Why aren't credit cards included in m1 or m2?

A company that reports segment information had average total assets of $1,530,450 and total net income of $602,700. Segment A ha

antoniya [11.8K]

Answer: 0.32 times

Explanation: Return on assets can be defined as the ratio under which companies are evaluated on the basis of total amount of assets investment. It is a ratio that evaluates the profitability of a company, it shows the ability of a company to generate revenue from the assets invested in it.

It can be computed as following :-

$=\:\frac{NET\:INCOME}{AVERAGE\:TOTAL\:ASSETS}$

$=\:\frac{\$304,300}{\$931,800}$

= 0.32 times

6 0

3 years ago

Reed, a 15-year-old, has run out of money while on a trip away from home. Martha gives him food, a place to sleep, and his bus f

OLEGan [10]

Answer:

Explanation:

Food, clothing, housing, and medical care are needed. Bus fares are probably also considered necessary, although it can be controversial depending on the distance of a minor. Rules are essential for adolescents to pay for the value of the benefit received. In other words, Reed can reject the contract, but he must take responsibility for any benefit he received from Martha.

5 0

3 years ago

In the government sector, there is a. nothing comparable to profit and loss that will weed out inefficient activities. b. nothin

Marta_Voda [28]

Answer:

Option D is correct.

All of the above.

Explanation:

In the government sector, there is:

a. nothing comparable to profit and loss that will weed out inefficient activities.

b. nothing comparable to bankruptcy that will bring inefficient programs to a halt.

c. a strong incentive for managers of government agencies and enterprises to expand the size of their government funding.

8 0

3 years ago

A university spent $1.3 million to install solar panels atop a parking garage. These panels will have a capacity of 200 kilowatt

Lunna [17]

Answer:

It will take 6,534.31 hours per year for the solar panels to operate to enable this project to break even

Explanation:

Discount rate = 30% = 0.3

Looking at one hour of operation in each year = 200 kW x $0.30 Kw/hr

= $60 value of electricity per year

Compound interest factor for a discount rate of 30% = 3.3158

(taken from compound interest factor table or computed using formula ∑1/(1+r)^t , where r = 30%, and t = 1 to 30)

Present value of operating the solar panels for 1 hour per year = 60 × 3.3158 = $ 198.95

For break even it would need to run = 1.3 million ÷ 198.95

= 6,534.31 hours per year

5 0

3 years ago

Molzahn Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhe

Maurinko [17]

Answer:

The results are below.

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 481,250 / 35,000

Predetermined manufacturing overhead rate= $13.75 per direct labor hour

Now, we allocate overhead based on actual hours:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 13.75*40,000

Allocated MOH= $550,000

Finally, the under/over applied overhead and the closing to cost of goods sold:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 644,000 - 550,000

Underapplied overhead= $94,000

When overhead is underapplied, we need to debit the cost of goods sold.

COGS 94,000

Manufacturing overhead 94,000

7 0

2 years ago

Why​ aren't credit cards included in m1 or​ m2?

Why aren't credit cards included in m1 or m2?