91. The Asian segment of a multinational company had a segment return on assets of 60%. If the revenues and operating income of this segment were $17,000 million and $14,586 million, respectively,...

91. The Asian segment of a multinational company had a segment return on assets of 60%. If the revenues and operating income of this segment were $17,000 million and $14,586 million, respectively, what is the segment's average total assets amount?

A. $24,310 million
B. $28,333 million
C. $52,643 million
D. $10,200 million
E. $8,751 million

92. The Midwest segment of a company had a segment return on assets of 13%. If the revenues and operating income of this segment were $4 million and $1 million, respectively, what is the segment's average total assets amount?

A. $130,000
B. $52,000
C. $30,769,230
D. $7,692,308
E. $23,076,923

93. The Consumer Products segment of a company had a segment return on assets of 53%. If the revenues and operating income of this segment were $872,630 million and $517,916 million, respectively, what is the segment's average total assets amount?

A. $462,493 million
B. $977,200 million
C. $695,273 million
D. $274,495 million
E. $736,989 million

94. The management of Pasama Inc. is evaluating the three segments of the company. Given the data below, which of the following statements is true regarding segment return on assets?

A. Segment Africa has the highest operating income and the highest return on assets.
B. Segment Belgium has the highest operating income and the highest return on assets.
C. Segment Canada has the highest operating income and the highest return on assets.
D. Segment Canada has the highest return on assets and Segment Africa has the lowest return on assets.
E. Segment Belgium has a higher return on assets than Segment Canada.

95. When the sales journal's column for accounts receivable and sales is totaled at the end of the month, its total is:

A. Debited to Sales and credited to Accounts Receivable.
B. Debited to Accounts Receivable and credited to Cash.
C. Debited to Cash and credited to Accounts Receivable.
D. Debited to Accounts Receivable and credited to Sales.
E. Debited to Cash and credited to Sales.

96. A customer who had purchased $25,000 worth of merchandise on account returns 20% of this order to the seller because he is not satisfied with the quality of the goods. How would this entry be recorded on the books of the seller if historically the seller has had very few returns of this nature?

A.

B.

C.

D.

E.

97. A customer who had purchased $60,000 worth of merchandise on account returns 10% of this order to the seller because she is not satisfied with the quality of the goods. How would this entry be recorded on the books of the seller if historically the seller has had very few returns of this nature?



A.

B.

C.

D.

E.

98. A customer who had purchased $75,000 worth of merchandise on account returns 5% of this order to the seller because he is not satisfied with the quality of the goods. This transaction would be recorded in which journal if historically the seller has had very few returns of this nature?

A. Sales journal

B. Purchases journal

C. Cash disbursements journal

D. Cash receipts journal

E. General journal

99. A company borrowed money from the bank and signed a long-term note payable. This transaction would be recorded in which of the following journals?

A. Sales journal

B. Purchases journal

C. Cash disbursements journal

D. Cash receipts journal

E. General journal

100. A company had cash sales during the period. These transactions would be recorded in which of the following journals?

A. Sales journal

B. Purchases journal

C. Cash disbursements journal

D. Cash receipts journal

E. General journal.