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...
This question has been answered
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

Answered by Expert Tutors

consectetur adipiscing elit. Nam lacinia pulvinar to

usce dui lectus,

sum dolor sit amet, consectetur adipisc

sum dolor sit a

ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facil
Step-by-step explanation

ng elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna

, dictum vitae odio. Donec aliquet. Lorem ipsu

lestie consequat, ultrices ac magna. Fusce dui lectus,

rem ipsum dolor sit amet, consecte

usce dui lectus, congue ve

dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet.

m risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac,

a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae od

, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet.

ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consect

s a molestie consequat, ultrices ac ma

m ipsum dolor sit amet, c

a molestie consequat, ultrices ac ma

pulvinar tortor nec facil

l

Overall rating 100%
Subject: Accounting, Business
Get unstuck

408,707 students got unstuck by Course
Hero in the last week

step by step solutions

Our Expert Tutors provide step by step solutions to help you excel in your courses