Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Multiple choice quedtions QUESTION 9 VF Corporation is a global apparel and footwear company based in the United States. VF Corporation presented the following information

Multiple choice quedtions
image text in transcribed
image text in transcribed
image text in transcribed
QUESTION 9 VF Corporation is a global apparel and footwear company based in the United States. VF Corporation presented the following information in its consolidated financial statements (S in thousands) For the Year Ended December 30 2017 Net sales $ 11,735,695 Net income 614,923 As of December 30 and December 31, respectively 2017 2016 Total assets $ 9,958,502 $ 9,739,287 Total stockholders' equity 3,719,900 4,940,921 What is VF Corporation's return on stockholders' equity for 2017? (Recall that return on stockholders' equity is calculated as net income divided by average total stockholders' equity) O A.6.2% B.31.7% OC. 16.5% 0.14.2% Click Save and submit to save and submit. Click Save Al Answers to save all answers. Save All Answers Type here to search Question Completion Status: QUESTION 10 Easton Company purchased a machine for $70,000 on January 1, 2020. It was estimated that the machine will have a salvage value of $14,000 at the end of its 5-year useful life and would be used a total of 40,000 hours during this time. If the actual number of machine hours used in 2020 was 4,000 hours and the units of activity method of depreciation is used, what is the amount of depreciation expense recorded in 2020? O A $11.200 O B. $14,000 OC. $5,600 O D.57.000 QUESTION 11 Your parents have established a college savings fund for you by depositing 561,500. If you can withdraw $15,000 annually at the end of each year for 5 years, what approximate rate of interest is being earned on the fund? A. 4.1% OB.7% OC.2.4% OD.22% Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers Close Win Type here to search OC. The contractual interest rate and the market interest rate are the same O D. The contractual interest rate exceeds the market interest rate QUESTION 13 Given the following account balances at year end, how much are total intangible assets on the balance sheet of Alisha Enterprises? Accounts receivable $ 4,000,000 Goodwill $ 4,500,000 Cash 1,500,000 Research & development costs 2,000,000 Equipment 8.500.000 Trademarks 1,000,000 O A. $5,500,000 O B. $9.500.000 OC. $7.500.000 OD. $11,500,000 QUESTION 14 Click Save and Submit to save and submit. Click Save All Answers to save all answers Save ALAN Type here to search

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Managerial Accounting

Authors: Peter C. Garrison, Ray H., Noreen, Eric W., Brewer

12th Edition

0071274227, 978-0071274227

More Books

Students also viewed these Accounting questions

Question

how would you have done things differently?

Answered: 1 week ago

Question

What were the reasons for your conversion or resistance?

Answered: 1 week ago