Given the following adjusted trial balance:
debit credit
cash $931
accounts receivable 1175
inventory 1749
prepaid rent 48
equipment
170
accumulated depreciation-equipment
$29
accounts payable 46
unearned service revenue
68
common stock 120
retained earnings 3700
service revenue 206
interest revenue 31
salaries and wages expense
90
travel expense 37
total $4200 $4200
after closing entries have been posted, the balance in retained earnings will be:

If we know that a firm has a net profit margin of 4.6 %, total asset turnover of 0.62, and a financial leverage multiplier of 1.54, what is its roe? what is the advantage to using the dupont system to calculate roe over the direct calculation of earnings available for common stockholders divided by common stock equity?

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

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is