Question
1. Please keep using the same information (that was provided in the previous questions) to answer the question below. Date DJIA (imaginary index) 1. Oct.
1. Please keep using the same information (that was provided in the previous questions) to answer the question below.
Date DJIA (imaginary index)
1. Oct. 12, 2015 11,000
2. Oct. 10, 2016 11,100
3. Oct. 16, 2017 13,300
4. Oct. 14, 2018 15,000
5. Oct. 07, 2019 16,500
6. Oct. 03, 2020 26,500
Determine the growth rate (in %) of the DJIA during the entire period (from Oct. 12, 2015 to Oct. 3, 2020). Please round your answer to the first decimal in percentage (as in ##.#%). Please do not put "%" in your answer. Just put the number as requested. For example, if your answer is 10%, provide your answer as 10.0.
2. Below are two years business records of the HMG Corp. According to the given information, please answer the following question.
Income Statement
HFT Corp.
During the year of 2XX1 2XX2
Sales $1,200,000 $1,500,000
Cost of Sales $ 360,000 $ 480,000
Gross Profit $ 840,000 $1,020,000
Payroll Exp. $ 300,000 $ 375,000
Gen. & Admin. $ 120,000 $ 150,000
Other Exp. $ 240,000 $ 300,000
(including Taxes)
Net Income $ 180,000 $ 195,000
=====================================
Balance Sheet
On Dec. 31 of 2xx1 2xx2
Total Assets $700,000 $800,000
Curr. Liabilities $50,000 $60,000
L/T Liabilities $150,000 $240,000
Owners' Equity $500,000 $500,000
What is the amount of the resources the company had when it started its operations in 2XX2? Follow the same format in your answer - no "$" or ","; just the number.
3, Keep using the same set of information to answer the question below.
Income Statement
HFT Corp.
During the year of 2XX1 2XX2
Sales $1,200,000 $1,500,000
Cost of Sales $ 360,000 $ 480,000
Gross Profit $ 840,000 $1,020,000
Payroll Exp. $ 300,000 $ 375,000
Gen. & Admin. $ 120,000 $ 150,000
Other Exp. $ 240,000 $ 300,000
(including Taxes)
Net Income $ 180,000 $ 195,000
=====================================
Balance Sheet
On Dec. 31 of 2xx1 2xx2
Total Assets $700,000 $800,000
Curr. Liabilities $50,000 $60,000
L/T Liabilities $150,000 $240,000
Owners' Equity $500,000 $500,000
Determine the company's ROI in the 2xx2. Your answer should be in percentage (%). Round it to the first decimal. FYI, if your answer is 30%, provide "30.0" for your answer.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Intermediate Accounting Volume 2
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
8th Edition
1260881245, 9781260881240
