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raketka [301]
3 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]3 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

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C.S. Sandhill Company had the following transactions involving notes payable. July 1, 2022 Borrows $62,000 from First National B
netineya [11]

Answer:

C.S. Sandhill Company

Journal Entries:

July 1, 2022

Debit Cash $62,000  

Credit 9-month, 8% Notes Payable (First National Bank) $62,000

To record signing of a 9-month 8% notes payable for cash borrowed.

Nov. 1, 2022

Debit Cash $65,000

Credit 3-month, 6% Notes Payable (Lyon County State Bank) $65,000

To record the signing of a 3-month 6% notes payable for cash borrowed.

Dec. 31, 2022

Debit Interest Expense $3,130

Credit Interest Payable $3,130

To record interest expense for the two notes.  See calculations below.

Feb. 1, 2023

Debit 3-month, 6% Notes Payable (Lyon County State Bank) $65,000

Debit Interest Payable $650

Debit Interest Expense $325

Credit Cash $65,975

To record the repayment of the notes payable with interest due.

Apr. 1, 2023

Debit 9-month, 8% Notes Payable (First National Bank) $62,000

Debit Interest Payable $2,480

Debit Interest Expense $1,240

Credit Cash $65,720

To record the repayment of the notes payable with interest due.

Explanation:

a) Data and Analysis:

July 1, 2022 Cash $62,000  9-month, 8% Notes Payable (First National Bank) $62,000

Nov. 1, 2022 Cash $65,000 3-month, 6% Notes Payable (Lyon County State Bank) $65,000

Dec. 31, 2022 Interest Expense $3,130 Interest Payable $3,130 ($62,000 * 8% * 6/12) + ($65,000 * 6% * 2/12)

Feb. 1, 2023 3-month, 6% Notes Payable (Lyon County State Bank) $65,000 Interest Payable $650 Interest Expense $325 Cash $65,975 (Interest expense = $325 ($65,000 * 6% * 1/12)

Apr. 1, 2023 9-month, 8% Notes Payable (First National Bank) $62,000 Interest Payable $2,480 Interest Expense $1,240 Cash $65,720 (Interest expense = $1,240 ($62,000 * 8% * 3/12)

3 0
3 years ago
How can discussions,projects,campaigns and events support victims of xenophobia​
charle [14.2K]

Answer: They can raise awareness

Explanation:

Xenophobic victims have been through a lot of discrimination, hatred, physical abuse in most scenario. What most of them need in most cases are encouragement, opportunities to help them better.

Any project, campaign and event done would also raise awareness to those discriminating against them to understand that there is no need for that, most times some of this programs are for raising the awareness and when these awareness are raised they help the sanity of the environment where this xenophobic activities happen previously.

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Smith Jones Inc.'s stockholders are mostly individual investors, and there is relatively little institutional ownership. If seve
Anastasy [175]

Answer:

Small individual investors will benefit the most.

Explanation:

From the case given, it can be established that small individual investors represent the bulk of shareholders or business owners.

Also, from Smith Jones stock, we see that Pension and Mutual Fund constitute a bulk in the share position, and the direct intervention of shareholders motivate the management.

From the foregoing analysis, the shareholders holders have thus seek to incorporate corporate governance in the organization as a tool to reduce the agency problem between business owners and management. By this, management objectives and the shareholders could be aligned. The business owners singular objective is the profit maximization of their wealth, while the management is interested in their job security, status, mutual funds, pension and all. Since this objective of management has been duly taken care of by the shareholders, it is believer that this will boost the management morale and ultimately improve their performance. The result is thus increase in organisational performance with resultant growth in profit, share price and returns from the business. These are benefits to the individual investors.

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mestny [16]
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3 years ago
Read 2 more answers
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Answer:

No

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