Answer:
D. $19,610 debit
Explanation:
closing receivable =opening receivable +credit sale-amount collected
Closing receivable=12770+34200-27360
Closing recievable=19610 debit balance
<u>Calculation of Return on Equity:</u>
Return on Equity can be calculated using the following formula:
Return on Equity = Net Income / Equity
We can calculate net income using the following formula:
Net Income = Sales * Profit Margin = 3650*5% = $182.50
And we can calculate Equity using the following formula:
Equity = Total Assets * (1-Total Debt ratio) = 3350*(1-41%) = $1976.50
Now Finally,
Return on Equity = Net Income / Equity = 182.50 / 1976.50 = 9.23%
Hence the return on equity is <u>9.23%</u>
Answer:
The answer is: Tim forgot to get a building permit
Explanation:
In order to convert a mobile home into real property, these conditions must be met:
- homeowner must obtain a building permit
- the mobile home must be attached to a permanent foundation
- homeowner must obtain a Certificate of Occupancy
- you must have a record stating that the mobile home has been attached to a permanent foundation
Tim complied with three out of the four requirements needed to convert his mobile home into real property, but he forgot the first step.
The best thing that Jeff will do in this situation is to
conduct an examination in terms of the grievant’s personnel records as this is
only best and appropriate that Jeff to review the files of his employees in
solving the problem.
I think, there should be options to choose. Anyway, my answer is: The aim of <span>customer relationship </span>is to produce high customer equity, the total combined customer lifetime values of all of the company's customers.
