1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ss7ja [257]
3 years ago
10

The balance sheet of Hidden Valley Farms reports total assets of $450,000 and $550,000 at the beginning and end of the year, res

pectively. Net income and sales for the year are $100,000 and $800,000, respectively. What is Hidden Valley's asset turnover?
Business
2 answers:
hoa [83]3 years ago
7 0

Answer:

Hidden Valley's Asset Turnover = 1.6

Explanation:

Average Total Asset = (Total Assets at the beginning of the year + Total Assets at the end of the year)/2

Average Total Asset = (450,000+550,000)/2

Average Total Asset = 1,000,0000/2 = 500,000

Asset Turnover = Net Sales / Average Total Asset

Asset Turnover = 800,000/500,000

Asset Turnover = 8/5

Asset Turnover = 1.6

Dafna11 [192]3 years ago
5 0

Answer:

1.6

Explanation:

Asset turnover is a financial ratio that measures how much sales /revenue a company for investing $1 in assets. It is measured as the ratio of net sales to average total asset.

Average total assets = (asset value at start of the year + asset value at end of year)/2

Beginning asset value = $450,000

Ending asset value = $550,000

Average total assets = ($450,000 + $550,000)/2

= $500,000

Sales = $800,000

Asset turnover = $800,000/$500,000

= 1.6

This means that a revenue of $1.60 is generated for every $1.00 invested in assets.

You might be interested in
Will the managers be able to make informed decisions in woolworth ?
Serjik [45]

There is a high amount of possibility that the managers at Woolworth will be able to make informed decisions, if the team involved in decision-making thinks rationally, and in the best interest of the company.

<h3>What is an informed decision?</h3>

An informed decision can be referred to or considered as a decision that is taken by keeping important factors in mind while arriving at a decision, and also managing the core functions with an intention of growth.

In the condition given above, the managers will be able to make informed decisions only if their mindset towards the company is rational, and such decision is in the best interest of the company.

Therefore, the significance regarding an informed decision has been aforementioned.

Learn more about informed decision here:

brainly.com/question/28198869

#SPJ1

5 0
1 year ago
Employees tend to stay with one company for their entire careers
SSSSS [86.1K]

false,  hope this helps!

5 0
3 years ago
Read 2 more answers
Brianna, a salesperson for Cosmetics Corporation, learns that Cosmetics will increase the dividend it pays to shareholders. Bria
olya-2409 [2.1K]

Answer:

traded on information that was not available to the public.

Explanation:

Brianna, a salesperson for Cosmetics Corporation, learns that Cosmetics will increase the dividend it pays to shareholders. Brianna buys 10,000 shares of Cosmetics stock. When the price increases, Brianna sells the shares for a profit. If Brianna is liable for insider trading, it is because she traded on information that was not available to the public.

3 0
3 years ago
Which of the following is the least liquid investment A. Savings account B. CD C. Mutual fund D. Cookie jar
Drupady [299]
Hello there!


The correct answer is option D- Cookie jar

As always, it is my pleasure to help students like you!

4 0
3 years ago
Top management of Drexel-Hall is considering closing Store 3. The three stores are close enough together that management estimat
Zarrin [17]

Answer:

Compute the increase or decrease that closing Store 3 should cause in: a. Total monthly sales for Drexel-Hall stores.

  • total monthly sales should decrease from $1,800,000 to $1,380,000 = a $420,000 reduction

b. The monthly responsibility margin of Stores 1 and 2.

  • store 1 responsibility margin increased from 10% to 12.55% (2.55% increase)
  • store 2 responsibility margin increased from 9% to 13.69% (4.69% increase)

c. The company’s monthly income from operations.

  • increased from $72,000 to $140,200 ($70,200 increase)

Explanation:

                                                Store                 Store                Total                                          

                                                   1                         2

Sales                                         $660,000          $720,000     $1,380,000

Variable costs                          $409,200          $453,600        $862,800

Contribution margin                $250,800          $266,400         $517,200

Controllable fixed costs           $120,000          $102,000        $222,000

Performance margin                $130,800           $164,600        $292,200

Committed fixed costs              $48,000            $66,000         $114,000

Store responsibility margin      $82,800             $98,600        $178,200

Common fixed costs                                                                    $38,000

Income from operations                                                             $140,200

4 0
3 years ago
Other questions:
  • What are the 3 qualifications of a product
    15·1 answer
  • Powers drove a truck that his employer leased from Big Trucks. After Big repeatedly failed to respond to Powers' requests to fix
    12·1 answer
  • The advanced industrial nations of the West committed themselves after World War II to removing barriers to the free flow of goo
    14·1 answer
  • How is value added different from profit
    11·1 answer
  • ___ is the ability of each organization's information system to work with the other, sharing both data and services.
    9·1 answer
  • DG Loans, a mortgage lender, was charged with a discrimination lawsuit. It alleged that the company was offering loans at higher
    11·1 answer
  • Match the words with the definitions please and thank you
    10·1 answer
  • At January 1, 2016, Waterway Industries has beginning inventory of 1500 surfboards. Waterway estimates it will sell 5000 units d
    7·1 answer
  • You will need to revise your budget to account for a car payment. Which expense category would be the most difficult to change o
    6·1 answer
  • Companies like my​ gym, which seek to do business in new markets for manufacturing​ and/or marketing​ purposes, have many potent
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!