The following data is available for three different alternatives. Assume an interest rate of 9% per year, compounded annually.

Suppose during 2014 that Federal Express reported the following information (in millions): net sales of $35,497 and net income o

Lorico [155]

Answer:

Asset turnover 1.42

Return on assets 0.39%

Explanation:

Here, we are asked to calculate the asset turn over and the return on assets.

Mathematically;

Asset turnover = Net sales/Average total assets

Net sales = $35,497

average total assets = (25,633+24,244)/2 = 24938.5

Asset turnover = 35,497/24938.5 = 1.42

The return on assets can also be calculated mathematically.

mathematically, return on assets = Net income/Average total assets

Net income = $98

Average total assets = 24,938.5 from above

= 0.0039 or 0.39%

5 0

3 years ago

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At the recent school board meeting, five individuals spoke on both the merits and problems with full-day kindergarten as compa

saul85 [17]

Answer:

defensive listening

Explanation:

Defensive listening happens when an individual hears an apparently innocent commentary and takes it as a personal attack against himself/herself or their beliefs. Many times defense listening is caused because the individual constantly believes that other people are judging them or their ideas.

In this case, Corrine was offended by a commentary that was not intended to be a personal attack, but rather an opinion on a specific topic. Probably Corrine feels strongly against the idea of full-day kindergarten and that is why she felt attacked by a different opinion.

4 0

3 years ago

The Weston Corporation is analyzing projects A, B, and C as possible investment opportunities. Each of these projects has a usef

melamori03 [73]

Answer:

D

Explanation:

8 0

3 years ago

is a form of trading arrangement in which part or all of the payment for purchased goods or services is in the form of other goo

Elan Coil [88]

A countertrade is a form of trading arrangement in which part or all of the payment for purchased goods or services is in the form of other goods and services.

Barter transactions can be among non-public events, among a non-public party and a sovereign state,' or between sovereign international locations." The countertrade transaction includes a parallel set of duties in which the parties ever undertake to sell items or era to the other in separate however related transactions.

The not unusual function of counter-change preparations is that export income to a particular market is made conditional upon undertakings to simply accept imports from that marketplace. for instance, an exporter can also promote machinery to USA X in a situation where he accepts agricultural merchandise from X for a fee.

A countertrade approach targets temporary corrections in a trending security fee motion to profit. The method involves buying/promoting security that has skilled an impulsive bearish/bullish flow within the hopes that a corrective move higher/decrease will permit them to sell/buy it back at that better/lower fee.

Learn more about countertrade here brainly.com/question/20164312

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8 0

2 years ago

Rey Company’s single product sells at a price of $225 per unit. Data for its single product for its first year of operations fol

hram777 [196]

Answer:

Part 1. Prepare an income statement for the year using absorption costing

Sales ($225×29,000) 6,525,000

Less Cost of Sales

Opening Stock 0

Add Cost of Manufactured Goods ($95.83×29,000) 2,842,000

Less Closing Stock 0 2,842,000

Gross Profit 3,683,000

Less Expenses

Selling and Administrative Expenses:

Variable ($27×29,000) 783,000

Fixed 493,000 218,000

Net Income 2,682,000

Part 2. Prepare an income statement for the year using variable costing

Sales ($225×29,000) 6,525,000

Less Cost of Sales

Opening Stock 0

Add Cost of Manufactured Goods ($81.00×29,000) 2,349,000

Less Closing Stock 0 2,349,000

Contribution 4,176,000

Less Expenses

Fixed Manufacturing Costs 493,000

Selling and Administrative Expenses:

Variable ($27×29,000) 783,000

Fixed 493,000 218,000

Net Income 2,682,000

Explanation:

Part 1. Prepare an income statement for the year using absorption costing

Absorption Costing, also known as Full Costing includes Fixed Manufacturing as part of Product Cost.

All Non - Manufacturing Costs are then Presented as Period Costs

Product Cost Per Unit:

Direct materials 29.00

Direct labor 37.00

Variable overhead 15.00

Fixed Overhead 430000/29000 14.83

Total Product Cost 95.83

Part 2. Prepare an income statement for the year using variable costing

Variable Costing, also known as Marginal Costing only includes Variable Manufacturing Costs as part of Product Costs

Fixed Manufacturing and All Non - Manufacturing Costs are then Presented as Period Costs.

Product Cost Per Unit:

Direct materials 29.00

Direct labor 37.00

Variable overhead 15.00

Total Product Cost 81.00

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3 years ago

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