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harina [27]
3 years ago
7

Maple Corp. had net sales of $204,550 for the year ended December 31, 2017. Its beginning and ending total assets were $83,200 a

nd $116,500, respectively. Determine Maple's asset turnover ratio for the year ended December 31, 2017. (Round your answer to two decimal places.)
A. 2.46 times
B. 2.05 times
C. 0.49 times
D. 1.16 times
Business
1 answer:
monitta3 years ago
6 0

Answer:

B. 2.05 times

Explanation:

Asset turnover ratio is computed by dividing net sales by average total assets

Given the following information about Maple Corp. for the year ended December 31, 2017

Beginning total assets = $83,200

Ending total assets = $116,500

Average total assets = (83,200+116,500)/2

                                  = 199700 /2

                                  = $99,850

net sales = $204,550

Asset turnover ratio = net sales/average total assets

                                 = $204,550/$99,850

                                 = 2.05 times

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Current information for the Healey Company follows: Beginning raw materials inventory $15,200 Raw material purchases 60,000 Endi
elena-14-01-66 [18.8K]

Answer:

125,800

Explanation:

FIRST we check how many materials were used in production

beg raw + purchases = ending raw + used in production

15,200 + 60,000 = 16,600 + used in production

used in production = 58,600

SECOND the cost added during the period for the three main cost components

Raw materials 58,600

DL 42,800

MOH 30,000

cost added during the period 131,400

LASTLY the COGM

Beg WIP + cost added = ending + COGM

22,400 + 131,400 = 28,000 + COGM

COGM = 153,800 - 28,000

COGM = 125,800

3 0
3 years ago
What is an introductory APR and how does it compare to a standard APR?
Assoli18 [71]

Answer:

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Explanation:

6 0
3 years ago
Read 2 more answers
You are saving for retirement. To live​ comfortably, you decide you will need to save $ 4 million by the time you are 65. Today
olasank [31]

Answer: $50,846.3701

Explanation:

Need to save $4 million to live comfortably,

Interest rate, r = 3%

N = 40 years

Present\ value=\frac{FV_{N} }{(1+i)^{N}}

Present\ value=\frac{4,000,000 }{(1+0.03)^{40}}

Present\ value=\frac{4,000,000 }{3.262}

                             = 1,226,241.57

Present\ value\ of\ annuity= C\times\frac{1}{i}\times(1-\frac{1}{(1+i)^{N}}) + C

1,226,241.57= C\times\frac{1}{0.03}\times(1-\frac{1}{(1.03)^{40}})+C

1,226,241.57= C\times\frac{1}{0.03}\times(1-\frac{1}{(1.03)^{40}})+C

1,226,241.57=C[\frac{1}{0.03}\times(1-0.3065)+1]

1,226,241.57=24.1166\times C

C=\frac{1,226,241.57}{24.1166}

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Hence, $50,846.3701 will be the annual payment to have $4 million in the account on 65th birthday.

7 0
3 years ago
Which entry records the investment of cash by John, owner of a sole proprietorship?
mote1985 [20]
The answer is: D - Debit Cash; credit John, Capital.

Explanation:

The entry records the investment of cash by John, owner of a sole proprietorship is: Debit Cash; credit John, Capital.
4 0
3 years ago
When conducting "focused" inspections, OSHA compliance officers look at four
Rzqust [24]

Answer:

The goal of focused inspections is to reduce injuries, illness, and fatalities in those top four hazards. When deciding whether to conduct a focused inspection, OSHA compliance officers will determine whether there is project coordination by the general contractor and prime contractor.

Explanation:

I hope this helped you :D

6 0
2 years ago
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