Cash Balance, ending $5 $5 $5 $8 $8 *Interest for the year will be $1,000.
Cash on hand total - Initial cash balance
Received payments from customers = $71 - $6
Total customer payments received: $65.
Total disbursements are equal to total available funds plus any cash deficit.
Total expenses are $71 plus $2.
Total payments were $73
Expenditures as a whole plus selling and administrative expenses plus stock acquisitions, equipment purchases, and dividends
Selling and administrative expenses total $73 – $35 – $8 – $2.
The total cost of selling and managing is $28.
$5 borrowed plus any shortage in funds
Total loans are $5 plus $2.
Borrowings of $7
computation of the missing data for the second quarter
Borrowings minus the required cash balance equals a cash shortage.
Lack of money = $15 - $
$10 less in cash is needed.
Total Cash Available equals Total Disbursements minus the Cash Deficiency
The total amount of cash on hand is $85 less $10.
$75 in cash is available.
Payments from customers equal the sum of cash on hand less the initial cash balance.
$75 less $5 in customer collections
Customer payments collected = $70
Third Quarter calculation of missing data
Total Disbursement = Cash Available - Cash Overflow
total expenditure = $101 - $11
Payment in Full = $90
Following are the calculations for inventory purchases: Selling and administrative expenses plus equipment expenditures plus dividends equal total outlays.
Inventory purchase costs $90, $30, $10, and $2.
$48 was spent on inventory.
Repayments = Additional Cash - Required Cash
Refunds = $11 - $5
$6 in repayments
calculation of the 4th quarter's missing data
Customer Collection = Total Collection - First, Second, and Third Quarter Collection
Collection from the client = $323 - $65 - $70 - $96
$92 was collected from the consumer.
Selling and administration expense is equal to the sum of the selling and administrative expenses for the first, second, and third quarters.
Selling and administrative costs are equal to $113 – $28 – $30 – $30.
Selling and overhead costs equal $25.
Purchase of Equipment = Total Equipment Equipment Purchases for the first, second, and third quarters
Purchase of Equipment = $36 - $8 - $8 - $10
Purchase of Equipment = $10
Quarter (000 missing) (000 omitted)
Particulars
1 2 3 4 Year Cash Flow, Starting
$6 $5 $5 $5 $6
Add: Customer collections
$65 $70 $96 $92 $323
total available cash
$71 $75 $101 $97 $329\sLess: Disbursements
acquisition of inventory
$35 $45 $48 $35 $163
Sales and administrative costs
$28 $30 $30 $25 $113
Equipment Acquisition
$8 $8 $10 $10 $36\sDividends
$2 $2 $2 $2 $8
Total Expenditures
$73 $85 $90 $72
$320
Over (under) disbursements in available cash ($2) ($10)
$11 $25 $9
Financing:
Borrowings
$7 $15 $22
Repayments ($6), ($17), ($23), and interest
overall financial
$7 $15 $5 ($17) ($1)
Cash Balance, ending $5 $5 $5 $8 $8 *Interest for the year will be $1,000.
To learn more about cash budget
https://brainly.com/question/15310092
#SPJ4
Operations management is applicable:Group of answer choicesto all firms, whether manufacturing or service.to services exclusively.mostly to the service sector.to the manufacturing sector exclusively.
To the manufacturing and service sectors, the right response is C.
Operational teams are formed to do regular activities and standardized work necessary to support the day-to-day processes and functioning of the firm.
What is operations management?Operations management (OM) is the administration of business practices to create the highest level of efficiency possible within an organizationIt is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization.Operations management is used by many different kinds of businesses to handle daily operations effectively. Operations management is used by businesses in the manufacturing and service industries to offer clients high-quality goods and effective services.
Both industries deal with common management topics including quality control, capacity management, inventory and sourcing management, and customer service. These topics involve both strategic and operational management.
Hence, Operations management is applicable to the manufacturing and service sector.
To know more about operations management, click the given links.
https://brainly.com/question/1382997
https://brainly.com/question/13198597
#SPJ4
Correct Question - Operations management is applicable:
A. mostly to the service sector
B. mostly to the manufacturing sector
C. to manufacturing and service sectors
D. to services exclusively
A(n) ________ is a business intelligence tool which extrapolates future values based on current trends.
A forecast worksheet is a business intelligence tool which extrapolates future values based on current trends.
