Financial data for Joel de Paris, Inc., for last year follow:
Joel de Paris, Inc.
Balance Sheet
Beginning Ending
Balance Balance
Assets
Cash . 140,000 120,000
Accounts receivable . 450,000 530,000
Inventory . 320,000 380,000
Plant and equipment, net . 680,000 620,000
Investment in Buisson, SA . 250,000 280,000
Land (undeveloped) . 180,000 170,000
Total assets . 2,020,000 2,100,000
Joel de Paris, Inc.
Income Statement
Sales .
Operating expenses .
Net operating income .
Interest and taxes:
Interest expense .
Tax expense .
Net income : .
$4,050,000
3,645,000
405,000
$150,000
110,000 260,000
$ 145,000
The company paid dividends of $15,000 last year. The "Investment in Buisson, S. A.," on the balance sheet represents an investment in the stock of another company.
Required:
l. Compute the company's margin, turnover, and return on investment (ROI) for last year.
2. The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 15%. What was the company's residual income last year?

Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?

Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct

Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker