First answer - am i willing to share profits with other people
second answer: franchisee
third answer: good records
Answer:
A) 912,000 net income
B) ROA = 9.31%
C) ROE = 14.95%
Explanation:
a) net income:
sales x profit margin = net income
15,200,000 x 6% = 912,000 net income
b) ROA = return on assets
912,000/9,800,000 = 0,0930612 = 9.31%
b) ROE = return on equity
we use accounting equation to solve for equity:
aasets = liab + equity
9.8 M = 3.7M + E
E = 9.8 - 3.7 = 6.1
912,000/6,1000,000 = 0,1495081 = 14.95%
The correct option is (c) note receivable
A formal credit arrangement between a creditor and debtor is called note receivable.
<h3>What receivable means?</h3>
Receivables, sometimes referred to as accounts receivable, are sums of money owing to a business by its clients for products or services that have already been provided or utilized but have not yet been paid for.
<h3>Is note receivable a debit or credit?</h3>
debit
Notes receivable typically have a debit balance. Debits increase notes receivable and credits decrease them, just like with other assets.
<h3>What type of account is notes receivable?</h3>
The value that a company is owed in promissory notes is recorded as notes receivable, which makes them an asset.
To learn more about note receivable visit:
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