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
RUDIKE [14]
3 years ago
11

Oahu Industries' average total assets for the year are $4,000,000, its average total stockholders' equity for the year are $3,00

0,000, its net income is $800,000, its gross margin is $2,000,000, and its net sales are $10,000,000. What is Oahu's return on assets? Group of answer choices
Business
1 answer:
Mandarinka [93]3 years ago
8 0

Answer:

20%

Explanation:

Return on assets is a profitability ratio that shows how much in net income a company is able to generate from its assets.

It is a financial measure that shows the net profit a company is able to generate per $1 invested in assets.

Mathematically,

Return on asset = net income/average total asset

= $800,000/$4,000,000

= 0.2

= 20%

This means that the company's management is a to generate a net income of 20 cents for every $1 invested in assets.

You might be interested in
Troy filed a good faith complaint of discriminatory harassment against his supervisor, Cynthia. One day after receiving notice o
Paraphin [41]

Answer:

Of course this is a retaliatory action. Troy filed a complaint for discriminatory harassment against Cinthia and she answers back by discriminating against Troy even more. All she needed to do was stop discriminating against Troy, she wasn't supposed to increase discrimination against him. This is an example of what shouldn't happen.

Explanation:

5 0
3 years ago
When a large supply of a product is available for sale, the price of the product will often
ankoles [38]

Answer:A

Explanation:When supply of a product goes up, the price of a product goes down and demand for the product can rise because it costs less.

5 0
2 years ago
Read 2 more answers
Sandra williams is single. she itemized deductions in 2014. she plans to itemize for 2015. in order for her plan to itemize dedu
Bess [88]
The answer is $6200.00

Based on https://taxfoundation.org/2014-tax-brackets/

The standard deduction single based on the source is $6200. Tax exemptions for singles are up to $52,800. The threshold on this tax is an annual salary of $254,200. Higher salaries would have higher tax deductions. Once a single tax holder enters $376,700 the person would no longer be included for higher exemption because of the gross compensation increase.
3 0
2 years ago
Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $70,000 and $3,600, r
tatyana61 [14]

Answer:

Uncollectible account expense  $8,600

Explanation:

The computation of the amount as the Uncollectible Accounts Expense on its Year 2 income statement is given below:

Allowance account - Beg year 2    $3,600 Credit

Written off account   $6,600    Debited by

 Unadjusted balance in Allowance account  $3000  Debit

Adjusted balance required in Allowance account  $5,600  Credit

Uncollectible account expense  $8,600

6 0
2 years ago
Riverbed Corporation’s adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $7,280, Land $49
Rzqust [24]

Answer:

Explanation:

Balance sheet: In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

The debit and credit side of the balance sheet should always be equal and balanced.  

Moreover, it always is prepared on the specified date.

The land is a fixed asset and patents is an intangible asset. Thus these items would not come in the current asset section

The preparation of the current assets section of the balance sheet is presented in the spreadsheet. Kindly find the attachment below:

5 0
2 years ago
Other questions:
  • The expected variable cost per unit for a proposed project is $8.48 and the expected fixed cost is $27,400. The cost estimates h
    11·1 answer
  • A company purchased a new delivery van that cost
    15·2 answers
  • Analysis to determine how well the government performs its roles in the market economy and explore the​ trade-offs associated wi
    6·1 answer
  • Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to
    9·1 answer
  • There would be no separation between one country’s economy and another’s if the entire world
    14·2 answers
  • Borrowing a $15,000 Loan in 5 years with an interest rate of 4.49% how much will I pay monthly
    8·2 answers
  • On January 1, Hillcrest Co. acquired a 40% interest in Preston, Inc. with the excess of purchase price over book value solely at
    8·1 answer
  • On June 1, 2018, Stellar Company and Pearl Company merged to form Martinez Inc. A total of 733,000 shares were issued to complet
    10·1 answer
  • If you get into a car accident, your _______________ may increase because you will be considered riskier for insurance companies
    13·2 answers
  • Based on the experiences of Thailand, Kenya and China in promoting family planning, what do you think the key is to reducing pop
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!