Last year Vaughn Corp. had sales of $315,000 and a net income of $17,832, and its year-end assets were $210,000. The firm's total-debt-to-total-assets ratio was 42.5%. Based on the DuPont equation, what was Vaughn's ROE?
A. 14.77%
B. 15.51%
C. 16.28%
D. 17.10%
E. 17.95%
Answer: A
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Gargiulo Company, a 90% owned subsidiary of Posito Corporation, transfers inventory to Posito at a 25% gross profit rate. The following data are available pertaining specifically to Posito's intra-entity purchases from Gargiulo. Gargiulo was acquired on January 1, 2017. 201720182019Purchases by Posito$8,000 $12,000 $15,000 Ending inventory on Posito's books 1,200 4,000 3,000 ??Assume the equity method is used. The following data are available pertaining to Gargiulo's income and dividends.? 201720182019Gargiulo's net income$70,000 $85,000 $94,000 Dividends paid by Gargiulo 10,000 10,000 15,000 ?For consolidation purposes, what amount would be debited to cost of goods sold for the 2019 consolidation worksheet with regard to the unrecognized intra-entity
gross profit remaining in ending inventory with respect to the 2019 intra-entity transfer of merchandise? A. $3,760. B. $600. C. $750. D. $675. E. $3,000.
In the CAPM, the only source of systematic risk is
A. changes in government policy. B. changes in inflation rates. C. fluctuations in the foreign exchange rate. D. overall movement of the stock model.
As a(n) ________, BurgerJacks, a fast food chain selling low-price burgers, has differentiated on location by setting up base in the Middle East, a market which the current leader of the industry McDonalds has yet not exploited
A) cloner B) imitator C) counterfeiter D) adapter E) innovator
Describe the different types of performance appraisals. Which is least valid, and why?
What will be an ideal response?