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Juliette [100K]
3 years ago
10

What would be the return on total assets of a firm if net income is $50,000, total sales are $100,000, and total assets are $175

,000
Business
1 answer:
lesantik [10]3 years ago
7 0

Answer: 28.6%

Explanation:

The return on the total asset of a firm will be calculated as the net income divided by the total asset and this will be:

=Net income / Total assets

=50,000/175,000

=28.6%

Therefore, return on total asset is 28.6%

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The transactions of Spade Company appear below.
torisob [31]

Answer:

Please see the required journals below.

Explanation:

a. Owner's investment in business

Debit Cash $18,750

Credit Common Stock $18,750

b. Purchase of office supplies

Debit Office Supplies $544

Credit Cash $544

c. Purchase of office equipment on credit

Debit Office Equipment $10,369

Credit Accounts Payable $10,369

d. Receipt of fees for services provided to a customer

Debit Cash $2,212

Credit Fees Earned $2,212

e. Payment of office equipment purchased on credit

Debit Accounts Payable $10,369

Credit Cash $10,369

f. Fees for services provided to a customer

Debit Accounts Receivable $3,975

Credit Fees Earned $3,975

g. Payment for monthly rent

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Credit Cash $515

h. Collection of partial accounts receivable in (f) above

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Credit Accounts Receivable $1,670

i. Withdrawal of cash for personal use

Debit Drawings account $1,100

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5 0
3 years ago
According to the concept of comparative advantage, a good should be produced in that nation where?
snow_lady [41]

According to the concept of comparative advantage, a good should be produced in that nation where its <u>domestic </u><u>opportunity cost</u><u> is the least.</u>

This is further explained below.

<h3>What does the opportunity cost?</h3>

Generally, Opportunity cost, in microeconomics, refers to the value or advantage foregone by doing one action over another.

To put it another way: if you do one thing, you can't do anything other.

In conclusion, Opportunity cost, in microeconomics, refers to the value or advantage foregone by doing one action over another.

To put it another way: if you do one thing, you can't do anything other.

Read more about opportunity cost

brainly.com/question/13036997

#SPJ1

complete question

According to the concept of comparative advantage, a good should be produced in that nation where:

A) its domestic opportunity cost is greatest.

B) money is used as a medium of exchange.

C) its domestic opportunity cost is least.

D) the terms of trade are maximized.

7 0
2 years ago
In Dart Co.'s Year 2 single-step income statement, as prepared by Dart's controller, the section titled "Revenues" consisted of
Amanda [17]

Answer:

  • what amount should Dart report as total revenues?

B. $250,000

Explanation:

The option B is the answer because the others option are not part of revenues during the year to the single step income.

The recovery of accounts written off are not part of revenues, it's an adjustment to the allowance for uncollectible accounts.

Then, the Purchase discounts is not part of revenues either, this kind of discounts goes directly to the valuation of inventory and then to the cost of goods.

8 0
3 years ago
In a cap-and-trade system, ______ set(s) a regulatory cap (limit) on emissions and issue(s) pollution permits, and ______ can bu
Anna [14]

________________________________

<em>In a cap-and-trade system, </em><em><u>the </u></em><em><u>government</u></em><em> set(s) a regulatory cap (limit) on emissions and issue(s) pollution permits, and </em><em><u>polluters</u></em><em> can buy, sell, and trade these permits with others.</em>

<em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em>

<em>I</em><em>n</em><em> </em><em>a </em><em>cap </em><em>and </em><em>trade </em><em>system</em><em>,</em><em> </em><em>the </em><em>government</em><em> </em><em>sets </em><em>an </em><em>emissions</em><em> </em><em>cap </em><em>and </em><em>issues </em><em>a </em><em>quantity</em><em> </em><em>of </em><em>emission</em><em> </em><em>allowance</em><em>s</em><em> </em><em>consistent</em><em> </em><em>with </em><em>that </em><em>cap</em><em>.</em><em> </em><em>Emitters</em><em> </em><em>must </em><em>hold </em><em>allowances</em><em> </em><em>for </em><em>every </em><em>ton </em><em>of </em><em>greenhouse</em><em> </em><em>gas </em><em>they </em><em>emit</em><em>.</em><em> </em><em>Companies</em><em> </em><em>may </em><em>b</em><em>uy </em><em>and </em><em>sell </em><em>allowances,</em><em> </em><em>and </em><em>this </em><em>market </em><em>established</em><em> </em><em>an </em><em>emissions</em><em> </em><em>price</em><em>.</em>

<em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em><em>_</em>

4 0
2 years ago
In the event a firm goes bankrupt, an investment grade senior debenture bond is more likely to receive liquidation proceeds than
Elina [12.6K]
The answer that best fits the blank provided above is A SUBORDINATED DEBENTURE. Subordinated debenture is also known as subordinated debt. This kind of debt that ranks just below other loans whenever the company files bankruptcy. This is what is received instead of the liquidation proceeds.
3 0
3 years ago
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