The rate of return on total assets measures a company's success in using its assets to earn a profit

At the beginning of 2017, Elixir, Inc has the following account balances

Accounts Receivable $40,000 (debit balance) Allowance for Bad Debts $5,000 (credit balance) Bad Debts Expense $0 During the year, credit sales amounted to $850,000. Cash collected on credit sales amounted to $760,000, and $18,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 2.5%. The ending balance in the Allowance for Bad Debts is ________. A) $5,000 B) $3,250 C) $6,000 D) $8,250

A linear programming problem has three constraints, plus nonnegativity constraints on X and Y. The constraints are: 2X + 10Y ? 100; 4X + 6Y ? 120; 6X + 3Y ? 90

What is the largest quantity of X that can be made without violating any of these constraints? A) 50 B) 30 C) 20 D) 15 E) 10