What is the margin that each company will have to earn

Assignment Help Accounting Basics
Reference no: EM133078360

Question - Sales and average operating assets for Company P and Company Q are given below:

 

Sales

Average Operating Assets

Company P

$20,000

$10,000

Company Q

$50,000

$8,000

Required - What is the margin that each company (Company P and Company Q, respectively) will have to earn in order to generate a return on investment of 20%?

Reference no: EM133078360

Questions Cloud

Prepare a statement of owner equity for the year ended : Hannah's Pool Service Company reported a net income of $69,050. Prepare a statement of owner's equity for the year ended December 31
General relations among total-average-marginal quantities : In terms of the general relations among total, average, and marginal quantities, which of the following statements are necessarily true, and which are not?
What should the year two price be : Assuming the volume and other costs are unchanged, what should the Year 2 price be if Thor is to make the same $200,000 profit before income taxes
Prepare a budgeted income statement for year two : In year 1, the average fixed labor cost was $400,000 per property. Prepare a budgeted income statement for year 2 if the "High Price" strategy is adopted
What is the margin that each company will have to earn : What is the margin that each company (Company P and Company Q, respectively) will have to earn in order to generate a return on investment of 20%
What is the balance in ALPHA Investment in BETA Ltd account : ALPHA uses the equity method to account for its investment in BETA. What is the balance in ALPHA'S "Investment in BETA Ltd." account at December 31, 2019
What amount should be reported for total income tax expense : The enacted tax rate for 2021 is 25%. In Wildhorse's 2021 income statement, what amount should be reported for total income tax expense
Commercial insurance range : Commercial insurance ranges from individual health coverage to automobile liability coverage.
Medicare and medicaid are federal programs : Medicare and Medicaid are federal programs that cover a large proportion of the US population with healthcare.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Concept related to entry to record the impairment

Lynch Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should:

  Make the appropriate adjusting entry

Unearned Ticket Revenue was credited. At the end of the accounting period, $15,000 had been earned. Make the appropriate adjusting entry

  Prepare the general journal entries

Prepare the general journal entries necessary to record these transactions.

  What is the journal entry needed to record the payment

What is the journal entry needed to record the payment of the note by Indigo Company on the maturity date? (Use 360 days a year.)

  Compare and contrast two forecasting techniques

Compare and contrast two forecasting techniques, including the different circumstances in which these might be used.

  Determine the exclusive property of the decedent

The Philippine exclusive properties were all tangible personal properties. Determine the Exclusive Property of the Decedent. Determine the Estate Tax Due

  How does the issuance cost affect the investor earnings

What does it mean when a bond is issued at a premium or a discount? How does the issuance cost affect the investor's earnings from the bond purchases?

  Calculate the nursing cost per patient day

Calculate the nursing cost per patient day for each patient type using patient days to assign the cost. Calculate the nursing cost per patient day for each patient type using nursing hours used to assign the cost. Is this cost assignment more accur..

  Determine the company total liabilities as of december

Building 34,400 Fee Revenue 63,300 Loan Payable 48,400 Basic computations. Determine the company's total liabilities as of December 31

  Explain how activity based costing can help

Explain how Activity Based Costing can help supply this information to Ford's management and areas of car performance, including properly closing doors

  Sanilac county has a lease on a lawn mower for 2500 per

sanilac county has a lease on a lawn mower for 2500 per month and .02 per minute of operation. operating costs for fuel

  What market opportunities do you have

How many aircraft does your company have? How many routes do you serve? What market opportunities do you have

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!

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