A return on assets of 9% means that a company is earning:

Select one:

a.a $9 return on every $100 of cost of goods sold.

b.a $9 return on every $100 of liabilities.

c.a $9 return on every $100 of total assets.

d.a $9 return on every $100 of revenue.

Jay Inc. estimates uncollectible accounts using the percentage-of-receivables method and expects that 3.5% of outstanding receivables will be uncollectible for 2016. The balance in Accounts Receivable is $243,000, and the Allowance for Doubtful Accounts has a credit balance of $4,300 before adjustments at year-end.The Bad Debt Expense for 2016 will be:

Select one:

a.$8,505

b.$4,300

c.$4,205

d.$5,423

Which of the following statements is false?

Select one:

a.All these statements are true.

b.The Allowance for Doubtful Accounts reduces Accounts Receivables to their net realizable value.

c.A bad debt expense reduces net income.

d.The percentage-of-receivables method may use either an overall rate or a different rate for each age category.

The following information applies to Johnson Company for 2018:

• Stock market price, December 31, 2018: $110
• Common shares outstanding, December 31, 2018: 350,000
• Net Income for year 2018: $1,300,000
• Retained Earnings, January 1, 2018:$4,090,000

On December 31, 2018, Johnson decides to paythe maximum amount it canin dividends to its shareholders. What is the dividend yield ratio?

Select one:

a.14%

b.10.62%

c.3.38%

d.None of the these