Answer:
The Return on total assets is 7.3%. The right answer is c
Explanation:
In order to calculate the the return on total assets we would have to calculate the following formula:
Return on total assets = Earnings before interest and taxes / Average total assets
Earnings before interest and taxes=Net income + Interest expense
Net income=$21,643
Interest expense=$4,450
Average total assets
=$359,218
Return on total assets= ($21,643 + $4,450) / $359,218
Return on total assets=0.0726=7.3%
The Return on total assets is 7.3%
Answer:
The statement of cash flows is one of the most important financial statements of a company, since a company might be very profitable but if it doesn't have enough cash to function, then it will go bankrupt. This is normally more important when things are not going well, e.g. Ford didn't go bankrupt during the great recession because it had lots of cash, while GM and Chrysler ran out of cash and had to be bailed out.
Companies can survive without making any profits during many years and still be a success, e.g. Amazon, but no company can survive without cash. In finance and investing, cash is king.
The two ways to calculate cash flows are the direct and indirect method. The direct method is calculating through the differences between cash inflows and outflows. On the other hand, the indirect method starts with net income and is then adjusted for depreciation and amortization, increase in accounts receivables, etc.
Personally, I prefer the indirect method because it is much more simple to prepare and understand. Folks at FASB and IASB prefer the direct method because according to them it provides a clearer picture of the company's cash outflows and inflows. It sounds reasonable until you learn that companies that present the cash flows using the direct method must also present them using the indirect method. Or the companies can simply present the indirect method. So I'm not really sure that their argument is very solid.
Answer:
Collection management system is the system that is used to keep It is used to achieve and cataloging the objects in the museum.
Explanation:
The management of museum collection is a work of responsibilities. The official recorded information is created, maintained and received. As all the objects that comes under the collection have documentation and recorded information. The main target of the management to focus on the documentation and policy standard.
If the lack of security is the compromise with the collection of catalog information, recorded data, policies and cataloging and curation. It threaten the role of keeping the record information safe, and appropriate. The planned and systematic record of collection management improves the activities and the program that is designed to keep safe collection in museum.
Answer:
$864
Explanation:
Double-declining-balance charges a higher depreciation in early years of the asset and lower in the later years using the formula :
Depreciation expense = 2 x SLDP x BVSLDP
Where,
SLDP = 100 ÷ useful life
= 10 %
and
BVSLDP = Cost (1st year) and Book Value (any other year)
therefore,
Year 1
Depreciation expense = 2 x 10 % x $5,400
= $1,080
Year 2
Depreciation expense = 2 x 10 % x ($5,400 - $1,080)
= $864
thus
The depreciation expense for the second-year of its useful life using the double-declining-balance method is $864.
Answer:
$24,000
Explanation:
Accrued Liabilities-Beginning Balance $3,000
Liabilities accrued for operating expenses for the year $26,000
Less: Accrue Liabilities -ending balance ($5,000)
Cash Paid to suppliers $24,000
The Cash paid to suppliers will be shown in operating activities section of direct method of cash flow statement
