Business, 27.11.2019 00:31, FailingstudentXD
Rooney corporation’s balance sheet indicates that the company has $630,000 invested in operating assets. during 2018, rooney earned operating income of $79,380 on $1,260,000 of sales. required compute rooney’s profit margin for 2018. compute rooney’s turnover for 2018. compute rooney’s return on investment for 2018. recompute rooney’s roi under each of the following independent assumptions: (1) sales increase from $1,260,000 to $1,512,000, thereby resulting in an increase in operating income from $79,380 to $90,720. (2) sales remain constant, but rooney reduces expenses, resulting in an increase in operating income from $79,380 to $81,900. (3) rooney is able to reduce its invested capital from $630,000 to $504,000 without affecting operating income.\
Answers: 3
Business, 22.06.2019 15:20, babyduck0664
Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."
Answers: 3
Business, 23.06.2019 06:10, lilymoniquesalaiz
Which of the following functions finds the highest value of selected inputs? a. high b. hvalue c. max
Answers: 3
Business, 23.06.2019 11:30, salvadorjr1226p4zkp3
3. why would the sale of counterfeit products through its sites be damaging to alibaba?
Answers: 2
Rooney corporation’s balance sheet indicates that the company has $630,000 invested in operating ass...
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