Business, 01.10.2019 22:00, gabbysanchez5976
The 2021 income statement for anderson tv and appliance reported net sales of $260,000 and net income of $60,000. average total assets for 2021 was $800,000. shareholders’ equity at the beginning of the year was $500,000 and $20,000 was paid to shareholders as dividends. there were no other shareholders’ equity transactions that occurred during the year. calculate the profit margin on sales, return on assets, and return on equity for 2021.
Answers: 2
Business, 22.06.2019 11:10, Emmaxox715
Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na
Answers: 1
The 2021 income statement for anderson tv and appliance reported net sales of $260,000 and net incom...
Mathematics, 17.10.2019 23:40
Mathematics, 17.10.2019 23:40
Mathematics, 17.10.2019 23:40
Mathematics, 17.10.2019 23:40