now, find the row that corresponds to the taxable income in the tax table and determine the tax liability. From the table, the tax liability is $754.2.
Your tax liability if you are filing single using the standard deduction of $12,500, have a child tax credit of $500 and no other adjustments, deductions, or credits:First, calculate the taxable income as in the previous part.Taxable Income = Adjusted Gross Income - Standard Deduction= $20,000 - $12,500= $7,500.
Next, calculate the tax liability using the tax table that corresponds to the taxable income.From the table, the tax liability is $754.Then, subtract the child tax credit from the tax liability.Tax Liability = $754Child Tax Credit = $500Tax Liability after the Child Tax Credit = $754 - $500= $254.
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For each, indicate the dollar value that each
contributes to each component of GDP. Assume that everyone in
society gets page a wage of $10 per hour for their market labour.
If an item does not contribute to GDP, write "none"
Answers
Answer:
The contribution of labour, capital and entrepreneurship in GDP:
Labour: the value added by workers' work, measured in
wages, salaries and self-employment incomes
Capital: the value added by capital (or
inputs) paid by the capital owners
Entrepreneurship: the contribution of
entrepreneurs to create a business and the
productivity to create income that cannot
be attributed to capital or workforce
Contribution of labour: 50%
Contribution of capital: 33%
Contribution of entrepreneurship: 17%
Explanation:
Management team of Wolverine Corp. is considering the purchase of a new piece of equipment. They believe that new equipment is more efficient and would result in cost savings. Management estimates that the cost savings from the new equipment would result in an annual increase in net income of $200,000. The new equipment will have an initial cost of $1,200,000 and have an 8 year life. The salvage value of the new equipment is estimated to be $200,000. The hurdle rate is 10%. Ignore income taxes.
a. What is the accounting rate of return?
b. What is the payback period?
c. What is the net present value?
d. What would the net present value be with a 15% hurdle rate?
Answers
Answer:
Wolverine Corp.
a. The accounting rate of return = 50%
b. The payback period = 6 years ($200,000 * 6)
c. The net present value = ($39,600)
d. The net present value at 15% = ($237,200)
Explanation:
a) Data and Calculations:
Initial investment cost in new equipment = $1,200,000
Annual incremental net income from cost savings = $200,000
Salvage value of the new equipment = $200,000
Estimated useful life of equipment = 8 years
Hurdle rate = 10%
a. Accounting rate of return = (($200,000 * 8 + $200,000) - $1,200,000)/$1,200,000
= ($1,800,000 - $1,200,00)/$1,200,000
= $600,000/$1,200,000 * 100 = 50%
NPV at 10% hurdle rate:
Initial investment = $1,200,000 * 1 = $1,200,000
Annual incremental savings:
= $200,000 * 5.335 = $1,067,000
Salvage value = $200,000 * 0.467 93,400
Total benefits $1,160,400
NPV = ($39,600)
NPV at 15% hurdle rate:
Initial investment = $1,200,000 * 1 = $1,200,000
Annual incremental savings:
= $200,000 * 4.487 = $897,400
Salvage value = $200,000 * 0.327 65,400
Total benefits $962,800
NPV = ($237,200)
10. Which of the following best describes a trial balance?
Answers
if you could choose anything to be? (must be in essay)
Answers
Answer:
You can be one of your favorite heros.i.e avengers, marvels, etc. Or u can also choose some famous personalities such as Albert Einstein, Issac Newton, leonardo da vinchi, George Washington, etc
Even give a reason why did u choose them
Maybe that would be because of their contributions or because of their sense of humor. Like that..
If you had no credit history yet but wanted to establish one, describe what you could do in order to establish a
credit history. (3-6 sentences)
Answers
the probability is 0.4 that a traffic fatality involves an intoxicated or alcohol-impaired driver or nonoccupant. in ten traffic fatalities, find the probability that the number, y, which involve an intoxicated or alcohol-impaired driver or nonoccupant is a. exactly three; at least three; at most three b. between two and four, inclusive. c. find and interpret the mean of the random variable y. d. obtain the standard deviation
Answers
The correct answers are given below.
p = 0.4
n = 10
This is a binomial distribution
P(Y = y) = 10Cy * 0.4y * (1 - 0.4)10-y
How to solve thisa) P(Y = 3) = 10C3 * 0.4 * 0.6
= 0.2150
P(Y > 3) = 1 - P(Y < 3)
= 1 - [P(Y = 0) + P(Y = 1) + P(Y = 2)]
= 1 - [10C0 * 0.40 * 0.610 + 10C1 * 0.41 * 0.69 + 10C2 * 0.42 * 0.68]
= 1 - 0.1673
= 0.8327
P(Y < 3) = P(Y = 0) + P(Y = 1) + P(Y = 2) + P(Y = 3)
= 10C0 * 0.40 * 0.610 + 10C1 * 0.41 * 0.69 + 10C2 * 0.42 * 0.68 + 10C3 * 0.43 * 0.67
= 0.3823
b) P(2 < Y < 4) = P(Y = 2) + P(Y = 3) + P(Y = 4)
= 10C2 * 0.42 * 0.68 + 10C3 * 0.43 * 0.67 + 10C4 * 0.44 * 0.66
= 0.5867
c) mean = n * p = 10 * 0.4 = 4
d) standard deviation = sqrt(n * p * (1 - p))
= sqrt(10 * 0.4 * 0.6)
= 1.5492
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Following is information from Eagle Inc. for Year 7, ($ in thousands).
