Answer:
2016 net return on assets is 3.88%
2015 net return on assets is 4.46%
Explanation:
The net return on assets is a profitability ratio that compares net income of a business with the capital assets (fixed assets used in generating such net income,hence it is a comparative performance metric not an absolute like net income as it a profit figure might be misleading if not viewed viz-a-viz the amount of resources deployed to generating it.
net return on assets=net income/total assets:
2016:
net income is $298,300
total assets is $7,694,748
Net return on assets=$298,300/ $7,694,748=3.88%
2015:
net income is $309,120
total assets is $6,925,273
Net return on assets=$309,120/$6,925,273=4.46%
LAST QUESTION ANSWER: Federal Trade Commission (FTC)
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Answer:
$360
Explanation:
Interest Expense associated with the loan is the only operating cash flow. We need to calculate the interest expense first
As the note is issued on August 1, year 1, only 5 months has been passed on December 31, year 1, So we calculate the interest expense for only 5 months.
Interest Expense = Value of Note x Stated Interest rate x 5/12 = $10,800 x 8% x 5/12 = $360
It is assumed that the interest is paid on December 31, year 1.