Canberry Corporation Had Net Income of $80,000,beginning Total Assets of $640,000

question 179

Multiple Choice

Canberry Corporation had net income of $80,000,beginning total assets of $640,000 and ending total assets of $580,000.Its return on total assets is:

• A)13.1%
• B)12.5%
• C)13.8%
• D)800%
• E)725%

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Definitions:

Supervising Costs

Expenses related to the management and oversight of production processes or organizational employees.

Activity-Based Costing

A method in managerial accounting that assigns costs to products or services based on the activities and resources used in their production, enabling more precise cost management.

Machine-Hours

A measure of the total time that a machine is operated within a given period.

First Stage Allocations

The process in cost accounting where overhead costs are allocated to various cost pools or departments.