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Illusion [34]
3 years ago
5

Runyon Inc. reported the following results from last year’s operations: Sales $ 16,800,000 Variable expenses 12,230,000 Contribu

tion margin 4,570,000 Fixed expenses 3,394,000 Net operating income $ 1,176,000 The company’s average operating assets were $7,000,000. Last year's turnover was closest to: Multiple Choice 0.42 14.29 0.07 2.40
Business
1 answer:
Andre45 [30]3 years ago
4 0

Answer:

Turnover is equal to 2.40

Explanation:

Consider the following equation to calculate the turnover

Turnover = Sales /Average operating assets

= 16.800.000/7000000=

2.4

<em />

<em>Turnover is an accounting concept that calculates how quickly a business conducts its operations.</em>

 

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Biochemical Corp. requires $720,000 in financing over the next three years. The firm can borrow the funds for three years at 10.
strojnjashka [21]

Answer:

Determine the total interest cost under each plan.

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Plan 2 224280

Explanation:

FIRST    

F = P ( 1 + i * n )    

   

F=720000(1+10,20%*3)  940320  

   

F=940320    

   

Interest=940320-720000  220320  

   

Interest 1= 220320    

   

SECOND    

F = P ( 1 + i * n )    

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6 0
3 years ago
The sale or transfer of goods ordinarily held for sale in course of business is goverend by the?
GenaCL600 [577]

The sale or transfer of goods ordinarily held for sale in course of business is governed by the  Uniform Commercial Code.

Whilst a shop lowers its charges via a sale, though, customers are more willing to buy due to the fact they recognize they're now not set as a whole lot of money on the line. extra often than not, customers who like the stuff they buy on sale will turn out to be coming lower back to shop for it once more, despite the fact that it's not priced at a reduction.

The important thing for a retailer is the gross income margin: the percentage of revenue left over from the sale of a product after subtracting the fee of that product – which includes the production, transport, packaging, and different work that goes into it.

A clearance is a unique sort of sale that could appeal to extra customers than traditional sales. this is due to the shop seeking to take away positive items for one cause or any other. the store is probably going out of business, the objects are going out of season, or there is not sufficient room in the shop for new gadgets.

Learn more about the sale here brainly.com/question/25586322

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7 0
1 year ago
An important use of a hot stick is to_____?
jekas [21]
Protect them from electric shock
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7 0
2 years ago
Janice and Shane are both senior software analysts. They have worked together on projects for six years and get along very well.
dybincka [34]

Answer:option D

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3 0
3 years ago
Which of the following functions of marketing involves sorting products according to their size and quality, helping to reduce t
sladkih [1.3K]

Answer:

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Based on the information provided within the question it can be said that the function of marketing that does this is the standardization and grading function. This helps the customers with buying and selling of goods by sample or description. In other words by sorting them by a specific size and quality so that customers already understand what it is and do not have to bother with a detailed assessment.

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