A company had net income of $40,000, net sales of $300,000, and average total assets of $200,000. The profit margin and total asset turnover ratio are 13.3% each. 1.5.
There are two methods that can be used to calculate return on assets. The first method is to divide the company's net income by its average total assets. The second method is to multiply the company's net profit margin by sales.
Return on assets is calculated by dividing a company's after-tax earnings by total assets. The balance sheet total corresponds to the company's total equity and liabilities. This value can be found on the company's balance sheet.
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Answer:
Option (c) : $80,000
Explanation:
As per the data given in the question,
A B
Sales price $12 $22
Less: Variable cost $10 $10
Contribution per unit $2 $10
Time required in hours 0.25 0.50
Contribution per hour $8 $20
Rank 2 1
Company should produce only product B to maximize the contribution.
Total contribution = $20 × 4,000
= $80,000
Answer:
A. $1,517,648 thousand
Explanation:
The computation of the cost of goods sold using the FIFO method is shown below:
= Cost of goods sold under LIFO - (Ending LIFO reserves - Beginning LIFO reserves)
= $1,517,397 - ($4,345 - $4,094)
= $1,517,648
We simply applied the above formula so that the cost of goods sold using the FIFO method could come
All other information i.e given is not relevant. Hence, ignored it
Answer and Explanation:
The computation of the variable cost per unit and the total fixed cost is shown below;
a. The variable cost per unit is
= (Highest total cost - lowest total cost) ÷ (Highest units produced - lowest units produced)
= ($440,000 - $300,000) ÷ (5,500 - 2,700)
= $140,000 ÷ 2,800
= $50
b. The total fixed cost is
= $440,000 - 5,500 × $50
= $440,000 - $275,000
= $165,000
Answer:
Tray's opportunity cost is not being able to purchase lunch, the alternative tray decided not to take would I assume to be just getting gas and to eat at his house.
