Answer:
B. 2.05 times
Explanation:
Asset turnover ratio is computed by dividing net sales by average total assets
Given the following information about Maple Corp. for the year ended December 31, 2017
Beginning total assets = $83,200
Ending total assets = $116,500
Average total assets = (83,200+116,500)/2
= 199700
/2
= $99,850
net sales = $204,550
Asset turnover ratio = net sales/average total assets
= $204,550/$99,850
= 2.05 times
Answer:
Workflow rule
Explanation:
Workflow rules in Salesforce is a strategic program used to automate standard internal procedures and processes in a business when series of conditions are established, in order to save time and ensure better scaling up.
Workflow rules can be executed by using the if/then statement in programming.
Hence, the System Administrator should use the workflow rule so as to notify the VP when sales reps move the Opportunity Stage backward In the sales process.
The answer to the above situation or condition is Customer and supplier intimacy.
If a company or organization have a strategy on customer and
supplier intimacy, this makes customers and suppliers valuable and important
stakeholder within the company or organization. When they are important
stakeholders they will feel themselves more valued.
Yes, because the donated blood was exchanged for a feeling of satisfaction
<h3><u>
Explanation:</u></h3>
Any organization needs advertising as a major part of making their goods and services move towards consumers. Advertising refers to the act of drawing the attention of people in getting a product or service. A good advertising results in making the consumers purchase that particular product or service or doing certain actions that are being advertised.
In the given example, The American Red cross advertises for making people donate blood. After viewing the ad, Amanda decided to donate her blood. From the given statement, it is concluded that, there is a marketing sense as the donated blood was exchanged for a feeling of satisfaction.
Answer:
Sheffield Company
Inventory Turnover Ratio = Cost of goods sold/Average Inventory
= $1,145,400/$138,000
= 8.3 times
Explanation:
a) Data and Calculations:
Beginning inventory = $145,000
Ending inventory = $131,000
Average inventory = (Beginning inventory + Ending inventory)/2
= ($145,000 + 131,000)/2
= $138,000
Sales revenue = $1,972,800
Cost of goods sold = $1,145,400
Net income = $248,400
b) The inventory turnover ratio for Sheffield Company is an efficiency ratio that shows how inventory is managed and the number of times Sheffield sells or consumes the inventory during an accounting period. This is why Sheffield Company takes the average of the inventories in order to smoothen seasonal fluctuations in the inventory level during the year. When this ratio divides the number of days in the accounting period, Sheffield will get the days it takes for inventory to be purchased or produced, and then sold or consumed.
