Confused? What is the problem at hand?
Answer:
Firm's fixed asset turnover = 4.5
Explanation:
Given:
Current assets = $100,000
Total assets = $300,000
Firm's sales = $900,000
Find:
Firm's fixed asset turnover
Computation:
Fixed assets = Total assets - Current assets
Fixed assets = $300,000 - $100,000
Fixed assets = $200,000
Fixed asset turnover = Sales / Fixed asset
Firm's fixed asset turnover = $900,000 / $200,000
Firm's fixed asset turnover = 4.5
The human compromise that has made Linda to change her decision in upgrading the editing software due to the systems crashed that was caused by previous upgrade is Recency Syndrome.
- The recency effect can be regarded as tendency to remember the action or effect of most recently presented information best.
- This syndrome always helps manager to learn from past mistakes so that he can avoid it next time. If not for this syndrome, Linda could have gave in for the upgrade, but she was afraid of crashing of the system.
Therefore, Recency Syndrome is the correct term that describe Linda behaviors.
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Answer:
See below
Explanation:
The computation of ending inventory is shown below;
But first we need to determine the average cost per unit.
Average cost per unit
= (476 units × $63 + 718 units × $66 + 365 units × $68) ÷ (476 units + 718 units + 365 units)
= ($29,988 + $47,388 + $24,820) ÷ (1,559 units)
= $102,196 ÷ 1,559
= $65.55
Now, the ending inventory unit
= 1,559 units - 1,195 units
= 364 units
Finally , the ending inventory
= $65.55 × 364 units
= $23,860