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...
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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

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