When an individual makes a forecast, Excel generates a new worksheet with a table of the past and future values and a chart illustrating this information. You can use a forecast to predict things like upcoming sales, inventory needs, or consumer trends.
Business intelligence (BI) tools are designed to assist a person in identifying patterns in data and drawing conclusions from them so that he/she makes tactical and long-term business choices. The majority of the time, but not always, the apps read data that has previously been stored in a data warehouse or data mart.
Learn more about business intelligence tool here
https://brainly.com/question/14192766
#SPJ4
Once the break-even point is reached, the sale of an additional unit increases contribution margin by an amount that is ______ the increase in net operating income.
Once the break-even point is reached, Once the break-even point is reached, the sale of an additional unit increases contribution margin by an amount that is equal to the increase in net operating income.
What is break even?This refers to a point in which neither profit nor loss is attained by a business.
It is where there is no profit or loss is incurred by a firm hence you have to make just as much as what you are spending.
Learn more about breakeven here: https://brainly.com/question/21137380
#SPJ1
A manager pays $300 per month every month for landscape services for his restaurant grounds. Which type of monthly other expense is the amount paid for landscaping
Controllable and fixed are types of monthly other expenses are the amount paid for landscaping.
What do you suggest through carrier landscape?landscape services way offerings that result in a capital improvement to land other than systems of any kind in any respect, together with seeding, sodding, or grass plugging of new lawns; planting timber, shrubs, hedges, flowers; and clearing and filling the land.
A landscape includes the bodily elements of geophysically defined landforms including (ice-capped) mountains, hills, water our bodies inclusive of rivers, lakes, ponds, and the sea, dwelling elements of land cover which includes indigenous flora, human factors which include distinct types of land use, buildings, and structures,
Learn more about the landscape services here https://brainly.com/question/27490601
#SPJ4
A government may be able to reduce structural unemployment by
Select one:
O increasing imports
O increasing the money supply
O lowering tax rates
O offering job training programs
Answer:
offering job training programs
Refer to Figure 2-2. Which of the following would most likely cause the production possibilities curve for breadfruit and fish to shift outward from AA to BB
(C) A major technological advancement would most likely cause the production possibilities curve for breadfruit and fish to shift outward from AA to BB.
What is the production possibilities curve?
A production-possibility frontier (PPF), production possibility curve (PPC), production possibility boundary (PPB), or transformation curve/boundary/frontier is a curve that depicts various combinations of the amounts of two goods that can be produced within the given resources and technology/a graphical representation of all the possible output options for two products that can be produced using all factors of production, where the given resources are fully utilized.A PPF exemplifies various economic concepts, including allocative efficiency, economies of scale, opportunity cost (or marginal rate of transformation), productive efficiency, and resource scarcity (the fundamental economic problem that all societies face).As the definition itself states, a production-possibility curve depicts various combinations of the amounts of two goods that can be produced within the given resources and technology graphical representation of all the possible output options for two products that can be produced using all factors of production.
Therefore, (C) a major technological advancement would most likely cause the production possibilities curve for breadfruit and fish to shift outward from AA to BB.
Know more about the production possibilities curve here:
https://brainly.com/question/2601596
#SPJ4
The question you are looking for is here:
Which of the following would most likely cause the production possibilities curve for breadfruit and fish to shift outward from AA to BB in Figure 2-2?
a. a decrease in the labor force of the country
b. a sudden change in consumer preferences for more fish and less breadfruit
c. a major technological advance
d. a decrease in the capital stock
Valuing cash flows with infinite growth in the dividend discount models (DDMs): a. cannot be calculated because growth to infinity is immeasurable b. may only be calculated if growth is 3.0% or less c. may not be calculated using any DDM unless growth is less than the discount rate d. will include the value of dividends received far in the future even though they may have PVs close to zero
Option C is correct. Valuing cash flows with infinite growth in the dividend discount models (DDMs may not be calculated using any DDM unless growth is less than the discount rate.
How do you value cash flows?In order to carry out the value of cash what a person has to do would be to get the present value of the cash in the flow and then add them up.
Hence the answer to the question that we have here is option C. Valuing cash flows with infinite growth in the dividend discount models (DDMs may not be calculated using any DDM unless growth is less than the discount rate.
Read more on cash valuation here:
https://brainly.com/question/24674907
#SPJ1
What features should you present when demonstrating 2023 murano’s confident cornering?.
