Answer:
The fixed asset turnover ratio is closest to 3.62.
Explanation:
The fixed asset turnover ratio can be calculated using the following formula:
Fixed asset turnover ratio = Net sales revenue / Average fixed assets …….. (1)
Where:
Net sales revenue = $1,420,000
Average fixed assets = (Beginning balance of fixed assets + Ending balance of fixed assets) / 2 = ($378,000 + $406,000) / 2 = $392,000
Substituting the values into equation (1), we have:
Fixed asset turnover ratio = $1,420,000 / $392,000 = 3.62
Therefore, the fixed asset turnover ratio is closest to 3.62.
This could depend on the person who caused the collision. However, it would most likely be false because very rarely will the person want to accept the consequences.
Answer:
Deductible expenses: 500 (hobby expense after revenue limit - 2% AGI floor)
.
Explanation:
AGI Before activity: $97,500
Hobby Rev. : $2,500
AGI after activity: 100,000
Hobby expense: 10,550
Hobby expense after revenue limit: 2,500 (lessor of hobby rev. and hobby expense)
2% AGI Floor: 2,000
Deductible expenses: 500 (hobby expense after revenue limit - 2% AGI floor)
$500 is the answer.
Answer:
-$1,035,000
Explanation:
The computation of the cash flows from investing activities is presented below:
Cash flows from investing activities
Loans made to affiliated corporations -$1,340,000
Add: Process from sale of equipment $305,000
Net cash used by investing activities -$1,035,000
The loan made is an cash outflow whereas the proceeds from sale of an equipment is cash inflow so we did the adjustment accordingly
Answer:
Once your body gets used to a certain movement your muscle are ready for it just about everyday. If you dont do it all at once then you wont be getting all the stuff that you want.
Explanation:
