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Effectus [21]
2 years ago
6

Oil creek auto has sales of $3,740, net income of $274, net fixed assets of $2,800, and current assets of $920. the firm has $63

0 in inventory. what is the common-size statement value of inventory?
Business
1 answer:
Montano1993 [528]2 years ago
5 0

An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement

<h3>What is common-size statement?</h3>

An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement. Typically, this refers to overall earnings or total sales. Financial ratio analysis's objective is comparable to that of a common-size income statement. Items are shown as a percentage of a common base amount, such as total sales revenue, in a financial statement of common size. This kind of financial statement makes it simple to compare one company to another or different time periods within the same company.

The common-size statement refers to expressing each value as a percent of sales:

Sales                 3,340                   100.000%

income                 274                     8.234% (274 divided by 3340 times 100)

fixed assets          2,699               80.809%

current assets         836                25.030%

Inventory               417                0.12485  (417/3,340)

To learn more about common-size statement refer to:

brainly.com/question/14275288

#SPJ4

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Using the following accounts and balances, prepare the "Stockholders’ Equity" section of the balance sheet using 20,000 shares o
olga55 [171]

Answer and Explanation:

The preparation of the stockholder equity of the balance sheet is presented below:

Shares issued  $48,000,000

Add: Paid-In Capital in Excess of Par $6,400,000

Add: Paid in Capital from Sale of Treasury Stock $4,500,000

Add: Retained Earnings $63,680,000

Less: Treasury Stock, 40,000 shares -$5,200,000

Total stockholders' equity $117,380,000

6 0
3 years ago
Which of the following are necessary conditions for successful price discrimination?
mixer [17]

Answer:

d. at least two different markets with different price elasticities of demand

Explanation:

The theory of microeconomics about price differentiation is based on the concept of elasticity of demand. Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.

For price discrimination to take place, the offeror must be able to sell the same product at different prices to at least two different groups. This will depend on the price elasticity of consumer demand for the good in each of the markets. Thus, if one group is less elastic than the other, the offeror will be able to sell the goods at different prices.

An example: air market. Consumers are often more price sensitive when traveling for tourism than for business. Thus, a higher price may be charged to executives. which has lower price elasticity of demand than tourists.

6 0
3 years ago
A hardware store will run an advertising campaign using radio and newspaper. every dollar spent on radio advertising will reach
Sindrei [870]
The answer would be 900k I thinkg
6 0
3 years ago
When Ronald complained to his bank about the unprofessional behavior of one teller, the branch manager added a code into his acc
OLEGan [10]

Answer:

The correct answer is C. loyalty.

Explanation:

The segmentation on basis of customer loyalty is done on following grounds

•     The most valuable market, channel, product and customer segments

•     Key decision makers and influencers

•     Critical needs and wants for each segment

•     Future needs

•     Measures of customer satisfaction and loyalty

•     Brand and competitive equity benchmarking

•     Value proposition alternatives for each segment

•     A trade-off analysis for features vs. price

8 0
3 years ago
When a golfing club manager says, "I am concerned that our club members will find that the low center of gravity in the Taylor c
Sav [38]

The Taylor salesperson is using the referral method to deal with objections.

A referral is a way of dealing with objections in which the speaker refers to a previous experience to object to what another person has told him about a topic.

In the case presented, the manager of the golf club was expressing his concern about the opinion of golfers about Taylor clubs that had a special characteristic on their center of gravity.

To counter this argument, the seller refers to a real case of a buyer who was left with very good impressions of the Taylor stick.

Learn more in: brainly.com/question/1342578

7 0
2 years ago
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