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ss7ja [257]
3 years ago
7

Flask Company reports net sales of $4,000 million; cost of goods sold of $3,600 million; net income of $720 million; and average

total assets of $3,450 million. Compute its total asset turnover.
Business
1 answer:
denpristay [2]3 years ago
3 0

Answer:

1.16

Explanation:

Given that,

Net sales = $4,000 million;

Cost of goods sold = $3,600 million;

Net income = $720 million

Average total assets = $3,450 million

Total Asset Turnover Ratio:

= Net Sales ÷ Total Average Assets

= $4,000 million ÷ $3,450 million

= 1.16

Therefore, the total asset turnover ratio of Flask Company is 1.16.

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During 2020 the DLD Company had a net income of $85,000. In addition, selected accounts showed the following changes: Accounts R
zmey [24]

Answer:

$84,500

Explanation:

Data provided as per the question

Net income = $85,000

Depreciation expenses = $1,500

Accounts receivables = $3,000

Increase in accounts payable = $1,000

The computation of amount of cash provided by operating activities is given below:-

Amount of cash provided by operating activities = Net Income + Depreciation expenses - Accounts receivables + Increase in accounts payable

= $85,000 + $1,500 - $3,000 + $1,000

= $84,500

Therefore, for computing the Amount of cash provided by operating activities we simply applied the above formula.

5 0
3 years ago
Some individuals argue that accountants should focus on producing financial statements and leave the design and production of ma
dusya [7]

Answer:

If the accountants of an organization are to concentrate only on financial information then there will be no advantage. The both party (organization and the accountant) might suffer if this happened.

Moreover, it would be very costly to have two systems rather than one that captures and processes operational facts at the same time as it captures and reports financial facts.

The main disadvantage of this is that accountants would ignore much relevant information about the organization's activities. To the extent that such non-financial information (e.g., market share, customer satisfaction, measures of quality, etc.) is important to management, the value of the accounting function would decline.

Explanation:

3 0
3 years ago
Tax questions; if my employer forgot to take taxes out of my salary, am i responsible?
Gre4nikov [31]
It depends in if you noticed or not because if you did you would be responsible for telling them. if you didn't notice then it would be their responsibility. 
  
hope that helped 
8 0
3 years ago
n 2015, Caterpillar Inc. had about 730 million shares outstanding. Their book value was $30.0 per share, and the market price wa
Alika [10]

Answer:

The book debt-to-value ratio is 0.57

Explanation:

The computation of the book debt-to-value ratio is shown below:

Book debt-to-value ratio = (Book value) ÷ (book value of debt)

where,

Book value is $30.0 per share

Book value of debt = Outstanding shares × book value + long term debt

= 0.730 × $30 + $30.50

= $21.90 + $30.50

= $52.40

Now put these values to the above formula  

So, the value would equal to

=  $30.00  ÷ $52.40

= 0.57

8 0
3 years ago
Nicky makes $25,000 a year as a sales clerk. He then decides to quit his job to enter a MBA program full-time (assume Nicky does
Mrac [35]

Answer:

40,000

Explanation:

There is no alternative

So the correct answer for this question is 40,000

Total cost= explicit cost + implicit cost=15,000+25,000=$40,000

1: 15,000+25,00 =

2: Answer found

Answer: 40,000

<em><u>Hope this helps.</u></em>

5 0
3 years ago
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