At the end of the year, Wrinkle Free Laundry (WFL) had $150,000 in total assets. (a)If WFL’s total assets turnover was 2.0, what were its sales revenues? (b)If WFL’s return on assets was 6 percent, what were its net income and net profit margin?
Q: At the beginning of each month, P 200 is deposited into a retirement fund. The fund earns 6% compoun...
A: An annuity is a series of equal payments made or received at regular intervals. When the cash flows ...
Q: Why is treasury considered a profit centre. What are the revenues and expense
A: In finance profit center refers to that branch or division that adds, in a direct manner, to an enti...
Q: Calculate the interest rate for the diagram below. 125 10 30 40 50 60 20
A: The internal rate of return is a return which helps in knowing the profitability of an investment. T...
Q: You invest PHP 100,000.00 in Stock A, PHP 300,000.00 in Stock B. You expect a return of 10% for Stoc...
A: Amount invested in A (A) = Php 100000 Amount invested in B (B) = Php 300000 A's return (Ra) = 10% B'...
Q: ppreciate
A: Introduction : In simple words, the given question relates to the process of lease.
Q: Your company, which is financed entirely with common equity, plans to manufacture a new product, a ...
A: Ratio is a tool which is used to measure the growth or performance of the company by establishing th...
Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $700;...
A: Ordinary Annuity is a sequence of regular payments made at the end of each period which can be month...
Q: ou are a banker to Livingstone Thompson Limited, a textile manufacturing company. Livingstone Thomps...
A: Internal rate of return is one of the techniques of capital budgeting that take into consideration t...
Q: Encik Azhar deposited RM500 every quarter for five years in an account that paid 3.85% interest comp...
A: Here, Quarterly Deposit is RM 500 Interest Rate (r) is 3.85% Compounding Period (m) is Quarterly i....
Q: What is the interest earned on a P100,000 investment if it is held for 20 years at 4.3% simple inter...
A: Under simple interest, Total interest per year remains the same and there is no concept of interest ...
Q: Spot USDJPY is trading at 113.15 and the 3 month forward points are -22. The exchange rate for the l...
A: Given: Spot USDJPY rate = 113.15 3-month forward points = -22
Q: You are valuing an investment that will pay you $25,000 per year for the first 7 years, $29,000 per ...
A: Annual discount rate is 13% Amount paid for first 7 years is $25,000 Amount paid for next 12 years ...
Q: Bond X is a premium bond making semiannual payments. The bond has a coupon rate of 9.3 percent, a YT...
A: The price of bond will be sum of the present value future coupon payments and the present value of f...
Q: The constant rupee value plan requires a. Investors to fix the expected value of their portfolio ...
A: Introduction : There are generally three types of numerical plans : 1. Constant rupee valuation plan...
Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $700;...
A: Annuity means a set of finite number of payments which are made in equal time intervals and same in ...
Q: A stock's returns have the following distribution: Demand for the Probability of this Rate of Return...
A: The return provided by stock over and above the risk-free return in proportion to the risk taken is ...
Q: Determine the present value of payments of $100 at the end of each month for 20 years. Use a discoun...
A: Monthly payment (P) = $100 Interest rate = 6% Monthly interest rate (r) = 6%/12 = 0.50% Period = 20 ...
Q: A machine has a first cost of PhP 800,000 and a salvage value of PhP 50,000 at the end of its life a...
A: Return means earn additional on invested amount over the period. It shows excess cash inflow over ca...
Q: explain in etail the penalty for failure in furnish a return or statement (section 182) and penalty ...
A: Financial statement fraud is the intentional manipulation of a company's financial statements to dec...
Q: Carl Hightop, a popular basketball player, has been offered a four-year salary deal. He can either a...
A: Option-A - Lump sum Lump sum payment = $4,800,000 Option-B - Quarterly payments Quarterly paymen...
Q: Crystal wants the latest limited edition of Vogue magazine, but she needs to buy What will she most ...