Answer: Midnight Edition package,
Explanation: For 2022, Murano adds a new Midnight Edition package, with blackout front grille, lower fascia, exterior trim and special gloss black 20-inch aluminum-alloy wheels. It is available on Murano SV front-wheel and all-wheel models.
The amount by which actual or expected sales exceeds break-even sales is referred to as.
The amount by which actual or expected sales exceed break-even sales is referred to as more accurate product costing.
A break-even analysis is what, exactly?Break-even analysis involves figuring out and looking at an entity's margin of safety based on the revenues received and related costs. The study, in other words, demonstrates how many sales are necessary to cover operating expenses.
The break-even analysis establishes the number of sales required to cover all fixed costs for the organization by analyzing various pricing levels in relation to various levels of demand. A demand-side study would provide a seller with important information about their selling capacities.
Learn more about break-even analysis with the help of the given link:
brainly.com/question/13770712
#SPJ4
Steve Matthews, CFA, is a principal at Carlson Brothers, a leading regional investment bank specializing in initial public offerings of small to mid-sized biotech firms. Just before many of the IPOs are offered to the general public, Matthews arranges for 10% of the shares to be distributed to management of the firm going public. This action is a violation of the Standard concerning:
Steve Matthews, CFA, is a principal at Carlson Brothers, a leading regional investment bank specializing in initial public offerings of small to mid-sized biotech firms. This action is a violation of the Standard concerning fair dealing. This is further explained below.
What is fair dealing. ?Generally, "Dealing" with" copyrighted works without permission is a copyright user's privilege known as "fair dealing."
In conclusion, Carlson Brothers, a major regional investment bank specializing in initial public offerings of small to midsize biotech companies, has Steve Matthews, a CFA, as a partner. According to the Fair Dealing Standard, this is a breach of the law.
Read more about fair dealing.
https://brainly.com/question/16259624
#SPJ1
An IAC (industrially advanced country) had a per capita income of $44,000, while a DVC (developing country) had a per capita income of $2,200 in a given year. If both countries experience a per-capita-income growth of 4 percent, then the per-capita-income gap one year later will be
The per-capita-income gap one year later will be $43,472.
What will be the per-capita-income gap one year later?GDP per capita is the GDP of a country divided by the population of the country. It is used as a metric to determine the standard of living of the population.
GDP per capita = GDP / population
Difference in the GDP per capita = 1.04 x (44,000 - 2,200)
1.04 x 41,800 = $43,472
To learn more about GDP per capita, please check: https://brainly.com/question/28018695
#SPJ1
Suppose a new law requires all piercing studios to pass tougher licensing tests and to begin using more costly sterilization methods. Other things constant, this law would cause
The correct option is c) a decrease in the supply of piercings and a higher price for piercings.
Decreased availability results from rising production costs (shift to the left). Prices rise and quantities decline as a result of a decrease in supply.
What Are Production Costs?All of the direct and indirect expenses firms incur when producing a good or rendering a service are referred to as production costs. Various expenditures, including labour, raw materials, consumable manufacturing supplies, and general overhead, might be included in production costs.
Some characteristics of production cost are-
Production costs are the expenses a business has to pay while producing a good or offering a service that brings in money for the business.Various expenditures, including labour, raw materials, consumable manufacturing supplies, and general overhead, might be included in production costs.The total cost of direct materials and labour as well as the total cost of manufacturing overhead can be added together to get the total cost of the product.To know more about revenues and costs of production, here
https://brainly.com/question/13738783
#SPJ4
The complete question is-
Suppose a new law requires all piercing studios to pass tougher licensing tests and to begin using more costly sterilization methods. Other things constant, this law would cause:
a) an increase in the supply of piercings and a lower price for piercings.
b) an increase in the supply of piercings and a higher price for piercings.
c) a decrease in the supply of piercings and a higher price for piercings.
d) a decrease in the supply of piercings and a lower price for piercings.
In a limited liability partnership, each partner's risk of losing personal assets is Multiple Choice limited to losses that result from his/her own acts and omissions and the acts and omissions of those who work under his/her supervision. unlimited. determined entirely by the maximum loss provision established by the articles of co-partnership. nonexistent.
