Question: Database systems is considering expansion into a new product line Assets to sell for expansion was $380,000 it is estimated that database can generate 1,410,000

Database systems is considering expansion into a new product line Assets to sell for expansion was $380,000 it is estimated that database can generate 1,410,000 in annual sales with an 8 percent profit margin. What would net income in return on assets before the year?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

database systems is considering expansion into a new product line. assets to Database Systems is considering expansion into a new product line Assets to support expansion will cost $300,000. with an...

complete the problems using excel formula P.1: Profitability ratios (L02) Low Carb Diet Supplement Inc, has two divisions. Division A has a profit of $156,000 on sales of $2,010,000, Division B is...

Low Carb Diet Supplement, Inc., has two divisions. Division A has a profit of $306,000 on sales of $2,410,000. Division B is able to make only $28,700 on sales of $354,000. a. Compute the profit...

please answer number two and number four. thank you. 78 Part 2 Fisancial Analysis and Planning Fixed charges Lease payments Interest S40.000 +$30,000-S70.000 $280,000 Fixed charge coverage70,000...

Low Carb Diet supplement Inc. has two divisions. Division A has a profit of exist156,000 on sales of exist2, 010,000. Division B is only able to make exist28, 800 on sales of exist329,000. Based on...

1. Use the following information for the problems (assume the tax rate is 34 percent): 2017 2018 Sales $9,402 $10,091 Depreciation 1,3 50 1,351 Cost of goods sold 3,235 3,672 Selling, general, and...

2. value: 2.77 points Database Systems is considering expansion into a new product line. Assets to support expansion will cost $580,000. It is estimated that Database Systems can generate $1,640,000...

1. Profitability ratios (L03-2 @) Low Carb Diet Supplement Inc. has two divisions. Division A has a profit of $156,000 on sales of $2,010,000. Division B is able to make only $28,800 on sales of...

Low Carb Diet Supplement Inc. has two divisions. Division A has a profit of $170,000 on sales of $2,910,000. Division B is able to make only $25,200 on sales of $312,000. a. Compute the profit...

Low Carb Diet Supplement Inc. has two divisions. Division A has a profit of $291,000 on sales of $2,930,000. Division B is able to make only $32,900 on sales of $370,000. a. Compute the profit...

The ability of an agency to utilize its technical knowledge and expertise to address serious issues is highlighted by examining a recent historical environmental crisis: acid rain. Acid rain was once...

Based on the information you have, draft a stakeholder map of this case? What conclusions can you draw from the stakeholder map?

SColAlg 8 4 . 5 . 0 9 1 . How long ( in years ) will it take for an investment of $ 3 , 0 0 0 to double in value if the interest rate is 7 . 5 % per year, compounded continuously? ( Round your answer...

The cash data of Donald Automotive for January 2010 follow: Donald received the following bank statement on January 31, 2010: Additional data for the bank reconciliation include the following: a. The...

Show the impact on the Federal Reserves balance sheet of a foreign-exchange market intervention where the Fed sells $1,000 worth of foreign exchange reserves. Explain what impact, if any, the...

Five Star Tools is a small family-owned firm that manufactures diamond-coated cutting tools (chisels and saws) used by jewelers. Production involves three major processes. First, steel blanks (tools...

On July 1, 2018, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for consideration of $720,000 in cash and equity securities. The remaining 30 percent of Atlanta's shares...

Prepare general journal entries to record the following transactions in Menefee Citys General Ledger and make adjusting entries, if needed: 1. Menefee City levied property taxes of $12,000,000 for...

Tori and some other childeen experimented with balls to see which ones rolled. First using a piece of cardboard to use as a ramp, they angled it on a block to the floor to test the balls. Then Tori...

Has Haslett ove~ooked any argument in favor of inheri tance? Would abolishing Inheritance violate anyone's moral rights?

Explain and assess Haslett's argument that abolishing inheritance would not violate capitalism's commitment to freedom in the narrow sense and that it would actually enhance people's freedom in the...

Do you agree that Inheritance violates the principle of equality of opportunity and that abolishing It would promote productivity and a disllibutlon of income that is fairer even by capitalist...