Flash Reported Net Income of $17,500 for the Past Year

question 46

Multiple Choice

Flash reported net income of $17,500 for the past year. At the beginning of the year the company had $200,000 in assets and $50,000 in liabilities. By the end of the year, assets had increased to $300,000 and liabilities were $75,000. Calculate its return on assets:

• A) 8.8%
• B) 7.0%
• C) 5.8%
• D) 35.0%
• E) 23.3%

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Definitions:

Satisfiers

Factors that contribute to job satisfaction and motivate employees, influenced by aspects of work that enhance positive feelings.

Job Content

The specific duties, responsibilities, and functions of a job, which define its scope and nature.

Rewards

Benefits or compensations given to employees as a form of recognition for their contributions or achievements.

Expectancy Model

A theory in psychology that explains the processes that individuals undergo to make decisions based on expected outcomes and their perceived likelihood.