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Lina20 [59]
2 years ago
9

Barber and Atkins are partners in an accounting firm and share net income and loss equally. Barber's beginning partnership capit

al balance for the current year is $285,000, and Atkins's beginning partnership capital balance for the current year is $370,000. The partnership had net income of $250,000 for the year. Barber withdrew $90,000 during the year and Atkins withdrew $100,000. What is Barber's return on equity?
Business
1 answer:
Tatiana [17]2 years ago
5 0

Answer:

Barber's Return on Equity (ROE) is 1.28%

Explanation:

The formula to compute the ROE of Barber is:

ROE = Net Income / Shareholder's Equity

        = $250,000 / $195,000

        = 1.28%

It is a measure of the profitability ratio which evaluates the firm ability for generating profits from investment of shareholders.

Working Note:

Shareholder Equity of Barber = Beginning capital - Withdrew amount

                                                 = $285,000 - $90,000

                                                 = $195,000

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A major liquor store finds that it sells an average of 100 bottles a week of regular 750 ml bottles of Jameson Irish Whiskey. As
Semmy [17]

Answer:

  • 0.04 year
  • 200 bottles
  • 100 bottles
  • 250
  • 200

Explanation:

A)  The current order cycle length = 2 weeks

= 2 / 50 year = 0.04 year

B) The current order size

cycle time ( 2 weeks ) * demand per unit time ( 100 bottles )

= 2 * 100 bottles = 200 bottles

C) average inventory

= order size / 2 weeks = 200 / 2 = 100 bottles

D) calculate how much the liquor store spend per year on ordering

first we calculate the number of orders per year = 50 / 2 = 25

next the amount spent per year on ordering = 25 * 10 = 250

E) calculate  inventory holding costs per year

= average inventory * cost of holding per bottle

= 100 * 2 = 200

7 0
1 year ago
Byrd Company decided to analyze certain costs for June of the current year. Units started into production equaled 14,000 and end
Molodets [167]

Answer: Option (C) is correct.

Explanation:

Units Started into the production = 14,000 Units

Ending work in process = 2,000 units

Transferred Units = Units in the starting - Ending work in process

                              = 14,000 units - 2,000 Units

                              = 12,000 Units

Equivalent units = Transferred units + Ending work in process in units × % of Completion

                            = 12,000 Units + 2,000 Units × 25% complete

                           = 12,000 + 2,000 × 0.25

                           = 12,000 units + 500 units

                            = 12,500 units

Total Conversion cost = $52,500

Conversion\ cost\ per\ Equivalent\ unit=\frac{Total\ Conversion\ cost}{Equivalent\ Units}

Conversion\ cost\ per\ Equivalent\ unit=\frac{52,500}{12,500}                                                          

                                                                        = $4.2

5 0
2 years ago
Dottie Beauchamp recently was hired by PetSmart to help recruit, select, and train new employees to work in its stores. Beaucham
WINSTONCH [101]

Answer:

option A

Explanation:

Human resource administration refers to the the systematic approach to managing people effectively within a company or industry so they can help their business gain an edge. It is intended to increase the efficiency of workers in relation to the strategic goals of an enterprise.

HR practitioners monitor an organisation's human resources, and concentrate on strategies and procedures being implemented. Such managers specialize in discovering, hiring, education and workforce growth as well as retaining employee relationships or rewards. Specialists in skills training assure that workers are educated and also have sustained growth.

7 0
2 years ago
Jorge Cabrera paid $980 for a 15-year bond 10 years ago. The bond pays a coupon of 10 percent semiannually. Today, the bond is p
Setler79 [48]

Answer:

10.64%

Explanation:

For computing the realized yield, we applied the RATE formula i.e to be shown in the attachment below:

Given that,  

Present value = $980

Future value or Face value = $1,054.36  

PMT = 1,000 × 10% ÷ 2 = $50

NPER = 10 years × 2 = 20 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

After applying the formula, the realized yield is

= 5.32% × 2

= 10.64%

5 0
1 year ago
Gary feels the career plan that would make him the happiest involves a job that will allow him to retire early. This means he wo
Virty [35]

<em>The statement above means that Gary must be one of the professions he has been looking for in CareerOneStop. </em>

<h2>Further explanation </h2>

When someone decides to have a career in a field, he must master that field in order to do well. Up to a higher level, someone can be said to be an expert if he has mastered the field of a career/job.

Areas of work include:

  • Government
  • Health
  • Education
  • The economy
  • Military
  • Trading
  • Politics, etc.

Conclusion

Gary must be one of the experts mentioned above so he can get money in a shorter time.

Learn More

  1. about work/career brainly.com/question/9697517
  2. about the types of work brainly.com/question/12183138

Details

Class: High School

Subject: Business

Keywords: Career, Job, Profession, Field Expert

4 0
2 years ago
Read 2 more answers
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