Advanced Water Services had net income for the month of October of $ 30,000. Assets as of
Question:
Advanced Water Services had net income for the month of October of $ 30,000. Assets as of the beginning and end of the month totaled, $ 355,000, and $ 345,000, respectively. Calculate Advanced Water Services’ return on assets (ROA) for the month of October.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 84% (13 reviews)
Return on assets Ne...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Accounting questions
-
Refined Water Services had net income for the month of October of $74,000. Assets as of the beginning and end of the month totaled $350,000, and $390,000, respectively. Calculate Refined Water...
-
Matured Water Services had net income for the month of October of $50,880. Assets as of the beginning and end of the month totaled $362,000, and $486,000, respectively. Calculate Matured Water...
-
The income statement of Benning Co. for the month of July shows net income of $1,400 based on Service Revenue $5,500, Wages Expense $2,300, Supplies Expense $1,200, and Utilities Expense $600. In...
-
On a cold winter day, the atmospheric temperature is - (on Celsius scale) which is below 0C. A cylindrical drum of height h made of a bad conductor is completely filled with water at 0C and is kept...
-
Calculate the concentration of pyridine, C5H5N, in a solution that is 0.15 M pyridinium bromide, C5H5NHBr. What is the pH of the solution?
-
When DeSoto Water Works purchased a machine at the end of 2010 at a cost of $65,000, the company debited Buildings and credited Cash $65,000. The error was discovered in 2011. What journal entry will...
-
In 2011, quarterbacks Tom Brady, Drew Brees, and Payton Manning, representing a class including current NFL players, claimed that a league-imposed lockout was a horizontal group boycott among...
-
Swasey Fabrication, Inc., manufactures frames for bicycles. Each frame passes through three processes: Cutting, Welding, and Painting. In September, the Cutting Department of the Tulsa, Oklahoma,...
-
In the database you have built, you need to create a relationship between two fields in two tables. Field 1 in Table A has the Number Data Type and Field 1 in Table B has the Currency Data Type. Will...
-
Modify the following SQL command so that the Rep_ID column is the PRIMARY KEY for the table and the default value of Y is assigned to the Comm column. (The Comm column indicates whether the sales...
-
Main Street Homes had the following cash transactions for the month ended July 31, 2014. Cash receipts: Collections from customers ......... $ 20,000 Issued common stock ............. 8,000 Cash...
-
Consider the following accounting terms and definitions and match each term to the definition: 1. Sole proprietorship 2. Faithful representation 3. Partnership 4. IFRS 5. Corporation 6. Audit 7. Cost...
-
Simplify each expression. 2(x - 3y + 2z) 1
-
Diamond has a density of 3.5 grams/cm 3 . The hope diamond weighs 9.1 grams. How many mL is the hope diamond?
-
D I AM ABLE TO RUNIT WITH OUT ERRORS> #include using namespace std; // Function to perform Warm-up exercise void performWarmUp(int warmUpReps) { cout < < "*** Warm-up Section ***" < < endl; for (int...
-
Briefly review the ten Principles outlined in Fr. Byron's book, "The Power of Principles" on Integrity, Veracity, Fairness (Justice), Human Dignity, Workplace Participation, Commitment, Social...
-
(a) Show that (2,1,6), (4,7,9) and (11,7,-12) are the vertices of a right triangle. (b) Find the area of the triangle.
-
Liam Co's December 31, 2021 and 2022 financial statements included the following information: 2022 2021 Accounts receivable $ 40,000 $ 36,000 Inventory 28,000 35,000 Net Sales 190,000 186,000 Cost of...
-
As the Internet radically changed how people live, learn, and work, new opportunities were emerging in many areas. Cisco president and CEO John Chambers knew that the Internets and Ciscos rapid...
-
Feller Company purchased a site for a limestone quarry for $100,000 on January 2, 2019. It estimate that the quarry will yield 400,000 tons of limestone. It estimates that its retirement obligation...
-
It is interesting to compare the risk of a fixed- and a floating-rate bond. Let us consider a bond with face value \(F=\$ 1000\), paying semiannual coupons, maturing at time \(T_{m}=4.75\) (four...
-
Walnut Park Senior Center has a weekly payroll of $7,500. December 31 falls on Wednesday, and Walnut Park Senior Center will pay its employees the following Monday (January 5) for the previous full...
-
Fly Away Travel borrowed $26,000 on August 1, 2016, by signing a one-year note payable to Region One Bank. Fly Aways interest expense on the note payable for the remainder of the fiscal year (August...
-
At the end of June, Gallio Dental had performed $8,000 of dental services but has not yet billed customers. Record the adjusting entry for accrued revenue.
-
3. (20 points) Consider three periodic tasks A, B and C with their respective periods as 4ms, 6ms and 8ms. The execution time required for each task is 1 ms. (a) Draw a figure/table to execute these...
-
Write a method (pseudocode) to reverse the queue using another empty queue. You may only use queue operations such as enqueue(), dequeue(), and size(). No other data structure can be used other than...
-
Solve the recurrence relation an = 7an-18an-2-9.2", with initial conditions ao = 5, a = 10. Show all your work.
Study smarter with the SolutionInn App