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
kakasveta [241]
3 years ago
10

A firm has sales of $1,220, net income of $226, net fixed assets of $544, and current assets of $300. The firm has $101 in inven

tory. What is the common-size statement value of inventory
Business
1 answer:
Nady [450]3 years ago
4 0

Answer:

11.97%

Explanation:

Common size statement value of inventory is where all accounts are expressed as a percentage of total assets.

Total assets = Net fixed assets + Current assets

= $544 + $300

= $844

Common size statement value of inventory = Inventory ÷ Total assets

= $101 ÷ $844

= 0.1197

= 11.97%

You might be interested in
The following information is from Amos Company for the year ended December 31, 2019.
Juliette [100K]

Answer:

Explanation:

The preparation of the statement of retained earnings for Amos Company is shown below:

Retained earnings at December 31, 2018 (before discovery of error) $858,000

Less: Depreciation expense two years ago -$45,600

Add: net income $209,000

Less: Cash dividends declared and paid during the year -$11,000

Retained earnings at December 31, 2019             $1,010,400

3 0
3 years ago
The following lists are nations with mixed economies. In which list is the free market most dominant?. . A. France, Canada, Sout
Marizza181 [45]


A free market is a type of economy which allows the manufacturers and consumers to interact resulting to the relationship between the supply and demand market. This is different from the command market in which the government controls solely. One of the countries with strong free market economy are B. US, UK, HK and Singapore.
5 0
3 years ago
For a company using target costing, market price minus profit equals target price.
Pachacha [2.7K]

Answer:

For a company using target costing, market price minus profit equals target cost and not target price.

The correct answer is False

Explanation:

Target cost is the excess of market price over target profit margin. In target costing, the company does not fix the selling price because selling price is determined by the market.

6 0
3 years ago
having an arena with bandwidth that is stronger than the average event venue is one way that the atlanta hawks have ____________
IgorC [24]

Based on the product differentiation strategy, the Atlanta Hawks have "differentiated" their market offering specifically.

Atlanta Hawks ensured that they had an arena with a stronger bandwidth than the average event venue.

Atlanta Hawks is known for renovating their home arena by targeting the Millenials as their customer group.

Atlanta Hawks is an American professional basketball team that has its home in Atlanta.

Hence, in this case, it is concluded that Atlanta Hawks is one of the prominent basketball teams that employ marketing strategies to entice fans and customers.

Learn more here: brainly.com/question/22719652

8 0
3 years ago
Overall, would it be more profitable for a business to follow the economic model or the socioeconomic model of social responsibi
max2010maxim [7]
The economic model of social responsibility holds that society will benefit most when business is left alone to produce and market profitable products that society needs. Socioeconomic model of social responsibility, which places emphasis not only on profits but also on the impact of business decisions on society.
https://quizlet.com/82572828/chapter-2-business-ethics-social-responsibility-flash-cards/
4 0
3 years ago
Read 2 more answers
Other questions:
  • Presented below are a number of transactions. Determine whether each transaction affects common stock, dividends, revenue, expen
    5·1 answer
  • During 2020, Sarasota Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Sarasota for
    5·1 answer
  • Which of the following statements accurately describes the economic policy of mercantilism?
    10·1 answer
  • Whats a career that's fun and pays good?
    15·2 answers
  • What determines our ability to purchase things we want and/or need?
    11·1 answer
  • Michael works as a financial advisor in a doctor’s office. The two organizations that Michael most likely belongs to are the
    10·2 answers
  • i have a kid named aj he is talking to himself and he is allways yelling can you have me evidence he is from windy hill middle s
    14·2 answers
  • List the pros and cons of partnerships.​
    14·1 answer
  • Skysong, Inc. compiled the following financial information as of December 31, 2022:
    13·1 answer
  • A local university has a student population that is 55% male. 60% of students are undergraduates. 38% are both male and undergra
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!