Total revenue
Total revenue growth rate
Net operating profit margin (NOPM)
Net operating profit after tax (NOPAT)
Net operating asset turnover (NOAT)
$3,248,879
Select one:
O
O
O
O
O
Projected net operating assets (NOA) for Year 8 is:
4%
5.7%
$207,262
4.37
a. $773,189 thousand
b. $785,827 thousand
c. $723,863 thousand
d. $743,451 thousand
e. None of these are correct
Answers
What could you do to enhance the product offer of Harvest Gold, other than changing
the menu from time to time?
Answers
Answer:
Explanation:
Most people are visual learners and respond to visual stimulation. Seeing a picture of the appetizing meal they’re considering ordering can convince them to buy it.
In some studies, restaurants were able to boost sales by 30% by adding photos of food along with the text. Psychologists at Iowa State University a study with YMCA campers in a cafeteria. Kids who saw a photo of the salad they could order were 70% more likely to choose it than if text was the only promo for the food item. The kids responded to the image in the same way they would respond to a plate of food in front of them.
Not only can you improve your restaurant menu by adding images to it, you can also test promoting specific meals by including images of them instead of others. If you’re trying to sell a specific menu item, a high-quality image could entice customers to buy it more.
Unlimited liability for sole proprietors means that
Answers
Answer:
Sole proprietors and partners have unlimited liability. The unlimited liability means that if you're unable to repay the debts of the business, your creditors can go after whatever you own
Why would someone use an LLC instead of a S-Corporation? Include in your answer the limitations on who can own an S Corporation
Answers
Because they offer liability similar to that of a corporation but are simpler to set up and have less regulatory requirements than other types of corporations, LLCs are popular.
Briefing:-Due to the personal liability protection provided by LLCs, the owner's personal assets are shielded from creditors' claims.
Why choose an LLC over a corporation?The fact that the LLC can provide pass-through taxes without having to comply with Subchapter S rules is a significant benefit over the S company.
Why would someone decide on a S company over a partnership to conduct business?The ability of a S corporation to transfer profits on to the shareholders is one of its advantages. Many business owners use this legal framework due to this benefit.
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Help ASAP
Applying the conept of "Thinking at Margin" which of the following statements are relevant for a TV manufacturer to make a decision:
the average revenue of a television is $114.55
the average cost of 10 televisions is $100 each, while the 11th one requires the hiring of an extra truck for deliveries at $50
the total cost of a television is $1104.55
the average cost of a television is $104.55
Answers
Applying the concept of "Thinking at Margin", the relevant statement for a TV manufacturer to make a decision is: the average cost of 10 televisions is $100 each. Option C. This is further explained below.
What is Thinking at Margin?Generally, It implies giving some thought to the next move you will take. "extra" is the meaning of the term "marginal." On a hot day, the first glass of lemonade you drink satisfies your thirst, but the subsequent glasses may not have the same effect.
When you ponder at the margin, you are contemplating what the next or subsequent action will entail for you personally.
In conclusion, Using the "Thinking at Margin" methodology, the important statements for a television maker to consider while making a choice are as follows: the typical cost of producing 10 TVs is $100 apiece. Alternative C
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Which economic system allows for private ownership of property and resources?
Question 1 options:
Free Market
Command
Traditional
Restrictive
Answers
The economic system that allows for private ownership of property and resources is the Free Market system.
What is difference between free market system and traditional system ?
"Free market", "traditional", and "restrictive" are three different terms that describe different economic systems or policies.
A free market system is an economic system in which the prices of goods and services are determined by supply and demand without significant government intervention. In a free market, individuals and businesses have the freedom to own and control property, resources, and means of production, and are free to produce, sell, and consume goods and services as they see fit.
A traditional economic system is an economic system that relies on customs, traditions, and beliefs to allocate resources and determine economic activity. In a traditional economy, production and distribution of goods and services is based on inherited customs and traditions, with little room for innovation or change.
