A return on assets of 9% means that a company is earning: Select one:a $9 return on every $100 of cost of goods sold.a $9 return on every $100 of...
View the step-by-step solution to:

Question

A return on assets of 9% means that a company is earning:

Select one:

a. a $9 return on every $100 of

cost of goods sold.

b. a $9 return on every $100 of liabilities.

c. a $9 return on every $100 of total assets.

d. a $9 return on every $100 of revenue.


Jay Inc. estimates uncollectible accounts using the percentage-of-receivables method and expects that 3.5% of outstanding receivables will be uncollectible for 2016. The balance in Accounts Receivable is $243,000, and the Allowance for Doubtful Accounts has a credit balance of $4,300 before adjustments at year-end. The Bad Debt Expense for 2016 will be:

Select one:

a. $8,505

b. $4,300

c. $4,205

d. $5,423


Which of the following statements is false?

Select one:

a. All these statements are true.

b. The Allowance for Doubtful Accounts reduces Accounts Receivables to their net realizable value.

c. A bad debt expense reduces net income.

d. The percentage-of-receivables method may use either an overall rate or a different rate for each age category.



The following information applies to Johnson Company for 2018: 

  • Stock market price, December 31, 2018: $110
  • Common shares outstanding, December 31, 2018: 350,000
  • Net Income for year 2018: $1,300,000 
  • Retained Earnings, January 1, 2018: $4,090,000

On December 31, 2018, Johnson decides to pay the maximum amount it can in dividends to its shareholders. What is the dividend yield ratio?

Select one:

a. 14%

b. 10.62%

c. 3.38%

d. None of the these

Top Answer

1). C.a $9 return on every $100 of total... View the full answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question