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shepuryov [24]
3 years ago
6

Spears Co. had net sales of $35,400 million. Its average total assets for the period were $14,700 million. Spears' total asset t

urnover equals:

Business
2 answers:
Natalka [10]3 years ago
8 0

Answer:

2.41

Explanation:

To calculate the asset turnover ratio,we need to  divide net sales or revenue by the average total assets . In this particular case we have net sales of $35,400 million and ts average total assets for the period were $14,700 million . Please refer to the attachment for the formula and calculation .

bulgar [2K]3 years ago
7 0

Spears' total asset turnover is 2.41

Total Asset Turnover = Net Sales/Average Total Assets

Total Asset Turnover = $35,400/$14,700 = 2.41

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Hewitt Company expects cash sales for July of S15.000, and a 22% monthly increase during August and September. Credit sales of $
larisa [96]

Answer:

b) $22, 326 and $16, 900

Explanation:

The computation is shown below:

Budgeted cash sales

July cash sales

=  $15,000

August sales

= July sales +  July cash sales × monthly increase

= $15,000 + $15,000 × 22%

= $15,000 + $3,300

= $18,300

September sales

= August sales + august sales × monthly increase

= $18,300 + $18,300 × 22%

= $18,300 + $4,026

= $22,326

Budgeted credit sales

July cash sales

=  $10,000

August sales

= July sales +  July cash sales × monthly increase

= $10,000 + $10,000 × 30%

= $10,000 + $3,000

= $13,000

September sales

= August sales + august sales × monthly increase

= $13,000 + $13,000 × 30%

= $13,000 + $3,900

= $16,900

5 0
3 years ago
Campbell Transport Company divides its operations into four divisions. A recent income statement for its West Division follows.
Leona [35]

Answer:

Explanation:

1) Revenue  $540,000

less: Salaries for drivers  (390,000)

Fuel expense  (54,000)

insurance  (74,000)

Division line  (44,000)

Net loss  (22,000)

If division is eliminated the income would increase by $22,000

So it should be eliminated.

2) Decrease in income = $600,000 - ($540,000+$22,000)

= $38,000

3) What is the minimum amount of revenue required = 600,000 - 38,000 = $562,000

8 0
2 years ago
Illinois​ Furniture, Inc., produces all types of office furniture. The​ "Executive Secretary" is a chair that has been designed
viktelen [127]

Answer:

hello your question is incomplete attached below is the missing table to your question

Illinois​ Furniture, Inc., produces all types of office furniture. The​ "Executive Secretary" is a chair that has been designed using ergonomics to provide comfort during long work hours. The chair sells for​ $130. There are 480 minutes available during the​ day, and the average daily demand has been 50 chairs. There are eight tasks

answer : a) 9.6 minutes

               b) 5 work stations

               c) choose initial task and task with maximum task time

               d) 21 minutes

Explanation:

A) cycle time for the production of a chair

cycle time = (production time available per day ) / ( unit demand per day )

                 = 480 minutes / 50 chairs

                 = 9.6 minutes ≈ 10 minutes

B) theoretical minimum number of workstations

    = Total task / cycle time

 where total task = (4 + 7 + 6 + 5 + 6 + 7 + 8 + 6 ) = 49 minutes

             cycle time = 9.6 minutes

hence theoretical minimum number of workstations = 49 / 9.6 = 5.1

 ≈ 5 workstations

C ) Assignment of tasks to workstations

      attached below

you will choose the initial/first task and also the task with maximum tax time

D) For the process the total idle time per cycle

total idle time = summation of all idle times for the 8 tasks = 21 minutes

Task A, C = 0 minutes

Task B = 3 minutes

Task E = 4 MINUTES

Task F = 3

Task G = 2

Task H = 4

Task D = 5

6 0
3 years ago
Under the __________ system the number of choices in the market is directly related to government involvement in markets
stealth61 [152]
COMMUNIST

Under the Communist System the number of choices in the market is directly related to government involvement in markets.

Communist system is a market system wherein all market decisions are made by the government. 
3 0
3 years ago
A decrease in the supply of dollars on the foreign exchange market, all else equal, will result in:
Maurinko [17]

Answer:

a. appreciation of the U.S. dollar and depreciation of the foreign currency.

Explanation:

When the supply of us dollars fall, demand for US dollars would be greeter than the supply, the value of the US dollar would rise.

I hope my answer helps you

8 0
2 years ago
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