Asset A was purchased six months ago for $25,000 and has generated $1,500 cash flow during that period. What is the asset's rate of return if it can be sold for $26,750 today?
What will be an ideal response?
Realized return = = 13%
Annual rate of return = 13% × 2 = 26%
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If receipts from cash sales of $7,500 were recorded incorrectly as $5,700 in the company's books, then this item would be included on the bank reconciliation as a(n)
a. deduction from the balance per company's records b. addition to the balance per bank statement c. deduction from the balance per bank statement d. addition to the balance per company's records
Quality circles, gainsharing programs, and other types of joint labor-management committees focus largely on changing the way work has been organized under scientific management principles.
Answer the following statement true (T) or false (F)
Factors that increase an individual's opportunity to commit fraud within an organization include:
a. access to information. b. lack of an audit trail. c. ability to judge performance or quality. d. controls to prevent or detect fraud. e. All of the choices are factors that increase an individual's opportunity to commit fraud. f. None of the choices are factors that increase an individual's opportunity to commit fraud.
The Government in the Sunshine Act covers all but which of the following agencies?
a. Consumer Product Safety Commission. b. Commodity Futures Trading Commission. c. Environmental Protection Agency. d. Securities and Exchange Commission.