Possible losses due to negligence resulting in bodily harm or property damage to others are called B.) LIABILITY risks.
Liability is an obligation that you must do or must pay for.
Answer:
4.83 times
Explanation:
The computation of the inventory turnover is shown below:
= Cost of goods sold ÷ average inventory
where,
Average inventory = Raw material inventory + work in progress inventory + finished goods inventory
= $740 + $320 + $1,010
= $2,070
And, the cost of good sold is $10,000
Now put these values to the above formula
So, the answer would be equal to
= $10,000 ÷ $2,070
= 4.83 times
Answer:
Predetermined manufacturing overhead rate= $37.28 per direct labor hour
Explanation:
Giving the following information:
Estimated overhead= 3,700,000 + 960,000= $4,660,000
Estimated direct labor hours= 125,000
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
<u></u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 4,660,000/125,000
Predetermined manufacturing overhead rate= $37.28 per direct labor hour
Explanation:
The computation is shown below:
For return on investment
Return on investment = Income from operations ÷ invested assets
= $13,200,000 ÷ $55,000,000
= 0.24 or 24%
For Investment turnover
Investment turnover = Sales ÷ Invested assets
= $82,500,000 ÷ $55,000,000
= 1.5
For Profit margin
Profit Margin = Income from operations ÷ Sales
= $13,200,000 ÷ $82,500,000
= 0.16 or 16%
The return on investment
= Profit margin × investment turnover
= 16% × 1.5
= 24%
Explanation:
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