In a limited liability partnership, each partner's risk of losing personal assets is determined entirely by the maximum loss provision established by the articles of co-partnership
What is limited liability partnership?This involves business partnership with individual that pursue the same goal and objectives.
The debt or owing is limited an not allow to spread beyond the financial commitment by the partners.
Therefore,
In a limited liability partnership, each partner's risk of losing personal assets is determined entirely by the maximum loss provision established by the articles of co-partnership.
Learn more on partnership below
https://brainly.com/question/25012970
#SPJ1
You are considering the following two mutually exclusive projects. The required rate of return is 10. 75 percent for project a and 12 percent for project b. Which project should you accept and why?.
Project A because its NPV is about $796 more than the NPV of project B.
What is NPV?
The net present value (NPV) of an investment opportunity is a financial statistic that attempts to represent the overall worth of the opportunity. The concept of NPV is to project all of the future cash inflows and outflows connected with investment, discount all of those future cash flows to the present day, and then add them all together. The net present value, also known as net present worth, is applied to a sequence of cash flows that occur on various dates. The present value of a cash flow is determined by the time elapsed between now and the cash flow. It is also affected by the discount rate. The temporal value of money is accounted for by NPV.
To learn more about NPV from the given link:
https://brainly.com/question/13228231
#SPJ4
A machine has a cost of $15,000, an estimated residual value of $3,000, and an estimated useful life of four years. The machine is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation?.
The amount in accumulated depreciation at the end of the second year: $6,000.
What is Depreciation?Long-term assets are used up gradually over their lives and this use needs to be expensed under the matching principle in the GAAP (Generally Accepted Accounting Principles). The way this is done is by using a method of depreciation to approximate the expense.
Formula :
Accumulated Depreciation = [tex]\frac{ Cost of Assets - Salvage/ Residual Value}{Life of the asset}[/tex] × [tex]No. of Year[/tex]
Given:
Asset Cost = $15,000
Residual Value = $3,000
No. Of Year= 2
SOLUTION-
We find the amount in accumulated depreciation by finding the depreciable value:
Depreciable Value = Asset Cost - Residual Value
Depreciable Value = $15,000 - $3,000
Depreciable Value = $12,000
Now, let's divide this by 2 to find the amount in accumulated depreciation at the end of the second year:
Accumulated Depreciation =$12,000 / 2 = $6,000
Hence, The amount in accumulated depreciation at the end of the second year is $6,000.
Learn more about Accumulated Depreciation on:
brainly.com/question/1287985
#SPJ4
John Smith works 40 hours for ABC Corp. for $15 per hour. Required payroll deductions are: Social Security $37.20, Medicare $8.70, federal Income tax $58, and state income tax $10. What is John's net pay
Answer: 486.10
Explanation: 600-37.20-8.70-58-10=486.10
Nate works as a sales representative. His employment contract specifies that he cannot work for a competitor for a period of two years from employment. This is an example of Group of answer choices vagueness. extortion. ambiguity.
Nate works as a sales representative. His employment contract specifies that he cannot work for a competitor for a period of two years from employment. This is an example of ambiguity.
What is ambiguity in employment contract?
Ambiguity is used to explain a condition that is not permanent in a Job but that remain relevant within the period given.
It is to the disadvantage of the employer because if they term is bridged it may affect the business or company through leaking of vital company information.
Therefore,
Nate works as a sales representative. His employment contract specifies that he cannot work for a competitor for a period of two years from employment. This is an example of ambiguity
Learn more on employment below,
https://brainly.com/question/1190099
#SPJ1
Each component of a(n) budget is based on or provides input for another component. (Enter only one word per blank.)
Each component of a(n) master budget is based on or provides input for another component.
What is budget?Budget can be defined as process of planning on how to spend an amount over a particular period of time.
Hence, master budget enables companies or organization to forecast or plan the amount of money they intend to spend over a specific period of time.
Learn more about budget here:https://brainly.com/question/6663636
#SPJ1
In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses.
he decrease in auto sales impacts GDP because new automobiles are counted as consumption when purchased by households and investment when purchased by businesses.
What is the impact of the decline in auto sales?Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Consumption spending includes spending by households on goods and services. Consumption spending includes :
spending on durables - e.g. laptop spending on nondurables - e.g. clothes, foodspending on services - e.g. payment of hospital billInvestment includes purchases of goods and services made by businesses in the production of goods and services
Here are the options:
investment; consumption
durable goods; nondurable goods
nondurable goods; durable goods
consumption; investment
To learn more about GDP, please check: https://brainly.com/question/15225458
#SPJ1
The process of determining the location, size, and boundaries of a parcel of property is called ______.
