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
Cerrena [4.2K]
3 years ago
9

John Inc. is a manufacturing business. For a given accounting period, the business’s total revenue amounted to $75,000, while it

s expenses came to $35,000. The total shareholders’ equity on the businesses balance sheet was $150,000. What is John Inc.’s return on equity for this accounting period?
A.
16.66 percent
B.
26.66 percent
C.
36.66 percent
D.
46.66 percent
Business
1 answer:
maksim [4K]3 years ago
8 0

Answer:

John Inc.'s return on equity for this accounting period is:

B.

26.66 percent

Explanation:

Return or equity is a ratio used to calculate the efficiency of a certain business. It is calculated by dividing the net income on the stockholders' equity. Therefore, in our case, we translate this into 40 000 dollars divided into 150 000. Giving us a  result of .26 %. Thus, the correct option is the B. option.

You might be interested in
The main reason for the bank mortgage collapse of 2007 can be traced to
lorasvet [3.4K]
The djdjdjdjdjdjfjfjfjdndndndjdjejsjwjsjse is b
3 0
3 years ago
Has a _____ percent of chance of being schizophrenic.
Gwar [14]
30 is the answer I think
8 0
3 years ago
It’s important to realize that when it comes to distracted driving it is not about bad teens doing bad things, it’s about good t
ValentinkaMS [17]

Answer:

True

Explanation:

The above statement is true as the distracted driving is act of driving along with engaging into certain other activities which leads to the driver's lesser concentration and attention towards the the road and driving.

Since good teens are not supposed to make the poor choices while driving and engage into activities like using phone, texting or reading maps or messages etc.

3 0
3 years ago
How does a mechanic's lien assist creditors?
kati45 [8]
If the debtor continues not to pay the underlying debt, the creditor can foreclose on the debtor's real property to collect the amount due.
7 0
3 years ago
This partnership is being liquidated. hendrick and mitchum are each entitled to 40 percent of all profits and losses with the re
Lesechka [4]
<span>Three people share the profit and losses as follows.Total ratio is 100. Hendrick and Mitch each get 2/5 of the profit or suffer 2/5 of the loss i. e (40/100) as well while redding gets 1/5 i. e (20/100). Redding can contribute no more than one-fifth of the liqudated capital. The$20, 000 in excess liability will be distributed in proportion to their ratios. 2/5 * 20, 000 = $8, 000 each for Hendrick and Mitcherum while redding gets 1/5 * 20, 000 = $4000. If the non cash assest is sold Hendrick would receive 2/5 * 50, 000 = 100000/5 = $20, 000. The minmum hendrick would receive would be $20, 000 + $8, 000 = $28, 000</span>
8 0
4 years ago
Other questions:
  • According to the market theory of wage determination, under what circumstances will wages for a particular group be highest?
    8·2 answers
  • My starbucks idea, which provides customers a location to post suggestions, is a type of g
    10·1 answer
  • Hi Tech Products has 35,000 bonds outstanding that are currently quoted at 102.3. The bonds mature in 11 years and carry a 9 per
    12·1 answer
  • Partner A has a smaller capital balance than Partner L. Partner A, however, has a higher profit-and-loss-sharing percentage than
    9·1 answer
  • On December 31, 2019, Irey Co. has $3,000,000 of short-term notes payable due on February 14, 2020. On February 8, 2020, Irey bo
    6·1 answer
  • A flower shop makes a large sale for $1,500 on June 30th. The customer is sent an invoice on July 5th, and a check is received o
    12·1 answer
  • Why do nations often impose trade barriers that make it difficult for their own citizens to trade with people in another country
    15·1 answer
  • In order to search the internet you need to use software referred to as a__?
    5·1 answer
  • Find a current news article (within one week) related to business or technology. Your article can be from a newspaper, the
    13·1 answer
  • On January 1, Sharp Company purchased $50,000 of Sox Company 6% bonds, at a time when the market rate was 5%. The bonds mature o
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!