1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kolbaska11 [484]
3 years ago
7

A company reports the following income statement and balance sheet information for the current year:

Business
2 answers:
Luda [366]3 years ago
6 0

Answer:

10.1%

Explanation:

Given the above information, return on total asset is computed as;

Return on total asset = Net income / Average total assets

Net income = $24,000

Average total assets = $4,200,000

Therefore,

Return on total assets = $424,000 / $4,200,000

Return on total assets = 10.1%

Georgia [21]3 years ago
4 0

Answer:

10.1%

Explanation:

Determine the return on total assets. (Round percentages to one decimal place.) <u>10.1%</u>

You might be interested in
Define the following terms:<br>recession:<br>depression:<br>expansion:<br>this is for economics.​
soldier1979 [14.2K]

Answer:

Explanation:

Recession- a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

depression- a overwhelming feeling of despair that often leads to sui.ci.al  thought or su.ic.ide .

expansion- the action of becoming larger or more extensive.

6 0
2 years ago
Which of the following best describes how auto insurance companies manage risk
vfiekz [6]
<span>Which of the following best describes how auto insurance companies manage risk? Auto insurance companies will charge rates based on what they think is appropriate in regards to how likely you are to file a claim. They take into account many factors that will relate to filing a claim in the future and what you have done in the past. By evaluating these, they are determining the risk and how to manage it. </span>
6 0
3 years ago
epartments have estimated annual factory overhead costs of $256,000 and $480,000, respectively. The Fabrication Dept. expects 25
Phoenix [80]

Answer:

Factory overhead cost charged to each unit:

                                                     Fabrication     Assembly

Factory overhead rates                  $10.24             $0.81

Machine hours per unit                   5

Direct labor cost per unit                                       $118.40

Factory overhead cost per unit   $51.20             $95.90

Explanation:

a) Data and Calculations:

                                         Fabrication            Assembly

Annual overhead costs  $256,000              $480,000

Expected machine hours   25,000                             0

Expected direct labor costs         0               $592,000

Overhead rates                $10.24                  $0.81

                         ($256,000/25,000)             ($480,000/$592,000)

Assuming number of units produced = 5,000

Each unit will consume   5 (25,000/5,000)   $118.40 ($592,000/5,000)

                                    machine hours           direct labor cost

Overhead cost per unit = $51.20                  $95.90

                                     ($10.24 * 5)               ($118.40 * $0.81)

5 0
2 years ago
In addition to compensation, customers expect _____. in other words, they expect fairness in terms of policies, rules and timeli
konstantin123 [22]
The answer to this question is "OUTCOME FAIRNESS". Such as in addition to compensation, the customers expect OUTCOME FAIRNESS. In other words, the customers expect fairness in terms of policies, rules, guidelines, and timeless of the complaint process. Therefore, the answer is the last item in the choices which is outcome fairness.
4 0
2 years ago
Please help branliest to correct answer no guessing please
timofeeve [1]

Answer:

Education..

Explanation:

Hope i helped u..

4 0
3 years ago
Other questions:
  • If Joey purchased a $100,000 house with a 20 percent down payment and borrowed the rest on a 30-year mortgage at 5% interest, wh
    5·1 answer
  • Scientists compare the constant motion and cooperating, flowing rhythmical movement of particles to the idea of dance. Santhanam
    11·1 answer
  • _____ are financial intermediaries that obtain funds by accepting checking and savings deposits from individuals, businesses, an
    9·1 answer
  • Suppose the local pharmacy charges different prices to senior citizens than it charges to younger customers. The pharmacy should
    12·1 answer
  • Millions of investors trade in primary and secondary markets. To protect their interests and to help maintain market_______ , th
    11·1 answer
  • When there are many producers and many consumers in an​ economy, the best way to achieve an efficient allocation of resources is
    10·1 answer
  • Question below:
    6·1 answer
  • Consider how health insurance affects the quantity of healthcare services performed. Suppose that the typical medical procedure
    15·1 answer
  • True or false: it is generally the case that indifference curves have the same shape across all consumers.
    6·1 answer
  • if the income elasticity of tomatoes is estimated to approximate 0.25, what would you expect to happen to the consumption of tom
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!