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Anestetic [448]
3 years ago
13

Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compu

te asset turnover (AT) to the nearest hundredth of a percent.
Net income Gross profit on sales Average total assets Sales Tax rate on operating profit
$69,960 $700,400 $360,600 $1,356,504 35%

Select one:

a. 5.16%
b. 9.99%
c. 51.63%
d. 33.56%
Business
1 answer:
zepelin [54]3 years ago
8 0

Answer:

3.76 times

Explanation:

The computation of the asset turnover is shown below:

Asset turnover = Net sales ÷ Average total assets

= $1,356,504 ÷ $360,600

= 3.76 times

By dividing the net sales from the average total assets, the asset turnover could arrive i.e 3.76 times

This is the answer but the same is not provided in the given options

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Mark has long supported a particular brand of footwear and has always bought that brand.​ recently, the footwear manufacturer wa
lidiya [134]

What Mark is displaying is selective distortion. This term is used when individuals continue to interpret information in accordance to the belief that they are supporting.

In the example, even though the news have reported that his favorite shoe brand uses child labor to manufacture the brand’s shoes, Mark chooses to believe that the media is lying instead of accepting the report as true.

3 0
3 years ago
Read 2 more answers
Other variable costs per unit subtracted from total cogs per unit equals ________ per unit. contribution margin operating margin
Anastasy [175]

Other variable costs per unit subtracted from total COGS per unit equals contribution margin per unit.

Variable costs are expenses that vary in relation to production output or sales.

Variable costs play an important role in determining a product's contribution margin, which is used to calculate a company's break-even or target profit level.

Variable costs are a direct input in the calculation of contribution margin, which is the number of proceeds collected after deducting variable costs from sale proceeds.

Every dollar of contribution margin goes directly toward covering fixed costs; once all fixed costs are covered, every dollar of contribution margin goes toward profit.

As a result, variable costs are a necessary item for businesses attempting to determine their break-even point.

Hence, contribution margin per unit is the answer.

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6 0
1 year ago
At the beginning of the current year, Martin Corporation purchases 20% of the outstanding shares of Foster Company for $200,000
ki77a [65]

Answer:

$5,000

Explanation:

Calculation to determine what amount should Martin report as investment income from its ownership of Foster's shares

Using this formula

Amount to be reported as investment income=Net income*Percentage of outstanding shares purchased

Let plug in the formula

Amount to be reported as investment income=$25,000 x 20%

Amount to be reported as investment income= $5,000

Therefore The amount that Martin should report as investment income from its ownership of Foster's shares is $5,000

3 0
3 years ago
Country risk included in the risk premium in interest rates refers to the:
NISA [10]

Answer:

The correct option here is B) the probability of loans not getting repaid in some countries because of political upheaval.

Explanation:

The risk premium is a return on investment that one expects it will yield, this is the return which is in excess of risk free rate of return.

In the risk premium for interest rate it includes both country risk and future exchange rate changes. Where country risk refers to a situation where there is a good chance that loans in some countries won't be repaid due to the political upheaval.

8 0
3 years ago
An infant who begins to explore the environment by actively taking independent action is entering the:
Tpy6a [65]

Answer:

tertiary circular reactions stage.

Explanation:

Tertiary circular reactions stage starts at the age of  12 months to 18 months.  it is the fifth sub stage of children development stages

At this stage the children try to explore the object by involving them like pulling the string, throwing the toys regularly. During this stage, children try to different different action in order to get attention from surrounding

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