Answer:
1.42
Explanation:
The fixed asset turnover is a financial ratio that shows how much sales is generated by management for each $1 invested in fixed asset over the period. It is the ratio of sales to average fixed asset.
Average fixed asset is the sum of the beginning and ending fixed asset divided by 2.
Average fixed assets
= ($4.2 + $6.3)/2 (Amount in millions)
= $5.25 million
The company's fixed asset turnover ratio for 2018
= $7.4/$5.2
= 1.42
It means that the company makes a sales revenue of $1.42 for every $1 invested in fixed assets.
Answer:
TRUE
Explanation:
A potential obligation that depends on the future outcome of past events is a contingent liability!
- An obligation is something that is to be done
- A potential obligation is a thing or activity that is among the options of stuff that can be done
- When something depends on the future outcome of past events, it introduces or carries with it, the cost of waiting (for future outcomes)
- A contingent liability is something that poses probability of loss instead of gain. The opposite of liability is asset.
So in business, a potential obligation or action that depends on the future outcome of past events is a contingent loss rather than gain.
We call them Concession staff. Concession staff set up the drinks, clean, serve drinks to customers while working as staff at a stadium. This can be at a Football game, Baseball etc. Keep in note that in some areas other places call them different names but the most common name is a Concession staff.
Answer:
$42.2
Explanation:
The base rate is $25
The first 50 visits cost $.30 per visit. The total for the first 50 visits will be:
50 X $.30
= 50 x 0.30 =$15
After the first 50 visits, the customer pays $.10 per visit. The no. of visits after 50 will be 72- 50.
Costs after 50 visit will be 22 X .10
=22 x .10= $2.2
The total amount the customer will pay is $25 + $15 + $2.2
=$42.2
