Based on the given scenario above, the correct answer for this would be option A. So based on Jessica's situation, the condition that the scenario describes would be UNLIMITED PERSONAL LIABILITY. Unlimited liability<span> refers to the legal obligations that one must assume. Hope this is the answer that you are looking for. </span>
The return on assets for Cruz Company with a total revenue of $80,175 and total expenses of $50,000, given average assets of $425,000 is 7.1%.
Return on Assets = Net Income/Average Assets x 100
= $30,175/$425,000 x 100
= 7.1%
- The return on assets indicates the profitability of Cruz Company relative to its assets. It is expressed as a percentage by dividing the Net Income with the Average Assets, then multiplied by 100.
Data and Calculations:
Revenue = $80,175
Expenses = $50,000
Net income = $30,175
Assets:
Beginning balance = $400,000
Ending balance = $450,000
Average assets = $425,000 ($400,000 + $450,000)/2
Thus, the return on assets equals 7.1% for the year.
Learn more about the return on assets at brainly.com/question/20114227
The correct option is ALL OF THE ABOVE.
The start up cost of a business refers to those costs that are incurred before the business start operation. Such costs include: rent, legal fees, insurance, start up equipment, etc,
Answer:
Ending stockholders equity 1,200,500
Explanation:
492,000 beginning RE
+92,000 retained earnings
-15,200 dividends
568,000 Ending RE
605,000 + 27,500 = 632,500 Ending Common Stock
632,500 + 568,000 = 1,200,500
