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jok3333 [9.3K]
2 years ago
7

Hot Shot Delivery Inc. provides the following year end data:

Business
1 answer:
saw5 [17]2 years ago
3 0

Answer:

27.3%

Explanation:

rate of retun on assets:

\frac{Income}{Assets} = $Assets rate of return

​where:

Net income:              112,000

2018 Assets:           410,000

\frac{112,000}{410,000} = $Assets rate of return

$Assets rate of return 0.2731707317073171‬ = 27.32%

During 2018 each dollar of assets generate 27.32 cents of income.

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The fungal division needs 10,000 plates of potato dextrose agar annually. Currently, the fungal division purchases them from Ari
guapka [62]

Answer: Greater than or equal to $25

Explanation:

Transfer price is the price at which products are sold between different departments of a firm.

The need for transfer price is borne out of the fact that some departments finished products are the raw materials for another

There is also the need for effective evaluation of the departments as a separate units .

Some Frm's usually gives there departments permission to sell at the prevailing market price considering the fact this is lowest price the buying department will be able to obtain it in the market.

In the example above the fungal division will only be able to obtain the product at the current market price of $25 which is the basis for this answer.

7 0
3 years ago
A market system is characterized by the private ownership of resources and the use of prices to coordinate economic activity tru
kodGreya [7K]
True

The market system presented in the question relates to a system of capitalism. In capitalism private ownership of resources is used to control, motivate and coordinate economic activity.

Contrast this with a system of socialism or communism, where the state, which represents the collective people, who control the ownership of resources and then use it control and coordinate economic activity. 

This contrast between private and public control of the resources is an essential component and critical idea in understanding the difference between free market systems that demand private enterprises be efficient and effective in the production and control of the resource, socialized systems which can limp along for years because of the public's support for their continuance.
8 0
3 years ago
Patti Company owns 80% of the common stock of Shannon, Inc. In the current year, Patti reports sales of
Nikitich [7]

Answer:

$7,604,500

Explanation:

Total cost of goods sold:

= Cost of goods sold of Patti Company + Cost of goods sold of Shannon Inc.

= $7,500,000 + $160,000

= $7,660,000

Consolidated cost of goods sold:

= Total cost of goods sold - Intra-Entity sales added in cost of goods sold of Shannon Inc. + Unrealized profit on ending inventory eliminated by adjusting cost of goods sold

=  $7,660,000 - $60,000 + ($60,000 × 0.25) × 30%

= $7,660,000 - $60,000 + $4,500

= $7,604,500

3 0
3 years ago
How do you actually do this? On there template and save it or make my own template.? So confused.
Elodia [21]

Answer:

The answer is in the picture, Thanks

Explanation:

7 0
3 years ago
The following is the operating section of the statement of cash flows (direct method) of Battery Builders, Inc.: Collections fro
Marizza181 [45]

Answer and Explanation:

The computation is shown below:

Sales ($28,000 + $3,000)  $31,000

Less: Cost of goods sold  ($13,000 + $2,000 - $3,000)  -$12,000

Operating expenses($9,000 - $2,000)  -$7,000

Depreciation expense -$4,000

Income tax expense  ($4,000 + $1,000)  -$5,000

Amortization expense -$1,000

Gain on sale of equipment $2,000

Net income $4,000

2.  

Net income $4,000

Add:  

Depreciation $4,000

Write-off of intangibles $1,000

Less:  

Gain on sale of equipment -$2,000

Cash flow before working capital changes  $7,000

Increase in accounts receivable -$3,000

Increase in inventory -$3000

Increase in accounts payable $2000

Decrease in accrued payable -$2000

Increase in deferred income taxes payable $1,000

Net Cash from Operations $2,000

6 0
2 years ago
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