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r-ruslan [8.4K]
3 years ago
12

The balance sheet of Sub America reports total assets of $400,000 and $450,000 at the beginning and end of the year, respectivel

y. The return on assets for the year is 10%. What is Sub America's net income for the year?
Business
1 answer:
Rudiy273 years ago
6 0

Answer:

$42,500

Explanation:

Given that,

Beginning total assets = $400,000

Ending total assets = $450,000

Average total assets = (Beginning total assets + Ending total assets) ÷ 2

                                   = ($400,000 + $450,000) ÷ 2

                                   = $425,000

Return on assets = 10%

Net Income ÷ Average total assets = 0.1

Net Income ÷ $425,000 = 0.1

Net Income = 0.1 × $425,000

                   = $42,500

Therefore, the Sub America's net income for the year is $42,500.

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This is evident in the fact that Bourg considers revenue targets a vital part of the company strategy. Here, the revenue of a company is derived from <u>sales</u>.

Also, given that the targets at the Bourg Company are stated in clear, precise, and measurable terms, and they always specify a time frame for completion, this is an example of a <u>sales goal.</u>

<u>Sales goal</u> is a term used in business management to describe the defined goals for a firm's sales team.

Sales goals could be expressed as increasing revenue by 13% in a year or improving customer retention by 18%.

Hence, in this case, it is concluded that the correct answer is "<u>sales goals."</u>

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6 0
2 years ago
Which of the following events are examples of positive social media coverage?
swat32
- xcorporation announces the launch of its latest headphones on social media websites
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7 0
3 years ago
Project risk is lowest during the: Finish phase of the project life cycle. Conceive phase of the project life cycle. Develop pha
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Answer:

Finish phase of the project life cycle.

Explanation:

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the original penguin clothing brand which features a cute penguin with a tie wrapped around its neck has made a successful comeb
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​Assess organizational resources and evaluate risks and opportunities, It is this step in the marketing planning process that best corresponds to the articulation of a 10% increase in sales.

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7 0
2 years ago
Cross Company reported the following results for the year ended December 31, 2018, its first year of operations: 2018 Income (pe
Jlenok [28]

Answer:

$420,000 deferred tax asset

Explanation:

Deferred-tax assets are asset that occurred when company's or organization record income tax is less than the one which is been paid to the tax authority.

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Less;Income (per books before income taxes) $2,000,000

Total $1,200,000

Therefore

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Cross record should record $420,000 as a net deferred tax asset or liability for the year ended December 31, 2018

4 0
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