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scoundrel [369]
3 years ago
7

Snap Dragon Photo reported the following figures on its December 31, 2016, income statement and balance sheet:Net Sales $440,000

Dec 31 2016 Dec 31 2015Cash $26,000 $28,000Accounts Receivable 56,000 58,000Merchandise Inventory 79,000 76,000Prepaid Expenses 8,000 14,000Property, plant and equipment, net 180,000 11,000Compute the asset turnover ratio for 2016.
Business
1 answer:
siniylev [52]3 years ago
3 0

Answer:

Assets turnover ratio= 1.64 times

Explanation:

The asset turnover is the he amount of sales generated by one dollar invested in asset. it measures how efficient the business is in generating sales using assets

Assets turnover ratio = net sales / Average assets

<em>Asset at the beginning of year 2016</em>

=26,000  + 56,000 +    79,000 +     8,000  + 180,000 = 349 ,000

<em>Asset at the end of year 2016</em>

$28,000  + 58,000 +    76,000  +  14,000 +  11,000= 187 ,000

Average assets = Opening value of asset+ closing value of assets/2

= 349 ,000 + 187 ,000= 268 ,000

Assets turnover ratio = net sales / Average assets

=440000/268,000= 1.64 times

Assets turnover ratio= 1.64 times

Total assets =

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When a manufacturer forbids an intermediary to carry products of competing manufacturers, the arrangement is known as _____.
sineoko [7]

When a manufacturer forbids an intermediary to carry products of competing manufacturers, the arrangement is known as exclusive dealing.

Exclusive dealing happens while one commercial enterprise buying and sells with some other places situations on the opposite's freedom to pick what it buys or sells, who it does commercial enterprise with, or wherein it trades. Unique dealing is common in business preparations. extraordinary dealing is only illegal while it drastically lessens opposition.

Exclusive dealing is normally described by using the state of affairs wherein the advertising outlet contains best the fabricated from one manufacturer in a particular product type. as an example, while McDonald's sells the handiest Coca-Cola, this is distinctive dealing.

Learn more about manufacturer here: brainly.com/question/25279292

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4 0
1 year ago
SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company’s products is grilled salmon in dill
Ivanshal [37]

Answer:

1. 2,040 Hours

2. $27,540

3. 460 U

4.Labor rate variance = 1,000 U , Labor efficiency variance = 540 F

Explanation:

1. Standard labor hour allowed = (5,100 * 0.40) = 2,040 Hours

2. Standard labor cost = (2,040 * $13.50) = $27,540

3. Labor spending variance = (Standard cost - actual cost)

Labor spending variance = (27,540 - 28,000)

Labor spending variance = 460 U

4. Labor rate variance = (Standard rate - Actual rate) * Actual hours

Labor rate variance = ($13.50 - $14) * 2000

Labor rate variance = 0.50 * 2,000 U

Labor rate variance = 1,000 U

Labor efficiency variance = (Standard hour - Actual hour) * Standard rate

Labor efficiency variance= (2,040 - 2,000) * $13.50

Labor efficiency variance = 40 * 13.50 F

Labor efficiency variance = 540 F

3 0
3 years ago
A government has a single-employer defined benefit pension plan for the employees of its Electric Utility Enterprise Fund. On De
Natasha_Volkova [10]

AnswerEnterprise Fund Dr. 1,300,000

Pension Fund CR. 1,300,000

Narration recognition of outstanding pension fund.

Note This will throw the Enterprise fund into a deficit of $520,000

To provide for the deficit

Income Dr. 520,000

Enterprise fund CR 520,000

Narration. Recognition of pension not covered by asset.

4 0
3 years ago
Gerald Murphy is a manager at Wright &amp; Wayner, a publishing house which is a very employee-friendly company. The demarcation
Alecsey [184]

Answer:

E) Social Loafing

Explanation:

social loafing is the phenomenon of a person who exerts less effort to achieve a goal when working in a group than when working alone

3 0
3 years ago
As a member of the crisis management team, you will attend our biannual crisis management workshops. These workshops will prepar
marin [14]

Answer: Topic Sentence

Explanation:

The Topic sentence contains the idea that the whole paragraph is centered on. It is in the topic sentence that the leader gets a grasp of what is going on and then reads the support sentences to find out an elaboration of this sentence. For this reason it is usually the first sentence though not always.

In the text, the sentence <em>As a member of the crisis management team, you are required to attend our biannual crisis management workshops </em>is a topic sentence because it introduces the Crisis Management team and then elaborates on it.

4 0
3 years ago
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