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
bixtya [17]
3 years ago
13

Matured Water Services had net income for the month of October of $ 35 comma 000. Assets as of the beginning and end of the mont

h totaled $ 374 comma 000​, and $ 326 comma 000​, respectively. Calculate Matured Water​ Services' ROA for the month of October.
Business
1 answer:
dimaraw [331]3 years ago
6 0

Answer:

ROA = 10%

Explanation:

Net Income October: $35,000

Assets Beginning October: $374,000

Assets Ending October: $326,000

Average Total Assets: ($374,000 + $326,000)/2= $350,000

Return on Assets (ROA) = Net Income for the Period / Average Total Assets for the Period

ROA: $35,000 / $350,000 = 10%

You might be interested in
Backflush costing is a costing method that: Charges current production costs directly to finished goods inventory. Charges curre
pychu [463]

Answer:

Charges current production cost directly to work-in-process inventory

Explanation:

The blackflush costing is the costing method in which the present cost of production would be charged to the work in process inventory in a direct way

Therefore as per the given situation the second option is correct

ANd, the rest of the options are wrong as it does not meet the criteria

So the second option would be taken into consideration

7 0
3 years ago
The county government has decided to redo the street you live on and plans to block the street off which causes you and your nei
Anastaziya [24]

Answer:

Path A-F-G-H is the critical path

Explanation:

Path A-F-G-H is the longest path on the network with length of 30  days. A path with the longest length is the critical path.

8 0
3 years ago
Cost of Goods Sold account is debited and Finished Goods Inventory is credited for A) purchase of goods on account. B) the sale
Firlakuza [10]

Answer:

B) the sale of goods to a customer.

Explanation:

When goods are sold to a customer, the cost of goods sold account is debited by the same value that the finished goods inventory is credited.

For example, suppose a company sells $1,000 worth of goods to a customer, and the sales price is $1,200. The customer pays by cash the full value of the goods. The journal entry would be:

Account                                    Debit           Credit

Cash                                         $1,200

Sales Revenue                                             $1,200

Cost of Goods Sold                $1,000

Finished Goods Inventory                           $1,000

7 0
3 years ago
Becoming aware of the techniques used in media to get your attention and to influence your decisions allows you to
Vladimir79 [104]
I think its b, yeah it is
7 0
3 years ago
produces decorative mailboxes. The​ company's average cost per unit is $ 23.43 when it produces 1 comma 400 mailboxes. Requireme
lianna [129]

Answer:

1) The total cost of production (TC) is $32,802.

2) The variable cost per unit is $9/unit.

3) Cost equation: TC(Q)=20,200+9Q

4) TC=$35,145

5) TC=$33,702

6) Difference=$1,443

The appropiate approach is using the cost function, because its differentiates the cost that are fixed and not dependant of the volume of production, and the variable cost, that are proportional to the quantity produced.

Explanation:

1) The total cost of production can be calculated as the product of the cost per unit ($23.43/unit) and the total ammount of units (1,400 units):

TC=c*Q=23.43*1,400=32,802

The total cost of production (TC) is $32,802.

2) The fixed cost (FC) are $20,202, so the variable cost are:

VC=TC-FC=32,802-20,202=12,600

This is the variable cost for 1,400 mailboxes, so the unit variable cost is:

vc=VC/Q=12,600/1,400=9

The variable cost per unit is $9/unit.

3) The equation of cost can be written as:

TC(Q)=20,200+9Q

4) If it uses the average cost tot predict the cost of 1,500 mailboxes, he will get:

TC=23.43*1,500=35,145

5) If he uses the cost function, he will get

TC=20,202+9*1500=20,202+13,500=33,702

6) The dollar difference between the two estimates is:

TC_4-TC_5=35,145-33,702=1,443

The appropiate approach is using the cost function, because its differentiates the cost that are fixed and not dependant of the volume of production, and the variable cost, that are proportional to the quantity produced.

The average cost per unit is not constant for every quantity and the error will increase if the quantity is much different from 1,300 units.

3 0
3 years ago
Other questions:
  • After 8 years of working for a company that installed underground sprinkling systems for golf courses, Trevor was ready to ventu
    9·1 answer
  • Explain what is meant by an activity measure. Identify an appropriate activity measure for analyzing the cost structure of the b
    7·2 answers
  • 1. Why might social business be especially useful for global companies?2. What were some of the benefits that IBM social tools c
    7·1 answer
  • Tamarisks Hardware reported cost of goods sold as follows. 2019 2020 Beginning inventory $ 23,000 $ 33,500 Cost of goods purchas
    15·1 answer
  • Delaney company is considering replacing equipment which originally cost $600,000 and which has $420,000 accumulated depreciatio
    5·1 answer
  • Label each scenario below according to the type of financial asset described.
    12·1 answer
  • An investment had a nominal return of 9.7 percent last year. The inflation rate was 2.7 percent. What was the real return on the
    14·1 answer
  • Unlike supportive leadership, participative leadership is used when _____. a. workers have an external locus of control b. the f
    12·1 answer
  • Tina is a real estate broker who has been asked to sell a property by a client. The property is exactly what she has wanted for
    13·1 answer
  • Suppose you reside in the Caribbean and purchase exclusive territory rights for a McDonald's franchise. You can construct as man
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!