A: The question is based on the concept of wants and needs. Needs are things that you absolutely must h...
Q: Joe paid a full price of $1,059.04 each for 77 bonds. If the flat price of each bond is $1,044.07, i...
A: Here, Full Price is $1,059.04 Flat Price is $1,044.07 No. of Bonds are 77
Q: A corporate expects to receive $34,442 each year for 15 years if a particular project is undertaken....
A: Initial investment (X) = $114290 Annual cash inflow = $34442 Annual expenses = $7570 Depreciation = ...
Q: It is the annual interest investment + annual operation and maintenance + annual depreciation cost.
A: The annual interest investment, annual operation and maintenance and annual depreciation costs are t...
Q: You go to buy a boat and the advertised loan interest rate is 7.72% compounded monthly for 5 years. ...
A: Advertised interest rate = 7.72% monthly compounded
Q: The following information is available to a Zambian trader: i. Percentage spread given for Zambian k...
A: In any currency market, bid price can be defined as the price at which a dealer is willing to pay fo...
Q: What is the value of a stock if: D0 = $3.40 k = 10% g = 6% $ What is the value of this stoc...
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts f...
Q: You are considering either leasing or purchasing a car. You notice an ad that says you can lease the...
A: Lease is a contract between two parties in which one party gives right to use of asset to another pa...
Q: 4- Consider a project of the Pearson Company. The timing and size of the incremental after-tax cash ...
A: NPV Net present value (NPV) is a capital budgeting tool, which helps to decide on whether the given ...
Q: Sumami Ink considers replacing its old machine. The old machine’s current market value is $2 million...
A: Cost of new machine in year 0 is $3,000,000 Book value of old machine = $1,000,000 Market price = $2...
Q: rance company premium cost is $500 and its target loss ratio is 75%. If this company utilizes a tech...
A: The insurance company's expected profit point for your employee benefit plan's extended health and d...
Q: Calculate the future value of an Annuity immediate of Amount $522 paid Annually for 4 year at the ra...
A: An annuity is a plan which gives out fixed payments for a set period of time in exchange for a lump ...
Q: Under the Pure Expectations Theory, if issuers expect interest rates to increase, O Two statements a...
A: The Pure expectancy theory explains the term structure of interest rate. The theory explains that fo...
Q: Using the simple interest formula l= Prt, compute the amount of interest earned on $401.00 at 7.49% ...
A: Investment amount (P) = $401.00 Interest rate (r) = 7.49% Period from Aug 30, 2006 to Dec 28,2006 = ...
Q: Consider a $100 par value bond that has an 8% coupon rate, pays a semi-annual coupon, matures 2 year...
A: Par value = $100 Coupon rate = 8% Semi-annual = 2 times in a year maturity = 2 years Yield = 6%
Q: Today, you invest P 100,000 into a fund that pays 25% interest compounded annually. Three years late...
A: With the time value of money application, we compute the amount at each even of deposit and withdraw...
Q: Estimate how many boxes Amazon uses in a year to ship products to customers Assume the population o...
A: Population growth is a financial concept which helps in the population to grow as per the average gr...
Q: Given the following probability distribution of returns: Probability Return 0.1 -15.0% 0....
A: Probability Return 0.1 -15.00% 0.25 0.00% 0.3 8.50% 0.25 12.00% 0.1 32.00%
Q: Find the rate of markdown and the markdown. Regular Selling Rate of Markdown ? Price Markdown Sale P...
A: Markdown is basically reduction in the initial selling price Markdown = Initial / Original selling p...
Q: The work finance is defined as, except: a. The money management and the process of acquiring neede...
A: We know, the finance manager has the following functions:- I) Financing Decision II) Investing Decis...
Q: A hedge fund charges a management fee of 3 percent and an incentive fee of 25 percent for all return...
A: Hedge funds are actively managed investment pools whose managers employ a variety of tactics, such a...
Q: Nhat is the exact rate of return?
