User Account

All Pages

Calculate the profit margin on sales

Assignment Help Accounting Basics
Reference no: EM132001083

Question - The 2013 income statement for Anderson TV and Appliance reported sales revenue of $270,000 and net income of $60,000. Average total assets for 2013 was $750,000. Shareholders' equity at the beginning of the year was $450,000 and $10,000 was paid to shareholders as dividends. There were no other shareholders' equity transactions that occurred during the year.

Calculate the profit margin on sales, return on assets, and return on shareholders' equity for 2013.

What will be the Average Shareholder's Equity?

Reference no: EM132001083

Questions Cloud

Describing how a budgetary control system would be useful : Write a memo to George briefly describing how a budgetary control system would be useful for demonstrating accountability to Reviva's funding
Should you always seek to reduce project risk : What are the key sources of risk that you see in this project? Should you always seek to reduce project risk?
Describe the concept of force-field analysis : Describe the concept of force-field analysis and the forces that either drive or restrain the change process.
Compute the contribution margin unit : Aldovar Company produces a variety of chemical. Compute the contribution margin unit, and calculate the break-even point in units
Calculate the profit margin on sales : The 2013 income statement for Anderson TV and Appliance reported sales revenue of $270,000, Calculate the profit margin on sales, return on assets
How might a company start a social listening program : Why is developing a financial plan an important part of the entrepreneur's planning process?How might a company start a social listening program?
What is the direct materials price variance : The following data relate to direct materials costs for November: Actual costs 4,649 pounds at $5.20. What is the direct materials price variance
Line tangent from the risk-free rate : In theory, which of these is a combination of securities that places the portfolio on the efficient frontier and on a line tangent from the risk-free rate?
Liquidity preference theory-short-term securities attractive : According to the “liquidity preference theory,” investors find short-term securities attractive because

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd