Answer:
Accounts receivable turnover = 11.58
Explanation:
The total sales of the company = $980000
Net sales of the company = $955800
Average account receivable = $82500
We have total sales, net sales, and average accounts receivable. Here, we are required to find the account turnover.
Use the below formula to find the account turnover:
Accounts receivable turnover = Net sales / average accounts receivable
Now insert the values:
Accounts receivable turnover = 955800 / 82500 = 11.58
Answer:
13.28%
Explanation:
return on stockholders' equity = net income after taxes and preferred stock dividends / average stockholders' equity
- net income = $1,429,000
- preferred stocks dividends = 8,000 stocks x $75 x 6% = $36,000
- average stockholders' equity = ($10,317,000 + $10,662,000) / 2 = $10,489,500
return on stockholders' equity = ($1,429,000 - $36,000) / $10,489,500 = 13.28%
Answer:
Asper Corporation has provided the following data for February. Denominator level of activity 7,700 machine-hours Budgeted fixed manufacturing overhead costs $ 266,420 Fixed component of the predetermined overhead rate $ 34.60 per machine-hour Actual level of activity 7,900 machine-hours Standard machine-hours allowed for the actual output 8,200 machine-hours Actual fixed manufacturing overhead costs $ 259,960 The budget variance for February is $6,460 Favorable.
Explanation:
Budgeted fixed manufacturing overhead cost = $266,420.
Actual fixed manufacturing overhead costs = $259,960
The budget variance for February is calculated as below:
Budget Variance = Actual Fixed Manufacturing Overheads - Budgeted Fixed Manufacturing Overheads
Budget Variance =$259,960 - $ 266,420.
Budget Variance = -$6,460
Budget Variance = $6,460 Favorable
Answer:
C
Explanation:
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