A variable is defined as:

Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f

Ainat [17]

Answer:

1. Margin = 8%

2. Turnover = $7,500,000

3. Return on Investment = 12%

Explanation:

Sales for the year = $7,500,000

Net Operating Income = $600,000

Average Operating Assets = $5,000,000

1. Therefore, Margin = ( Net operating Income/Total Sales ) $\times$ 100 = 8%

2. Turnover = Sales for the period = $7,500,000

3. Return on Investment = Net Income/Average Operating assets

= $600,000/$5,000,000 = 12%

5 0

3 years ago

Which of the following accurately describe depreciable cost? i. The amount of cost a company intends to depreciate over the life

kirza4 [7]

Answer:

(i) and (iv)

Explanation:

The appreciable cost is the cost in which the assets can be depreciation over the useful life

And, the appreciable cost is come after deducting the salvage value from the acquisition cost

The formula to compute the depreciation expense using the straight-line method is shown below:

= (Original cost - salvage value) ÷ (useful life)

So it can be calculated after considering the first and four options

6 0

4 years ago

Allowance for Doubtful Accounts has a debit balance of $845 at the end of the year (before adjustment), and an analysis of accou

egoroff_w [7]

Explanation:

Given that

Debit balance = $845

Uncollectible receivables = $15,368

The Journal entry is given below:-

1. Bad debt expenses $16,213

To, Allowance for Doubtful Accounts $16,213

(Being bad dept expenses is recorded)

Note

Computation is shown below:-

Debit balance + Uncollectible receivables

= $845 + $15,368

= $16,213

5 0

3 years ago

Sabrina bought a new washing machine. She put $50 down and pays $50 per month for the next 10 months to be able to make the purc

MatroZZZ [7]

The credit she used is an installment sales credit.

Installments help you manage your liquidity and avoid unnecessary interest and fees. Installments are what you think of as a typical loan. Mortgages, car loans, or personal loans are examples of installment loans. These usually have a fixed payment and a specific end date.

Credit sales are a way for businesses to offer their customers short-term payment deferral options. The typical time frame for credit sales is 90 days or less. Credit sale discounts are often applied when the full amount is paid within a certain number of days.

Learn more about Credit sales here: brainly.com/question/25393740

#SPJ4

4 0

2 years ago

The New Zealand dollar to U.S. dollar exchange rate is 1.35, and the British pound to U.S. dollar exchange rate is 0.61. If you

ExtremeBDS [4]

Answer:

The riskless profit is $0.2 per US dollar invested.

Explanation:

New Zealand dollar to US dollar exchange rate is 1.35

1 US dollar = 1.35 New Zealand dollars

1 New Zealand dollar = 0.54 pounds

Calculate the number of pounds that one can buy with 1.35 New Zealand dollars -

Number of pounds = 0.54 * 1.35

= 0.729 pounds

The number of pounds that one can buy with 1.35 New Zealand dollars is 0.729 pounds.

1 US dollar = 0.61 pounds

1 Pound = (1/0.61) US dollars

1 Pound = $1.64

Calculate the number of US dollars that one can buy with 0.729 pounds -

Number of US dollars = 0.729 * 1.64 = $1.2

The number of US dollars that one can buy with 0.729 pounds is $1.2

It can be seen that investing 1 US dollar and then cross conversion leads to a return of $1.2.

Riskless profit = $1.2 - $1 = $0.2

Therefore, The riskless profit is $0.2 per US dollar invested.

5 0

3 years ago