Answer:
Sub America's net income for the year is A. $42,500
Explanation:
Return on assets (ROA) helps an investor see how much after-tax profit a company gained for each dollar in assets, is calculated by formula:
ROA = Net Income/ Average Total Assets
In there:
Average Total Assets = (Beginning Assets + Ending Assets )/2 = (Assets at the beginning of year +Assets at end of year )/2
In Sub America,
Average Total Assets = ($400,000+$450,000)/2 = $425,000
ROA = 10%
Net income = ROA x Average Total Assets = 10% x $425,000 = $42,500
Answer:
Debit Cost of Goods Sold $500
Explanation:
When inventory is purchased, debit inventory and credit cash or accounts payable. When inventory is sold, credit inventory (with the cost of inventory sold) and debit cost of goods sold(p/l).
Further more, sales is recognized by crediting sales account and debiting cash or accounts receivables.
As such, if original cost of the merchandise to X-Mart was $500, entries required would include a credit to merchandise inventory $500 and Debit Cost of Goods Sold $500.
Answer:
a. $6,237.
Explanation:
We use the PMT formula i.e shown in the attachment below:
Data provided in the question
Present value = $850,000
Future value = $0
Rate of interest = 8% ÷ 12 months = 0.66666%
NPER = 30 years × 12 months = 360 months
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly mortgage payment is $6,237
Answer:
Purchase Decision Process
Explanation:
The purchase decision process is the one through which the a buyer makes his decision of buying a certain product.
This consumer buying process has five step which they use to make their decision, are following;
- Need or Problem Recognition.
- Information Search.
- Evaluation of Alternatives.
- Purchase Decision.
- Post-Purchase Evaluation.
I hope the answer is helpful.
Thanks for asking.