Answer:
The total assets is $52,100
Explanation:
Total Assets : The total assets is a sum of all current assets and fixed assets. The current assets is that type of asset which is liquidate under one year whereas the fixed assets, the time period is more than one year.
The example of current assets is cash, accounts receivable, stock,etc whereas the fixed assets includes plant and machinery, furniture $ fixtures, equipment, etc.
So the fixed assets is = Accounts Receivable + Cash + Equipment
= $10,000 + $25,300 + $16,800
= $52,100
The accounts which are given in the question are related to liabilities account and expenses account.
Thus, the total assets is $52,100
Answer:
Return on investment= 87.87
%
Explanation:
Dollar return on investment is the sum of the capital gains and the dividend received all expressed as a percentage of the cost of the investment.
Total cost = 250×104.32=26,080
Total capital gain = (193.65- 104.32)× 250 = 22,332.5
Dividend = $2.34 per share×250 = 585
Dollar return on Investment = (585
+22,332.5)
/26080
× 100
= 87.87
%
Answer: The actual cost of materials was less than the standard cost
Explanation:
Net materials cost variance = Favorable materials price variance + Favorable materials quantity variance
= 380 + (-120 unfavorable)
= 380 - 120
= $260 favorable
<em>As the materials cost variance is favorable, it means that the actual cost of materials was less than what was budgeted for it or rather its standard cost. </em>
