Answer:
c. $182,083
Explanation:
current numbers:
sales 415,000
assets 355,000
industry average assets turnover
sales / asets = 2.4
<u>How much do assets need to decrease to get an assets turnover of 2.4?</u>
sales will remain unchanged, so we can only adjust assets on the turnover formula:
415,000/assets = 2.4
assets = 415,000/2.4 = 172.916,67
current assets 355,000
target assets 172, 917
decrease in assets 182.083
Answer:
ok
Explanation:
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The compensation survey showed an average hourly rate of $23 for total compensation. Of this amount, wages are $16 per hour and benefits are $7 per hour. In comparison, Butcher Enterprises spends an average hourly rate of $19 for total compensation. Of this amount, 70 percent is allocated for wages.
1-7. On an average hourly basis, how much does Butcher Enterprises spend on wages and benefits, respectively, in dollars?
Answer:
Hourly wage = 0.7 * $19 = $13.3
Hourly benefit = 0.3 * $19 =$5.7
Explanation:
Butcher enterprises spends average hourly rate of total compensation = $ 19
Allocation for hourly wage = 70%
So therefore;
Hourly wage = 0.7 * $19 = $13.3
Allocation for hourly benefit = 30%
So therefore;
Hourly benefit = 0.3 * $19 =$5.7