Answer:
debit cost income is $23000
Explanation:
given data
discounts = $100
sold = $22,000
expenses = $1,100
to find out
The second entry in the closing process
solution
we know that sale discount is $100 and other expensive is $1100
so total debit cost income is in 2nd entry would be here $100 +$1100 + good sold
so we say in 2nd entry
debit cost income = $1200 + $22000
debit cost income is $23000
Answer:
A. 100,000 equivalent units
Explanation:
Calculation for what the Total equivalent units for Material P under the weighted-average method are calculated to
First step is to calculate the Unit transferred out
Unit transferred out = 28,000+72,000-16,000
Unit transferred out =84,000
Now let calculate the Total equivalent units for Material P
Total Equivalent unit of material P = 84,000+16,000
Total Equivalent unit of material P = 100,000
Therefore the Total equivalent units for Material P under the weighted-average method are calculated to 100,000 equivalent units
In this instance, Xavier and Shawn are general partners. In this arrangement, all partners are equally responsible for the business, meaning they are both liable for any financial loss. LLC would protect their personal assets from this type of claim. Obviously, this isn't a sole proprietorship because there is more than one owner.
Answer:
Honestly I think it would be mostly negative without the internet, because if the internet got shut down we would not be where we are now today
Explanation:
:)))
If Randolph co. has sales of $3,000,000, net income of $200,000, and total asset turnover of 1. 5x
<u>Return on Assets</u>:
ROA = Profit margin x Asset turnover
ROA=($200,000/$3,000,000) x 1.5 = 0.099
Return on assets compares the asset worth of a company with the profits it makes over a predetermined time period. Managers and financial analysts use return on assets as a measure to assess how well a company is utilizing its resources to generate profits.
An effective indicator for assessing a single company's performance is return on assets. When a company's ROA increases over time, it shows that it is extracting more profit from every dollar of assets it owns. Typically, a ROA of 5% or above is seen as good; a ROA of 20% or higher is regarded as great.
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