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Evgen [1.6K]
3 years ago
8

North Construction had $850 million of sales last year, and it had $425 million of fixed assets that were used at only 90% of ca

pacity. What is the maximum sales growth rate North could achieve before it had to increase its fixed assets?
a. 11.11%
b. 16.81%
c. 13.96%
d. 5.41%
e. 8.26
Business
1 answer:
11Alexandr11 [23.1K]3 years ago
6 0

Answer:

a. 1.11%

Explanation:

The computation of the maximum sales growth rate is shown below:-

Sales 90% Capacity = $850,000,000

Sales at 100% Capacity = $850,000,000 ÷ 90% × 100%

= $944,444,444.4

Growth in Sales by using unused capacity = Sales at 100% Capacity - Sales 90% Capacity

=$944,444,444.4  -  $850,000,000

= $94,444,444.4

Growth rate =Growth in Sales by using unused capacity ÷ Sales last year

-94444444.4  ÷ $850,000,000

= 1.11%

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Sandy, the manager of the accounting department of the business where she works, is going on vacation for two weeks. During a st
Butoxors [25]

Answer:

c.She has distributed power in the organization by delegation.

Explanation:

Delegation is the act of transferring responsibilities by a person with authority to another person. It is the action of a person with authority assigning another person their duties temporarily. Delegation in an organization is only one way, from a senior officer to their junior. It can happen at any level in the management hierarchy.  

Delegating duties will involve the transfer of limited powers. In the case of Sandy, she has delegated her duties to other staff members. She has given them powers to respond to questions on her behalf. Even though Sandy will not be performing her duties, she is still responsible for what happens while she is away.

The delegating authority must ensure they delegate only to people with the ability to perform the assigned tasks. They must also supervise the work they have handed over.  

6 0
3 years ago
Krening Realty has been found guilty of running deceptive ads. Which of these statements about the potential penalty is NOT true
Alika [10]

The statement that is not true is that Krening broker may face jail time

Explanation:

Running deceptive ads is not a crime that will need to face jail time if a person is found running deceptive ads the person will be asked to pay the penalty and they will be asked to pay the fine

And the violators will be asked to run the correct form of the ad and the information must be corrected and the civil penalties faced by them will be in millions

3 0
3 years ago
The Cash account of Gate City Security Systems reported a balance of 2400 at December 31​, 2018. There were outstanding checks t
olasank [31]

Answer:

Explanation:

gate City bank reconciliation statement as at December 31, 2018

Balance as per cash book                                 2400            

Direct payment to the bank (loan)        520            

Less bank charges                                   (30)                      

Add bank interest                                      20

Adjustment                                                              510

Adjusted cash book balance                                  2910

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Less outstanding check                            (1300)

Add deposit in transit                                   400

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8 0
3 years ago
Companies HD and LD are both profitable, and they have the same total assets (TA), total invested capital, sales (S), return on
GaryK [48]

Answer:

Option D is correct.

Explanation:

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Option C is also incorrect because there is no difference between the sales and total assets of both companies.

Option D is correct because the return on equity of the company LD is higher as the Net profit which is profit after interest and tax is higher than the profit after interest and tax of the company HD.

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7 0
3 years ago
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Scilla [17]

Answer:

The correct answer is option b.

Explanation:

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A flatter demand curve, on the contrary, implies that a small change in price will cause a greater change in quantity demanded. In other words, demand is relatively elastic.  

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A change in demand will be equal to the change in price if demand is unitary elastic.

8 0
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