Financial Accounting: Return on assets A company borrows $0.70 for every $1 of equity. They earn $0.25 in profit for every $1 of equity in the firm. What is the firm's return on assets (ROA)?

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Calculate felix trading co.'s accounts receivable balance

Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $8,400,000 (840,000 hours at $10/hour) and that factory overhead would be $5,400,000 for the current period. At the end of the period, the records show that there had been 300,000 hours of direct labor and $5,100,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead allocation rate?

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Accounting

Everlast Corp. has total maintenance department expenses of $40,200. The maintenance costs are allocated based on square footage, where the Processing department occupies 6,000 square feet, and the Packaging department occupies 3,000 square feet. Compute the amount of maintenance department expense allocated to Processing.

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Determine a and b accounting