Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a. a company reported income of $50,000 in 2018. a

A. A company reported income of $50,000 in 2018. At the beginning of 2018 they...

80.2K

Verified Solution

Question

Accounting

A. A company reported income of $50,000 in 2018. At the beginning of 2018 they had assets of $500,000 at the end of the year they had assets of $600,000. In addition, they had sales of $1,000,000 in 2018. If their cost of capital is 8% (a) what is their return on investment (ROI), (b) what is their residual income?

a. 10,000

b. 6,000

c. 10%

d. 9%

B. What is their residual income?

a. 10,000

b. 6,000

c. 10%

d. 9%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

A scientist measures the standard enthalpy change for the following reaction to be -613.2 kJ : P4O10(s)...

Psychology
1.2K views

Write a perspective on your own neighborhood.  Do you feel you are defined by your surroundings, or...

Biology
1.2K views

Teaching Retrieved from https www edutopia org topic culturally responsive teaching Provide a brief summary...

Physics
1.2K views

greater ener A TV station is operated at 100 MW with a signal frequency of...

Basic Math
1.2K views

How expensive is Maui A newspaper gave the following costs in dollars per day for...

Statistics
1.2K views

The test statistic of z 0 83 is obtained when testing the claim that p...

Statistics
1.2K views

The distribution of Bachelor s degrees conferred by a university is listed in the table...

Statistics
1.2K views

5 11 What Does the Central Limit Theorem Say Asked what the central limit theorem...

Calculus
1.2K views

Production Function for a Company: Suppose the production output of a certain country is given...

Accounting
1.2K views

Prince corporation holds 75% of the common stock of sword distributors Inc. purchased on Dec...

Finance
1.2K views

Harriet Marcus 4:40 is Page 409 15-14. Harriet Marcus is...

Finance
1.2K views

Hyperion Inc., currently sells its latest high-speed color printer, the Hyper 500, for $356. Its...