You are the owner and only employee of a company that sets odds for sporting events....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You are the owner and only employee of a company that sets odds for sporting events. Last year you earned a total revenue of $100,000. Your costs for rent and supplies were $50,000. To start this business you invested an amount of your own capital that could pay you a return of $20,000 a year. O $20,000. O $40,000. O $60,000. O $100,000. A yearly normal return for your company is You are the owner and only employee of a company that sets odds for sporting events. Last year you earned a total revenue of $100,000. Your costs for rent and supplies were $50,000. To start this business you invested an amount of your own capital that could pay you a return of $20,000 a year. O $20,000. O $40,000. O $60,000. O $100,000. A yearly normal return for your company is
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below SOLUTION To determine the yearly normal ... View the full answer
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date:
Students also viewed these general management questions
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
The derivative of f(x,y) at Po(1.2) in the direction of 7+is 2/2 and in the direction of -21 it is -3 What is the derivative of f in the direction of -1-21?
-
Solve. 1. Find the quotient of 94 and 7. 2. Find 116 divided by 32. 3. Find the quotient of 78 and 5.
-
Headstrong Hardware lost most of its inventory in an electrical fire that destroyed the companys warehouse and retail store in 2024. Fortunately, the accounting records were backed up on the owners...
-
Electron 1 , initially traveling to the right at \(1.5 \times 10^{6} \mathrm{~m} / \mathrm{s}\), is accelerated upward at \(900 \mathrm{~m} / \mathrm{s}^{2}\) by the electromagnetic force exerted by...
-
Piedmont Company segments its business into two regionsNorth and South. The company pre-pared the contribution format segmented income statement shown below: Required: 1. Compute the companywide...
-
11 12 13 14 Height of a plant is regulated by: a) DNA which is directly influenced by growth hormone. b) Genes which regulate the proteins directly. Growth hormones under the influence of the enzymes...
-
On December 31, Year 4, RAV Company purchased 60% of the outstanding common shares of ENS Company for $1,260,000. On that date, ENS had common shares of $500,000 and retained earnings of $130,000. In...
-
1.An issue that will always be of interest to those that manage criminal justice organizations is one of continual hiring. There is always a certain amount of personnel that leave an organization...
-
Refer to the following selected financial inforrmayion from helpful hardware. Compute the companys days sales in inventory for Year 2 . Merchandise inventory year 2 3 2 7 , 6 0 0 year 1 2 5 3 , 5 0 0...
-
An investor has decided to model PPB ple shares using the lognormal model. Using historical data, she has estimated the drift and volatility parameters to be 6% and 25% respectively. PPB's current...
-
Find the Integrak of the following function x(x+5) dx
-
Based on the Ted Talk in the Nudge lecture, what is hedonic decline? To promote healthy eating, we can provide a menu with information about calories and fat OR a sensory menu that describes all the...
-
Refer to the following selected financial information from Troy manufacturing. compute the companys working capital current assets 3 0 6 4 5 0 plant assets 3 8 , 0 0 0 current liabilities 1 0 7 8 0 0...
-
Andrew Porchini is a South African resident who is married to Emma. Emma recently gave birth to their first child Andy in September 2020. Andrew is employed by Benni (Pty) Ltd who grows, processes,...
-
Explain the differences and similarities between fringe benefits and salary as forms of compensation.
-
=> Prepare a 15-minute oral presentation on the history of charts of accounts, with particular reference to the French chart of accounts (dating from 1942). => Prepare a 15-minute oral presentation...
-
The Smetana Company has a commercial activity in the beauty products and cosmetics sector. Required 1. With the help of the balance sheet, income statement, and additional information (see Assignment...
-
Corelli Company provides below a listing (in alphabetical order) of all the accounts it uses (far left column). For each line you are provided five choices of families of accounts to which the...
-
Genevieve and William Timmons began their tenancy of a ground-floor apartment at Cobblestone Square in September 2011. Kingsley-Johnston, Inc., is a property management company responsible for...
-
Cress Trust owns houses in Marion County, for whom Rainbow Realty Group, Inc., sells, rents, and manages. The same person serves as Rainbows president and Cresss corporate trustee. Cress offers four...
-
Linda Miller rented 35 acres of pastureland in Wabaunsee County, Kansas, from William Burnett for $1,000 per year. Miller and her husband used the land to grow and harvest brome grass for their...
Study smarter with the SolutionInn App