Answer:
Correct option is B.
$278,000
Explanation:
Common Fixed Expenses = Office Administrative Assistant + Office Administrative Assistant + President's Salary
Common Fixed Expenses = $61,750 + $46,750 + $169,500
Common Fixed Expenses = $278,000
Answer:
c. Cute Camel's total current liabilities decreased by $172 million, while its long-term debt account decreased by $515 million
Since short term liabilities (current liabilities) increase while long term liabilities decrease, it means that the company is relying more on short term liabilities.
Explanation:
Option A is wrong because notes payable are generally part of long term liabilities. Only the portion of notes payable due within one year is reported as current liabilities.
Option B is wrong because long term liabilities increase much more than short term liabilities.
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
Answer:
all of them
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Explanation:
