All categories

3 years ago

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

highland, inc., an engineering firm, uses a job order costing system to accumulate clientminus−related costs. the predetermine

Reil [10]

Answer:

$3,960

Explanation:

Missing data in the question are highlighted in bold fonts.

Highland, Inc., an engineering firm, uses a job order costing system to accumulate client−related costs. The predetermined overhead allocation rate is 50% of staff labor cost. The work by engineers is charged to jobs at a rate of $33 per staff labor hour. A recent job for a client used 80 staff labor hours. How much was the total job cost?

Calculation for total job cost:

Predetermined overhead allocation rate is 50% of staff labor cost

Rate per staff = $33 per staff

Labor hours = 80 hours

Formula for total job (labor) cost: Labor cost + Overhead cost

Labor cost = Labor hours × Rate per staff = 80 hours × $33 per staff = $2,640

Overhead cost = 50% of Labor cost = 0.5 × $2,640 = $1,320

total job (labor) cost: Labor cost + Overhead cost = $2,640 + $1,320 = $3,960

Therefore, the total job cost is $3,960.

3 0

3 years ago

_____ refers to the actions of consumers directly involved in obtaining, consuming, and disposing of products, and the decision

Rashid [163]

Answer:

Consumer behavior

Explanation:

It is the decision process in which consumers evaluate, select, acquire, use and dispose goods and services to satisfy their needs and wants. It covers what they buy, why, when, how, where and how often. Consumer behavior involves mental, emotional and physical activities.

3 0

3 years ago

Jason purchased his dream home six months ago. after jason received an inheritance from his uncle, he decided to pay off his mor

iogann1982 [59]

Whether or whether he'll be charged a prepayment penalty.

Some loan agreements stipulate a prepayment penalty to make up for the interest that is not paid to the lender when the borrower repays the loan earlier than anticipated.

When you pay off your mortgage debt in full or in part early, some lenders charge you a fee known as a mortgage prepayment penalty. In order to allow loan lenders to collect interest, the penalty rate encourages borrowers to repay their debt slowly over an extended period of time. If you want to avoid prepayment penalties, you can simply wait until they are no longer an issue before paying off or refinancing your loan. Alternately, you could incur higher expenses that are within the parameters of how much of your loan you can repay each year without incurring early repayment penalties.

Learn more about mortgage penalties here:

brainly.com/question/28204130

#SPJ4

6 0

2 years ago

Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most bal

dlinn [17]

Answer:

Explanation:

The GDP deflator for this year is calculated by dividing the value of all goods and services produced in the economy this year using this year's price by the value of all goods and services in the economy this year using base price year's and multiplying by 100. However, the CPI reflects only the prices of all goods and services bought by the consumers.

5 0

3 years ago

Animeat is a company that sells food for exotic animals in the UAE. Business is going well but they predict they will have some

N76 [4]

Answer:

Animeat should access a flexible line of credit.

Explanation:

While it is common knowledge that businesses including those that are profitable would at one time or another have cash flow problems, yet it is pertinent for business owners and managers to always plan ahead against lack or shortage of cash flow as such could lead to total collapse of the business or customers/suppliers loss.

With regard to the above scenario, I would suggest Animeat access a flexible line of credit like invoice finance,overdraft facilities or short term business loan etc, inorder to meet up with it's food supply when the time comes. This would give the business quick access to funds/cash hence cushion the effect of cash flow problem during the predicted time.

The most important source of finance is to find the one that suit the business need and in which interest payment will be seamless so that available cash will not be depleted.

3 0

3 years ago