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Law Incorporation [45]
3 years ago
6

River corp's total assets at the end of last year were $480,000 and its net income was $32,750. what was its return on total ass

ets?
Business
1 answer:
OverLord2011 [107]3 years ago
3 0

i belive the answer is <em><u>447,250 </u></em> of the net income

hope this helped you and make sure to rate this five

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A short-term liability is a payment that is due in 12 months or less. Hence notes payable due in six months is reported as a short-term liability.

<h3>What is a liability?</h3>

In the parlance of Accounting and Finance, a Liability is a financial obligation that the company owes to individuals, or organizations with which it has transactional or legal relationship.

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2 years ago
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3 years ago
Both buyers and sellers are price takers in a perfectly competitive market because
Paladinen [302]

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The price is determined by government intervention and dictated to buyers anti sellers each buyer and teller knows it it illegal to conspire to affect price.

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A perfectly competitive firm is a price taker, which implies that it must acknowledge the equilibrium price at which it sells products. In the event that a perfectly competitive firm attempts to charge even a modest sum more than the market price, it will be not able make any sales.

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