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diamong [38]
3 years ago
12

Assume Metro Corporation had a net income of $ 2,200 for the year ending December 2018. Its beginning and ending total assets we

re $ 31,500 and $ 20,500​, respectively. Calculate​ Metro's return on assets​ (ROA). (Round your percentage answer to two decimal​ places.)
Business
1 answer:
Aleksandr-060686 [28]3 years ago
7 0

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%

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kicyunya [14]

If the market contracts, due to internal or external factors, then the demand for the goods and services that the firm sells will fall and thus, a propitious niche will disappear. and, if the market expands, and the company fails to meet the increased demand, then also the propitious niche will vanish.

3 0
2 years ago
is starting her own accounting firm and hires , a freelance web designer who specializes in responsive design to build her busin
sasho [114]

Answer:

No, contracts for personal services are not assignable.

Explanation:

According to a different source, these are the options that come with this question:

Yes, as long as the assignment does not increases the burden on Max.

Yes, Claire can assign her obligations under the contract to anyone who accepts.

No, contracts for personal services are not assignable.

No, the assignment is not valid since Max did not give any consideration.

This is most likely not a good strategy for this woman. The fact that this woman has been hired as a freelance web designer means thta the woman is beig paid for her professional expertise. No one else can perform the job in the way that she can perform it. Therefore, she cannot assign this duty to another person.

8 0
3 years ago
Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct materials and uses 1.9 direct labor hours a
xenn [34]

Answer:

Chair unit cost:                 $    49.72

Total cost for 675 chairs: $  33,561

Explanation:

Direct Materials:                                                                   $  14.00

Direct Labor:   1.9 hours x $16 labor cost:                           $ 30.40

Overhead:

1.9 labor hours x ($ 1.6 variable rate + $ 1.20 fixed rate) = $<u>  5.32  </u>

                                          Total unit cost:                             $ 49.72

Cost to produce 675 chairs:

675 charis x $ 49.72 per chair = $ 33,561‬

6 0
3 years ago
An externality is internalized if a. the person(s) or group that generated the externality incorporate into their own private co
Veseljchak [2.6K]

An externality is internalized (a) if the person(s) or group that generated the externality incorporate into their own private cost-benefit calculations the external benefits (in the case of a positive externality) or the external costs (in the case of a negative externality) that third parties bear.

Explanation:

<u>Internalizing the externality means transferring the burden or the cost of a negative externality (like pollution or traffic congestion) to inside(i.e external to internal).</u>

<u></u>

  • <u>Internalization of externality can be done through taxes, property rights, tolls, and government subsidies.</u>
  • <u>The only way of correcting an externalities is to "internalize" the third party cost involved but this market -driven approach is not feasible </u><u>if the true monetary values cannot be determined.</u>

An externality is internalized if the person(s) or group that generated the externality incorporate into their own private cost-benefit calculations the external benefits (in the case of a positive externality) or the external costs (in the case of a negative externality) that third parties bear.

4 0
3 years ago
Periodic Inventory-LIFO Jessie Stores uses the periodic system of calculating inventory. The following information is available
Gnoma [55]

Answer:

COGS= $130,000

Ending inventory= $110,000

Explanation:

Giving the following information:

Units sold= 500

Purchases:

Dec. 1= 300 units at $250

Dec. 8=  600 units at $275

<u>To calculate the cost of goods sold under the FIFO (first-in, first-out) method, we need to use the cost of the firsts units incorporated into inventory:</u>

COGS= 300*250 + 200*275

COGS= $130,000

<u>Now, the ending inventory:</u>

Ending inventory= 400*275= $110,000

7 0
2 years ago
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