Answer:
$42,500
Explanation:
Given that,
Beginning total assets = $400,000
Ending total assets = $450,000
Average total assets = (Beginning total assets + Ending total assets) ÷ 2
= ($400,000 + $450,000) ÷ 2
= $425,000
Return on assets = 10%
Net Income ÷ Average total assets = 0.1
Net Income ÷ $425,000 = 0.1
Net Income = 0.1 × $425,000
= $42,500
Therefore, the Sub America's net income for the year is $42,500.
Answer:
Bank adjusted balance 5,720
Explanation:
6,300
-840 outstanding check
+260 deposit in ransit
5,720 bank adjustment balance
<em><u>Notes:</u></em>
- the bookkepper error needs to be done on books cash account
- the service charge are included in the bank statemnt, is at adjustment to the book cash
- the interest revenue is also 22 an adjustment for the book cash account
Answer:
high-context culture
Explanation:
A high-context culture is a form of communicating with people in which the language and its rules play a very blurred role. The communication is primarily executed through the use of contextual elements like the language of the body, the tone used. Only the required information is set out for communication and the verbal expressions are kept aside. The members focus primarily on interpersonal relationships.
Answer:
Dr Cash $1,500
Cr Account Receivable $1,500
Explanation:
Based on the information given we were told that Adriana receives the amount of $1,500 from a client that was billed in a previous month for services provided which therefore means that the appropriate general journal entries that Adriana Graphic Design will make to record this transaction is:
Dr Cash $1,500
Cr Account Receivable $1,500
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<h3>a) = 25% × $350,000 ÷ 100</h3><h3> = <u>$87,500</u></h3><h3 /><h3 /><h3>b) = $350,000 - $87,500</h3><h3> = <u>$262,500</u></h3>
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