User Account

All Pages

What is the rate earned on total assets for this company

Assignment Help Financial Accounting
Reference no: EM13343386

-The following information pertains to Newman Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

1008_table 2.png

What is the rate earned on total assets for this company?


a. 6.8%


b. 8.1%


c. 16.1%


d. 10.5%

 

Which of the following is required by the Sarbanes-Oxley Act of 2002?


a. A report on internal control.


b. A vertical analysis.


c. A price-earnings ratio.


d. A common-sized statement.

 

 

Reference no: EM13343386

Questions Cloud

How does that affect the accounting equation : When the owner takes supplies for personal use, how does that affect the accounting equation like which accounts will it affect and by increasing, decreasing etc?
Calculate gauge pressure in feeder pipe at this point : A drinking fountain projects water at an initial angle of 50 degrees above horizontal Water reaches maximum height of 0.150m above point of exit. Calculate gauge pressure in feeder pipe at this point
Cash flows from operating activities-indirect method : Cash flows from operating activities-indirect method and Prepare a schedule of cash flows from operating activities using the indirect method.
Long term investments - adjusted to market and equity method : Prepare a schedule of cash flows from operating activities using the indirect method- Explain your answers and show any calculations necessary to arrive at your answers.
What is the rate earned on total assets for this company : Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.
What is the amount of cash flows : A building with a book value of $ 46,000 is sold for $51,000 cash Using the indirect method, this transaction should be shown on the statement of cash flows as follows.
Prepare journal entries for the issue of the bonds : Prepare journal entries for the issue of the bonds, the first interest payment on September 1
Why any unamortized premium should be reported : The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently reacquired. What is the number of shares outstanding?
Prepare newcomb corporations income statement : Prepare Newcomb Corporation's income statement for 2009, including earnings per share. Assume a weighted average of 100,000 shares of Common Stock outstanding for 2009.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Illustrate at what amount will inkblot be reflected in tryck

Trycker elects the fair value option for its investment in Inkblot. Illustrate at what amount will Inkblot be reflected in Trycker's December 31, 2010 balance sheet?

  Illustrate what is the rationale of the gasb

Illustrate what is the rationale of the GASB for requiring two sets of financial statements, each with a different measurement focus and basis of accounting for governmental activities?

  Illustrate what is the minimum ownership percentage an owner

Illustrate what is the minimum ownership percentage an owner must have in the entity to avoid gain recognition when property is contributed?

  Define discounted cash flow and payback period

Define and describe Net Present Value (NPV) as it pertains to the new cafe and define and describe the internal Rate of Control and define discounted cash flow and payback period

  How reasonable compensation issue applies to s-corporations

Briefly explain the double taxation problem and how paying large salaries to owners avoids it. Briefly discuss how the reasonable compensation issue applies to S-corporations.

  Compute the standard direct labor-hours

Determine the reason for the underapplied or overapplied overhead - Compute the standard direct labor-hours allowed for the year's production.

  Determine the eliminating entries necessary for the 2009

Cartwright, Inc. has $1,000,000 of 10% bonds outstanding on December 31, 20X8. On January 1, 20X9, Adam Corp., an 80%-owned subsidiary of Cartwright, Inc., purchases a $250,000 part of Cartwright, Inc.'s outstanding bonds in the market for $245,00..

  What was the average selling price

What was the average selling price of each share of common stock and How many shares of stock are outstanding, What amount should be reported for stockholders' equity

  Journalize transactions using a perpetual inventory system

Journalize transactions using a perpetual inventory system - Prepare an adjusted trial balance and prepare an income statement and a retained earnings statement for December and a classified balance sheet at December31

  Effect of different type of lease transaction

Effect of different type of lease transaction in balance sheet and Make any necessary simplifying assumptions as we did in class.

  What was dillon corporation''s times interest

In a recent year Dillon Corporation had net income of $130,000, interest expense of $20,000, and tax expense of $30,000. What was Dillon Corporation's times interest earned ratio for the year?

  How the perpetual and periodic inventory systems differ

Explain whether users of financial statements should exercise caution when interpreting financial statement compliant with GAAP and explain how the choice of depreciation method affects reported profits.

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