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Elenna [48]
3 years ago
15

The 2011 balance sheet of The Washington Post Company shows average shareholders’ equity of $2,726,277, net income of $117,157,

and average assets of $2,414,864. The company’s return on equity (ROE) for the year is:
Business
1 answer:
alexandr402 [8]3 years ago
7 0

Answer:

The answer is 4.3 percent.

Explanation:

The return on equity is one of the profitability metrics. It evaluates how investors' money is being used efficiently.

The formula is net income ÷ average shareholders’ equity.

Net income is $117,157

Average shareholders’ equity is

$2,726,277.

So we have;

($117,157 ÷ $2,726,277) x 100

4.3 percent.

This means for everydollar of shareholders' equity, Washington Post Company realized 4.3 percents in profit.

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Explanation: The balance of the company before the settlement was $ 5000. The data to take into account to adjust the differences are:

Notes collected by the bank $ 2,200

Service fee $ 50

<u>Therefore: 5000 + 2200 - 50 = $7150</u>

6 0
3 years ago
How do you calculate the variable cost?
NikAS [45]

Calculate total variable cost by multiplying the cost to make one unit of your product by the number of products you've developed. For example, if it costs $60 to make one unit of your product, and you've made 20 units, your total variable cost is $60 x 20, or $1,200.

Hope this helps have a great day :)

6 0
2 years ago
During the​ year, Sheldon Company had net credit sales of $ 47 comma 000. At the end of the​ year, before adjusting​ entries, th
Maru [420]

Answer:

The balance of allowance for doubtful accounts is $ 1,880

Explanation:

Computation of balance in Allowance for Bad Debts

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The balance is based on a % to credit sales basis. The bad debts expense for the year considers the balance in the allowance for doubtful accounts and the accounting entry is an adjustment amount.

4 0
3 years ago
Contracts drafted under a common law framework tend to be
Fynjy0 [20]

Answer:

In detailed along with all the contingencies that are spelled out.

Explanation:

Common law is the body which is of legal rules that have been made or build through the judges as they will issue the rulings on cases, which is opposed to the rules and the laws which were made through the official statutes or the legislature.

Under the common law, the contracts are made or stated or drafted so that they will provide a brief as well as detailed rules along with all the possible contingencies which were spelled out or made out.

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3 years ago
How aggressively should TJX expand globally, and where, and when, to maximize the value of the company shareholders?
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6 0
3 years ago
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