Vested, Inc. made some changes in operationsand provided the following information: Year 2 Year 3 Operating revenues USD900,000 USD1,100,000 Operating expenses 650,000 700,000 Operating assets 1,200,000 2,000,000 What percentage represents the return on investment for year 3?
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .Arnold Astor, CPA, is a local tax practitioner who has been asked to sit on the Board of BigLarge Corporation, a multinational issuer. Astor has never had any involvement either as an employee or as an auditor with publicly traded companies but does teach an accounting principles class at the community college. Under the provisions of the Sarbanes-Oxley Act of 2002:
A The audit committee would immediately certify Astor's qualifications as a financial expert based on his CPA license and academic experience with GAAP and experience with internal control. B Astor qualifies as a financial expert based on achievement of a CPA certificate. C Astor must petition the S...
2 .What is the primary disadvantage of using return on investment (ROI) rather than residual income (RI) to evaluate the performance of investment center managers?
A ROI does not necessarily reflect the company's cost of capital. B ROI may lead to rejecting projects that yield positive cash flows. C ROI is a percentage, while RI is a dollar amount. D ROI does not reflect all economic gains.
3 .A taxpayer filed his income tax return after the due date but neglected to file an extension form. The return indicated a tax liability of USD50,000 and taxes withheld of USD45,000. On what amount would the penalties for late filing and late payment be computed?
A USD0 B USD5,000 C USD50,000 D USD45,000
4 .The imputed interest rate used in the residual income approach for performance measurement and evaluation canbest be characterized as the:
A Historical weighted average cost of capital for the company. B Average return on assets employed over a particular time period. C Average return on investment that has been earned by the company over a particular time period. D Average prime lending rate for the year being evaluated.
5 .John R. Fudge is an individual taxpayer in Cut and Shoot, Texas. He has been accused of understating the tax on one of his returns and is concerned about the possibility of imprisonment if he is convicted. The understatement has nothing to do with a tax shelter. Which of the following statements is correct for his situation?
A If John took a reasonable position on his tax return, he is subject to the penalty for understatement of tax but not to the penalty for substantial understatement of tax. B If John relied on the opinion of a reputable accountant or attorney who prepared his return and furnished all relevant inform...
7 .Which of the following statements is correct for the judicial process when a taxpayer and the Internal Revenue Service cannot reach agreement on a tax issue using the administrative appeals process?
A The U.S. Court of Federal Claims has jurisdiction over most claims for money damages against the United States. B The IRS bears the burden of proof in civil tax cases because the IRS can readily afford expensive lawyers and thus should be able to bear a greater burden. C The Supreme Court often he...
8 .Spear Corp. had sales of USD2,000,000, a profit margin of 11%, and assets of USD2,500,000. Spear decided to reduce its debt ratio to 0.40 from 0.50 by selling new common stock and using the proceeds to repay principal on some outstanding long-term debt. After the refinancing, what is Spear's return on equity?
A 5.3% B 22.9% C 14.7% D 3.5%
9 .Which of the following statements is correct regarding an accountant's working papers?
A The client owns the working papers but the accountant has custody of them until the accountant's bill is paid in full. B The accountant owns the working papers and generally may disclose them as the accountant sees fit. C The accountant owns the working papers but generally may not disclose them w...
10 .Foster Inc. is considering implementing a lock-box collection system at a cost of USD80,000 per year. Annual sales are USD90 million, and the lock-box system will reduce collection time by 3 days. If Foster can invest funds at 8 percent, should it use the lock-box system? Assume a 360-day year.
A Yes, producing savings of USD60,000 per year. B No, producing a loss of USD60,000 per year. C No, producing a loss of USD20,000 per year. D No, producing a loss of USD140,000 per year.
