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2 years ago

What statements are accurate about growth rate in assets? (select all that apply)

1 answer:

5 0

The total asset turnover ratio statements are accurate about growth rate in assets. Growth rates are the percentage changes in a variable over a given time period. Increase rates are generally used by investors to express the compounded yearly rate of growth of a company's revenues, earnings, dividends, or even macro notions such as GDP and retail sales.

Expected forward-looking or trailing growth asset rates are two frequent sorts of growth rates used for analysis. Growth rates were first employed by biologists to study population sizes, but they have subsequently been applied to economic activities, corporate management, and the investment returns.

To learn more about growth rates, click here.

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If the factory overhead is underapplied, then the adjusting journal entry to close the factory overhead account includes a: (Che

Ymorist [56]

Answer:

Debit to cost of goods sold and credit to factory overhead

Explanation:

Here we are interested in knowing the appropriate journal entry when the factory overhead is under applied.

What happens to the factory overhead journal in this case is that the we should have an adjusting journal entry.

The adjusting journal entry here is that we debit cost of goods sold and credit factory overhead

5 0

3 years ago

Land, a building and equipment are acquired for a lump sum of $1,000,000. The market values of the land, building and equipment

sergij07 [2.7K]

Answer:

The answer is option (b). $250,000

Explanation:

Step 1: Determine total market value

The expression for the total market value is;

Total market value=land value+building value+equipment value

where;

land value=$300,00

building value=$600,000

equipment value=$300,000

replacing;

Total market value=(300,000+600,000+300,000)=$1,200,000

Total market value=$1,200,000

Step 2: Determine fraction of the total market value that is equipment

Equipment fraction=equipment value/total market value

where;

equipment value=$300,000

total market value=$1,200,000

replacing;

Equipment fraction=300,000/1,200,000=0.25

Step 3: Determine cost assigned to the equipment

Cost assigned to the equipment=equipment fraction×lump sum

where;

equipment fraction=0.25

lump sum=$1,000,000

replacing;

Cost assigned to the equipment=(0.25×1,000,000)=250,000

Cost assigned to the equipment=$250,000

3 0

3 years ago

What law organized a way to divide and sell the land in the northwest territory?

padilas [110]

The land ordinance of 1785 was the law that organized a way to divide and sell the land in the northwest territory. This law was the Ordinance of 1784 which was the resolution written by Thomas Jefferson who aims at the congress in order to call for an action. The law wants to fathom the mode of locating and disposing the lands in western territories in order to be used in other purposes.

8 0

3 years ago

A small foundry agrees to pay $220,000 two years from now to a supplier for a given amount of coking coal. The foundry plans to

MaRussiya [10]

Answer:

A) $24,602

Explanation:

We can solve this question by finding the periodic deposits needed by using the formula:

$FV=PMT*\frac{(1+i)^n-1}{i}$

where:

FV= future value = $220,000

PMT = periodic deposits required = ???

i = effective interest rate per period = 0.0331

n= number of deposits = 8

However, since the interest is compounded monthly, let's also calculate the effective interest rate

Effective interest rate = $(1+\frac{r}{m}) ^m-1$

where; r = 12.5% = 0.125

$(1+\frac{0.125}{12})^{12} -1$

= 0.1324

Interest rate per period = $\frac{0.1324}{4}$

= 0.0331

Then;

$220,000=PMT*\frac{(1+0.033)^8-1}{0.033}$

220,000 = PMT × 8.986

PMT = $\frac{220,000}{8.986}$

PMT = $ 24,482.5

Since A) $24,602 is closer to $ 24,482.5

Therefore, $ $24,602 must be deposited every three months

3 0

4 years ago

The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production

madam [21]

Answer:

Equivalent units of production= 746,000 units

Explanation:

Giving the following information:

Units completed 620,000 100%

Ending Work in Process 180,000 70%

<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>

<u></u>

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production= 620,000 + (180,000*0.7)

Equivalent units of production= 746,000 units

7 0

3 years ago