What was the rate of return on the investment

Assignment Help Managerial Accounting
Reference no: EM132474083

Assume that in 2018, a copper penny struck at the Philadelphia mint in 1793 was sold for $270,000.

Question 1: What was the rate of return on this investment? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 3216.)

Reference no: EM132474083

Questions Cloud

What capacity washer is needed : If he wants the average line length in the queue to be no more than three cars, what capacity washer is needed?
Identify and justify suitable project selection methods : Identify and justify suitable project selection methods to the given project and discuss the processes to conduct the above project selection methods
Compute the cost per equivalent unit : Work-in-process inventory, June 1: 12,000 units. Compute the cost per equivalent unit for both the weighted-average and FIFO methods
Calculate the number of equivalent units : Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses weighted-average method
What was the rate of return on the investment : What was the rate of return on the investment? (Do not round intermediate calculations and enter your answer as a percent rounded)
What amount should be recorded for each sale : Main Street Distributors, a wholesale firm, made sales using the list prices and trade discounts. What amount should be recorded for each sale?
Positive test is a drug user : Suppose that 0.5% of people are users of the drug. What is the probability that a randomly selected individual with a positive test is a drug user?
What are three categories of contingent liabilities : Determine the correct accounting treatment. Prepare any required journal entries. (If no entry is required for a transaction/event)
Write out the hypothesis : What information would you need to test the claim that the difference in annual bonuses is greater than $100 at the 0.05 level of significance?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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