Consider a business that has generated $200 from sales to customers. Also after all of the expenses

Fantastic news! We've Found the answer you've been seeking!

Question:

Consider a business that has generated $200 from sales to customers. Also after all of the expenses and taxes, the amount left over representing the profit for the year is $16. The business has an 8% return on?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: Feb 23, 2024 10:53 PM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
A client of Park Street's expected a delivery of samples for an event on Friday evening. The order was setup correctly by Park Street, however the vendor that was hired to pick up and deliver the...
Red Toy Company reported the following comparative balance sheet: Requirements 1. Compute the collections from customers during 2018 for Red Toy Company. Sales Revenue totaled $134,000. 2. Compute...
The weights of newborn babies in Foxboro Hospital are normally distributed with a mean of 6.9 pounds and a standard deviation of 1.2 pounds. (a) How unusual is a baby weighing 8.0 pounds or more? (b)...
Use the implicit finite difference method to solve the heat conduction problem on the unit square: \[\begin{aligned}& \frac{\partial^{2} u}{\partial x^{2}}=\frac{\partial u}{\partial t} \\& u(x, 0)=x...
Amigos Burrito Inc. sells franchises to independent operators throughout the northwestern part of the United States. The contract with the franchisee includes the following provisions. 1. The...
Maslow's hierarchy of needs provide a useful framework for understanding how and why local products and brands can be extended beyond home-country borders. How can Maslow's needs hierarchy be used in...
1. Respond to Shayne's criticism that shareholders' equity does not represent the market value of the company. What information does the statement of financial position provide? 2. The usefulness of...
In criminal law, the state takes action against an individual who has committed an act so unacceptable that all of society is offended by it. Theft and assault are examples of crimes that harm all of...
Makeit Laboratories in New Jersey shipped one of its prescription drugs to a wholesaler in Sacramento, California, which sold it to a pharmacy in Stockton, California. The pharmacy in Stockton sold...
Frances Morelli agreed to sell Judith Bucklin a house in Rhode Island for $177,000. The sale was supposed to be closed by September 1. The contract included a provision that if Seller is unable to...
Take the example of Silas depositing his $1,000 in cash into First Street Bank and assume that the required reserve ratio is 10%. But now assume that each time someone receives a bank loan, he or she...
The state has a law mandating that pharmacists must counsel patients in certain circumstances. Your pharmacy is simply too busy to provide counseling personally and keep up with the volume; so, being...
Consider 200 people with a disease. Which of the following possibilities are identical? I). Of the 200 people, 160 will be cured and the rest will die. II). There is a 40% probability of death and...
Software Solution is family-owned business that has been in operation for more than 15 year. The board of directors is comprised of mainly family members, plus a few professionals such as an...
Jerry made the following contributions during 2012: His synagogue (by check).....................................................$680 The Democratic Party (by check)...
Leslie is a single taxpayer who is under age 65 and in good health. For 2012, she has a salary of $23,000 and itemized deductions of $1,000. Leslie is entitled to one exemption on her tax return. a....
Ulysses and Penelope are married and file separate returns for 2012. Penelope itemizes her deductions on her return. Ulysses' adjusted gross income was $17,400, his itemized deductions were $2,250,...
A construction contract differs from contracts that we generally deal with that focus on an easily defined physical object because the physical object can be examined. How is the object of a...
What does the owner contribute to the project and what does the contractor contribute to the project?
For what type of project is a line-of-balance schedule particularly suited? Identify specific examples.

Consider a business that has generated $200 from sales to customers. Also after all of the expenses

Question:

Expert Answer:

To calculate the return on investment ROI for the busines... View the full answer

Income Tax Fundamentals 2013

Students also viewed these finance questions