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seraphim [82]
11 months ago
12

Carducci corporation reported net sales of $3.6 million, average total assets of $1.1 million, and net income of $847,000. The t

otal asset turnover is?
Business
1 answer:
Marrrta [24]11 months ago
4 0

CALCULATE TOTAL ASSETS TURNOVER :

TOTAL ASSETS TURNOVER = NET SALES/AVERAGE TOTAL ASSETS

                                            = 3.6/1.1

TOTAL ASSETS TURNOVER = 3.27 TIMES

In financial accounting, an asset is a resource owned or controlled by a company or entity. It is anything that can be used to create positive economic value. Assets represent the value of an asset that can be converted into cash.

An asset is a resource of economic value owned or controlled by an individual, business, or state with the expectation of providing future benefits. Assets are reported on the company's balance sheet. They are classified as short-term, fixed, financial, and intangible.

Despite all this, a car is an asset even for less than what you paid for it because it can be quickly turned into cash on the market. That alone, by definition, makes it an asset. It's these additional costs and constant depreciation that make a car worthless.

Learn more about ASSETS here

brainly.com/question/11209470

#SPJ4

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An economy produces final goods and services with a market value of $10,000 billion in a given year, but only $8,500 billion wor
Ghella [55]

$5000 is the GDP

Explanation:

GDP calculates the value of final goods and services produced in a given year. The value of goods and services produced is included in GDP measurement and not the value of goods and services sold.

GDP is the largest quantitative measure in the overall economic output of any country.In fact, GDP measures the monetary value of all goods and services produced over a given period within a country's geographical boundaries.

The GDP per capita ratio to the entire region's population is the average standard of living.

3 0
3 years ago
The postal service of St. Vincent, an island in the West Indies, obtains a significant portion of its revenues from sales of spe
klemol [59]

Answer:

It is more profitable to maintain the price at $10

Explanation:

Giving the following information:

The souvenir sheets cost the postal service $1.15 each. St. Vincent has been selling these souvenir sheets for $10.00 each and ordinarily sells about 61,000 units. To test the market, the postal service recently priced a new souvenir sheet at $11.00 and sales dropped to 51,000 units.

We need to calculate the actual revenue and decide whether it is more convenient to increase the price or leave it as it is.

Actual revenue= 61,000 units* (10 - 1.15)= $539,850

New revenue= 51,000 units*(11 - 1.15)= $502,350

It is more profitable to maintain the price at $10

8 0
2 years ago
Which statement best summarizes the role of households in the flow of
emmainna [20.7K]

The answer is A

#FreeMelvin

5 0
3 years ago
Read 2 more answers
A(n) _____________ questionnaire measures what it was intended to measure in the population being assessed.
irinina [24]
The answer in the space provided is the valid questionnaire. It is because a valid questionnaire is a type of questionnaire in which it measures   a particular quantity, group or a particular thing that is related to their research. This type of questionnaire enables to promote the validity and reliability. It could be seen above that it is considered to be a valid questionnaire as it tries to measure something that is related to their research in which they will measure the population.
8 0
2 years ago
Exotech has an inventory turn ratio of 60 with $50 million in annual sales, and an average inventory of $250,000. What is Exotec
Goryan [66]

Answer:

$15 million

Explanation:

Data provided in the question:

Inventory turn ratio = 60

Annual sales = $50 million

Average inventory = $250,000

Now,

we know,

Inventory turn ratio  = ( Cost of goods sold ) ÷ ( Average inventory )

thus,

60 = ( Cost of goods sold ) ÷ $250,000

or

Cost of goods sold = 60 × $250,000

or

Cost of goods sold = $15,000,000 or $15 million

8 0
2 years ago
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