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xeze [42]
3 years ago
12

Read the following scenario, and then answer the question below.

Business
1 answer:
timama [110]3 years ago
6 0

Answer: the answer is B on edgenuity. hope this help :)

Explanation:

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Sheridan Company reports the following information (in millions) during a recent year: net sales, $17,371.2; net earnings, $481.
jeka57 [31]

Answer and Explanation:

The computation is shown below:

As we know that

1. Return on assets is

= Net income ÷ avg total assets

where,

Avg total assets is

= (opening total assets + closing total assets) ÷ 2

= ($6,806.4 + $6,899.2) ÷ 2

= $6,852.8

Now return on asset is

= $481.6 ÷ $6,852.8

= 7.0%

2.  Assets turnover ratio = net sales ÷ avg total assets

= $17,371.2 ÷ $6,852.8

= 2.5 times

3.  Profit margin = net income ÷net sales

= $481.6 ÷ $17,371.2

= 2.8%

8 0
3 years ago
A company has net working capital of $0, current liabilities of $25 and total assets equal to $100. What is its current ratio?
kap26 [50]
I believe the answer is B) 1.0
6 0
3 years ago
Falcon Crest Aces (FCA), Inc., is considering the purchase of a small plane to use in its wing-walking demonstrations and aerial
Simora [160]

Answer:

Net present value at 8%=($42510)

Explanation:

Explanation- Net present value   = Present value of cash inflows – Total outflows

={(19000*6.7100) - $170000}

=$127490- $170000

= ($42510)

Annual net cash inflows = Net income+ Depreciation

= $4000+$15000

= $19000

Straight line Method:-

= Cost of asset- Salvage value of asset/No. of useful life (years)

=($170000-$20000)/10 years

=$150000/10 years = $15000

Net present value at 3%=($7926)

Explanation- Net present value   = Present value of cash inflows – Total outflows

={(19000*8.5302) - $170000}

=$162074- $170000

= ($7926)

Annual net cash inflows = Net income+ Depreciation

= $4000+$15000

= $19000

Straight line Method:-

= Cost of asset- Salvage value of asset/No. of useful life (years)

=($170000-$20000)/10 years

=$150000/10 years = $15000

7 0
3 years ago
Annual demand for an item is 11,000 units with the cost per unit at $250. The holding rate is 10% and the order cost is $14.00 p
frutty [35]

Answer:

93 units

Explanation:

Annual demand for an item = 11,000 units

cost per unit = $250

holding rate = 10%

Order cost = $14.00 per order

No. of days in a year = 260

Lead-time = 2 days

Average\ daily\ demand=\frac{Annual\ demand\ for\ an\ item}{No.\ of\ days\ in\ a\ year}

Average\ daily\ demand=\frac{11,000}{260}

                                              = 42.3 units

For a service level of 97%, the value of z is 1.881

Therefore,

Reorder point:

= Average daily demand × Lead time + Standard deviation of the daily demand × no. of standard deviation corresponding to service level probability × \sqrt{Lead\ time}

= (42.3 × 2) + (3 × 1.88 × \sqrt{2})

= 92.57

= 93 units

5 0
4 years ago
Mighty Manny, Incorporated manufactures ice scrapers and distributes them across the midwestern United States. Mighty Manny is i
coldgirl [10]

Answer:

The answer is "Choice D".

Explanation:

FedEx Express has developed or continued being a pioneer in high level, providing quick, which remains the global leader offering quick, efficient, or timely delivery to even more than 220 countries that connect more than 99% of the world's largest gross national product with markets, that's why the Two customers are in Wisconsin for Mighty Manny. Mighty Manny accepts phone orders or ships products via FedEx to its customers.

4 0
3 years ago
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