Answer: 0.22
Explanation: Return on total assets is calculated by dividing net income or operating income from average total assets. It is a profitability ratio which is used by analysts to evaluate the ability of the firm to generate revenue from the given level of assets it have.
where,
= $425,000
Now,putting the values into equation :-
= 0.22
Answer:
Concept of green marketing.
Explanation:
The American Marketing Association defines Green Marketing as "the marketing of products that are safe for the environment." In addition, green marketing incorporates activities such as: modifications to the product, the production process, changes in packaging and communication. It is not an easy task to define it, since many definitions interrelate and contradict each other.
Green Marketing is a new and positive trend present in many companies that has taken a great boom in recent years.
Green marketing is a favorable option that companies have to promote their products and at the same time make a contribution to the environment.
The main objective of this type of Marketing is to preserve non-renewable resources, trying to create a positive awareness in consumers of the products or services they offer.
Answer:
D) deduction from the balance per bank statement
Explanation:
A bank reconciliation statement is a document that matches the cash balance on a company’s balance sheet to the corresponding amount on its bank statement. Reconciling the two accounts helps determine if accounting changes are needed. Bank reconciliations are completed at regular intervals to ensure that the company’s cash records are correct. They also help detect fraud and any cash manipulations.
Cash may not include <u>accounts receivable</u>. The Option C is correct.
<h2>What is
Cash?</h2>
Cash means a money in the physical form of currency such as banknotes and coins. In accounting, cash is a current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately.
The amount of the adjustment for uncollectible accounts would be $14,060. The Option D is correct.
<h2>What is an
uncollectible accounts?</h2>
An accounts uncollectible refers to those receivables, loans or other debts that have virtually no chance of being paid. An account may be called an uncollectible for many reasons such as debtor's bankruptcy, an inability to find the debtor, fraud on the part of the debtor or lack of proper documentation to prove that debt exists.
The adjustment for uncollectible accounts is computed as follows:
= (Accounts receivable * Rate of uncollectible accounts) - Allowance for uncollectible accounts
= ($246,000 x 6%) − $700
= $14,760 - $700
= $14,060
Read more about uncollectible accounts
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Answer:
$10,500 loss
Explanation:
The computation of the net income affected is shown below:
Since Big Ben purchased shares of Little Trick on 1st April ,so it has the right to receive 30% of the net income for nine months i.e from April 1 to December 31
Now the Earnings from Little Trick is
= $20,000 × 30% × 9 months ÷ 12 months
= $4,500
And, the Compensation paid is $15,000
So, the loss is
= $15,000 - $4,500
= $10,500
