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igor_vitrenko [27]
3 years ago
9

Compute the asset turnover ratio using the following information: net sales is $100,000 for the year, last year's assets in plac

e were $900,000 and this year's assets in place are $1,100,000. Receivables for both years are $50,000.
Business
1 answer:
12345 [234]3 years ago
6 0

Answer: 0.097

Explanation:

Given that,

Net sales = $100,000 for the year

Last year's assets = $900,000

Current year's assets = $1,100,000

Receivables for both years = $50,000

Total assets = Last year's assets + Current year's assets + Receivables for both years

                    = $900,000 + $1,100,000 + $50,000

                    = $2,050,000

Average of total assets = \frac{2,050,000}{2}

                                       = $1,025,000

Asset turnover ratio = \frac{Net\ sales}{Average\ total\ assets}

                                   = \frac{100,000}{1,025,000}

                                   = 0.097

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A decrease in investment spending at each price level will shift the aggregate ______.
salantis [7]

Answer:

A decrease in investment spending at each price level will shift the aggregate demand curve to the left

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On January 2, 2015, Alvarez Company purchased an electroplating machine to help manufacture a part for one of its key products.
Butoxors [25]

Answer:

Straight line for 2015-2020= $37,500 each year

Double Declining 2015 = $83,500, other years are explained

Untis of production 2015= $45,000.2, other years are in the explanation.

Explanation:

The completion of the question is as follows

FOr Units of Production,  (Assume annual production in platings of 140,000; 180,000; 100,000; 110,000; 80,000; and 90,000.)

The question is to determine and compute the depreciation expense for 2015-2020 as follows

a) Straight line method

Formula = Cost of Equipment - The residual value / useful life of the equipment

= $250,500- $25,500 / 6 years

= $37,500

Year 2015 = $37,500

Year 2016 = $37,500

Year 2017 = $37,500

Year 2018 = $37,500

Year 2019 = $37,500

Year 2020 = $37,500

b) Double Declining Balance

Formula = The straight line method rate x 2 x The net book value of the machine

= 1/6 x 2 x $250,500

2015= $83,500

2016 = 1/6 x 2 x $250,500- $83,500 = $55,666.67

following the same process of getting the book value for each year, subtract the depreciation from the book vaule for the next year

2017= 31,111.11

2018= 24,740.74

2019= 16,493..83

2020= 7,487.65

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First we get the unit cost = The Cost of the machine - its salvage value/ the number of cuttings

= $250500-$25500 / 700,000 cuttings = 0.32143

Year 2015 = 0.32143 x 140,000 = 45,000.2

Year 2016 = 0.32143 x 180,000= 57,857.4

Year 2017 = 0.32143 x 100000= 32,413

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3 0
3 years ago
You want to be a millionaire when you retire in 40 years. a. How much do you have to save each month if you can earn an annual r
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Answer:

The answers are:

a. 1866.79

b. 2489.05

c. 3733.57

Explanation:

a. Let us begin by calculating the total amount to be saved each year.

Let the total amount to be saved each year be "m"

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Therefore to be a millionaire in 40 years, the total amount saved for the year + the annual return on that amount when multiplied by 40 will yield 1 million. It is represented thus:

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c. If you wait 20 years before saving, you hve 20 years more to save.

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(1.116m) × 20 = 1,000,000

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Therefore amount to be saved per month = 44802.867383512 ÷ 12 = 3733.57 ( to 2 decimal places).

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