Answer:
The answer is 1.02
Explanation:
Asset turnover is an effiency ratio and it measures the how efficient a company is using its asset to generate profit.
The formula is Revenue or net sales / total asset
Revenue or net sales = $960,000
Total asset = $937,000
$960,000/$937,000
= 1.02
This ratio means that for every dollar in assets, the company generates $1.02
Answer:
The equilibrium quantities of lettuce reduces and price remains the same.
Explanation:
In the attached image is the grapichal analysis of the reduction of demand and supply in the same proportion.
Answer:
According to the text, morality related to the reasons for economic inequality is acceptable
Explanation:
According to the text, morality related to the reasons for economic inequality is acceptable, since the government ensures the integrity for all citizens in an equitable manner so that everyone can build their wealth. The text explains how, it is fair for everyone to pay their taxes on equal terms and percentages since it would be inappropriate and unfair for people who have less income to pay less taxes than those with a higher social status. In my opinion, this theory applied to the context of real life does not turn out to be so appropriate, since it is possible to see the great economic breach between some social strata and their living conditions that often lack even the most basic rights for survival.
Answer:
5,220 hours
Explanation:
Lets summarize the information first,
Actual Hours = 5,140
Actual Indirect labor cost = $2,056
Spending Variance = $257 Unfavorable
Activity Variance = $28 Favorable
We can reverse work for budgeted labor hours, first for the standard rate,
Spending variance = Actual hours * Standard rate/hour - Actual Overheads
-257 = 5140x - 2056
x = (2056-257)/5140
x = 0.35/hour (This is the standard over head rate )
Activity Variance = Standard rate*Standard hrs - Standard rate*Actual Hrs
28 = 0.35y - 0.35*5140
Solving for y,
y = 1827/0.35
y = 5,220
So budgeted hours for Stolen Horse Corporation were = y = 5,220 hours
Hope that helps.
A-land
comprises all naturally occurring resources
