<span>asset turnover ratio is the ratio of the value of a company's sales or revenues generated relative to the value of its assets. The Asset Turnover ratio can often be used as an indicator of the efficiency with which a company is deploying its assets in generating revenue.
Given that the sales is 60k and the value of the asset is 370k, the ratio is simply the sales / value of assets which is 60/(370-88).</span>
Answer:
7.5%
Explanation:
Cost savings
:
= Equipment cost - New machine cost
= 30,000 - 12,000
= 18,000
Depreciation per year
:
= Cost of automated bottling machine ÷ Useful years
= 120,000 ÷ 10
= 12,000
Simple rate of return:
= (Cost savings - Depreciation of new equipment) ÷ (cost - salvage of old)
= (18,000 - 12,000) ÷ (120,000 - 40,000)
= 6,000 ÷ 80,000
= 0.075
= 7.5%
Actual budget performance report compares actual performance and budgeted performance based on actual activity level.
<h3>What is a budget?</h3>
A budget serves as a term that describes how to place our needs on our income, it is a way to balance our expenses and income.
Actual budget performance report gives room to
compares actual performance and budgeted performance based on actual activity level.
Learn more about budget at:
brainly.com/question/6663636
Answer: No loss, no gain
Explanation:
When an employer changes group plan to another insurer, all employees under the previous coverage would be eligible to gain under the new plan without any delay for probation.
