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Dovator [93]
3 years ago
9

Cullumber Company reports the following information (in millions) during a recent year: net sales, $12,105.0; net earnings, $355

.0; total assets, ending, $5,825.0; and total assets, beginning, $4,090.0. Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin.
Business
1 answer:
Alex17521 [72]3 years ago
3 0

Answer:

1. 0.07161

2. 2.43

3. 0.02932

Explanation:

1. The computation of the return on total assets is shown below:

Return on assets = (Net income) ÷ (average of total assets)

where,

Net income is $355

Average total assets = (Beginning total assets + ending total assets) ÷ 2

                                   = ($4,090 + $5,825) ÷ 2

                                   = $4,957.50

Now put these values to the above formula  

So, the ratio would equal to

= $355 ÷ $4,957.50

= 0.07161

2. The computation of the assets turnover is shown below:

Total asset turnover = (Net Sales ÷  average of total assets)

                                   = ($12,105 ÷ $4,957.50)

                                   = 2.43

3. The computation of the profit margin is shown below:

= (Net earnings ÷ net sales) × 100

= ($355 ÷ $12,105) × 100

= 0.02932

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The truth in lending act is contained in title of I of the:
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Answer:

truth of lending act

Explanation:

laid the foundation for consumer protection

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3 years ago
A woman is shopping with her three children. She is carrying several items and does not have a shopping basket. She is still bro
dlinn [17]

Answer: The women customer either complain to the supervisors to address her issue immediately nor the employee should apologize to the woman and provides a shopping basket to her.

Explanation:

In every supermarket, All employees of the shop have the duties and responsibilities to serve the customers' needs without any delay in time.  Consumer rights should be always ensured to protected in all the shops irrespective of the size of the business as well the employees count. The consumer has all rights to raise the complaint to the direct supervisors in the market.

In this case, Woman's customer has experienced the pain as she cannot able to get a basket to hold the items. As she needs to take care of her children, Her request needs to fulfilled without any delay. Mutual consent with the ethics of the shop needs to tie up the bonding relationship between employees and consumers. At last, if the employee apologizes for her mistake and helps the woman by providing basket will end in the peaceful business transactions in the supermarket.  

3 0
3 years ago
The duel between Aaron Burr and Alexander Hamilton was the result of:
earnstyle [38]

Answer:

Option D: Burr's belief that Hamilton had slandered him.

Explanation:

The duel stemmed from a history of animosity between both men over the years. The existing personal animosity and personal bitterness between both individuals came to a head in the run-up to the governorship election in New-York in 1804.

The Albany Registrar published a letter sent from Charles Cooper to senator Philip Schuyler which referenced a statement made by General Hamilton describing Colonel Burr as being a dangerous and despicable human being incapable of running a government.

The ensuing duel was as a result of this defamation.

7 0
3 years ago
Barbara's Bakery purchased three new 7-year assets last year. She chose NOT to use Section 179 immediate expensing or take bonus
frez [133]

Answer:

$ 4,748

Explanation:

The depreciation expenses = $(\$ 15000 \times 17.85 \%) + (\$ 6000 \times 10.71 \%)+(\$ 40000 \times 3.57 \%)$

$= \$ 2677.50 + \$ 642.6 + \$ 1428$

= $ 4748

Generally we have use half year convention for assets that are purchased during the year but here we used the mid quarter as of more than the 40% of the assets are being purchased in last quarter of the year

$=\frac{\text{assets purchased in last quarter}}{\text{total assets purchased in the year}} \times 100$

$=\frac{40000}{61000} \times 100$

$=65.57 \%$ (it is more than 40%)

Thus we can use the mid quarter mars depreciation rates for the 7 years assets that are purchased this year.

8 0
3 years ago
A company makes two products in a single plant. It runs this plant for 100 hours each week. Each unit of product A that the comp
Olegator [25]

Answer:

Check the explanation

Explanation:

As per current limitation of emission, below will be the optimal solution.

The first attached image below is the screenshot of LP Table to be used to get the result -

The second attached image below is the formula used to get the result -

The third attached image below is the screenshot of solver with constraints, decision variable and objective -

the result is in the fourth attached image;

Product A - 15 units

Product B - 60 units

Total Contribution - 135000

Now EPA has allowed one additional unit of chemical emission. Hence, we will change the available quantity of chemical emission to 61 from 60. Rest all will be same as mentioned in earlier part. The fifth attached image below will be the updated optimal solution -

From the image, it is clear that company has 1 additional unit of particulate emission left (240-239), hence company can reduce the particulate emission by 1 units. Below will be the optimal solution -

Product A - 14

Product B - 61

Contribution - 136000 (increase in contribution by 1000)

Now, we can see that contribution has increased by 1000 which is equal to the contribution of 1 unit of product A.

1 unit of Product A is responsible for 4 unit of particulate emission. Hence company can reduce the emission further 4 units.

Final output will be as follows -

Product A - 13

Product B - 61

Contribution - 135000

Total Particulate Emission used = 13*4 + 61*3 = 235

Total Reduction in Particulate Emission = 240-235 = 5 units

Hence, company should willing to reduce the Particulate Emission by 5 units without affecting its Contribution Maximization objective.

3 0
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