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
raketka [301]
2 years ago
14

Swiss Group reports net income of $40,000 for 2019. At the beginning of 2019, Swiss Group had $200,000 in assets. By the end of

2019, assets had grown to $300,000. What is Swiss Group's 2016 return on assets? How would you assess its performance if competitors average an 11% return on assets?
Business
1 answer:
Sati [7]2 years ago
8 0

Answer:

For the tear 2019, net income is 40,000

Beginning of the year 2019, asset of the S are 200,000

Ending of the year 2019, asset of the S are 300,000

Average asset for 2019= Beginning assets + Closing assets / 2

Average asset for 2019= 200,000 + 300,000 / 2

Average asset for 2019= $250,000

Return on assets = Net income / Average assets * 100%

= 40,000 / 250,000 * 100

=16%

Thus, the return on assets is 16%

Conclusion: If the average return of assets of the competitors are 11%, It means S uses the assets efficient manner, so performance of the S is very good ad return of the S is higher than competitors on asset

You might be interested in
Which retail chain has a logo featuring a caricature of the faces of the three founders?.
nignag [31]

The retail chain that  has a logo featuring a caricature of the faces of the three founders is Pep Boys.

<h3>What is a retail chain ?</h3>

A retail chain  can be regarded as a retail outlet that has several locations share a brand, central management with business practices.

Pep Boys  which is an American automotive aftermarket service chain featured caricature of the faces of the three founders and was a company was founded in Philadelphia, Pennsylvania.

Learn more about retail chain  at;

brainly.com/question/24448358

6 0
2 years ago
93) Jack Corporation purchased a 20% interest in Jill Corporation for $1,500,000 on January 1, 2021. Jack can significantly infl
Yanka [14]

Answer:

$1,200,000

Explanation:

Jack Corporation

Carrying value before net loss:

($1,500,000 - (20% x $1,000,000))

=$1,500,000-$200,000

= $1,300,000

Jack's share of net loss recognized in full:

20% x $6,000,000

= $1,200,000

Therefore the amount of loss should Jack report in its income statement for 2021 relative to its investment in Jill will be $1,200,000

8 0
3 years ago
The three common types of checking accounts are basic, interest-bearing, and lifeline?
otez555 [7]

Answer:

True

Explanation:

Quizlet: Name three common types of checking account? basic checking account, interest-banking checking account, and Lifeline checking accounts.

3 0
2 years ago
hen calculating the cost of direct materials on the schedule of cost of goods manufactured, the cost of indirect materials is __
Kisachek [45]

It should be noted that When calculating the cost of direct materials on the Schedule of Costs of Goods Manufactured,

The  cost of indirect materials must be Subtracted from raw materials used in production.

<h3>What are Direct material costs ?</h3>

Direct material costs  can be regarded as those cost of the raw materials as well as those components used in making the product.

Therefore, the cost of indirect material is required to be Subtracted from raw materials used in production.

learn more about Direct material cost at:

brainly.com/question/25790358

7 0
2 years ago
Despite its vivid design, the website for Lolly's Bookstore did not seem to attract customers who lingered. In fact, most websit
Brilliant_brown [7]

Answer:

d. bounce rates

Explanation:

According to my research on web-page development and maintenance, I can say that based on the information provided within the question the owner needs to address the bounce rates. This term refers to the percentage of visitors to a particular website who navigate away from the site after viewing only one page. Which is what is currently happening with the customers that Lolly's Bookstore is receiving.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
Other questions:
  • By offering a free dog biscuit with each cup of coffee, the Coffee Collective entices customers to visit its shop during the pet
    10·1 answer
  • "Recent research on emotionality produced a mouse with a nonfunctional gene for normal fear behavior." This mouse exhibits behav
    14·1 answer
  • Edelman Engines has $11 billion in total assets. Its balance sheet shows $1.1 billion in current liabilities, $7.7 billion in lo
    5·1 answer
  • When comparing mission statements of rival​ firms, perhaps the most important component to examine is​ what?
    6·1 answer
  • Rabbits have large ears. infer how this adaptation helps the rabbit meet its needs
    14·1 answer
  • With the segmentation variables identified, the VP of Marketing asks you to think about what the target market would look like f
    10·1 answer
  • What is an advantage of an adjustable-rate mortgage?
    10·2 answers
  • The shareholders of Flannery Company have voted in favor of a buyout offer from Stultz Corporation. Information about each firm
    11·1 answer
  • Help!
    14·1 answer
  • what are some of the biggest challenges in a for-profit business? (choose all that apply). a) make investment that consistently
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!