Tidwell Company has provided the following partial comparative balance sheets and the income statement for 20X2.

An arena makes profits of $150,000, $75,000, and $1,250,000 from concerts, circuses, and UFC events, respectively. What are the

vovangra [49]

10%, 6%, and 85%, respectively

4 0

2 years ago

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Profitability Ratios PJ's Ice Cream Parlor has asked you to help piece together financial information on the firm for the most c

Elodia [21]

Answer:

The return on assets = 6.53%

Explanation:

Since the debt ratio is 0.47 and the total debt value is $23 million By applying the debt equity formula we can find out the total debt value which is shown below:

Debt ratio = (Total debt ÷ Total assets)

0.47 = ($23 million ÷ Total assets)

So, the total assets = $23 million ÷ 0.47 = $48.94 million

And, the total assets would be equal to

= Total debt + total equity

$48.94 million = $23 million + total equity

So, total equity = $48.94 million - $23 million = $25.94 million

The return on equity is 12.3%. So, here we apply the return on equity formula which is shown below:

Return on equity = (Net income) ÷ (total equity)

12.3% = Net income ÷ $26 million

So, the net income would be $3.198 million

And, Return on assets = (Net income) ÷ (total assets)

= $3.198 million ÷ $48.94 million

Hence, the return on assets = 6.53%

5 0

2 years ago

While reconciling your check register to your bank statement, you notice that your check register balance is $1250.00, while you

muminat

Answer:

You could have done a transaction that you didn't take into consideration in the check register.

this might be:

1. check

2. debit card withdrawal or POS transaction

3. Bank charges

4. fees for an order of checks

6 0

2 years ago

Every year since 2010 Jersey Mike's has hosted an annual one-day-event where 100% of their sales are donated to a charity of the

jasenka [17]

Answer:

(A) Cause Marketing

Explanation:

Cause marketing occurs when a profit oriented organisation and a non-profit oriented organisation collaborate with the aim of deriving mutual benefits in terms of profitable and societal benefits for the two organisations.

Advantages of cause marketing are that it enhances connection with the public, it produces social value, it enables shared value to be communicated, and also brings about increase in profit.

However, there are also some concerns about cause marketing. For example, consumers may not trust the organisation that is doing it and tagged it as a deceitful effort to increase customers loyalty. In addition, cause marketing may also lead to a rise in the price of products being used under cause marketing.

From the explanation above,these events that Jersey Mike's funds every year are best described as cause marketing.

I wish you the best.

4 0

2 years ago

Identify whether the following paragraph uses a direct, indirect, or semi-indirect organizational pattern.

Anna007 [38]

Answer:

Correct answer is B that is <u>Indirect Organizational Pattern</u>

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2 years ago

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