Answer:
a. Ratio of fixed assets to long-term liabilities
= <u>Fixed assets </u> x 100
Long-term liabilities
= <u>$3,200,000</u> x 100
$2,000,000
= 160%
b. Ratio of liabilities to shareholders' equity
= <u>Total liabilities</u> x 100
Shareholders' equity
= <u>$3,000,000</u> x 100
$5,000,000
= 60%
c. Asset turnover
= <u>Sales</u>
Total assets
= <u>$18,750,000</u>
$7,000,000
= 3 times
d. Return on total assets
= <u>Net income</u> x 100
Total assets
= $930,000 x 100
$7,000,000
= 13.29%
Explanation:
The ratio of fixed assets to long term liabilities equals fixed assets divided by long-term liabilities multiplied by 100.
Ratio of liabilities to stockholders' equity equals total liabilities divided by total stockholders' equity multiplied by 100. The total liability is equal to current liabilities plus long-term liabilities.
Asset turnover equals sales divided by total assets.
Return on total assets equals net income divided by total assets multiplied by 100.
Answer:
a. When must Janine recognize the income from the $17,360 advance payment for services if she uses the cash method of accounting?
Cash method of accounting recognizes revenues and expenses when they are received or paid for.
b. When must Janine recognize the income from the $17,360 advance payment for services if she uses the accrual method of accounting?
c. Suppose that instead of services, Janine received the payment for a security system (inventory) that she will deliver and install in year 2. When would Janine recognize the income from the advance payment for inventory sale if she uses the accrual method of accounting and she uses the deferral method for reporting income from advance payments? For financial accounting purposes, she reports the income when the inventory is delivered.
She will recognize revenue only after the merchandise is delivered.
d. Suppose that instead of services, Janine received the payment for the delivery of inventory to be delivered next year. When would Janine recognize the income from the advance payment for sale of goods if she uses the accrual method of accounting and she uses the full-inclusion method for advance payments?
Under this system, advanced payments are considered revenue on the year that they were received.
<span>In implementing a lean production system you should work with suppliers to do which of the following? Reduce lead time. In a lean production system, the ultimate goal is to reduce the amount of time wasted on production activities. Maximizing your time allows for more productivity and the work gets completed at a faster rate. </span>
Explanation:
Organizations are integrated systems that use resources to achieve certain objectives and goals and become profitable and competitive.
Globalization was a phenomenon that contributed to an increase in the flow of information and changes in technologies and paradigms that contributed to a greater speed in consumer trends, and in the number of companies competing in the market.
Therefore, to achieve competitive advantage, it is not enough for the organization to use its resources in a conventional way, it is necessary to use strategies to add value to its processes. Considering the current business scenario, it can be said that the human resource in companies is the one that will give it a sustainable competitive advantage, since the knowledge acquired is one of the main resources used for the company to position itself in relation to competitors, each time more companies are promoters of social responsibility, so prioritizing knowledge and its stakeholders will always be the most advantageous option for creating value and competitive advantages.
