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cestrela7 [59]
3 years ago
13

Assume Global Cleaning Service had net income of $ 570 for the year. Global Cleaning​ Service's beginning and ending total asset

s were $ 4 comma 520 and $ 4 comma 180​, respectively. Calculate Global Cleaning​ Service's return on assets​ (ROA).a. 12.6%b. 13.6%c. 13.1%d. 7.63%
Business
1 answer:
blagie [28]3 years ago
8 0

Answer:

c. 13.1%

Explanation:

Return on assets is a financial measure that gives insight to the amount of income earned for $1 of the company's investments in asset. It is given as the ratio of net income to average total asset.

Given;

Beginning total asset = $4,520

Ending total asset =$4,180

Average total asset = ($4,520 +$4,180)/2

                                 = $4,350

Net Income = $570

Return on asset = $570/$4350

                          = 13.1%

Option c. 13.1%

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Fernstrom Corporation has two divisions: East and West. Data from the most recent month appear below: East West Sales $ 330,000
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Answer:

The company’s overall net operating income  would be $52,140

Explanation:

If the all divisions of the company are operates at break even level the overall net operating income of the company would be zero . because at break even level the sales value is equals to total variable cost plus total fixed cost if the company incurring any addition fixed cost then the over all net operating income will show loss of additional fixed incurred.  The answer for the given question is the overall net operating income of the company would be ($52,140).

3 0
3 years ago
he table gives the demand and supply schedules for boat rides. If the demand of boat rides increases by 40 rides a​ day, the pri
polet [3.4K]

Answer:The price will also increase

Explanation:According to the law of demand and supply, demand has a positive relationship with price, which means the higher the demand, the higher the price of the same commodity

6 0
3 years ago
for having a manuscript typed at a certain typing service are $5 per page for the first time a page is typed and $3 per page eac
Kipish [7]

Answer:

total cost of having the manuscript type is $680

Explanation:

given data

first time = $5 per page

revised = $3 per page

manuscript = 100 pages

revised only once = 40

revised twice = 10

to find out

total cost of having the manuscript typed

solution

we know for 1st time page  cost is

page 1st time = 100 - 40 - 10  = 50 page

cost 1st time = 50 × $5 per page = $250    .................1

and

for first revision

first revision page = 40

cost of first revision = 40 × ( first time $5 + first revision $3 )

cost of first revision = 40 × 8 = $320       ......................2

and

for second revision

second revision page = 10

second revision cost = 10 ×  ( first time $5 + first revision $3 + second revision $3  )

second revision cost = 10 × 11 = $110     ..........................3

add all 3 equation

total = $250  +  $320 + $110

so total cost of having the manuscript type is $680

6 0
3 years ago
You read in the paper that there has been a significant increase in the consumer confidence index. having taken an economics cla
lys-0071 [83]
Spending will increase.

Demand will increase.

The consumer confidence index is a measure of how "confident" the population of the United States is in the economic status of the US. Thus, both these values will increase!
5 0
3 years ago
Z-Mart appropriately uses the installment sales method of accounting for its installment sales. During 2013, Z-Mart made install
Tresset [83]

Answer:

                                        Dr.                  Cr.

Sale

Account Receivable    $300,000

Inventory                                          $210,000

Deffered Gross Profit                      $90,000

Payment Receipt

Cash                             $135,000

Account Receivable                        $135,000

Profit Recognition

Deffered Gross Profit  $40,500

Relaized Gross Profit                      $40,500

Explanation:

On sale a receivable is recorded and goods has been transferred to customer and its cost is been deducted from inventory. The Gross profit is deferred until the receipt of payment.

Deferred Profit = $300,000 x 30% = $90,000

Inventory cost = $300,000 - $90,000 = $210,000

Cash received from the customer, profit proportionated to the the cash receipt is realized gross profit.

Realized Profit = $135,000 x 30% = $40,500

5 0
3 years ago
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