Answer:
7.92%
Explanation:
The computation of the return on total assets is shown below:
Return on assets = (Net income) ÷ (average of total assets)
where,
Net income is $2,100
Average total assets = (Beginning total assets + ending total assets) ÷ 2
= ($33,500 + $19,500) ÷ 2
= $26,500
Now put these values to the above formula
So, the ratio would equal to
= $2,100 ÷ $26,500
= 7.92%
Answer:
The answer is T that is (True)
Explanation:
First of all, we need to understand that internal control in technology advanced accounting system are designed policies and procedures integrated into the system to give it integrity and reliability.
The purpose are mainly to curb but not limited to issues like fraud, generating timely and effective reporting, reassuring investors, give a forensic over view of business operation success and proactively identify financial challenges.
The internal controls in advanced accounting can either be preventative, consequentially deterring fraud and mistakes, or detective, consequentially identifying challenges after they have occurred
This two aforementioned objective of the internal control in technology advanced accounting are embedded in the design and operation of the system stage, thereby confirming the statement to be true that Internal control in technologically advanced accounting systems depends more on the design and operation of the information system and less on the analysis of its resulting documents
With homemade leverage, an investor is able to replicate a corporation's capital structure by borrowing funds and using those funds along with her own money to buy the company's stock. This is further explained below.
<h3>What is homemade leverage?</h3>
Generally, When an investment in a firm that does not use leverage is converted into the impact that leverage has on investment by using personal borrowing, this is an example of homemade leverage.
In conclusion, By utilizing borrowed money plus her own finances to acquire shares in a firm, an investor might "do her own leverage," or mimic the capital structure of a publicly traded company.
Read more about homemade leverage
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Answer:
Explanation:
The correct amounts are shown below:
1. Assets = Asset balance - depreciation + service revenue
= $60,000 - $925 + $1,500
= $60,575
2. Liabilities = Liabilities balance + employees wages earned
= $20,000 + $410
= $20,410
3. Stockholders' Equity = Equity balance - depreciation + service revenue - employees wages earned
= $40,000 - $925 + $1,500 - $410
= $40,165
4. Net Income = Net income balance - depreciation + service revenue - employees wages
= $9,000 - $925 + $1,500 - $410
= $9,165
organization isn a group or team that works together to accomplish a task
