What year was the sale of goods and supply of services act passed ?

During 2015 Lopez Corporation reported net sales of $3,200,000 and net income of $1,200,000. Its balance sheet reported average

Sholpan [36]

The asset turnover is 2.4 times.

Asset turnover = Net sales \div Average total assets

Asset turnover = $3,000,000 \div [ $1,000,000 + $1,500,000 ] \div 2

Asset turnover = 2.4 times

Asset turnover is the ratio of total sales or revenue to average assets. This metric helps investors understand how effectively companies are using their assets to generate revenue. Investors use asset turnover to compare similar companies in the same industry or group.

In the retail sector, an asset turnover of 2.5 or higher may be considered good, but in the utility sector, a company is more likely to aim for an asset turnover between his 0.25 and 0.5.

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8 0

1 year ago

Three primary parts of a business plan

jok3333 [9.3K]

Answer:

1. Executive summary

2. Business description and structure

3. Market research and strategies

5 0

2 years ago

Answer the following as True or False.

svp [43]

Answer:

1. False

2. True

3. True

Explanation:

In Accounting, declaring and paying a stock dividend only decreases Retained Earnings but not Stockholders' Equity on the balance sheet because it has no effect on the cash position of an organization.

5 0

2 years ago

Describe some strategic differences between these firms. What type of trade-off decisions have these firms made

Yuri [45]

Please find full question attached

Answer and Explanation:

I will use Apple and HP in this comparison.Here I would compare Apple's laptop to that of Hewlet Packard as this is where they meet in the industry. Apple employs a strategy of differentiation and standing out in competition through their products. They aim to create products that are quite different and unique/innovative from other products in the market, and yet what the customer wants. In doing this, Apple has a trade-off for cost as they charge alot higher for their products than their competitors. HP on the other hand focus on making the best possible products that get the job done/meet the needs of customers while also being affordable. HP is more focused on affordable devices for their market and therefore have a different market segment for laptops from that of Apple. There is a trade-off for cost and market segment in this comparison

4 0

2 years ago

What is not one of seven mistakes to avoid when managing processes?

Afina-wow [57]

Answer:

bankruptcy

Explanation:

7 0

2 years ago