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%

Understand what factors can substitute for leadership in modern work environments.

Comprehend the basic framework for understanding leadership including the role of group member characteristics and behavior.

Grasp the importance of context in leadership, including both internal and external environments.

Recognize effective collaboration strategies between leaders and group members.

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Definitions:

Simplified Expression

An algebraic expression that has been condensed to its simplest form, typically by combining like terms and reducing fractions.

Algebraic Expression

A mathematical phrase that can include numbers, variables, and operation symbols, but no equals sign.

Algebraic Expression

An algebraic expression is a mathematical phrase that can include numbers, variables, and operation symbols, but not an equality sign.

Consecutive Integers

Integers that follow each other in order without any gaps.