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viktelen [127]
3 years ago
12

Zero Corp's total common equity at the end of last year was $350,000 and its net income was $70,000. What was its ROE

Business
1 answer:
Arturiano [62]3 years ago
5 0

Answer:

ROE = 20%

Explanation:

Given:

Common equity = $350,000

Net income = $70,000

Find:

ROE

Computation:

ROE = [Net income/Common equity]100

ROE = [$70,000/$350,000]100

ROE = 20%

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Consider the recorded transactions below.
AnnZ [28]

Answer:

1. T-accounts:

Accounts                           Debit        Credit

Accounts Receivable

Balance                           $4,200

Service Revenue              8,400

Cash                                                 10,200

Accounts                           Debit        Credit

Service Revenue

Accounts Receivable                         8,400

Accounts                           Debit        Credit

Supplies

Balance                              $400

Accounts Payable            2,300

Balance c/d                                       $2,700

Accounts                           Debit        Credit

Accounts Payable

Balance                                            $3,500

Supplies                                             2,300

Cash                                $3,700

Balance c/d                      $2,100

Accounts                           Debit        Credit

Cash Account

Balance                           $3,400

Accounts Receivable      10,200

Advertising                                       $1,000

Accounts Payable                              3,700

Deferred Revenue            1,100

Balance c/d                                    $10,000

Accounts                           Debit        Credit

Advertising Expense

Cash                                  1,000

Accounts                           Debit        Credit

Accounts Payable

Cash                                3,700

Accounts                           Debit        Credit

Deferred Revenue

Balance                                             $300

Cash                                                   1,100

Balance c/d                      $1,400

Explanation:

a) Data:

General Entries:

Accounts                           Debit        Credit

1. Accounts Receivable   8,400

Service Revenue                                  8,400

2. Supplies                      2,300

Accounts Payable                                2,300

3. Cash                           10,200

Accounts Receivable                         10,200

4. Advertising Expense   1,000

Cash                                                     1,000

5. Accounts Payable      3,700

Cash                                                    3,700

6. Cash                            1,100

Deferred Revenue                              1,100

b) The beginning balance of each account before the transactions is:

Cash, $3,400

Accounts Receivable, $4,200

Supplies, $400

Accounts Payable, $3,500

Deferred Revenue, $300

6 0
3 years ago
Suppose that work hours in New Zombie are 300 in year 1 and productivity is $10 per hour worked. What is New Zombie’s real GDP?
bulgar [2K]

Answer: Rate of economic growth = 28%

Explanation:

In year 1,

Work hours in New Zombie = 300

Productivity = $10 per hour worked

Real GDP in the given year = Productivity × Work hours

                                             = $10 × 300

                                             = $3,000

In year 2,

Work hours in New Zombie = 320

Productivity = $12 per hour worked

Real GDP in the given year = Productivity × Work hours

                                             = $12 × 320

                                             = $3,840

Rate of economic growth = \frac{Real\ GDP\ in\ year\ 2 - Real\ GDP\ in\ year\ 1}{Real\ GDP\ in\ year\ 1} \times100

                                          =  \frac{3,840 - 3,000}{3,000}\times100

                                          = 28%

8 0
3 years ago
____________ reflects the degree to which a person finds fulfillment in their job. a. Job involvement b. Organizational commitme
sukhopar [10]

It should be noted that Job satisfaction reflects the degree to which a person finds fulfillment in their job.

<h3>What is Job satisfaction?</h3>

Job satisfaction or employee satisfaction  can be regarded as the measure of workers' contentedness with their job.

Job satisfaction help the workers to be committed to his job.

Learn more about Job satisfaction at;

brainly.com/question/235909

5 0
2 years ago
Ryan could not stay awake at work ââ¬â and was unable to remember and keep track of key parts of his job. When questioned, he t
kaheart [24]

No you cannot fire someone for any sort of disability, it would be discrimination.


Hope this helped:)

3 0
3 years ago
Ken just purchased new furniture for his house at a cost of $16,400. The loan calls for weekly payments for the next 7 years at
____ [38]

Answer:

His payments are $64.63 every week.

Explanation:

P = Regular Payments  = ?

PV = Loan Amount  = $16,400

r = rate of interest  = 10.99%

n = no of periods  = 7 = 364

P = [r (PV) ]   /   [1 - (1 + r )^-n]

P = (10.99%/52)*16400   /   1 - [1 / (1 + 10.99%/52)^364)]

P = 34.66076923 /  1 - [1 / 2.156503587]

P = 34.66076923 / 0.53628642

P = 64.63107760588

P ≈ $64.63 weekly

6 0
3 years ago
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