A: MACHINE A PV FACTOR PRESENTVALUE A 0 FIRST COST -8000 8000 ...
Q: A Bond par value sh. 100 coupon rate 7% investment period 10 years a) Determine the value of the ...
A: A bond is represented as a fixed income security in which a borrower takes a loan from the investor ...
Q: Why a cashless society increase more private currency
A: A cashless society is one in which transactions, purchase and sale and other commercial transactions...
Q: If you pay $1,432.40 in taxes, how much would be put toward townships if your state puts $0.03 of ea...
A: Solution:- The revenue of state is through taxes. As per question, the state puts $0.03 of each doll...
Q: The annualized yield on a two-year security is below the annualized one-year interest r The one-year...
A: We can calculate the forward rate for 1 year by taking the 2-year annualized interest rate and 1 yea...
Q: Solve the following word problems with NEAT and COMPLETE SOLUTIONS. Answers should be rounded off to...
A: Annuity means a set of payments which are the same in size and made in equal time gaps for a certain...
Q: 351,009 ,607,837
A: The notion of present value asserts that a sum of money today is worth more than a sum of money in t...
Q: A company has issued $75 million (face value) of bonds with three-years to maturity. They offer an a...
A: (Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...
Q: Find out debtors turnover ratio from the following information for one year ended 31st March 2014. A...
A: Debtors turnover ratio is the measure of finding out the efficiency of the company in collecting the...
- At the end of the year, Wrinkle Free Laundry (WFL) had $150,000 in total assets.
- (a)If WFL’s total assets turnover was 2.0, what were its sales revenues?
- (b)If WFL’s
return on assets was 6 percent, what were its net income and net profit margin?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.At the end of the year, Universal Utilities (UU) had $1.5 million in total assets. Its total assets turnover was 1.4, and its return on assets (ROA) was 7.14 percent. What were UU's sales revenues and net profit margin?Lions Corp's sales last year were $27,000, and its total assets were $16,000. What was its total assets turnover ratio (TATO)?
- X-1 Corp's total assets at the end of last year were $440,000 and its EBIT was $55,000. What was its basic earning power (BEP) ratio?Arshadi Corp.'s sales last year were $52,000, and its total assets were $22,000. What was its total assets turnover ratio (TATO)?The balance sheet of ATLF, Inc. reports total assets of $950,000 and $1,050,000 at the beginning and end of the year, respectively. Net income and sales for the year are $100,000 and $800,000, respectively. What is ATLF's profit margin? Select one: a. 8% b. 15% c. 10% d. 80% e. 12.5%
- Chambliss Corp.'s total assets at the end of last year were $265,000 and its EBIT was 62,500. What was its basic earning power (BEP)? Select the correct answer. a. 22.88% b. 24.28% c. 23.58% d. 24.98% e. 22.18%River Corp's total assets at the end of last year were $405,000 and its net income was $32,750. What was its return on total assets?Last year, Hassan's Madhatter, Inc. had an ROA of 6 percent, a profit margin of 12.80 percent, and sales of $15 million. Calculate Hassan's Madhatter's total assets. (Enter your answer in dollars, rounded to the nearest dollar.) Total assets
- Accordingly, 15% of rent, depreciation, and utility expenses pertain to the sales office while the rest pertains to the corporate office. Questions: How much is the net sales for the year? How much is the cost of sales for the year? How much is the gross profit for the year? How much is the net income for the year? Prepare a statement of comprehensive income. Prepare a financial statement.Rappaport Corp.'s sales last year were $320,000, and its net income after taxes was $23,000. What was its profit margin on sales? A 6.49% B 6.83% C 7.19% D 7.55%Swiss Group reports net income of $34,000 for the year. At the beginning of the year, Swiss Group had $165,000 in assets. By the end of the year, assets had grown to $215,000. What is Swiss Group’s return on assets for the current year? Did Swiss Group perform better or worse than its competitors if competitors average an 13% return on assets?
