The Balance Sheet of Purdy's BBQ Reports Total Assets of $800,000

question 84

Multiple Choice

The balance sheet of Purdy's BBQ reports total assets of $800,000 and $900,000 at the beginning and end of the year,respectively.The return on assets for the year is 20%.What is Purdy's net income for the year?

• A)$4,500,000.
• B)$170,000.
• C)$4,250,000.

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Definitions:

Information Technology

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HRM Practices

Human Resource Management practices involve various activities related to the management of an organization's workforce, such as recruitment, training, and compensation.

Employee Files

Organized collections of records pertaining to employees, including personal information, employment history, and performance evaluations.

Administrative Costs

Expenses related to the general operations of a business, including items like salaries of non-sales personnel, rent, utilities, and office supplies.