The process of determining the location, size, and boundaries of a parcel of property is called option A. survey. It is the means by which boundaries are measured by calculating the dimensions and area to determine the exact location of a piece of land.
Why does one needs a survey?Land surveys are ideal tools for determining property lines or boundaries and the location of a property's features. Without land surveys, there would be no means to determine where one piece of land ends and the other begins.
Therefore, the correct answer is as given above
learn more about survey: https://brainly.com/question/14610641
#SPJ1
The complete question goes thus:
The process by which a parcel of land is measured and its area ascertained is known as what?
a. Survey
b. Schedule
c. A Property Line
d. Plot Plan
What is the fee schedule for these services, assuming that the goal is to cover only variable and direct fixed costs?
A schedule of fees is a list of costs associated with carrying out specific administrative tasks. The fee schedule is subject to modification at the commissioner's discretion and is to be made available on the website of the state land office.
The amount of product generated determines the fluctuation in variable costs. Raw materials, labor, and commissions are examples of variable expenses. Regardless of the level of production, fixed expenses stay constant. Lease and rental payments, insurance, and interest payments are examples of fixed costs.
Costs that change as the volume increases are known as variable costs. Raw materials, piece-rate labor, production supplies, commissions, shipping expenses, packing costs, and credit card fees are a few examples of variable costs.
Rent, lease payments, salary, insurance, property taxes, interest fees, depreciation, and possibly certain utilities are just a few examples of fixed costs. For instance, a new business owner would probably incur fixed costs at first for rent.
Learn more about variable and direct fixed costs here
https://brainly.com/question/19339917
#SPJ4
When milton friedman said that "inflation is always and everywhere a monetary phenomenon," he meant that?
Inflation is always and everywhere a monetary phenomenon, according to Milton Friedman, in that it is and can only be caused by a more rapid increase in the supply of money than in output. We all understand that government spending objectives are main factor influencing the amount of money in circulation. Inflation is a universal financial phenomenon.
According to the monetarist theory popularized by Milton Friedman, is what primarily determines whether economy experiences inflation or deflation. The argument holds that when it comes to boosting economy or reducing inflation, monetary policy is a considerably more powerful instrument than fiscal policy.
To learn more about monetary, click here.
https://brainly.com/question/3194485
#SPJ1
On December 1, Milka Inc. borrows $500,000 from the bank. Interest of 6% is due in six months. On December 31, Milka recognizes interest. As a result of this journal entry, Milka's balance sheet reports:
Milka's balance sheet reports: Interest payable for one month.
What is interest?The fee you pay to borrow money or the fee you charge to lend money is called interest.
Some features of interest are-
The fee paid for the privilege of borrowing money is called interest, and it is often stated as an annual percentage rate (APR). The compensation a lender or financial organization receives for giving out money is called interest.The most common way to represent interest is as a yearly percentage of the loan amount. The interest rate on the loan is known as this percentage.For instance, if you put money in a savings account, a bank will provide you interest.The three types of interest include -
simple (regular) interest: The daily interest rate, the principle, and the number of days between payments are multiplied to determine simple interest.accrued interest: The amount of interest accrued on a loan or other financial obligation as of a certain date that has not yet been paid back.compounding interest: The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this: If you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You'll have $110.25 after the second year is over.To know more about the estimation of simple interest, here
https://brainly.com/question/2294792
#SPJ4
Suppose the required reserve ratio is 8% and the Fed purchases $10 million worth of Treasury bills from Wells Fargo. What's the maximum possible increase of deposits in the banking system
The answer is $100 million.
The reserve ratio is the percentage of a commercial bank's deposits that it must retain in cash as a reserve in case of large client withdrawals, as determined by the central bank.
The reserve ratio is a significant monetary policy instrument used by the Federal Reserve in the United States to boost or decrease the economy's money supply.
Banks require an RRR of 8% for demand deposits, not for funds received through the selling of treasury bills to the FED, hence Wells Fargo will be free to raise its loans by $100 million.
