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3 years ago

Hot Shot Delivery Inc. provides the following year end data:

Business

1 answer:

damaskus [11]3 years ago

4 0

Answer:

c. 42.6%

Explanation:

Average total assets = $410,000+$257,000/2

Average total assets = $667,000

Average total assets = $333,500

Net income = $112,000

Interest expenses = $30,000

Return on total assets = Net income + Interest expenses / Average total assets

Return on total assets = $112,000 + $30,000 / $333,500

Return on total assets = 0.42388060

Return on total assets = 42.39%

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Jonathan is at the TOP MANAGEMENT LEVEL.
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4 years ago

Cash was paid by Janer's Cleaning Service to creditors on account. Which of the following entries for Janer's Cleaning Service r

Anna11 [10]

Answer:

The correct answer is b. Accounts Payable, debit; Accounts Receivable, credit.

Explanation:

Accounts payable (AP) represent the amount due on a specific date for the purchase of products or services. Accounts payable are recorded at the time an invoice is approved for payment and are recorded in the General Ledger (or in the CP auxiliary ledger) as a liability, pending payment or open because it has not been settled . Accounts payable are generally classified as Commercial Accounts Payable (that is, payable for the purchase of physical goods that are recorded as Inventory), and Accounts Payable for various Expenses (that is, payable for the purchase of goods and services that are billed). Some common examples of Expense Accounts Payable are advertising, travel, entertainment, office supplies, and services. CPs are a form of credit that providers offer their customers by allowing them to pay for a product or service after it has been received.

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4 years ago

[The following information applies to the questions displayed below.]

yawa3891 [41]

Answer:

Year 1

3,100,000 - 2,604,000 = 496,000 gross profit

Year 2

3,900,000 - 4,032,000

Explanation:

The percentage of completion will be matched with the amount of revenue recognized

Year 1

2,604,000 / (2,604,000 + 5,796,000)

= 0.31

Earned revenue

10,000,000 × 0.31 = 3,100,000

Year 2

4,032,000 / (4,032,000 + 1,764,000)

= 0.6956521739

Earned revenue

(10,000,000 × 0.70) - 3,100,000

3,900,000

Year 3.

Here, the entire revenue that is missing will be recognized.

10,000,000 - 3,100,000 - 3,900,000

3,000,000

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4 years ago

Price discrimination exists when a firm sells ________ goods at more than one price to ________ groups of customers.

bezimeni [28]

Answer:

identical, different is the answer.

Explanation:

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3 years ago

Suppose that Finanstagram has a capital structure of 30 percent equity, 70 percent debt, and that its before-tax cost of debt is

MrRissso [65]

Answer:

Please see attachment

Explanation:

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3 years ago