Answer:
Total Asset Turnover = 0.6 times
Explanation:
Total Asset Turnover = $600,000/$1,000,000
Total Asset Turnover = 0.6 times
It measures the efficiency of a company's use of its assets in generating sales revenue or sales income to the company. Companies with low profit margins tend to have high asset turnover, while those with high profit margins have low asset turnover.
It is an important financial ratio used to understand how well the company is utilizing its assets to generate revenue.
Answer:
See
Explanation:
Selling price = $25,000/1,000 = $25
Variable cost = $17,500/1,000 = $17.5
1,001 units
Contribution margin income statement
Sales ($25,000 + $25)
$25,025
Less variable expenses
The question is about Audit procedures of inventory that differ if
The Inventory is in small number
- Complete inventory can be counted.
- The inventory is different type of boats each boats market price can be checked separately.
- Floor to record and record to floor can both be tested appropriately.
The Inventory is in large number
- Sample based count.
- The inventory is different type of boats each boats market price can not be checked separately, instead again a sample of inventory will be checked.
- Floor to record and record to floor can be tested on a sample basis.
Learn more at brainly.com/question/25759232
She decides to purchase the beats brand because she believes it’s a higher quality set. In this case, alicia has been influenced by the Informative effect of price.
<h3>
Information effect of price.</h3>
Consumers tend to use the information about the price of a product to ascertain its Quality. The is basically because the perception of quality is usually indicated by price.
Here, Alicia buying the beats brand even thogh it costs higher than the skullcandy model shows that she is using the information effect of price making her to perceive the beats brand as having higher quality.
Learn more on Information effect of price: brainly.com/question/7930369
