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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.

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Accounts receivable in an existing business:
Artemon [7]

Answer:

The correct answer is letter "A": are rarely worth their face value.

Explanation:

Accounts receivables are notes issued to customers after selling them a product or rendering services on credit. The repayment term may vary from 30, 60 or 90 days. If an account receivable is not paid after that period it could be considered as an uncollectible account which implies the company will incur losses.

<em>Accounts receivable are hardly ever accepted at face value (real value of the moment of the purchase) because companies add the interest rate that is to be charged for the sale on the account.</em>

4 0
3 years ago
AAA is a travel agency. Which describes the typical workplace of AAA?
marin [14]
The correct answer is b
3 0
3 years ago
Read 2 more answers
Helmert Federal, a financial institution, acquires its funds primarily from the deposits of its customers, and then uses these f
Ghella [55]
<h3>Helmert Federal is a savings and loan association </h3>

Explanation:

A Savings and Loan Association (S&L), or thrift service, is a financial institution specialized in taking savings deposits and making mortgages and other loans. A savings and loan company (S&L) has today been one of the main sources of home buyers ' mortgage loans.

In the specified example, Helmert Federal acquires its funds mainly from its customers ' deposits, and then uses those funds to make individuals ' mortgage loans is a form of savings and loan association.

6 0
3 years ago
Milo Co. had 600,000 shares of common stock outstanding on January 1. On May 1, Milo issued 126,000 shares. On September 1, Milo
PtichkaEL [24]

Answer:

b. 663,000

Explanation:

Outstanding shares refers to the total number of stock held by investors at a  particular time. They are the shares issued out to both retail and institutional investors and insiders, such as directors and employees. Outstanding shares will exclude shares that have been repurchased back by the issuing company (treasury stock).

The weighted average share outstanding takes into consideration the duration of time that issued stocks have been in the markets.  It allocates value proportionately to the time in the market.

For Millo Co,  the weighted average share outstanding  for the year will be

1. January 1,  600,000

2. May 1, issued 126,000 shares ( 8 months)

  weighted for the year=8/12 x 126,000 =   84,000

3. September 1, purchased  63,000 treasury stock

       (4 months) weighted value will be

      = 4/12 x 63,000= 21,000

The weighted average share outstanding  

Beginning balance plus shares issued out minus repurchased shares(treasury stock)

=600,000 + 84,000 -21,000

=663,000

6 0
3 years ago
、HowTotalRevenueChangesWhenPriceChanges?PleaseusetheElasticityandDemand 订curvetoexplainit.​
vlabodo [156]
<h3>When you increase price,you increase revenue on units sold.When you increase price,you sell fewer units.</h3>

Hope this helps

<h2>--SirGerick--</h2>

8 0
3 years ago
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