1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SCORPION-xisa [38]
3 years ago
7

A company had $5,000,000 in total revenues for its fiscal year. Its expenses for the year were $3,500,000. Its total assets were

$12,500,000. What is the company's return on assets for the fiscal year ?a. 0.70b. 0.40c. 0.28d. 0.12
Business
1 answer:
mamaluj [8]3 years ago
4 0

Answer:

ROA = 0.12

so correct option is d

Explanation:

Given data:

total revenue = $5,000,000

Expenses = $3,500,000

Total assets = $12,500,000

Rate on assets (ROA) is calculated as

ROA = \frac{Net\ income}{Total\ assets}

Net income = total revenue - expenses

Net income = $5,000,000 - 3,500,000

So,ROA = \frac{1500000}{12500000}

ROA = 0.12

so correct option is d

You might be interested in
gary and felix are partners of a general partnership. gary does two-thirds of the partnership work, while felix does one-third o
zhuklara [117]

Under partnership Felix is entitled to receive $100,000. 1/3 × 300000 = $100000

In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organisations, schools, governments, or combinations of these may be the partners in a partnership.

All partners in a general partnership are equally liable financially and legally. The debts that the partnership incurs are personally liable to the individuals. Equal shares are also given to profits. In a partnership agreement, the mechanics of profit sharing will almost definitely be spelled out in writing.

Organizations may work together to expand their reach and increase the likelihood that each will succeed in reaching their goals. A partnership may solely be controlled by a contract, or it may issue and hold stock.

Learn more about partnership here:

brainly.com/question/9909227

#SPJ4

5 0
10 months ago
Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $600,000 on January 2, 2018. Du
Kisachek [45]

Answer:

The answer is c. $600,000

good luck ❤

7 0
3 years ago
When were merchant banks first established as a service to the public?
shepuryov [24]
Hello,

The answer is option D (or 4) "<span>The 19th century".

Reason:

In the 19th century merchants made there first banks which was put as a service to the public. Banks were made in order people could keep there money somewhere safe besides there homes. Its not option A because the middle age was mainly about power and knights therefore they keep there money in something called a treasure room. Its not option B because the 17th century was when are country was still developing therefore did not have any banks available to the public. Its also not option C because was when the Great War was which was 1819 so therefore the country was still developing.

If you need anymore help feel free to ask me!

Hope this helps!

~Nonportrit</span>
4 0
3 years ago
Alicia has at most $196 to buy a new baseball glove and a new baseball bat. which inequality represents this situation?
madam [21]
<span>Estimate for buy a new globe and buy a new bat   196 $</span>

Let the cost of a new glove = A
Let the cost of a new bat = B

Using these variables, 
inequality will be
(A + B) <span><</span><span> 196 $</span>
6 0
3 years ago
Which pricing objective de-emphasizes price and can lead to a climate of nonprice competition in an industry?
d1i1m1o1n [39]

Status quo pricing objective de-emphasizes price and can lead to a climate of nonprice competition in an industry. Status quo—seeks to maintain a consistent level of profit made from a certain product by keeping your product pricing comparable to those of the same or similar items sold by your competitors in order to avoid beginning a price war.

The soft drink industry is an often used illustration of status quo pricing. Be it a Pepsi or a Coca-Cola product, the cost of a bottle of soda tends to be quite constant. Coca-Cola and Pepsi often represent the status quo in terms of pricing.

To learn more about quo pricing, click here.

brainly.com/question/15064402

#SPJ4

7 0
1 year ago
Other questions:
  • _____ encourage employees to behave in a socially responsible manner.
    7·1 answer
  • 1. Do you believe E-sports will continue to grow in the future? Why or why not?
    5·2 answers
  • Sharon is thinking about opening a bakery. She knows she wants to set her own hours, reduce her stress and make a profit. But sh
    9·2 answers
  • Firm X is producing 1000 units, selling them at $15 each. Variable costs are $3 per unit and the firm is making an accounting pr
    10·1 answer
  • Castle State Bank has the following financial information.
    8·1 answer
  • Your company has sales of $ 93,600 this year and cost of goods sold of $ 64,700. You forecast sales to increase to $ 117, 400 ne
    7·1 answer
  • Buckeye Incorporated has operating income of $ 434,000​, a sales margin of 7​%, and a capital turnover rate of 2. What amount wo
    7·1 answer
  • Golding Bank provided the following data about its resources and activities for its checking account process: Resources Activiti
    6·1 answer
  • What would be one duty of a network administrator
    14·2 answers
  • Write a letter to invite your friend to your birthday party in french​
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!