Answer:
$131,625
Explanation:
The computation of the net income for the year is shown below:
As we know that
Return on assets = net income ÷ average assets
0.15 = net income ÷ ($810,000 + $945,000) ÷ 2
0.15 = net income ÷ $877,500
So, the net income is
= $877,500 × 0.15
= $131,625
hence, the net income for the year is $131,625
We simply applied the above formula
Answer:
Analysis
Date Description Amount Account // Sales // Other
Receivables
9th Promissory Note 3,125 3,125
18th Cash Sale 306 306
27th J.Than Account <u> 1,165 1,165 </u>
Subtotals 4,596 1,165 306 3,125
Explanation:
We are required to record inthe cash receipts journal therefore, only thus transactions which involve the receipts of cash will be jounralize.
We will record the amount to get the total
And then, break it into account receivables, sales and other concepts.
<span>A closed system can allow transfer of energy into and out of the system without allowing matter to transfer as well. An example of such a closed system is the Earth itself, which transfers massive amounts of energy into and out of the atmosphere while transferring almost no matter.</span>
Answer:
The correct answer is $312.5.
Explanation:
According to the scenario, the computation of the given data are as follows:
The interest amount after one month of issue considered as accrued interest.
So, Face value = $45,000
interest rate = 12%
Period = 1 month
So, we can calculate the accrued interest by using following formula:
Accrued interest amount = ( FV × rate) ÷ 12
= ($45,000 × 12% ) ÷ 12
= $312.5
The most important reason for food handlers to understand and apply food safety knowledge is to prevent the spread of illnesses through food