Internal growth rate = Net income / Total Assets
Net income = $68,200
Total assets = $687,300
Internal growth rate
= $68,200 / $687,300
= 0.099228 x 100%
= 9.92 %
Fried Donuts has an internal growth rate of 9.92%.
Answer: Option (C)
Explanation:
The known key difference in between the leading and lagging strand can be described as that leading strand is referred to as DNA strand, that tends to grows continuously during the process of DNA replication on the other hand lagging strand is known as DNA strand, which tends to grow discontinuously by formulating the segments referred to as the Okazaki fragments.
The following are the adjusting entries:
- Wages Expense 8000
Wages Payable 8000
- Depreciation Expense – Equipment 18000
Accumulated Depreciation – Equipment 18000
- Office Supplies Expense 5000
Office Supplies 5000
- Insurance Expense 2800
Prepaid Insurance 2800
- Interest Receivable 1050
Interest Revenue 1050
- Interest Expense 2500
Interest Payable 2500