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PLZ PLZ HELP HELP HELP YALL ITS IMPORTANT ASAP
Answers
Answer:
1144.95$
Explanation:
375.40 was given every week so multiply by 3 and I got 1126.20.. now annually is the key work and annually means per month so I divide 22500 by 12 and got 18.75. last, I added 18.75 a d 1126.95 and got 1144.95!! Hoped explained well!!
Ralston Sports Equipment Company made 20,000 basketballs in a given year. Its manufacturing costs were $170,000 fixed. Assume that no price changes will occur in the following year and that no changes in production methods are applicable. Compute the budgeted cost for producing 25,000 basketballs in the following year.
Answers
If Ralston Sports Equipment Company made 20,000 basketballs in a given year. the budgeted cost for producing 25,000 basketballs in the following year would be $212,500.
What is the Budgeted cost?First step is to calculate the fixed cost per unit:
Fixed cost per unit = Total fixed costs / Number of units produced
Fixed cost per unit = $170,000 / 20,000 basketballs
Fixed cost per unit = $8.50 per basketball
Next step is to determine the budgeted cost for producing 25,000 basketballs:
Budgeted cost = Fixed cost per unit * Number of units
Budgeted cost = $8.50 per basketball * 25,000 basketballs
Budgeted cost = $212,500
Therefore the budgeted cost for producing 25,000 basketballs in the following year would be $212,500.
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Please classify all variables as dependent, independent, moderating, extraneous (control or confounding) or intervening according to the following scenarios.
(1) The switch to commission from a salary compensation system will lead to increased sales per worker, especially more experienced workers.
(2) The switch to a commission compensation system will lead to higher sales by increasing overall compensation.
(3) A promotion campaign will increase savings activity, especially when free prizes are offered, but chiefly among smaller savers. The results come from enhancing the motivation to save.
Answers
There are many situations where different types of variables, such as dependent, independent, moderate, etc., can be noticed.
What kind of variables are there in the first situation?Commission-based sales per employee (which is independent in nature).
Salary commission, however, depends only somewhat.
Savings activity depends on the promotional effort while being independent.
An unnecessary variable is what?Any variable that your research study is not looking at but that could potentially have an impact on the dependent variable is considered an unnecessary variable. An extraneous variable known as a "confounding variable" is one that not only influences the dependent variable but also has a connection to the independent variable.
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Use Tina Weaver's monthly statement and check register to reconcile her account.
a. What is the ending balance on the statement?
b. What is the total of the outstanding deposits?
c. What is the total of the outstanding withdrawals?
d. What is the revised statement balance?
e. What is the balance of the check register?
f. Does the account reconcile?
Answers
Therefore, the balance of the check is. $2045.19
How to solveThe following sheet has to be used by Tina Weaver’s monthly statement
The ending balance on the statement is the final money left with an entity after all the transaction procedure. Here the ending balance is provided by the monthly statement itself. Else we have to find out by the formula opening balance +deposits-withdraws
Thus, the ending balance is equal to $1434.19
Step 3/7
b.
Outstanding deposit refers to a company's receipts (cash, checks from customers, etc.) which have been recorded by the company, but the amount will appear on its bank statement at a later date. An outstanding deposit is also known as a deposit in transit.
Thus the outstanding deposit in this case is a deposit payment of.$700
Step 4/7
c.
Total outstanding withdrawal is the amount that has been promised to be paid in the near future. I this case, check number: 397 and 399 are not on the bank statement. The sum of their amounts that is which is equal to $89.00 is the total outstanding withdrawal in this case.
Thus, the total outstanding withdrawal here is equal to $89
Step 5/7
d.
Revised statement balance is the balance shown on accounts of the balance statement. If there is some change in revision in the balance statement. The calculation of revised statement balance is as follows
which is equal to $2,045.19.
Thus, the revised statement balance is $2,045.19.
Step 6/7
e.
Balance of the check register is the closing balance of a company’s check 4register is known as balance
Therefore, the balance of the check is. $2045.19
Step 7/7
f.
The reconciliation of account is when the revised statement balance and the total balance of the check register match which is the case here as well. Thus, the account reconciles.
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Match the methods to monitor on-floor selling activity and sales effectiveness to the scenario that portrays them.
Answers
Monitoring on-floor selling activity and sales effectiveness can be done through various methods that help retailers make informed decisions about their store's performance.
Here are some methods for monitoring on-floor selling activity and sales effectiveness:1. Mystery shoppingThis is where retailers hire a third-party to pose as a customer and visit the store to evaluate the level of service and sales effectiveness. Mystery shoppers can be used to evaluate different areas of the store, such as customer service, product knowledge, and sales techniques. The results can be used to identify areas of weakness and opportunities for improvement.2. Point of sale data analysisThis involves analyzing sales data collected at the checkout. This method can provide insights into sales trends, popular products, and the effectiveness of promotions and sales strategies. Retailers can use this data to make informed decisions about their store's inventory and pricing.3. In-store camerasInstalling cameras on the sales floor can help retailers monitor customer behavior, such as how long they spend in a particular area and which products they are looking at. Retailers can use this information to improve store layout and product placement.4. Customer feedback forms Retailers can use feedback forms to gather information about customers' experiences in the store.
