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zvonat [6]
3 years ago
5

Bountiful Water Services had net income for the month of October of $ 40 comma 400. Assets as of the beginning and end of the mo

nth totaled $ 346 comma 000​, and $ 462 comma 000​, respectively. Calculate Bountiful Water​ Services' ROA for the month of October
Business
1 answer:
ipn [44]3 years ago
4 0

Answer:

The ROA for the month of October was 10%

Explanation:

Return over Assets: It represent the yield of the company base on the resources it has during the period.

Return Over Assets =   Net income / average Assets

<em>were average assets = ( beginning + ending ) / 2</em>

Net income  $40,400

Beginning Assets $346,000

Ending Assets       $462,000

Average Assets     $404,000

ROA =  40,400/404,000  =  10%

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what appears to be the main reason for the success of amish businesses when compared to other u.s. businesses?
marusya05 [52]

Answer:

the Amish use old materials and do most of there work by hand

Explanation:

doing thing by hand is more uniqUE and beautiful then machine work

4 0
3 years ago
. Factors that influence standard of living Which of the following factors played the biggest role in the slow growth of average
Ahat [919]

Answer:

The correct option is slow growth in productivity

Explanation:

The United States experienced slow growth in average income between the 1970s to 1980s, more than three decades after the second World War. However the gap between the highly paid and the low-paid workers have been steadily on the increase. Of all the reasons behind this, the major stand-out reason was the slow growth in productivity experienced in the United States as a result of the recession at that time.

4 0
3 years ago
Minnetonka Company leases an asset. Information regarding the lease:
wariber [46]

Answer: The options are given below:

A. Short term.

B. Operating.

C. Long

D. Finance.

The correct option is D. Finance.

Explanation: A finance lease is the kind of lease in which a finance company is the legal owner of the asset throughout the duration of the lease, while the lessee has both operating control over the asset, and some share of the economic risks and returns from the change in the valuation of the underlying asset.

In a finance lease agreement, ownership of the property is transferred to the lessee at the end of the lease term.

4 0
4 years ago
Read 2 more answers
During a recent fiscal year, creek company reported pretax income of $117,000, a contribution margin ratio of 20% and total cont
Aleonysh [2.5K]

To solve this problem, we use the formula in calculating for the total variable cost (COGS):

Revenue - COGS - SG&A = Pretax profits 

 

where SG & A is calculated as:
SG & A = (Contribution - Prextax income) 
<span>SG & A = ($320,000 - $117,000)
SG & A= $275,000 </span>

 

Calculating for revenue using the margin ratio:
Contribution margin/Revenue = Contribution Margin Ratio 
Revenue = Contribution Margin/Contribution Margin Ratio 
Revenue = $320,000/.20

Revenue = $1.6m 

Going back to the 1st formula:
Revenue - COGS - SG&A = Pretax profits 
1.6m - COGS - 275k = 117k 
COGS = $1.6m - $117k - $275k

<span>COGS = $1.208 million</span>

8 0
3 years ago
In which of the following market structures is a firm the single buyer of labor in its related market? Monopoly Perfect competit
castortr0y [4]

Answer:

MONOPSONY

Explanation:

Monopsony is a labour market form where a firm is a singe buyer of a kind of labour services. Eg : Primary or only supplier of a kind of job in an area. These are at a priviliged position - wage setting power, more bargaining power with labourers (for wages , employment terms & conditions).

Monopoly is a commodity market structure where firm is the only seller of that good/service, with no close substitutes. Eg - Indian Railways. Perfect Competition is a also a commodity market structure with many buyers & sellers selling homogeneous products at uniform prices.

4 0
3 years ago
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