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
anzhelika [568]
3 years ago
9

The company has net sales revenue of $5.0 million during 2018. The company's records also included the following information: As

sets 12/31/17 12/31/18 Property, plant and equipment $ 3.0 million $ 3.9 million Licensing agreements $ 1.2 million $ 1.1 million Goodwill $ 1.0 million $ 1.0 million Investments $ 1.1 million $ 1.2 million What is the company's fixed asset turnover ratio for 2018
Business
1 answer:
il63 [147K]3 years ago
3 0

Answer:

1.45 times

Explanation:

The computation of company's fixed asset turnover ratio is shown below:-

Average of Net Property, plant and equipment = ($3.0 million +  $3.9 million) ÷ 2

= $6.9 million ÷ 2

= $3.45 million

Fixed asset turnover ratio = Net Sales ÷ Average of Net Property, plant and equipment

= $5 million ÷ $3.45 million

= 1.45 times

Therefore for computing the fixed assets turnover ratio we simply applied the above formula.

You might be interested in
Spencer Co. decides to establish a petty cash fund with a beginning balance of $200. The company decides that any purchase under
miv72 [106K]

Answer:

Explanation:

The journal entry is shown below:

Petty cash A/c $200

            To Cash A/c $200

(Being the petty cash fund is established)

Simply we debited the petty cash account and credited the cash account so that the correct posting can be done with the correct item and the correct value.

All other information which is given is not relevant. Hence, ignored it

4 0
3 years ago
Mayan company had net income of $33,480. the weighted-average common shares outstanding were 9,300. the company has no preferred
Dvinal [7]

Answer:

Earnings Per Share = $3.6

Explanation:

Given

Net Income Average = $33,480

Weighted-average common shares outstanding = 9,300

Shares sold = 4,300

Required

Calculate the company's earnings per share.

Earning per share is calculated as thus;

Let N represent the Net Income; P represent the Preferred Dividend and W represent the Weighted-average common shares outstanding

Earnings Per Share = \frac{N - P}{W}

The question says there was no preferred stock;

So, P= 0

Substitute $33,480 for N and 9,300 for W.

The formula becomes;

Earnings Per Share = \frac{33,480 - 0}{9300}

Earnings Per Share = \frac{33,480}{9300}

Earnings Per Share = 3.6

Hence, the calculated Earnings per share of Mayan company is $3.6

3 0
3 years ago
The bullet points beneath a one-line mission statement often serve as A. value statements to show how the mission will be achiev
umka21 [38]
Um, Hello there. The answer to your question is probably going to be.
<span>


The bullet points beneath a one-line mission statement often serve as
A. value statements to show how the mission will be achieved.
B. a timeline for achieving the company's goals.
C. lesser goals to consider for the future.
D. a reminder of the one-line statement.</span>
3 0
3 years ago
Read 2 more answers
Convert the following temperature to Celsius scale (a) 450 k, (b) 273 k, (c) 73 k.​
masya89 [10]

Answer: See explanation

Explanation:

To convert to Celcius scale from Kelvin, the formula to use is:

Temperature in Celcius = Temperature in Kelvin - 273

a. 450k

Temperature in Celcius = Temperature in Kelvin - 273

= 450 - 273

= 177°Celcius

(b) 273 k

Temperature in Celcius = Temperature in Kelvin - 273

= 273 - 273

= 0°C

(c) 73 k

Temperature in Celcius = Temperature in Kelvin - 273

= 73 - 273

= -200°C

6 0
3 years ago
Which of the following is TRUE of debt securities? (A) Debt securities include preferred stocks. (B) Debt securities typically p
Bingel [31]

Answer:

The statement which is correct and true is that the debt securities usually pay interest for the fixed period or year. Therefore, the correct option is B.

Explanation:

Debt securities are the securities which refer to a debt instrument like CD (Certificate of deposit, preferred stock, corporate bond and municipal bond, it is sold or bought among the parties.

It is also called as the securities which are fixed income, therefore, the statement which is correct is that these securities pay interest for a fixed period.

6 0
3 years ago
Other questions:
  • Bargain Central ​Furniture, Inc. completed the following treasury stock transactions in 2016​: LOADING...​(Click the icon to vie
    12·1 answer
  • What is a mutually exclusive project? how should managers rank mutually exclusive projects?
    15·1 answer
  • What is the south african government providing and to whom
    15·1 answer
  • In the Shaping Department of Oriole Company the unit materials cost is $4.00 and the unit conversion cost is $2.00. The departme
    9·1 answer
  • The ending inventory of finished goods for each quarter should equal 20% of the next quarter's budgeted sales in units. The fini
    14·1 answer
  • A mutual fund manager would use beta as part of the analysis of the funds performance in order to ___________.
    11·1 answer
  • Presented below are a number of balance sheet accounts of Deep Blue Something, Inc. For each of the accounts below, indicate the
    14·1 answer
  • You contract to purchase 100 widgets at $100 each. The supplier backs out of the contract. If you are able to purchase, on the o
    10·1 answer
  • 22.On January 1, 2021, Amazon purchased a $64,000 office equipment and expected its useful economic life of 5 years. At the end
    5·1 answer
  • What happens to your employer-sponsored retirement plan if you decide to change employers?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!