Answer:
1.08 dollars of sales are generated from every $1 in total assets.
Explanation:
Calculate Current asset from net working capital formula:
Net Working capital = Current Assets - Current Liabilities
$2,715 = Current Assets - $3,908
Current Assets = $2,715 + $3,908
Current Assets = $6,623
Now calculate Total Assets:
Total Assets = Fixed Asset + Current Assets
Total Assets = $22,407 + $6,623
Total Assets = $29,030
We can calculate dollars' worth of sales are generated from every $1 in total assets by following formula:
Asset turnover ratio = Net Sales / Total Assets
Asset turnover ratio = $31,350 / $29,030 = 1.08
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Answer:
Attributes of an effective organization structure are given below.
1. An effective organizational structure facilitates attainment of objectives through proper coordination of all activities
2. In a effective organizational structure, the conflicts between individuals over jurisdiction are kept to a minimum
3. It eliminates overlapping and duplication of work.
4. It decreases likelihood of runarounds
5. It facilitates promotions of personnel
6. It aids in wage and salary administration
7. Communication is easier at all levels of organizational hierarchy
8. A well-structured organization provides a sound basis for effective planning
9. It results in increased cooperation and a sense of pride among members of the organization
10. It encourages creativity
Answer:
$570,000
Explanation:
At the time of recording of the fixed assets, the fixed assets should be reported at purchase cost or historical price or originally cost or acquiring cost, whether all other values are given i.e appraisal value, the seller purchased value, similar warehouse book value, etc
So, in the given case, it would be recorded at $570,000 as the buyer purchase the building at this cost only.
Answer and Explanation:
The computation is shown below:
a. As a premium expense
= ($0.460 - $0.44) × 695,000
= $13,900
b. As a difference of 3 months spot rate and spot rate
= ($0.455 - $0.44) × 695,000
= $10,425
The first one represents the premium expense for $13,900 and the second part represents the adjustment to the net income in a positive way
