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
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%

You might be interested in
Any christian guys wanna be friends?
Mumz [18]
Sure brother



How are you
6 0
2 years ago
Read 2 more answers
What is 2divided by 100
aleksley [76]

Answer:

0.02

Explanation:

4 0
3 years ago
Read 2 more answers
If the government removes a binding price floor from a market, then the price received by sellers will
Sauron [17]
It would overall decrease
6 0
3 years ago
A gracious welcome by an employee at the hotel check-in counter is an example of:
hammer [34]
<span>This is the "moment of truth." These are the times at which good customer service and pleasant interactions with staff can make an experience enjoyable or it can break the trust of a customer, not to be easily repaired. Moments of truth can take place many times during an interaction or transaction, and need to be carefully monitored to make sure that the best service actions known are being taken.</span>
5 0
3 years ago
Aerotron Electronics is considering the purchase of a water filtration system to assist in circuit board manufacturing. The syst
tino4ka555 [31]

Answer:

Explanation:

Annual worth: this will be the annuity payment equivalent to all the cashflow of the investment. Thus the PMT of the net present value

Cash Investment at F0: <em>230,000/2 = 115,000</em>

present value of 7,500 salvage value:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  7,500.00

time   7 years

MARR: 10% = 0.1

\frac{7500}{(1 + 0.1)^{7} } = PV  

PV  <em> 3,848.69 </em>

<u>Then, we need to calculate the present value of the loan discounted at 10%</u>

half the investment is finance: 230,000 / 2 = <em>115,000</em>

Then, this capitalize 2 year at 8% before the first payment:

Principal \: (1+ r)^{time} = Amount

Principal 115,000.00

time 2 year

MARR: 10% = 0.08000

115000 \: (1+ 0.08)^{2} = Amount

Amount 134,136.00

Now we need to discount this loan at 10% which is our rate of return:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  134,136.00

time   2.00

MARR: 10% = 0.1

\frac{134136}{(1 + 0.1)^{2} } = PV  

PV   <em>110,856.20 </em>

Finally: we add this values to get the resent worth:

<em>115,000 +  110,856.20 - 3,848.69 = </em><em>222,007.51</em>

<em />

Last step, we calculate the PMT of the present worth:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 222,007.51

time 7 years

MARR: 10% = 0.1

222007.51 \div \frac{1-(1+0.1)^{-7} }{0.1} = C\\

C  $ 45,601.564

<em />

6 0
3 years ago
Other questions:
  • Income elasticity measures how a good's quantity demanded responds to change in the goods price. producers' incomes. change in t
    6·1 answer
  • if you deposit a check into your account and the teller tells you it is on hold for five days, can you still spend that money to
    12·2 answers
  • A supervisor who believes an employee's grievance is not a contractual violation should: accept the employee's grievance, and th
    13·1 answer
  • A small business has leased office space for $10,000 per year. It cannot get out of that contract. It could sublease the space t
    15·1 answer
  • Project Q has an initial cost of $211,415 and projected cash flows of $121,300 in Year 1 and $176,300 in Year 2. Project R has a
    9·1 answer
  • An accounting worker who processes routine details about accounting transactions
    8·1 answer
  • You have been asked to review the December 31, 2021, balance sheet for Champion Cleaning. After completing your review, you list
    15·1 answer
  • the real risk rate of interest is 2.5% and inflation is expected to be 3% this year and 3.5 during the next three years assume t
    12·1 answer
  • Period costs are the​ ________. A. product costs that must be paid in the accounting period in which they are incurred. B. sam
    5·1 answer
  • Free
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!