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N76 [4]
3 years ago
9

Canedo Incorporated reported the following results from last year’s operations: Sales $ 9,600,000 Variable expenses 7,170,000 Co

ntribution margin 2,430,000 Fixed expenses 1,470,000 Net operating income $ 960,000 Average operating assets $ 4,000,000 At the beginning of this year, the company has a $700,000 investment opportunity with the following characteristics: Sales $ 2,310,000 Contribution margin ratio 60% of sales Fixed expenses $ 1,201,200 If the company pursues the investment opportunity and otherwise performs the same as last year, the combined turnover for the entire company will be closest to:
Business
1 answer:
marshall27 [118]3 years ago
7 0

Answer:

2.53

Explanation:

The computation of the combined turnover for the entire company is shown below;

Combined turnover is

= Combined sales ÷ combined assets

where,

Combined sales is

= $9,600,000 + $2,310,000

= $11,910,000

And,

Combined Assets is

= $4,000,000 + $700,000

= $4,700,000

So, Combined Turnover is

= $11,910,000 ÷ 4,700,000

= 2.53

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klio [65]

Answer: A Semantic Differential Scale question.

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A rating scale may be a Likert scale or a Semantic differential scale.

In a Likert scale the choices usually range between strongly agree and strongly disagree.  

In a semantic differential scale, however, each end of the scale has opposing sentences. In the question above, the five-point scale ranges from “hilarious” to “not funny”. Since this scale has opposing sentences at each end, this question is a semantic differential scale question.


6 0
3 years ago
The fact that financial services are more plentiful and easier to access means that
DaniilM [7]
A. consumers need to be better informed about what services are available and what those services cost.
8 0
4 years ago
Last year, Capriana Corporation (CC) had sales of $200 million, and its inventory turnover ratio was 5.0. The CC’s current asset
Brilliant_brown [7]

Answer:

quick ratio  = 0.72

Explanation:

given data

sales = $200 million

inventory turnover ratio = 5.0

current assets totaled = $100 million

current ratio = 1.2

solution

we get here quick ratio so here

inventory turnover ratio = \frac{sales}{inventory}   ...............1

put here value

inventory = \frac{200}{5}

inventory = 40

and

now we get current liability

current ratio = \frac{current\ assets}{current\ liability}   ...............2

put here value

current liability = \frac{100}{1.20}

current liability = 83.33

and here quick ratio

quick ratio = \frac{current\ assets - inventory}{current\ liability}   .............3

quick ratio  = \frac{100-40}{83.33}  

quick ratio  = 0.72

7 0
4 years ago
Pva inc.'s net income for the most recent year was $16,085. the tax rate was 40 percent. the firm paid $3,896 in total interest
Natalka [10]

cash coverage ratio: <span>

</span>

Earnings Before Interest and Taxes + Non-Cash Expenses / Interest Expense <span>

16,085/(1-tx) = 16,085 / 0.60 = 26,808.33 <earnings before taxes 
add back interest of 3,896 and depreciation of 2,575 = 26,808.33 + 3896 + 2575 = 26,808.33 

solve: 
26,808.33 / 3896<int exp = 6.88 
<span>so cash was 6.88 x interest expense </span></span>

5 0
3 years ago
Wally is employed as an executive with Pay More Incorporated. To entice Wally to work for Pay More, the corporation loaned him $
posledela

Answer:

Paymore: 2400 Wally: 2200

Explanation:

6 0
3 years ago
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