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laila [671]
3 years ago
6

During 2020, Whispering Winds Corp. reported net sales of $4,502,400 and net income of $1,510,000. Its balance sheet reported av

erage total assets of $1,680,000. Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.)
Business
1 answer:
amid [387]3 years ago
3 0

Answer:

2.68

Explanation:

Data provided in the question:

Reported net sales = $4,502,400

Reported net income = $1,510,000

Reported average total assets = $1,680,000

Now,

The the asset turnover is calculated using the formula as

Asset turnover = ( Net sales ) ÷ ( Average total assets )

or

Asset turnover = $4,502,400 ÷ $1,680,000

or

Asset turnover = 2.68 times

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Determine which startegic review process element is described below.
Nadusha1986 [10]

Answer:

a. New Strategic Projects

b. Trend Analysis

c. Environmental Scanning

Explanation:

In the statement a, the strategy followed is based on project. This amendment is viewed as a project rather than a business goal. This is one off modification in the system to automate the deposits and have check and balance with ease.

In statement b, the study of interest rates of past 5 years is trend analysis. Past events are analyzed to predict the future.

In statement c, the environmental analysis is done. The democratic candidate will impose higher taxes and republic candidate will lower the taxes, this is considered as environmental scanning.

5 0
3 years ago
If the month-end bank statement shows a balance of $36,000, outstanding checks are $10,000, a deposit of $4,000 was in transit a
Misha Larkins [42]

Answer:

c) $30,600

Explanation:

Bank statement balance = $36,000

Outstanding checks = ($10,000)

Deposit in transit as at month end = $4,000

Erroneous check charged = $600

Correct balance in the bank account = $36,000 - $10,000 + $4,000 + $600

                                                             = $30,600

The right option is c) $30,600

3 0
3 years ago
Shelia was abducted from a school football field, taken to a bank, and forced to withdraw money from an atm machine. afterward,
Law Incorporation [45]
The correct answer is
A. Football Field

The reason for this is because the football field is the place where she was abducted. Although other crimes were committed the beginning of the crime starts with her abduction.
4 0
3 years ago
An oligopolistic market structure is distinguished by several characteristics, one of which is market control by a few large fir
hichkok12 [17]

Answer: Option A

Explanation: The basic organisational structure and several different characteristics prevailing in a business environment together constitutes a market structure. In an oligopolistic there are very few large firms which dominate the market, for example - auto industry.

As firms in the oligopolistic market are very high this results in high concentration in the market. Each firm in this market structure operates in so large scale that actions of one affects the operations of others.

Usually the capital need in such industries is too large making it difficult to entry also the need for several licenses acts as barriers to entry but there is no such thing like NO ENTRY in such industries.

5 0
2 years ago
A promissory note:
Travka [436]

Answer:

d. is a written promise to pay a specified amount of money at a certain date.

Explanation:

A promissory note, also known as note payable, is a financial instrument used when you borrow or loan money, it establishes the terms and details of the agreement (amounts, interests, late fee, <em>maturity date,</em> etc.). <em>It consists of a written promise where the issuer promises to fulfill the terms and to pay to the payee on the determined date.</em>

I hope you find this information useufl and interesting! Good luck!

8 0
3 years ago
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