To know more about reserve ratio click here:
https://brainly.com/question/13758092
#SPJ4
In 2013, how much money did Tesla raise via common stock offerings, net of fees and expenses?a) $515.6 millionb) $410.1 millionc) $420.2 milliond) $355.0 million
Tesla was able to raise via $410.1 million from common stock offerings, net of fees and expenses to finance the business.
What was the finance for?As part of shareholder's capital, the fund was used by the firm to finance the vehicle innovations.
Hence, the firm called "Tesla" was able to raise via $410.1 million from common stock offerings, net of fees and expenses to finance the business.
Therefore, the Option B is correct.
Read more about finance
brainly.com/question/25572872
#SPJ1
________ is not one of the common pricing objectives
Return of Saving is not one of the common pricing objectives.
The majority of businesses aim to achieve a reasonable rate of return on investment.
⇒a set proportion of sales,
⇒returns on investment, or
⇒a set quantity of rupees.
The business designs its pricing strategies and policies such that sales income finally produces an average return on total investment.
For instance, a corporation seeks to get a 20% return on its $3 crore total investment. It needs to establish the product's price so that it can make 60 lakh rupees.
To learn more about Pricing Strategies here
https://brainly.com/question/14595156
#SPJ4
_________ are one of the five stages of questions in the ADAPT questioning system that do not seek conclusions but rather should address the buyer's company and operations, goals and objectives, market trends and customers, current suppliers, and even the buyer as an individual.
Assessment questions one of the five stages in the ADAPT questioning technique that doesn't seek conclusions but instead should talk about the buyer's business and operations, aims and objectives, market trends and customers, current suppliers, and even the buyer as a whole.
What questions are asked in an Adapt sequence?The five steps of the ADAPT questioning sequence should be identified and described. The five steps that make up this effective questioning sequence are assessment questions, discovery questions, activation questions, projection questions, and transition questions. These processes correspond to the acronym ADAPT.
What exactly are assessment questions?Employers utilize exams called talent assessment questions to assist them choose individuals who will be the best match for their organizations. Pre-employment exams are used by many big organizations to determine whether a candidate's personality, knowledge, work style, and abilities match the position being applied for or the company's culture.What is an assessment example?Historically, certain science departments have adopted national standardized tests. Oral exams, such as the one that is a component of the exit interview for feminist and gender studies (a mix of direct and indirect assessment) testing in a uniform language. more internal capstone-level tests.
learn more about assessment questions here
https://brainly.com/question/26631956
#SPJ4
Select ALL that apply. Which three statements accurately describe the effects of the economic policies on individuals
The three statements that describe the effects of those economic polices on individuals are:
Many African Americans had a difficult time getting Jobs because of all-white policies.Many farmers were bankrupt due to the overproduction.Many immigrants took low paying jobs, which led to a decrease in pay for all employees.What happened as a result of economic policies in the 1920s?The 1920s saw a continuation of Jim Crow laws which limited African American employment. More people also came into the nation as immigrants which led to lower pay as immigrants could be convinced to take lower paying jobs.
Farmers began to produce more than the market wanted and this, coupled with import tariffs on American goods, led to bankrupcy.
Options for this question include:
Many African Americans had a difficult time getting Jobs because of all-white policies.White men working in the car industries went bankrupt due to overextension of bank loans.Many farmers were bankrupt due to the overproduction.White men working in assembly lines were laid off due to new technological improvements.Many immigrants took low paying jobs, which led to a decrease in pay for all employees.Find out more on farming in the 1920s at https://brainly.com/question/883256
#SPJ1
how does teaching job contribute in the development of our society
Answer:
It helps with new children coming into school
During 2015 Lopez Corporation reported net sales of $3,200,000 and net income of $1,200,000. Its balance sheet reported average total assets of $1,600,000. Calculate the asset turnover.
The asset turnover is 2.4 times.
Asset turnover = Net sales \div Average total assets
Asset turnover = $3,000,000 \div [ $1,000,000 + $1,500,000 ] \div 2
Asset turnover = 2.4 times
Asset turnover is the ratio of total sales or revenue to average assets. This metric helps investors understand how effectively companies are using their assets to generate revenue. Investors use asset turnover to compare similar companies in the same industry or group.
In the retail sector, an asset turnover of 2.5 or higher may be considered good, but in the utility sector, a company is more likely to aim for an asset turnover between his 0.25 and 0.5.
Learn more about asset turnover at
https://brainly.com/question/13401474
#SPJ4