
Expenses:
The expenses that occur during business are called business expenses. To earn revenue some relevant expenses have to pay. Expense may be operating expenses or non operating expense.
Liabilities:
Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.
Equity:
The Company needs finance to run the business. Equity is one of the method through which the company raise the capital.
Return on Assets:
The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the
1.
To compute: Return on assets of S.D Manufactures
2.
To compare: The return on asset of S.D manufactures and its competitor in part 1.
3.
To compute: The total expenses of S.D manufacture.
4.
The average total amount of liabilities and equity of S.D Manufactures.

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Chapter 1 Solutions
Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
- Question: Gujri Place Clock Shop sold a grandfather clock for $2,250 subject to a 9% sales tax. The entry in the general journal will include a credit to Sales for a) $2,250.00 b) $2,092.50 c) $2,452.50. choose the correct optionarrow_forwardPlease help mearrow_forwardAccounting questionarrow_forward
- Financial And Managerial AccountingAccountingISBN:9781337902663Author:WARREN, Carl S.Publisher:Cengage Learning,Cornerstones of Financial AccountingAccountingISBN:9781337690881Author:Jay Rich, Jeff JonesPublisher:Cengage Learning