This can include questions about the level of service, product availability, and overall satisfaction. Retailers can use this information to identify areas of improvement and make changes to the store's operations.5. Sales tracking softwareRetailers can use sales tracking software to monitor sales performance and set sales goals. This software can provide real-time updates on sales data and identify areas of strength and weakness. Retailers can use this information to make informed decisions about their store's operations and sales strategies.In conclusion, retailers can use different methods to monitor on-floor selling activity and sales effectiveness. These methods include mystery shopping, point of sale data analysis, in-store cameras, customer feedback forms, and sales tracking software. The choice of method will depend on the retailer's goals and the specific areas they want to evaluate.
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Mark fell behind in some of his bills and now a percentage of what he owes a
creditor is taken out of his paycheck. What is this an example of?
A. A surety
B. A garnishment
C. A foreclosure
D. Alien
Answers
Answer:
The correct answer is B. A garnishment
Explanation:
When a debtor falls behind on their debt, the creditor is entitled to seize assets/wages to pay for it.
A dentist shares an office building with a radio station. The electrical current from the dentist's drill causes static in the radio broadcast, causing the radio station to lose $10,000 in profits. The radio station could put up a shield at a cost of $30,000 or the dentist could buy a new drill that causes less interference for $6,000. Either would restore the radio station's lost profits. Would it be economically efficient for the dentist to buy and put up a shield? Why or why not? By how much would total surplus change?
a. Would it be economically efficient for the radio station to buy and put up a shield? Why or why not? By how much would total surplus change?
c. Would it be economically efficient for the dentist to buy a new drill? Why or why not? By how much would total surplus change?
d. Would it be efficient for the radio station to buy the dentist a new drill? Why or why not? By how much would total surplus change?
Answers
Answer:
a. Would it be economically efficient for the dentist to buy and put up a shield? Why or why not? By how much would total surplus change?
No, it is not economically efficient for the dentist to buy the shield.
b. Would it be economically efficient for the radio station to buy and put up a shield? Why or why not? By how much would total surplus change?
No, it is not economically efficient for the radio to buy the shield.
c. Would it be economically efficient for the dentist to buy a new drill? Why or why not? By how much would total surplus change?
No, it is not economically efficient for the dentist to buy the drill.
d. Would it be efficient for the radio station to buy the dentist a new drill? Why or why not? By how much would total surplus change?
Yes, it is economically efficient for the radio to buy the dentist a new drill. The Coase Theorem is an economic theory that states that economic conflicts must be solved regardless of who had the initial rights of whatever is on dispute. In this case, the dentist is causing harm to the radio, but he is doing OK. So the radio has a problem, not the dentist. The radio needs to solve its problem, so they should buy the dentist a new drill.
The economic surplus = $10,000 - $6,000 = $4,000, that means that the radio will be $4,000 better.
As an amputee herself, Morgan works in a lab experimenting with new technology that can allow a prosthetic to be attached to living cells. The Health Science career pathway Morgan works in is _____.
Support Services
Biotechnology Research and Development
Health Informatics
Diagnostic Services
Answers
Answer:
Biotech R&D
Explanation:
My mom does that
what's your favorite subject in school?
Answers
Answer: Science
Explanation:
Dickerson Co. is evaluating a project requiring a capital expenditure of $810,000. The project has an estimated life of 4 years and no salvage value. The estimated net income and net cash flow from the project are as follows: Year Net Income Net Cash Flow 1 $75,000 $285,000 2 100,000 290,000 3 109,000 190,000 4 36,000 125,000 $320,000 $890,000 The company's minimum desired rate of return is 12%. The present value of $1 at compound interest of 12% for 1, 2, 3, and 4 years is 0.893, 0.797, 0.712, and 0.636, respectively. Required: Determine the average rate of return on investment, including the effect of depreciation on the investment. Round your answer to one decimal place. %
Answers
Answer:
The average rate of return on investment is 19.8%
Explanation:
According to the given data we have the following:
Initial Investment = $810,000
Salvage Value = $0
Henc, Average Investment = (Initial Investment + Salvage Value) / 2
Average Investment = ($810,000 + $0) / 2
Average Investment = $405,000
Average Net Income = ($75,000 + $100,000 + $109,000 + $36,000) / 4
Average Net Income = $320,000 / 4
Average Net Income = $80,000
Therefore, Average Rate of Return on Investment = Average Net Income / Average Investment
Average Rate of Return on Investment = $80,000 / $405,000
Average Rate of Return on Investment = 19.8%
The average rate of return on investment is 19.8%