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]
2 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]2 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
1. Spring Fresh produces premium bottled water. Fresh Spring purchases artesian​ water, stores the water in large​ tanks, and th
allochka39001 [22]

Answer:

A. $45,950

B. $0.84 per liter.

Explanation:

A. February conversion costs in the Filtration Department:

= Direct labor costs(Wages of workers operating filtration equipment) + Manufacturing overhead allocated to filtration

= $25,950 + $20,000

= $45,950

B. Filtration Department completely processed 150,000 liters in February.

Total cost incurred:

= Direct labor costs + Manufacturing overhead allocated to filtration + Water

= $25,950 + $20,000 + $80,000

= $125,950

Filtration cost per liter:

= Total cost incurred ÷ Total units processed

= $125,950 ÷ 150,000

= $0.84 per liter.

7 0
3 years ago
Match the economic scenario to the relevant characteristics. Increase in savings increase in unemployment more demand for funds
Elan Coil [88]

Answer:

Economic expansion

  • Increase in savings

The economy is expanding which means that people have access to higher wages. This will enable them to save more.

  • More demand for funds among borrowers

As the economy is expanding, people will borrow to consume more as well as to invest which will lead to a higher demand for borrowed funds.

  • Increase in price of products

With more people able to afford goods and services, prices will increase as there is now more demand for those goods.

Economic recession

  • Increase in unemployment

With the economy shrinking, companies will be making less profit and will have to layoff workers to reduce their costs.

  • Increase in government borrowing

In a recession, the Government will have to spend more to prop up the economy like the US Government did during this pandemic by providing stimulus packages. This spending is supported by borrowing.

3 0
2 years ago
Xavier, 16, invites a group of his high school friends to swim in a neighbor's pool late at night while that neighbor is away. T
aliina [53]

Answer:A - His prefrontal cortex is underdeveloped.

Explanation: For Xavier to be able to make such a decision as to invite his friends to swim in his neighbors pool while we was out at night shows that his prefrontal cortex is underdeveloped.

Prefrontal cortex is the frontal part of the frontal lobe in the brain. This part of the brain is responsible for some of our behaviours like decision making, social behaviour moderator and personality expressions.

This is to say that Xavier's behaviour was controlled by his prefrontal cortex that is still developing.

8 0
2 years ago
You are trying to find out how high you have to pitch a water balloon in order for it to burst when it hits the ground. You disco
lora16 [44]

Answer:

17.15 m/s

Explanation:

This is a case of free fall, so we can use the next equation:

v_{f}^2=v_{i}^2+2gh

where

v_{f} is the final velocity

v_{i} is the initial velocity (0 in this case)

g is the acceleration of gravity 9.8m/s^2

and h is the height at wich the ballon was pitched.

So we have:

v_{f}=\sqrt{v_{i}^2+2gh} =\sqrt{0^2+2(9.8m/s^2)(15m)} =\sqrt{294m^2/s^2} =17.15m/s

The final velocity, the velocity of the ballon when it hits the ground is 17.15m/s.

5 0
2 years ago
Christopher likes cupcakes (C) and muffins (M). His preferences can be represented by the utility function U(C, M) = C0.5M0.5. H
Tatiana [17]

Answer:

16 cupcakes

Explanation:

U(C, M) = C⁰°⁵ x M⁰°⁵ = √C x √M

total utility obtained by eating 16 cupcakes and 4 muffins = √16 x √4 = 4 + 2 = 6

since the bakery is out of muffins, then utility function = √C x √2 = √C x 1.4142

√C x 1.4142 = 6

√C = 6 / 1.4142 = 4.2426

C = 4.2426² = 18

since there were 2 cupcakes left, Christopher must purchase 18 - 2 = 16 cupcakes

8 0
3 years ago
Other questions:
  • You have a ticket to go to a concert by one of your favorite​ groups, the​ Hives, which you cannot resell. ​ However, you can bu
    12·1 answer
  • Governments often use a sales tax to raise tax revenue​, which is the tax per unit times the quantity sold. will a specific tax
    10·1 answer
  • Pitkin Enterprises produces animal figurines for children and young adults. For children, it makes hard-to-break figurines that
    12·1 answer
  • The easiest way to convert your paper files into electronic files is by _______.
    13·2 answers
  • Which of the following payment types require you to pay upfront?
    13·1 answer
  • Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.21 per hour. 2. Determin
    10·1 answer
  • Here, the rod has a diameter d of 16 centimeters. The length from point A to point B, LAB, is 2 meters, and the length from poin
    15·1 answer
  • Complaints about Microsoft’s Xbox video game consoles began immediately after its introduction. These complaints ranged from mis
    15·1 answer
  • Test the following sentences to see if headwords and verbs agree:
    14·1 answer
  • On December 31, 2020, Nash Inc. has a machine with a book value of $958,800. The original cost and related accumulated depreciat
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!