Answer:
7.8%
Explanation:
The formula and the computation of the return on assets is shown below:
Return on assets = (Net income) ÷ (average of total assets)
where,
Net income is $32,500
And, the average of total assets equal to
= (Beginning assets + ending assets) ÷ 2
= ($405,000 +$425,000) ÷ 2
= $415,000
So, the return on assets is
= $32,500 ÷ $415,000
= 7.8%
Answer:
this case tells us about some sort of pressures that accounts feel when financial statements are needed urgently
Explanation:
1) As for using low estimates, this step was wrong on her part. she should have been upfront in her estimates. for the items that she could not estimate there should have been an indication that such items were still under review, instead of doing what she did to give the financial estimate a good look. Using guesses or deliberately using low estimates was a bad idea, GAAP would never condone that.
She should have met with the president and let him know that finalization of the financial statements would not possible within the time frame that he has given. She could have also explain that such delays are normal and she would have given estimates of when the draft internal copy would be made available to him. such steps she took could have resulted in serious consequences for the company
2) I would not inflate or deflate the figures on purpose to make financial statements look better. If it is time to present the draft and final year-end financial statements I will have to tell the truth on the numbers and estimations used and also the reasons for that. i would have explained the constraints that i was facing. if i was still being pressurized by the president, i would have no choice than to call it quits instead of going against the ethics of my profession, since there are both ethical and legal implications to not giving inaccurate financial statements.
The answer is Modus ponens. Modus ponens is firmly identified with another substantial type of contention, modus tollens. Both have clearly comparable yet invalid structures, for example, insisting the subsequent, denying the forerunner, and proof of nonattendance. The productive quandary is the disjunctive adaptation of modus ponens. The speculative syllogism is firmly identified with modus ponens and here and there thought of as "twofold modus ponens."
Answer:
$15000
Explanation:
Given that:
The special order also would require 1,500 kilograms of tatooine
mass of tatooine usually at hand = 2,000 kilograms
Alderon recently received an offer of $14,000 from Solo Industries for its entire supply of tatooine.
i.e Opportunity Cost of accepting the offer from solo industries= $14,000
Disposal cost = $1000
From these information, we can determine the real cost of tatooine to be used in the special order = opportunity cost of accepting the offer from solo industries in addition with the cost to transport away and dispose off the extra 500 kilograms of tatooine.
∴
the real cost of tatooine to be used in the special order = $14,000 + $1000
= $15000
