What is its return on total assets
Doherty Corporation had net income of $30,000, net sales of $1,000,000, and average total assets of $500,000. what is Its return on total assets ?
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John is 42 years old. His employer provides him with $300,000 of group term life insurance as a fringe benefit. The policy costs his employer $40 per month. For tax purposes, how much income does Sean have if a. the benefit is provided on a nondis
How do the concepts of accounting profit and economic profit differ? Why is economic profit smaller than accounting profit? What are the three basic sources of economic profit?
If the rival does not enter, the firm will earn $15,000 if it introduces the new product, and revamping the production facilities will earn new profits of $60,000. What should the manager do? Why?
A-Corp. distributed $10,000 cash to John, its sole Class A common stockholder in May, 2009. It also made a $10,000 cash distribution to Bill, its sole Class B common stockholder in December, 2009. The corporation has $6,000 in current earnings and
Mary is a 20% partner the Partnership and receives no distributions from the partnership during the year. She has a $55,000 basis in her partnership interest at the end of the year after all income/loss items have been passed through to her. What
What would be Mike's tax on the capital transaction if his taxable income before the capital transactions are taken into account is $20,000?
Mad Hatter Enterprises purchased new equipment for $365,000, FOB shipping point. Other costs connected with the purchase were as follows:
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The nurse has taught a group of parents about varicella infection. Which of the following statements by a parent would indicate a correct understanding
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