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3 years ago

Baldwin has an asset turnover of 1.55 (Asset Turnover = Sales/Assets). That means:________.

Business

1 answer:

DedPeter [7]3 years ago

5 0

Answer:

4. Each $1.00 of assets in the firm generates $1.55 of sales revenue.

Explanation:

Given that

The asset turnover ratio is 1.55 times

Also, it could be calculated by applying the following formula

Asset turnover ratio is

= Sales ÷ Average assets

In this the comparison is made for generating the sales by considering the assets

Therefore in the given case, the last option is correct and hence the same is to be considered

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On January 1, 2017, Marin Company purchased 12% bonds, having a maturity value of $320,000, for $344,260.74. The bonds provide t

kap26 [50]

Answer and Explanation:

The Journal entry is shown below:-

1. Debt Investment Dr, $344,260.74

To Cash $344,260.74

(Being cash paid is recorded)

2. Interest Receivable Dr, $38,400

To Debt Investment $3,973.93

To Interest Revenue $34,426.07

(Being interest received is recorded)

Fair Value Adjustment Dr, $1,713.19 ($342,000 -$340,286.81)

To Unrealized Holding Gain or Loss - Equity $1,713.19

(Being fair value adjustment is recorded)

3. Unrealized Holding Gain or Loss - Equity $7928.68

($335,915.49 - $329,700 + $1,713.19)

To Fair Value Adjustment 7,928.68

(Being unrealized loss or gain is recorded)

Working note

Book value of Interest Interest Amortization Book value

debt beginning Revenue Receivable (d = c - d) of debt

(a) b=(a × 10%) c at the end

($320,000 × 12%) (e - d)

$344,260.74 $34,426.07 $38,400 $3,973.93 $340,286.81

$340,286.81 $34,028.68 $38,400 $4,371.32 $335,915.49

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3 years ago

Identify each of the preceding costs as either a product or a period cost. If the cost is a product cost, decide whether it is f

____ [38]

Answer and Explanation:

The classifications are as follows

1. Product cost and the manufacturing overhead

2. Period cost

3. Product cost and direct labor

4. Period cost

5. Product cost and the manufacturing overhead

6. Product cost and the manufacturing overhead

7. Product cost and direct material

8. Period cost

9. Product cost and direct material

10. Product cost and direct material

11. Period cost

12. Product cost and the manufacturing overhead

13. Product cost and the manufacturing overhead

14. Product cost and direct labor

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3 years ago

In the context of project management, a task duration is always the same as the amount of work (effort) it takes to finish the t

Mashutka [201]

Answer:

False

Explanation:

The statement that says that in the context of project management, a task duration is always the same as the amount of work (effort) it takes to finish the task is false because the effort is the time a person needs to finish a task while the duration is the period of time that a person has to finish it. For example, an employee has a task that takes forty hours of work to finish it but he has a month to do it. In this case, the effort is forty hours but the task duration is one month.

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3 years ago

Why are some producers forced to sell their products at the prevailing market price?

Elden [556K]

Answer: High degree of similarity to competitors products.

Explanation:

In a perfectly competitive markets, the producers are price takers as the producers cannot influence the prices of goods in a market.

In such cases, producers are forced to sell the goods at current market prices. Good sold in the market are similar and prices are usually the same. If a producer influences his or her price by setting a price above the equilibrium price in the market, the customers will move and purchase the product from other producers.

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3 years ago

Read 2 more answers

At present, discretionary fiscal spending accounts for approximately _____ percent of the federal budget.

grandymaker [24]

Answer: 20%

Explanation:

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2 years ago