The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year 2 Year 1 Total current assets $626,744 $563,542 Total investments 67,619 45,082 Total property, plant, and equipment 888,650 693,459 Total current liabilities 117,204 88,556 Total long-term liabilities 276,894 244,567 Preferred 9% stock, $100 par 82,603 82,603 Common stock, $10 par 506,244 506,244 Paid-in capital in excess of par-common stock 64,462 64,462 Retained earnings 535,606 315,651 Using the balance sheets for Kellman Company, if net income is $117,776 and interest expense is $41,206 for Year 2, what is the return on total assets for the year (round percent to two decimal points)?

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue. accounts receivable and crediting interest revenue. notes receivable and crediting accounts receivable and interest revenue. notes receivable and crediting accounts receivable.

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.