Answer:
3.20
Explanation:
The computation of the asset turnover ratio is shown below:
Total asset turnover = (Net Sales revenue ÷ Average Total assets)
= ($16,320,000 ÷ $5,100,000)
= 3.20
It shows a ratio between the net sales revenue and the average total assets.
All other information which is given is not relevant. Hence, ignored it
Answer:
To generate a favorable overall revenue and spending variance, managers must take actions to increase the prices of inputs. Incorrect
Explanation:
For the statement to be termed as correct, it has to be; <em>To generate a favorable overall revenue and spending variance, managers must take actions to protect selling prices, increase operating efficiency, and reduce the prices of inputs.</em>
Answer:
a. federal jurisdiction
Explanation:
According to my research on different case jurisdictions, I can say that based on the information provided within the question the diversity of the parties’ citizenship could serve as a basis for federal jurisdiction. This can be said because the federal jurisdiction is handled by federal courts which usually handle cases in which the United States of America is one of the parties involved in the case, like in this situation.
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Answer:
Equivalent Units = 61,200
Explanation:
The transferred units, means they complete their process, so move out and count as 100%
The ending WIP will be compute for their completion percent.
54,000 Transferred out
12,000 x 60% 7,200 equivalent
Equivalent Units = 61,200
