Quick Computer Service Had Revenues of $80,000 and Expenses of $50,000

question 97

Multiple Choice

Quick Computer Service had revenues of $80,000 and expenses of $50,000 for the year. Its assets at the beginning of the year were $400,000. At the end of the year assets were worth $450,000. Calculate its return on assets.

• A) 7.1%
• B) 7.5%
• C) 6.7%
• D) 20.0%
• E) 18.8%

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Definitions:

Effective Group Process

Effective group process involves strategies and behaviors that enable a team to operate efficiently, make decisions collaboratively, and achieve its objectives harmoniously.

Team Members

Individuals who are part of a group working towards a shared objective.

Social Loafing Group

A phenomenon in which individuals in a group reduce their effort because they believe their contribution to the group is not important.

Linking Pin Team

A concept in team dynamics where individuals serve as connectors between different groups or levels within an organization, facilitating communication and coordination.