To pay your bills on the due date or soon after is to earn a ________

Gardial & Son has an ROA of 11%, a 2% profit margin, and a return on equity equal to 17%. What is the company's total assets

bezimeni [28]

Answer:

Total assets turnover = 5.5

Equity multiplier = 1.55

Explanation:

The return on assets (ROA = 11%) is defined as the profit margin (2%) multiplied by the total assets turnover (TAT):

$0.11=0.02*TAT\\TAT = 5.5$

The return on equity (ROE = 17%) is defined as the product of the return on assets (ROA = 11%) by the equity multiplier (EM):

$0.17=0.11*EM\\EM=1.55$

The company's total assets turnover is 5.5

The firm's equity multiplier is 1.55

4 0

4 years ago

The supplies account had a beginning balance of $1,750. Supplies purchased during the period totaled $3,500. At the end of the p

I am Lyosha [343]

Answer:

Debit Supplies expense $4,900

Credit Supplies account $4,900

Explanation:

When supplies are purchased, the entries required includes a debit to supplies account, and a credit cash or accounts payable (depending on whether the purchase was done via cash or on account).

For supplies used up, Debit supplies expense and credit Supplies account. The movement in the supplies account over a period is as a result of purchases and use such that it may be expressed as

opening balance + purchases - supplies used = Closing balance

$1750 + $3,500 - supplies used = $350

Supplies used = $1750 + $3,500 - $350

= $4,900

8 0

3 years ago

Alo Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black an

Nataly [62]

1. The break-even points in sales units are computed as follows:

Break-even point (in units) = Direct fixed cost/contribution margin per unit

Regular model = 20,000 units ($1,200,000/$60)

Deluxe model = 3,529 units ($960,000/$272)

2. The Alo Company's Sales revenue to break-even, company-wide, is computed as follows:

<u>Sales Revenue at break-even point:</u>

= Fixed costs/Contribution margin ratio

= $3,660,800/40%

= $9,152,000

Data and Calculations:

Regular Model Deluxe Model Total

Expected sales quantity 90,000 18,000 108,000

Sales $13,500,000 $12,240,000 $25,740,000

Less: Variable costs 8,100,000 7,344,000 15,444,000

Contribution margin $5,400,000 $4,896,000 $10,296,000

Less: Direct fixed costs 1,200,000 960,000 2,160,000

Segment margin $4,200,000 $3,936,000 $8,136,000

Less:Common fixed costs 1,500,800

Operating income $6,635,200

Selling price per unit $150 $680 ($12,240,000/18,000)

Variable costs per unit $90 $408 ($7,344,000/18,000)

Contribution margin $60 $272 ($680 - $408)

Contribution margin ratio for the company = 40% ($10,296,000/$25,740,000 x 100)

Company total fixed costs = $3,660,800 ($2,160,000 + $1,500,800)

Learn more: brainly.com/question/17173792

5 0

3 years ago

You go to an all-you-can-eat buffet. Once you pay the price to enter the buffet, you can fill your plate as much as you want at

Snowcat [4.5K]

Answer:

Explanation:

Marginal utility refers to the extra satisfaction derived, which is expressed in utils, when an additional unit of a commodity is consumed.

Total utility reaches it's maximum point when marginal utility is zero. As total utility begins to fall, the marginal utility becomes negative.

Alfred Marshall cited the law of diminishing marginal utility, which states, as more and more units of a commodity are consumed, the successive utility derived must fall.

In the given case, if utility is maximized, the marginal utility derived from the last bite eaten would be zero.

3 0

3 years ago

Western Company is preparing a cash budget for June. The company has $12,000 in cash at the beginning of June and anticipates $3

sveta [45]

Answer:

Borrowing require = $2,500

so correct option is d.Borrow $2,500

Explanation:

given data

cash at beginning = $12,000

cash receipts anticipates = $30,000

cash payments = $34,500

minimum cash balance = $10,000

required balance = $10,000

to find out

To maintain the $10,000 required balance

solution

we get here cash at the end of the year that is

cash at the end of the year = Beginning cash balance + Cash Receipts - cash payments .................1

cash at the end of the year = $12000 + $30000 - $34500

cash at the end of the year = $7500

and

we know minimum cash balance maintained is $10,000

so Borrowing require is here as

Borrowing require = $10000 - $7500

Borrowing require = $2,500

so correct option is d.Borrow $2,500

7 0

3 years ago

To pay your bills on the due date or soon after is to earn a _________ credit rating.