Answer:
The return on assets is 8.4%
Explanation:
In order to calculate the return on assets we will first need to find the average total assets. We will do this by adding the beginning and ending total assets and dividing it by 2.
Average total assets= (31,500+20,500)/2= 26.000
Now in order to find the return on assets we will divide the net income by the average total assets.
Return on assets = 2,200/26,000=0.084=8.4%
Answer:
$231,140
Explanation:
The computation of the amount reported in the cost of goods sold is shown below:
= Number of pool cues sold × total manufacturing cost per pool cue
where,
Number of pool cues sold would be 26,000 pool cues
And, the total manufacturing cost per pool cue would be
= Direct Materials per cue + Direct manufacturing Labor per cue + Manufacturing Overhead per cue
= $2 + $6 + $0.89
= $8.89
Now put these values to the above formula
So, the value would be equal to
= 26,000 cues × 8.89
= $231,140
Answer:
Unit of measure concept
Explanation:
The definition for a unit of measure refers to a common principle used throughout accounting, whereby all activities should be reported uniformly using the same currency. For instance, a business that holds its documents in just the U.S. will report its whole dealings in U.S. dollars, whereas a German company will report all its payments in euros.
If a transaction includes transactions or transfers in another currency, the sum is translated until being registered to the domestic currency utilized by an entity. Without a specific standard unit, financial reports will be impossible to generate.
The result of this mistake on the order form is that Khan's Crickets should verify from Camille the actual order amount intended.
We may factor in the fact that the number of crickets will show the correct quantity that Camille requires, then Khan should supply only the quantity on the order form and request for a corrected or revised order form from Camille.
Thus, the result is that Khan's Crickets will still supply crickets with an invoice worth $1,000, not adhering to the mistaken total sum.
Related link for similar mistake on order form at brainly.com/question/17251413
Options :
A. utilize their own aircraft.
B. have extensive ground networks.
C. have accurate, real-time tracking systems
D. all of the above
Answer:
D
