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
borishaifa [10]
3 years ago
8

Lok Co. reports net sales of $5,856,480 for 2016 and $8,679,690 for 2017. End-of-year balances for total assets are 2015, $1,686

,000; 2016, $1,800,000; and 2017, $1,982,000. (a) Compute Lok's total asset turnover for 2016 and 2017.
Business
1 answer:
mart [117]3 years ago
4 0

Answer:

2016 = $3.36

2017 = $4.59

Explanation:

The solution of total assets turnover is shown below:-

Particulars                                              2016          2017  

Total assets in the beginning     $1,686,000    $1,800,000

Total assets at the end                $1,800,000    $1,982,000

Average assets                            $1,743,000    $1,891,000

(Assets in the beginning + Assets at end) ÷ 2

Sales revenue                               $5,856,480   $8,679,690

Total assets turnover                     $3.36              $4.59

(Sales revenue ÷ Average Total assets)

You might be interested in
From theory, what are some communication channels and barriers? Now from professional experiences, what are some communication c
Ira Lisetskai [31]

Answer:

Communication channels are the channels with which information are passed from one to person to another. Messages and ideas are exchanged using these channels to complete the communication process.

Explanation:

Types of communication channels are:

Email

Social media

TelephoneTelevision

Radio

Face-to-face communication

Oral and written communication

Verbal and non-verbal communication.

Communication can be through the use of words or without words, such as the use of signs and gestures. Communication can take place physical and otherwise.

Barriers in communication this are the things that create disturbances in sent messages and thereby causing a misunderstanding between the sender and receiver.

Barriers are:

Poor communication skills: when an individual communication skill is weak, such individual lacks the confidence to communicate effectively in front of others.

Noise disturbance: Noise disturbance is a barrier that hampers the clarity of a message.

Language barriers: The language barrier occurs when there is diversity in an organization workforce. languages or accents differ fromLanguage to language same as cultures.

Perception differences: This occurs when the senders point of view and receivers doesn’t match up which results in lack of understanding.

Wrong pronunciation of words and poor usage of vocabulary: By not pronouncing words accurately and correctly, wrong message might be passed.

the communication channels in a professional settings are:

Formal communication: the use of written letters and e-mails to colleagues, senior management, or the exchange of thoughts through official presentations before board members.

Informal communication: this kind of message channel exist between acquittances people we are familiar with. Any style and words not suitable in formal communication mode can be used here.

Barriers at the professional level are:

Organizational Hierarchy: due to the long chain of hierarchy or it passes through this alters the original message.

Lack of knowledge of non-verbal communication: Body language, gestures and postures are essential factors of communication as a wrong gestures and postures communicate false messages.

Low confidence level: For am individual to be able face a crowd and pass effective communication he needs his confidence level high.

Clarity in the message: The message been passed must be clear, concise and simple. Free of grammatical and spelling errors.

High confidence level: a confident speakers communicates easily, which his message easy to grasp and understand.

Feedback: for a communication process to be complete the receiver must give a feedback.

Good communication skills:

1. Practicing like they say practice makes perfect.

2. Proper pronunciation of words.

6 0
3 years ago
HELP
stepladder [879]

Answer:

What is the article tho? U can take a picture of the article and send it here so I can try and help you

5 0
3 years ago
The following data relate to the Torrence Company for May and August:
Zinaida [17]

Answer:

Total cost= $1,193,000

Explanation:

Giving the following information:

May August

Maintenance hours 25,000 29,000

Maintenance cost $1,175,000 $1,247,000

<u>First, we need to calculate the variable and fixed costs using the following formulas:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (1,247,000 - 1,175,000) / (29,000 - 25,000)

Variable cost per unit= $18

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 1,247,000 - (18*29,000)

Fixed costs= $725,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 1,175,000 - (18*25,000)

Fixed costs= $725,000

<u>Now, the total cost for 26,000 hours:</u>

Total cost= 725,000 + 18*26,000

Total cost= $1,193,000

7 0
2 years ago
Assume that a manufacturing company incurred the following costs: Direct labor $ 90,000 Advertising $ 40,000 Factory supervision
Len [333]
10092796 tents mei e seen
5 0
3 years ago
What is an advantage of entrepreneurship
Margarita [4]
Entrepreneurship comes with its share of ups and downs. The most obvious advantage is the opportunity to be your own boss. Being in charge and making the important decisions regarding your business can be fulfilling, but it can also be challenging.
6 0
3 years ago
Read 2 more answers
Other questions:
  • Employers prefer to review a _____ resume when trying to find which candidate has the specific skills necessary for a designated
    5·1 answer
  • You have just won ​$20,000 in the state​ lottery, which promises to pay you ​$1,000​ (tax free) every year for the next twenty y
    15·1 answer
  • If economists calculate the gdp for 2009, using current prices of year 2009, what are they estimating?
    12·1 answer
  • When the share of individual income tax collected by the government from people with higher incomes is smaller than the share of
    8·1 answer
  • Which of the following business combinations is a vertical integration? A. The corner gas station buys the competitor across the
    5·1 answer
  • The best way to convince employers of your skills and abilities is to _____. A. Provide a written list, such as in your resume b
    13·1 answer
  • Because leaders need to devise effective solutions in short time spans with limited information, they need to have
    14·1 answer
  • When incorporating a business, which one of the following is not a major step to take?
    9·1 answer
  • Assume that your total cost per unit to make a snack is $4.50. Your company is using a cost-plus pricing strategy and would like
    7·1 answer
  • This type of organization allows for many people to make decisions about the same service or need within the company.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!