Answer:
Date Account titles and Explanation Debit Credit
Dec 31, 19 Lease receivables $150,001
Cost of goods sold $120,000
Sales $150,001
Equipment $120,000
(To record the lease)
Dec 31, 19 Cash $30,044
Lease receivables $30,044
(To record the receipt of lease installment)
Answer:
The correct answer is A.
Explanation:
Giving the following information:
The company forecast sales:
January= $40,000
Variable and fixed selling and administrative expenses are as follows:
Variable Expenses:
Power cost (30% of sales)
Miscellaneous expenses: (5% of sales)
Fixed Expenses:
Salaries expense= $10,000 per month
Rent expense: $5,000 per month
Depreciation expense: $1,200 per month
Power cost/fixed portion: $800 per month
Miscellaneous expenses/fixed portion: $1,200 per month
Total= $18,200
For January
Total variable cost= 40,000*0.3 + 40,000*0.05= $14,000
Total fixed cost= 18,200
Total cost= $32,200
10.23%
return on total assets of River corp who's total assets at the end of last year were $390,000 and its net income was $32,750 was 10.23%
<h3>What was the return on total assets?</h3>
This can be found by the formula:
= Net income / Total assets x 100%
This then on substitution gives:
= 32,750 / 320,000 x 100%
= 10.23%
Hence, the return was 10.23%.
<h3>What is return on total assets?</h3>
The ratio of a company's profits before interest and taxes (EBIT) to its total net assets is called return on total assets (ROTA).
<h3>What is meant by return on asset?</h3>
- The return on assets (ROA), sometimes known as the return on total assets, is a metric for gauging how much money a company makes off of its capital.
- This profitability ratio illustrates the rate of growth in profits produced by an organization's assets.
<h3>What Makes a Strong ROA? </h3>
- Typically, a ROA of 5% or above is seen as good; a ROA of 20% or higher is regarded as great.
- In general, a corporation is more effective at making profits if its ROA is higher.
- However, the ROA of any one company must be viewed in the context of its rivals in the same sector and industry.
To learn more about return on total assets visit:
brainly.com/question/14969411
$SPJ4
A peace officer is an employee of a state under public law enforcement agency that is responsible for enforcement of law and prevention and detection of crimes. To qualify as an advanced peace officer, an applicant must have 800 work hours and 12 years experience as a peace officer.
Answer:
$2,580,346.40
Explanation:
The computation of the economic value added is shown below:
As we know that
Economic value added is
= Net after tax income - Total Capital employed × Cost of capital
= $13,241,678 - $118,459,240 × 9%
= $13,241,678 - $10,661,331.60
= $2,580,346.40
We simply applied the above formula so that the economic value added could arrive
