1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ilya [14]
3 years ago
11

The following information was reported by Young's Air Cargo Service for 2017: Net fixed assets (beginning of year) $ 1,860,000 N

et fixed assets (end of year) 2,280,000 Net operating revenues for the year 3,230,000 Net income for the year 1,600,000 Compute the company's fixed asset turnover ratio for the year. (Round your answer to 2 decimal places.)
Business
1 answer:
Degger [83]3 years ago
3 0

Answer:

1.56

Explanation:

Data provided in the question:

Net fixed assets (beginning of year) = $1,860,000

Net fixed assets (end of year) = $2,280,000

Net operating revenues for the year = $3,230,000

Net income for the year = $1,600,000

Now,

company's fixed asset turnover ratio for the year

= Net operating revenues ÷ Average total assets

Also,

Average total assets

= [Net fixed assets (beginning of year) + Net fixed assets (end of year) ] ÷ 2

= [ $1,860,000 + $2,280,000 ] ÷ 2

= $2,070,000

Therefore,

Company's fixed asset turnover ratio for the year

= $3,230,000 ÷ $2,070,000

= 1.56

You might be interested in
Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3
Vitek1552 [10]

Answer:

$671.92

Explanation:

Note: The full question is attached as picture below

Product R3

Labor-related cost = 40736/7200*5400

Labor-related cost = $30,552

Production orders = 65970/1600*1000

Production orders = $41,231

Order size = 433175/7100*3100

Order size = $189,133

Total overhead = Labor-related cost + Production orders + Order size

Total overhead = $30,552 + $41,231 + $189,133

Total overhead = $260,916

Annual production and sales of Product of R3 = 900 u nit

Overhead cost per unit = Total overhead / Unit

Overhead cost per unit = $260,916 / 900

Overhead cost per unit = $289.92

Direct material = $226

Direct labor = (26*6) = $156

Unit product cost = Overhead cost per unit + Direct material + Direct labor

Unit product cost = $289.92 + $226 + $156

Unit product cost = $671.92.

3 0
2 years ago
You are planning a store on a large lot. Your budget only allows for 800 linear feet of walls. What is the maximum square
Galina-37 [17]

Answer:

The correct solution is "40,000 sq/ft".

Explanation:

The given value is:

Feet of walls

= 800 ft

Sides,

= 4

Now,

The square store will be:

= \frac{800}{4}

= 400 \ ft

The max footage of square will be:

= 400\times 100

= 40,000 \ sq/ft

8 0
3 years ago
Alyssa owns and operates a store in a country experiencing a high rate of inflation. In order to prevent the value of money in h
artcher [175]

Answer:

It is an example of the shoes leather costs.

Explanation:

Shoe leather cost is the cost which involve the time as well as the efforts which people spend on trying to counter-act the inflation effects like holding less amount of cash and make additional trips to the bank.

In this scenario, Alyssa in order to protect herself from the effect of the inflation, she sends employee to bank for depositing the money into the bank four times a day. Therefore, it is an example of Shoe leather cost

7 0
3 years ago
The account titles for transaction (C) 5/4 should appear in the Account Title column of the journal entry as
maxonik [38]
The account titles for transaction (C) 5/4 should appear in the Account Title column of the journal entry as s<span>upplies Cash

Hope this helps!!</span>
7 0
3 years ago
Amazon creates many utilities for its customers, but perhaps the most valuable utility for consumers is ________, the utility cr
OlgaM077 [116]

Answer:

The correct answer is Place Utility

Explanation:

Place Utility is the utility that a good has because of the place where it is located. A product that has high place utility is a product that is near customers, or that can change locations in order to be even nearer to the customers.

This is a fancy way to say that delivered products are useful because they are available at your doorstep, which is the most convenient place possible. This is the principle from which Amazon has built. Amazon depends on the place utility of the products it offers.

3 0
3 years ago
Other questions:
  • A consumer's decision-making process is influenced by his/her _________, consisting of those people who help shape the consumer'
    5·1 answer
  • A closed-end fund starts the year with a net asset value of $20. By year-end, NAV equals $20.90. At the beginning of the year, t
    8·1 answer
  • Monty Corp. receives $180,000 when it issues a $180,000, 10%, mortgage note payable to finance the construction of a building at
    12·1 answer
  • Marcus, a manager at Royal Memphis Hotel, is training a new group of employees. After each training session, the employees compl
    10·1 answer
  • Imagine that you are the manager of valley skateboard shop. the accountant for the business has delivered the news that sales ar
    13·1 answer
  • Progressive women reformers worked to: (a) reduce wages (b) limit the worday (c) overturn the nineteenth amendment (d) establish
    12·2 answers
  • Juan argued that bluegrass is the best food for cattle in the Midwest. Sammy objected by citing how the authorities at the U.S.
    14·1 answer
  • Easy career question below first correct answer gets brainliest
    15·1 answer
  • When buyers in a competitive market take the selling price as given, they are said to be a. monopolists. b. free riders. c. pric
    9·1 answer
  • In Denmark, the personal income tax rate is 55 percent. One of the reasons workers are willing to pay this is because they know
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!