Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. monita hussain has a business in which she's inves

Monita Hussain has a business in which she's invested $260000 of her own money, which...

70.2K

Verified Solution

Question

Finance

Monita Hussain has a business in which she's invested $260000 of her own money, which is the firm's only capital. (There are no other equity investors and no debt.) In a recent year, the firm had net income of $20000 for a return on equity of 7.69%($20000/$260000). What will the firm's return on equity be next year if net income from business operations remains the same but it borrows $140000 returning the same amount to Jake from the equity account if (Round your answer to two decimal places.):

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

Geometry
1.2K views

I ve the equation f x g x using the graph given 10 6 12...

Basic Math
1.2K views

Your job is to build a road joining a new development to a highway that...

Physics
1.2K views

Four bodies of masses 5 kg 2 kg 3 kg and 4 kg are respectively...

Basic Math
1.2K views

Students want to investigate this question: "Is there a relationship between the number of hours...

Basic Math
1.2K views

The standard form for the equation of the circle with center (-3,7) and radius 4...

Calculus
1.2K views

Find all local extremes of the function f(x, y) = (x + y) e^x-y

Algebra
1.2K views

The population of a certain country in 2000 was 286 million people In addition the...

Accounting
1.2K views

I've posted this question several times and can't get it right, please someone help. ...

Accounting
1.2K views

The following summarizes Tesla's merchandising activities for the year. Cost of merchandise sold to customers...

Accounting
1.2K views

help 5. An asset was purchased for $58,000 and originally...

Accounting
1.2K views

Gillis Co. deposits all reciepts on the day they are recieved and makes all cash...

Finance
1.2K views

Growing annuity factor for retirement period (wo r-g)