1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dimaraw [331]
3 years ago
12

Newtown Propane currently has $490,000 in total assets and sales of $1,820,000. Half of Newtown’s total assets come from net fix

ed assets, and the rest are current assets. The firm expects sales to grow by 19% in the next year. According to the AFN equation, the amount of additional assets required to support this level of sales is $ . (Note: Round your answer to the nearest whole number.) Newtown was using its fixed assets at only 94% of capacity last year. How much sales could the firm have supported last year with its current level of fixed assets? (Note: Round your answer to the nearest whole number.) $1,839,362 $1,548,936 $1,936,170 $2,323,404
Business
1 answer:
Talja [164]3 years ago
5 0

Answer:

c. $1,936,170

Explanation:

Additional assets required to support this sales growth = Growth * Total assets

Additional assets required = 19% * $490,000

Additional assets required = $93,100

Sales at 100% capacity = $1,820,000 / 94%

Sales at 100% capacity = $1,820,000 / 0.94

Sales at 100% capacity = $1,936,170.21

You might be interested in
A U.S. automobile company sells many of its cars in countries that have lower taxes on corporate profits than the U.S. Why might
stira [4]

Answer:

It will be more profitable to vertically integrate because the company will be able to further reduce its costs.

Explanation:

Profit = Sales - Cost

The lower the cost, the higher the profit (if sales remains the same).

A Vertical integration strategy requires a company to <u>own or control its suppliers (backward integration) or its distributors or retailers (forward integration)</u>, and therefore, gain more control over its value chain.

<em>If the U.S. automobile company chooses to vertically integrate into the car retailing business in countries where it sells most of its cars, then it would cut out certain costs, such as the cost of contracting with independent car dealers, which would further improve profitability.</em>

Also, such forward integration into retailing means the company will develop processes along its value chain that will increase the efficiency of its operations.

4 0
3 years ago
Which component of table setting includes knives?
Keith_Richards [23]

Answer:

Steelware I think

Explanation:

7 0
3 years ago
Which of the following is the advantage of cash-based accounting?
Alexxandr [17]
A) it is more accurate than accrual accounting.
4 0
3 years ago
Read 2 more answers
From a vantage point very close to the track at a stock car race, you hear the sound emitted by a moving car. You detect a frequ
yuradex [85]

Answer:

The speed of the car is 67.77 m/s and it is moving away from the observer.

Explanation:

The apparent frequency is given as

f' = f\dfrac{ [v - vo]}{ [v - vs]}

Here

o is the  observer

s is the source which is car

v is the speed of  sound  = 343 m/s

f = true frequency emitted by the car (when stationary)

f ' = 0.835 f

so

f' = f\dfrac{ [v - vo]}{ [v - vs]}\\0.835 f= f\dfrac{ [v - vo]}{ [v - vs]}\\0.835 = \dfrac{ [343 - 0]}{ [343 - vs]}\\0.835=\frac{343}{343-x}\\x=-67.77 m/s

The speed of the car is 67.77 m/s and it is moving away from the observer.

5 0
3 years ago
Stein Co. issued 17-year bonds two years ago at a coupon rate of 9.1 percent. The bonds make semiannual payments. If these bonds
Marizza181 [45]

Answer:

YTM is 7.43%

Explanation:

The yield to maturity of a bond can be computed using the rate formula in excel,which is given below:

=rate(nper,pmt,-pv,fv)

the nper is the number of coupon interest the bond would pay before it is redeemed at maturity starting from ,which is 15 years multiplied by 2=30

the pmt is the semiannual coupon payable by the bond,which is $1000*9.1%/2=$45.5

the pv is the price of the bond which is 115%*$1000=$1150

the fv is the face value of the bond at $1000

=rate(30,45.5,-1150,1000)=3.715%

The rate of 3.715% is a semi annual rate

annual rate 7.43%(3.715%*2)

6 0
3 years ago
Other questions:
  • S&amp;P Enterprises will pay an annual dividend of $2.08 a share on its common stock next year. The firm just paid a dividend of
    6·1 answer
  • NAME ONE ORGANIZATION THAT CAN HELP A NEW ENTREPRENEUR WITH FUNDING AND SKILL DEVELOPMENT SOUTH AFRICA
    12·1 answer
  • A client with suspected multiple myeloma is reporting back pain. What is the priority nursing action?
    6·1 answer
  • Malcolm has decided that he wants to open up his own law practice. The time has come to establish prices for his services. Due t
    8·1 answer
  • Motor Vehicle Assembly Corporation operates a plant near the border between the United States and Mexico. Due to the location, i
    12·1 answer
  • The project is estimated to generate $1.735 million in annual sales, with costs of $650,000. If the tax rate is 21 percent, what
    15·1 answer
  • How do working conditions and company's image motivate employees?
    9·1 answer
  • Calculate the federal government's share of total output in 1993, 2003, and 2013.
    15·1 answer
  • A woman decided to have a painting done of herself. She contracted in writing with an artist, who agreed to paint the woman for
    6·1 answer
  • Budgeting is the process of planning future business activities and expressing them as?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!