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Lena [83]
3 years ago
5

A firm with $600,000 in sales, cash on hand of $750,000, liabilities of $200,000 and total assets of $1 million has a total asse

t turnover of ______ times.
Business
1 answer:
RideAnS [48]3 years ago
5 0

Answer:

 Total Asset Turnover = 0.6 times

                       

Explanation:

Total Asset Turnover = $600,000/$1,000,000

Total Asset Turnover = 0.6 times

It measures the efficiency of a company's use of its assets in generating sales revenue or sales income to the company. Companies with low profit margins tend to have high asset turnover, while those with high profit margins have low asset turnover.

It is an important financial ratio used to understand how well the company is utilizing its assets to generate revenue.

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When people refer to jobs in the public sector they are referring to jobs with:
valina [46]
A. Is the answer since if you look up what a public sector is it mentions the government
5 0
3 years ago
Rising unemployment levels tend to stifle demand for goods and services, which can have the effect of forcing prices downward is
Yuki888 [10]

Answer:

This is called deflation.

Explanation:

Deflation refers to the situation when there is a decline in the general price level, it causes the economy to slow down. It generally happens because of a reduction in the money supply.  

The nominal costs of goods and services, labor, capital, etc. decline. But the relative prices, generally remain the same. '

The decline in price is not good for everyone and adversely affects producers.  It is also harmful to borrowers. The decline in the price level increases the purchasing power of money.

5 0
3 years ago
Sony has sold the same number of television sets each month for almost a year. However, in one month that number suddenly double
Inessa05 [86]

Answer:

C. Reduced prices of Sony televisions resulted in an increase in the quantity demanded.

Explanation:

Sony is a well known brand . What could explain a sudden double increase in sales while other brands' didn't is most likely a reduction in in prices of Sony products. It is a well known brand and they sell quality products which customers trust. Having a discounted price means they are offering a sale which customers would want to take advantage of.

3 0
2 years ago
Total fixed costs for Taylor Incorporated are​ $260,000. Total​ costs, including both fixed and​ variable, are​ $500,000 if​ 156
kobusy [5.1K]

Answer:

The variable cost per unit is $1.54

Explanation:

Variable costs are those cost which vary with the change in production of units means higher the production higher cost and lower production will result in lower cost e.g Material cost, labor cost etc.

On the other hand fixed cost the cost which does not vary with the production of units. It is fixed no matter what is the level of production.

According to given data:

Total Cost = $500,000

Fixed Cost = $260,000

Variable cost = Total cost - fixed cost

Variable cost = $500,000  $260,000

Variable cost = $240,000

Number of units = 156,000

Variable cost per unit = $240,000 / 156,000 = $1.54 per unit

6 0
3 years ago
A firm that sells goods that it purchases for re-sale is a
MrRissso [65]
The answer to the question above is Re-sellers. not to mention the question above stating that a firm sells goods that is purchased for a re-sale automatically refers to the Re-sellers. The Re-sellers can be a retailer that sells to the end users or sells to other business firms like the whole seller. basically the term Re-seller is a firm that who buys product lesser in the market and sells it with added value.
3 0
3 years ago
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