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Alexxandr [17]
4 years ago
8

The balance sheet of Hidden Valley Farms reports total assets of $810,000 and $945,000 at the beginning and end of the year, res

pectively. The return on assets for the year is 15%. What is Hidden Valley's net income for the year
Business
1 answer:
pogonyaev4 years ago
3 0

Answer:

$131,625

Explanation:

The computation of the net income for the year is shown below:

As we know that

Return on assets = net income ÷ average assets

0.15 = net income ÷ ($810,000 + $945,000) ÷ 2

0.15 = net income ÷ $877,500

So, the net income is

= $877,500 × 0.15

= $131,625

hence, the net income for the year is $131,625

We simply applied the above formula

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Answer and Explanation:

The journal entries required to adjust the balance of cash as follows:

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(Being the cash is recorded)

Here cash is debited as it increased the assets and credited the notes receivable and interest revenue as it decreased the assets and revenue

2. Service expense Dr $78

Account receivable Dr $280

      To cash $358

(being the cash paid is recorded)

here service expense and account receivable is debited as it increased the expenses and assets and credited the cash as it decreased the assets

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3 years ago
A university’s marketing department typically purchases backpacks with its logo embroidered on them for all incoming freshmen. T
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6 0
3 years ago
20 POINTS FOR THE ANSWER
Furkat [3]

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Learn more about digital printing here,

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2 years ago
If you were consulting with an automaker who was thinking of entering the chinese automobile market, what would you recommend it
elixir [45]

I believe that these 5 are the given choices for this question:

Simplify distribution channels wherever possible.

All of these would be important considerations.

Understand language differences and literacy rates.

Consider subcultures within the larger culture.

Cultural nuances can be subtle but must be understood.

 

I believe that the correct answer is:

“All of these would be important considerations.”

 

This is because in places like China were language and culture is a diverse mix, knowledge and greater understanding of it would be greatly important in running the business.

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4 years ago
Green Frog is an environmentally friendly firm in the cosmetics industry. If Green Frog were considering expanding beyond the co
Oduvanchick [21]

Answer:

D) Corporate level strategy

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Corporate level strategy involves decision and actions that are taken to achieve objectives big the business that affects all aspects of the business.

It is the opposite of functional strategy that focuses on actions that affects only a particular function of department.

In this instance Green Frog is considering expanding beyond the cosmetics industry into pharmaceuticals in order to gain competitive advantages by operating in multiple markets and industries. This will will affect all aspects of the business and so is considered a corporate strategy.

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