<span>A bonded warehouse, or bond, is a building or other secured area in which dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. It may be managed by the state or by private enterprise.
Wikipedia Definition</span>
If Randolph co. has sales of $3,000,000, net income of $200,000, and total asset turnover of 1. 5x
<u>Return on Assets</u>:
ROA = Profit margin x Asset turnover
ROA=($200,000/$3,000,000) x 1.5 = 0.099
Return on assets compares the asset worth of a company with the profits it makes over a predetermined time period. Managers and financial analysts use return on assets as a measure to assess how well a company is utilizing its resources to generate profits.
An effective indicator for assessing a single company's performance is return on assets. When a company's ROA increases over time, it shows that it is extracting more profit from every dollar of assets it owns. Typically, a ROA of 5% or above is seen as good; a ROA of 20% or higher is regarded as great.
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Answer:
a. $140,000
Explanation:
Options are <em>"a. $140,000
, b. $100,000, c. $180,000
, d. $240,000
"</em>
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Capital Account = Fair value of the asset (i.e. Partner's investment is valued on fair value)
Date Account Debit Credit
Building $140,000
Partner's capital $140,000
True it doesn’t affect any other ones
