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NISA [10]
3 years ago
12

On january​ 1, 2017​ hillop, inc. had total assets of​ $370,000. during the​ year, the company purchased new machinery worth​ $8

8,000 and promised to pay the amount due after two years. throughout the​ year, it earned revenue of​ $60,000 every month. calculate the asset turnover ratio.
Business
1 answer:
makvit [3.9K]3 years ago
5 0
<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>
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In a two-stage activity-based costing model, stage one involves Select one: A. assigning direct costs to cost objects. B. assign
LekaFEV [45]

Answer:

The correct answer is letter "B": assigning indirect resource costs to activity pools.

Explanation:

Activity-based costing or ABC is a managerial accounting method that assigns indirect costs to the products which incur the bulk of those costs. In the manufacturing sector, ABC is mainly used to help measure the true cost of output per unit.

<em>The two-step ABC approach involves assigning indirect costs of support departments -e.g., maintenance, quality control- to pools of production departments in the first step. In the second step, activity costs are combined with the indirect costs and overhead rates are added.</em>

5 0
3 years ago
Crane Company sells merchandise on account for $6000 to Blossom Company with credit terms of 1/10, n/30. Block Company returns $
maxonik [38]

Answer:

The amount of check is $4,554

Explanation:

Term 1/10, n/30 means there is a discount of 1% is available on payment of due amount within discount period of 10 days after sale and net credit period of 30 days.

According to given data

Sales = $6,000

Returns = $1,400

Amount due = $6000 - $1,400 = $4,600

As the payment is made within discount period, so discount will be availed

Discount  = $4,600 x 1% = $46

Amount of Check = $4,600 - $46 = $4,554

7 0
3 years ago
Best birdies produces ornate birdcages. the company's average cost per unit is $18.00 when it produces 2,200 birdcages. if $5,50
marshall27 [118]
To predict the total costs for 3,000 birdcages:

Use the average cost per unit of $18.00 and multiply it by 3,000.
($18)(3,000)= $54,000
$54,000 
is the predicted total costs of 3,000 birdcages. 
5 0
3 years ago
Which strategic is phase consists of a concise statement that captures what the planning team believes should be the role of is
Lesechka [4]

The correct option is b. Information systems vision consists of developing a concise statement that captures what the planning team believes should be the role of IS resources in the firm.

A vision of information systems shows the potential roles that these technologies may play in the future. For strategic IS planning, an information system vision is required. This research demonstrates how new technology will open up new possibilities for strategic initiatives and direct thinking. Information systems are a crucial part of many value-added activities that are used to increase organizational performance, decision-making, and profits. These activities are extensions of the development, transformation, and dissemination of information in a corporate context.

The IS planning process typically happens in five phases. Which phase consists of developing a concise statement that captures what the planning team believes should be the role of IS resources in the firm?

a. Information systems guidelines

b. Information systems vision

c. Strategic initiatives

d. Governance

Learn more about  Information systems vision here:

brainly.com/question/15012726

#SPJ4

5 0
2 years ago
Moto Win Auto Superstore is thinking about offering a two-year limited warranty for $978 on all new cars of a certain model. The
kvv77 [185]

Answer:

they would expect to lose 58.68 dollars on each warranty visit.

Explanation:

We can use the following method to solve the given problem in the question;

Solution

Expected value for Motowin = $978*0.94 - $16300*0.06 = - $ 58.68

Hence, In the long run, they would expect to lose 58.68 dollars on each warranty visit.

4 0
4 years ago
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