What's the perspective of an employees the effective channeling of work related information and concerns

For 2020, Cullumber Company reported beginning total assets of $200,000 and ending total assets of $340,000. Its net income for

emmasim [6.3K]

Answer:

The assets turnover ratio for 2020 is 1.10 times.

Explanation:

The assets turnover ratio is calculated by dividing the Net sales by the average total net assets. This ratio tells us the efficiency of a company's assets in generating sales. The ratio tells how much $ sales are generated for each $1 of the asset.

The formula for Assets turnover = Net Sales / Average net total assets

The average net total assets = (200000 + 340000) / 2 = $270000

The assets turnover for 2020 = 297000 / 270000 = 1.10 times

5 0

3 years ago

Break-even sales and sales to realize operating income For the current year ended March 31, Cosgrove Company expects fixed costs

eimsori [14]

Answer:

a. 22,400 units

b. 27,600 units

Explanation:

Break even point is the level of Activity where a firm neither makes a profit nor a loss.

Break -even (units) = Fixed Costs / Contribution per unit

Contribution per unit

Contribution per unit = Sales per unit less Variable Cost per unit

= $66 - $44

= $22

Break -even (units) = $492,800 / $22

= 22,400 units

Sales units to reach a target profit = (Target Profit + Fixed Costs) / Contribution per unit

= ($114,400 + $492,800) / $22

= $607,200 / $22

= 27,600 units

4 0

3 years ago

Which is an example of a land-use law?

melomori [17]

Answer:

easements, trespassing, and eminent domain. Explanation: Zoning is the most common form of land-use regulation, used by municipalities to control local property development. Other legal issues pertaining to land use include

4 0

3 years ago

A good system of internal control for cash provides adequate procedures for protecting both cash receipts and cash disbursements

kirill [66]

Answer:

The correct answe is A basic guideline for safeguarding cash is to separate the duties of those who have custody of cash from those who keep cash records.

Explanation:

A separate management of the registry and custody functions will reduce fraud, since being two tasks where cash is handled, it is likely that if the same person performs both functions, they will end up diverting money for their convenience, which directly affects in the organization and would waste important resources that can be executed in other important areas.

5 0

3 years ago

Read 2 more answers

Presented below is information from Headland Computers Incorporated.

mojhsa [17]

Answer:

July 1

Dr Accounts receivable $22,600

Cr Cash $22,600

Dr Sales returns and allowances $1,334

Cr Allowances for Sales returns and allowances $1,334

July 10

Dr Cash $21,922

Dr Sales Discount $678

Cr Accounts Receivable $22,600

July 17

Dr Accounts receivable $256,100

Cr Sales revenue $256,100

July 30

Dr Cash $256,100

Cr Accounts receivable $256,100

Explanation:

Preparation of Journal entry

July 1

Dr Accounts receivable $22,600

Cr Cash $22,600

Dr Sales returns and allowances $1,334

Cr Allowances for Sales returns and allowances $1,334

July 10

Dr Cash $21,922

(97%×$22,600)

Dr Sales Discount $678

(3%×$22,600)

Cr Accounts Receivable $22,600

($21,922+$678)

July 17

Dr Accounts receivable $256,100

Cr Sales revenue $256,100

July 30

Dr Cash $256,100

Cr Accounts receivable $256,100

6 0

3 years ago