Database Systems is considering expansion into a new product line. Assets to support expansion will cost $380,000. It is estimated that Database can generate $1,390,000 in annual sales, with an 6 percent profit margin.
Required:
What would net income and return on assets(investment) be for the year?
Answers: 2
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When patey pontoons issued 4% bonds on january 1, 2018, with a face amount of $660,000, the market yield for bonds of similar risk and maturity was 5%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31?
Answers: 1
Database Systems is considering expansion into a new product line. Assets to support expansion will...
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