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Sholpan [36]
3 years ago
11

Campbell Co. has net sales revenue of $1,000,000, cost of goods sold of $680,000, and all other expenses of $232,000. The beginn

ing balance of stockholders' equity is $320,000 and the beginning balance of fixed assets is $288,800. The ending balance of stockholders' equity is $480,000 and the ending balance of fixed assets is $311,200. The fixed asset turnover ratio is closest to _______
Business
1 answer:
ehidna [41]3 years ago
4 0

Answer:

3.33

Explanation:

The fixed asset turnover is the ratio between total sales over fixed assets. It measures how the company uses its fixed assets to generate sales. A low ratio means that the company has probably over-invested in fixed assets.

Fixed asset turnover ratio = total sales / average fixed assets

Fixed asset turnover ratio = $1,000,000 / [($288,800 + $311,200) / 2] = $1,000,000 / ($600,000 / 2) = $1,000,000 / $300,000 = 3.33

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At wich step is a solution implemented in the decision-making process of solving a workplace problem ?
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The decision making process of solving a workplace have seven steps: Identification of the problem, understanding interests, list of possible solutions, evaluating the options, selecting the options, documenting of the agreements and agreeing on contingencies, monitoring and evaluation. The solution is implemented on the last step which is agreeing on contingencies, monitoring and evaluation because in here there are opportunities that are created to evaluate the agreements and the implementation of the solutions.

7 0
2 years ago
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On January 1, 2017, Marigold Corp. had Accounts Receivable of $59,400 and Allowance for Doubtful Accounts of $3,600. Marigold Co
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Answer:

Please see attachment

Explanation:

Please see attachment

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3 years ago
________________ mortgage is two or more mortgages consolidated into one payment, and is usually designed to allow the buyer to
azamat

Answer:

wrap around mortgage

Explanation:

A wrap-around mortgage is can be used in deals of owner-financing.

Wrap around mortgage refers to two or more mortgages consolidated into one payment. Such type of mortgage allow the buyer to purchase with a smaller down payment. A buyer also gets an added benefit of a below market interest rate first mortgage. A wrap-around mortgage can only be used to homes with an existing FHA or VA loans.

8 0
3 years ago
Which of the following activities are prohibited by the Clayton Act when they lead to less competition? Each of these answers is
mariarad [96]

Answer: All of the Above

Explanation:

The Clayton Act of 1914 was passed to curb unfair business practices as well as to protect the rights of labour.

Some practices that were prohibited when they led to less competition include,

- A firm acquiring a major percentage of the stocks of a competing firm because this could signify an amalgamation of efforts on the part of both firms and they could therefore have some control over Pricing.

-A director from one business sitting on the board of a competing firm because this could lead to cooperating or Corperate espionage.

- A buyer is forced to buy multiple products from a producer in order to get a desired product is expressly forbidden.

5 0
3 years ago
Assume that interest rate parity holds and that 90-day risk-free securities yield 6% in the United States and 6.5% in Germany. I
Marianna [84]

Answer: 1.356345

Explanation:

Based on the scenario and information provided in the question, the 90-day forward rate will be calculated as:

= Spot Rate × (1 + Germany Interest Rate) / (1 + United States Interest Rate)

= 1.35 × (1 + 6.5%) / (1 + 6%)

= 1.35 × (1 + 0.065) / (1 + 0.06)

= 1.35 × 1.065/1.06

= 1.35 × 1.0047

= 1.356345

3 0
2 years ago
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