Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 28, 2024

Espinosa Corporation had $1,100,000 in invested assets, sales of $1,210,000, income form operations amounting to $242,000, ands a desired minimum rate of return of 15%,.

Espinosa Corporation had $1,100,000 in invested assets, sales of $1,210,000, income form operations amounting to $242,000, ands a desired minimum rate of return of 15%,. What is the rate of return on investment for Espinosa.

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

Recommended Textbook for

Intermediate Accounting

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

10th Edition

324300980, 978-0324300987

More Books

Students also viewed these Accounting questions

Question

★★★★★

List the advantages and disadvantages of random sampling.

Answered: 1 week ago

Question

★★★★★

What do the following abbreviations mean? (a) I/O (b) CPU (c) RAM (d) GHz (e) MB.

Answered: 1 week ago

Question

★★★★★

6. Which of the following are short-run and which are long-run adjustments? LO3 a. Wendys builds a new restaurant. b. IBM hires 200 more software engineers. c. A farmer increases the amount of...

Answered: 1 week ago

Question

★★★★★

Castillo Products Company, described in Problem 7, improved its operations from a net loss in 2009 to a net profit in 2010. While the founders, Cindy and Rob Castillo, are happy about these...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

SQL help 2 Exec cio SQL - Parte 2 A tabela PAYMENTS cont m informa es sobre pagamentos feitos na plataforma comprotudo.com; Dado o seguinte esquema, obtenha: A data do primeiro e do tlimo pagamento...

Answered: 1 week ago

Question

★★★★★

The following function gives the cost, in dollars, of producing a kilograms of fertilizer: C(x)=0.001x- 0.14x + 7x + 160 What is the instantaneous rate of change of the cost when 50 kilograms are...

Answered: 1 week ago

Question

★★★★★

Show C code for below. Task: Write a program than calculates the square root of a positive number entered by the user Instructions: Write a main module (fileMain.c) that prompts the user for a value...

Answered: 1 week ago

Question

★★★★★

The comp set average for occupancy rate was 80%. Hotel A's occupancy rate was 75%. What is Hotel A's occupancy index? 102.54 98.75 93.75 100

Answered: 1 week ago

Question

★★★★★

describe why gland packing should have some small amount of leakage and may also require external cooling

Answered: 1 week ago

Question

★★★★★

In the Deacon process for the manufacture of C12, a dry mixture of HCl and air is passed over a heated catalyst that promotes the oxidation of HCl to Cl2. The Deacon process can be reversed and HCl...

Answered: 1 week ago

Question

★★★★★

8. At your job, what kind of information do you typically need to act on? What type of information do you need to refer to others? Could you begin to refer more things to others, rather than acting...

Answered: 1 week ago

Question

★★★★★

6. How effectively do you manage phone time? Do you always answer your phone when it rings? Do you often find that you spend more time on the phone than you realized?

Answered: 1 week ago

Question

★★★★★

7. Do you turn off your email and phone when you need to concentrate on a major project? Do you forward your phone and turn off your cell phone when you are meeting with other people?

Answered: 1 week ago

Previous Question Next Question